By its normal standards, trading volumes in Kingsmen's shares today were pleasingly high. 411,000 Kingsmen shares traded, with a few "meaty volume" trades done at the S$ 0.75 level (381,000 shares) and 30,000 shares changing hands at the S$ 0.755 level.
At today's closing price of S$ 0.75 and based on the last interim and final dividends, Kingsmen now trades on a dividend yield of 5.1/3%. I'm hoping we will see more than 2.5 cents as the final dividend come February next year - based on an expectation of a seriously good 2H 2012. Personally speaking, I still rate Kingsmen, given the quality and track record of its Management, as a buy.
Time will tell if those awaiting a share-price-pullback in order to initiate or add to their Kingsmen's holdings have missed out. Based on trading patterns today and over the last week or so, I sense someone is stake-building - i.e. picking up significant volumes.
Vested
At today's closing price of S$ 0.75 and based on the last interim and final dividends, Kingsmen now trades on a dividend yield of 5.1/3%. I'm hoping we will see more than 2.5 cents as the final dividend come February next year - based on an expectation of a seriously good 2H 2012. Personally speaking, I still rate Kingsmen, given the quality and track record of its Management, as a buy.
Time will tell if those awaiting a share-price-pullback in order to initiate or add to their Kingsmen's holdings have missed out. Based on trading patterns today and over the last week or so, I sense someone is stake-building - i.e. picking up significant volumes.
Vested
RBM, Retired Botanic MatSalleh