Global Investment Limited is one of my anchor investment with slightly more than 563,000 shares worth almost $80,000. I have continued to increase my investment lately with a purchase of 135,000 shares at $0.14.
In August, they announce their scrip dividend issue which I have participated. For a total of 404,000 shares, I have obtained about 23,000 shares worth of dividend. If I divide 23000 by 404000, it translates to a yield of 11.3% which is much higher than the current yield. To me, it seems more like a deposit account with 11.3% interest paid semi-annually especially when its capital appreciation/depreciation is about 0%.
In the end, I am still looking at this counter for stable and predictable returns which suits my appetite and risk.