Following my post earlier this month (here) on Vicom's Q1 FY15 result, the share price has dropped and I took this chance to accumulate by purchasing 2,000 shares at a price of $5.96. I don't have too much to update regarding the nature of the business that I have written on previously, so this is more on accumulating on opportunities when I see price weakness looming.
Based on the Q1 results, I estimate that they will come up to around 38 cents EPS for this year, which translates to about just over 10% growth year on year. Assuming the same payout ratio of 80% is maintained for this year and given their track record in increasing dividends every year, this could translate to a dividend of about 30 cents/share or 5.1% yield based on my above entry price. Hey, that's better than most of the ......