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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (37936)	5/18/2010 12:34:56 AM
From: E_K_S	Read Replies (1) \| Respond to of 78750

Hi Spekulatius: One of the reasons I started to build a position in Nobel Group was their large annual dividend. It appears they just pay it in extra shares issued. I guess this works as long as they continue their double digit growth. I do get charged by my broker a fixed flat fee of $15.00 each time I receive new shares (ie buying new shares or receiving "script"). Therefore, I hope I earn enough in new script to cover my brokerage fees. EKS Noble Group off 37%; trades ex-bonus, dividend theedgesingapore.com Noble Group (N21.SG) gaps down at opening, last off 37% at 10-month low of $1.88. Investors buying shares from today no longer entitled to supply chain manager’s bonus issue of 6 shares for every 11 shares held, as well as scrip dividend amounting to US$0.036/share ($0.05/share), according to Dow Jones. Still, pullback may be good time for investors hopeful of Noble's long-term prospects to start accumulating as fundamentals remain sound, evident in recent 1Q10 results, with net profit +28% on-year at US$115 million as revenue reached new quarterly record. Orderbook quotes suggest price may hold above $1.80.