I just bought as i think my cost will be half with the "promised" 3 cents dividend for the second half. Like i always say,the lowest price any share can go is half a cent unless its suspensed! So i think the bottom is very near indeed but the potential capital gain is huge considering it was trading more than $1 i year. They call it "margin of safety". I dun analyse their results or business. Its very negative and this is good cos i believe the majority of that have been factored in.
3 comments:
hi!
any reasons why you bought into this stock?
The company has halted any dividend payout till further notice, if i am not wrong.
Hi Kit, you bought Babock & Brown for the year end dividend?
regards
cc
I just bought as i think my cost will be half with the "promised" 3 cents dividend for the second half. Like i always say,the lowest price any share can go is half a cent unless its suspensed! So i think the bottom is very near indeed but the potential capital gain is huge considering it was trading more than $1 i year. They call it "margin of safety". I dun analyse their results or business. Its very negative and this is good cos i believe the majority of that have been factored in.
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