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26-09-2015, 02:47 AM
http://infopub.sgx.com/FileOpen/MIIFNoti...eID=370745
Final distribution of 8.2714 cents. This marks the end MIIF though its successor lives on in the form of APTT.
Just for academic purposes, I am going to do a rough computation of shareholders' return since it listed in 2005.
IPO: $1.00
Dividends Per Share: $0.513
Capital Returns Per Share: $0.633414
Net Gains: $0.146414
Hardly an adequate return over the past 10 years. Annualized returns is likely to be around 1% p.a. It pays to understand why any investment is trading at a high yield. Often, it comes with risky assets, unstable cash-flow or high leverage. Be mindful of the risk.
(Not Vested)
Final distribution of 8.2714 cents. This marks the end MIIF though its successor lives on in the form of APTT.
Just for academic purposes, I am going to do a rough computation of shareholders' return since it listed in 2005.
IPO: $1.00
Dividends Per Share: $0.513
Capital Returns Per Share: $0.633414
Net Gains: $0.146414
Hardly an adequate return over the past 10 years. Annualized returns is likely to be around 1% p.a. It pays to understand why any investment is trading at a high yield. Often, it comes with risky assets, unstable cash-flow or high leverage. Be mindful of the risk.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.