Shares & Derivatives
Hock Lian Seng: 2c dividend per share.
By A Singaporean Stockmarket Investor (ASSI)  •  February 23, 2012
On 17 October 2011, I looked at Hock Lian Seng's numbers after observing how insiders were buying up its shares at 23.5c a piece. I decided that its numbers were decent enough and that it would probably be able to pay a dividend of 1.5c a share. I bought more shares at 24c a piece while waiting to see if price would fall closer to its NAV per share. Prices did go lower and touched a low of 21c in one later session but my buy order was not filled. Today, it announced a dividend of 2.0c a share on the back of rather encouraging numbers. Mr. Market has reacted in the usual fashion and Hock Lian Seng's share price touched a high of 27c before closing at 26.5c today, up 1.5c from the preceding session.
Immediate resistance at 27c.
I really like how its gross ......
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By A Singaporean Stockmarket Investor (ASSI)
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