Today I received the 15cents non taxable dividend from TWS. After the take over announcement on 24th December, TWS is now trading at 8.91. I am in consideration of disposing my TWS. Will post here as soon as I decided to dispose it. Good luck to all TWS shareholders.
Thursday, December 27, 2012
Tuesday, December 25, 2012
Season Greetings
Just wanted to take this opportunity to wish all readers a blessed Merry Christmas and may you all have a successful investment in 2012 and years to come.
TWS offered to be privatize
At the end of last Friday's trading, 21 Dec, TWS trading was suspended along with two other sister company, TWS Plantation and Bernas. Shortly after KLSE closing, TheEdge published an article that the majority shareholder of TWS, Syed Mokhtar intend to merge both sister companies into TWS.
All 3 stocks remained suspended today and the announcement only came up after trading hours of 24 Dec where a general offer of RM9.30 per share to take TWS private. All 3 stocks will resume trading on 26 December (Wed).
Based on the announcement, I'm certain TWS stock price will jump on Wednesday morning. My only disappointment is that the offer price fell short of what I had in mind although it is a 20% premium from the Friday's last traded price.
Nevertheless, it is still deemed as a good news to all TWS shareholders who have been hoping for a stock price appreciation.
All 3 stocks remained suspended today and the announcement only came up after trading hours of 24 Dec where a general offer of RM9.30 per share to take TWS private. All 3 stocks will resume trading on 26 December (Wed).
Based on the announcement, I'm certain TWS stock price will jump on Wednesday morning. My only disappointment is that the offer price fell short of what I had in mind although it is a 20% premium from the Friday's last traded price.
Nevertheless, it is still deemed as a good news to all TWS shareholders who have been hoping for a stock price appreciation.
Wednesday, December 12, 2012
Sold Glomac - 12 December 2012
Today is a special day of the year, 12.12.12. However, it has no relation to the market performance.
After holding Glomac for 21 months, I have decided to sell off Glomac to increase my cash on hand. I sold it at 0.82, slightly lower than my entry price. In that 21 months, I received at least 3 times of dividend, yielding approximately 5% per year.
After holding Glomac for 21 months, I have decided to sell off Glomac to increase my cash on hand. I sold it at 0.82, slightly lower than my entry price. In that 21 months, I received at least 3 times of dividend, yielding approximately 5% per year.
Tuesday, December 4, 2012
Received Glomac Dividend - 4th December 2012
It's almost the end of 2012 and today I received the taxable 2.75cents Glomac dividend. It just reported its 2nd quarter earnings which is slightly higher than previous year's 2nd quarter. Since the ex-date of the dividend, the share price of Glomac has dropped a few cents but overall is stable. This stock is definitely good for dividend hunters that are looking for yield higher than Fixed Deposit. Otherwise, one really needs a lot of patience if one is expecting capital gain.
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