Chart: MNRB's weekly chart as at August 3, 2011_10.15am (Source: Quickcharts)
Wednesday, August 03, 2011
MNRB- rising on dividend
MNRB announced a first & final dividend of 20% (less tax of 25%) yesterday (here). The share responded with a sharp rally this morning. MNRB broke above the psychological RM3.00 level as well as the horizontal line at RM3.10. The indicators are positive & there is sign of accumulation over the past few weeks. If the stock can stay above the RM3.00 level, we could be seeing the start of a gradual upleg for this stock. The current poor market sentiment would not however act as a brake to any rally.
Chart: MNRB's weekly chart as at August 3, 2011_10.15am (Source: Quickcharts)
Chart: MNRB's weekly chart as at August 3, 2011_10.15am (Source: Quickcharts)
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3 comments:
Finally declared dividend after 2 years waiting . By the way is the first & final dividend of 20% mean 20% from the EPS of 58 cent or 20% from the PAR value RM1.00 ?
I have verified the MNRB dividend's history in Bursa's website . The 20% should mean 20 % of the PAR value RM1.00 so should get RM 0.20 dividend in this case .
i also have waited since early 2010 , now MNRB finally has declared dividend. More dividend to come if profit is good.
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