BCEL's half year net dividend yield rises to 5.3 percent
BCEL's half year net dividend yield rises to 5.3 percent
Thursday saw some shareholders take the opportunity to sell their banking stocks with some profit taking (short selling).
Above average demand for BCEL stock continued for a fourth day, but the mood of the market was changed by astute buyers who took the initiative yesterday snapping up available BCEL stocks now ex-dividend at 7500 kip.
BCEL in that first 9:30am session dipped -350 kip to 7,500 kip per share (400 kip below its 52w high) but it remains under valued when you examine its latest 2012 half year to date (HYTD) financial results.
Trading rallied until the 10:30 close but then completely tapered off.
Dividend yields are of importance as an investor's guide.
BCEL's fall in share price actually increased the half year (HY) net percentage dividend yield up to 5.23% (after tax).
That annualised is an investor incentive at just under 10.5 percent and much better than comparable bank interest.
With the BCEL fall the index shed to 1031.67 points and volumes dropped off from the 10:30 am close.
For a second time this week EDL-Gen with only 1k stocks Monday and 106k of shares in the past two days, was noticeably absent having no matching trades, but shareholders were content to hold stock, with no one willing to part with the stock at 4,800 kip just 300 kip below its 52w high. Today the electricity stock may field a slightly higher price.
Today marks the last trading day for August and the Vientiane exchange month to date (MTD) is enjoying an excellent Q3 as its best month in 2012.
vientiane times
