Media Chinese International Limited is a leading Chinese-language media platform formed by the successful merger of Ming Pao Enterprise Corporation Limited, Sin Chew Media Corporation Berhad and Nanyang Press Holdings Berhad.
Yesterday Media Chinese(SinChew) announced giving out 41c special dividend, it up 30c with 35353100 shares traded, today drop 14c 5039200 shares traded . Media Chinese Int par was 10c with NTA of 76c yesterday high was 1.65, it highest was 1.65 to same as 2/2/2007.
Before she Change her name to Media Chinese was name Sin chew 50c share, on 10/4/2008 Sin Chew suspended till 30/4/2008 open under the name of MediaCh 10c share, 36657500 traded open price was 1.09 to as low as 84c. from Sinchew to Media 50c to 10c, during that time must have lot of positive or good new to create the volume but price drop to as low as 51c. Now announced give 41c create a 35353100 shares traded price up 30c, will history repeat ? after the dividend drop to Rm1.00 or lower ? In my memory there was a company gave beautiful dividend after X price double than the dividend paid. This should be a way of game play by big boy too.
Thursday, July 19, 2012
