Still no news on the new JV with Sinopec and Maoming Mooring... Armenia still been studied.....We await word from the Monopolies commission regarding the waiver of rule 9. Its quite dull with no real news of sorts.....so would be surprised if it had investors running out to buy it today...:)
ok, we see a reduction in net profit but a healthy increase in assets primarily due to the shareholding in CGH. Del, would appreciate your comments on the figures when u have had time to digest them. Share price appears steady as I write.
Make it ex dividend at the close of business today ie before they "officially" announce it tomorrow if they do of course to reward long suffering shareholders and not the mm spivs who have been holding the shares back for years
I am certainly no expert and merely give my opinion on these boards like everyone else based on my own research and gained knowledge. But the bid is staying below 8.80p which I believe without news is a trigger for sells stop losses. The ceiling is been reached..slowly which indicates to me that MMs are unsure of news this Wednesday and dont want to trigger any large volume sells..just yet...not having absorbed millions this last few months..:)
We may have a surprise or two with this rns....hopefully...
I expect it will come with Wednesday's interim statement. it will most likely be treated as a one off divi but with the usual rules as with the full year divi..and subject to approval from general meeting to be held(not arranged yet). So going forward it may be announced in its own time for holders up to a period in the future and then it will go Ex Dividend on a certain date. Would imagine some are awaiting that clarification...
There use to be a decent run up in sp in the past but not sure that will happen this time... But we can expect updates on certain assets progression such as Bluesky division,Liulin ,Maoming single point mooring in particular. And our current position with CGH may have further clarification now that the deal has been approved... So hopefully a positive week. But 8.80p level remains tough to break through for the time been... When the bid gets above that I will feel more confident about prospects
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