Monday, July 11, 2011

AT 3.19 Jerneh is a good bet

Jerneh looks a good bet at RM3.19 per share. It is paying a dividend of not less that 1.87 per share soon. Later on it is likely pay a capital distribution of RM2 per share. At the present price of RM3.19 per share, you have a good chance to make about RM680 before expenses and tax if you buy 1000 shares now and keep them for the next few months.

As at Dec 31, 2010, its NTA per share was RM3.91 per share. No matter from whatever angle you look at it, there is money at Jerneh at RM 3.19 per share.

Nonetheless, nothing is certain in the stock market. If you like calculated risk, this is a good one for you.

As usual, you buy at your own risk absolutely.