Attended the agm for this company this afternoon. Less than 10 local shareholders there. But the company is doing well and paying 1.25 cents dividend this year. According to one of the independent directors, this is a good S chip with consistent profits and dividend for the past few years but the market does not seem to notice it. Further more, the small free float (19%) of around 38 million shares make it even more attractive.
Last edit: 9 years 9 months ago by min1xyz. Reason: Correcting the name of the company
What about the latest disclosure on 26 Sep 14 where the substantial shareholder is increasing its shareholding by 26m to 73.85%? Any view on this move?