The results don’t seem very promising to me. Feeling a bit down. 😢 I just purchased 6,000 shares yesterday at $17.68...
The performance is mostly being dragged down by GEH. Well, let’s see how things unfold when the market opens.
On the bright side, the dividend looks decent at $0.41 + $0.16 special dividend (Note : this $0.16 is 10% of the full-year net income, not half year income).
So, for next year, FY2025, the forward dividend could be approximately $0.41 + $0.41 + $0.16 = $0.98, unless their insurance business turn around.
That’s only a 5.5% yield on the shares I bought yesterday. A few tears are welling up—looks like I’ll be facing some paper losses today.
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Buy for long term hold. It does down fast...but it rises faster, at least for local banks.
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