This is a short blog post on my observation that Mr. Market seems to be accepting the bad news regarding Vard Holdings' performance in 2Q 2013 rather calmly. Please refer to the comments section of my blog post on the company yesterday for discussion on its results.
Vard Holding's share price is at 84.5c, down 2.9% or 2.5c as of now. The decline is rather muted, I feel, to what is really a very bad quarterly report card. There seems to be quite a bit of support from buyers, actually. The news might refer to this as "bargain hunting".
It would seem as if Mr. Market feels that the current price level of the stock, for whatever reason, is a fair one at this point in time.
If Vard Holdings' share price should form a lower low, look out for a higher low in the MACD. I am not saying that it will happen but if it should happen, that could be a buy signal.
Related post:
Vard Holdings: Initiating coverage.
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Vard Holdings: Mr. Market is reacting calmly.
Friday, July 12, 2013Posted by AK71 at 4:35 PM
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Vard Holdings
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4 comments:
Do you think Vard will start paying dividend again come Q2 FY2014 ?
http://sgx.i3investor.com/servlets/ptres/6414.jsp
Hi betta man,
They could but I am not sure if they would. ;)
Hi AK,
I wrote to Vard's Investor's Relationship on whether they would declare dividend in Q2 2014 and this is their reply:
[In the 4Q 2013 presentation on 25 February 2014, VARD confirmed that "the long-term dividend policy of paying minimum 30% of distributable profits per annum remains unchanged". Nothing has been stated or decided with respect to interim dividends, so it is safer to assume that dividends will be paid as regular full-year dividends.]
So, I guess we can expect some dividend payout this year, but may not be in Q2 2014.
Hi betta man,
Thanks for sharing this. Appreciate it :)
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