- Current Yield = 10.56%
- Price-to-book Ratio = 0.654
- Assets per unit = $0.219
- Debt per unit = $0.010 (including current liabilities)
- Gearing = 4%
- Secured NAV = $0.151 (105%)
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.
What is your thoughts in this Stock when SGX limit the minimum price at $0.20 next year?ReplyDelete