Food Empire - It has a great running up from 1.10 to 1.34 level, seem rather overly extended! Last year Final dividend of 4.4 cents, yield is about 3.28 percent. Lets say dividend increase to 6.5 cents yield is about 4.85% so, I think cautious mode!
It may rise up to retest 1.36. But I think is better for her to consolidate and then gather the strength to cross over 1.36 convincingly. If not, we may see a retracement soon!
Pls dyodd....
