Viz Branz

[Dodo]

Just checked my bank account and noted a very nice credit from Viz Branz's 'upsized' $0.02/share 3rd Interim dividend. Can't be happier!

I think it is relevant to note that international coffee prices have continued to trend downwards - the current downward trend actually first started in May11, after coffee prices hit record levels in Apr11 (as reflected by the highest ICO composite indicator price of 231.24 U.S. cents per pound recorded) - losing another 11.4% since 1Mar12, as indicated by the latest (as at 22Mar12) ICO composite indicator price of 158.98 U.S. cents per pound.....
http://www.ico.org/prices/pr.htm
Such a big drop in coffee prices has to be a boon to Viz Branz and others selling coffee products to the consumer and institutional catering markets, including into the forseeable future.

Meanwhile, Viz Branz's share price has stabilised further, as indicated by the narrow traded price range of $0.44 - $0.48 this week (19Mar to 23Mar12) and yesterday's (23Mar12, Friday) closing price at $0.465, backed by a steady but higher-than-average daily volume traded. Since 1Mar12, Viz Branz has recorded a total volume traded in excess of 28.5m shares, or approx. 8.05% of the total outstanding 355.0m issued shares. This unusually high volume traded has to indicate something?!

Don't see any announcement of changes in shareholdings by either Senior Chng or Junior Chng though. A third force? Or using "friends" to warehouse?? Who bought the 11m shares??!!