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61-80 of 356
friday close bearish engulf no buy
critical support 200e at 59c fibo at 58c
critical support 200e at 59c fibo at 58c
broadfeet ( Date: 30-May-2011 20:44) Posted:
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I mean profit from the residential projects in Sydney once it reaches 100%.......a significant amount.....watch this space....
so funny...for me to accumulate again...
going to recognize residential projects soon.......
with dividend, this stock is less than 60 cents now...I am getting more....:)
Volume has been great for this stock lately.....with last done at $0.63, it would be a steal woth $0.03 dividend...I believe if it still stay at this price, nearer to the dividend date, it will shoot up......
I for one will buy more if it stays at current level nearer to the date it pay dividend......
62.5c no fill today
queue 61.5c based on recent candles
broadfeet ( Date: 28-May-2011 11:03) Posted:
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Its really not that hard to beat FD.
angmohlin ( Date: 29-May-2011 16:53) Posted:
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Only problem is this guy is slow and most people take on a short term approach.....
3 cents dividend for the share price of 63.5 cents, the return/yield is better than FD interest. Got 30 lots long ago and may invest some more just for dividend if the share price go back to 57.5/58 cents.
You are correct on this.
Base on the latest cash bal that SL has as shown on the B/S as at 31/03/2010, it is about 60 millions. The 3 cents dividend per share will take away 26/27 millions , SL need to have cash for working capital, the balance cash of about 33/35 millions for such labour intensive hotel industry is rather tight. 1 cent per share will cost 8/9 millions.
So when the Sydney project account is released in July , SL will be flust with cash of about 250 millions. Part of it will be used to repay loans, bal will be for dividend and working capitals.
Another 3/4 cents is possible for mid year dividend.
serious ( Date: 28-May-2011 17:53) Posted:
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so, cshould buy more....as might have more dividend and confirmation of the project will send the price flying....
The management cannot declare too much dividend for the FY 2011 because of cash flow. The total project proceeds from the Sydney development ( in Escrow account ) will only be released in July/Ausgust.
So mid year should declare another round , by mid Nov. 2011.
I am queueing at 0.63 and 0.635....with 3 cents dividend, the price is only 0.60 and 0.605.......
The Market is ALWAYS right
queue 62.5 but if price shoot up within 65 can buy too
Last chance to board boat...today weakness is a good chance......don't time this stocks....it will go up eventually...just like Metro.....
Stamfordland got more gems than Metro in my opinion.....imagine if the hotels and office are sold and/or the land banks are being developed and when it recognise its profit for it residential development......
Ya, me add on some too. Seeing many property counters(those less than $1 stocks) shooting up now and then, this one kept pretty quiet and looking at the last years report was on the 27/5, it should be good , so I bought it yesterday.
$0.03/$0.65=4.6%, very good.
good luck everyone!!.
This is the only stock that I can sleep soundly.....too many gems and tomorrow, it will move up again....
Very impressive result and 3 cents dividend
any price below 0.70 is a good buying opportunity. set stop loss at 0.61 or 0.63 for those who don't like to risk too much. the " insiders/big players" have been buying since Apr 2011.
Uncle Ti 88
http://uncleti88.blogspot.com/
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I trade using simple moving average and Commitments of Traders Proxy (COT Proxy) + some other special ingredients that Colonel Sanders will be proud of.
I win some I lose some. But I make sure my wins make up more than the losses!
Bonus issue possible also.