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NeraTel
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hikitty
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15-Sep-2006 12:03
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On 21 July 2007 DMG downgraded NeraTel as a "Hold" for its attractive dividend yield of 8.1% (it has been paying dividend for the past few years, which is higher than the prevailing fixed deposit rates) and possibility (should be payment, of course!!) of a special dividend arising from its divestment in NeraElec Announcement of the dividend should take place in March 2007.Most value or growth investors must have sensed its value as it has moved upwards (definite trend reversal from a low of 395 cents not long ago) from its then price of 405cents in July to 445cents (>10% within two months) as at today. Forecast profit for 2006 is $59 million (vs the audited amount of $15.5m for 2005) which should cause the share to move upwards from January to March 2007 It seems that its view has run contrary to its forecast!! Should we trust those analysts whose agenda is to shock weak holders into selling their Neratel shares? In short, to buy it low and then to ramp it up later for a good profit for their clients. |
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