Frencken is among a handful of exciting penny stock plays – just look at the jump in volume last Friday to 1.02 million shares compared to 123,000 & 177,000 the 2 days before. As a result, we get a 2 cent jump on Friday to 31 cents. The stock had been stable at 29 cents for quite a while prior to this.
Consolidation of course.
I think Frencken has become a target of those who fancy tech stocks which have not moved much in recent weeks & months.
In this category, I have already picked Avi-Tech also as a potential winner in the semiconductor category, If you’re among the supporters of Avi-Tech, you’ll agree that the fundamentals are strong and the prospects outlined by the management in its results announcements are credible.
Final dividend coming is 1.44 cents, so the yield is 4.4% cos the stock price is 33 cents. the dividend will represent
approximately 30% of the Group's net profit attributable to equity holders in FY2010.
Dividend for 09 was 0.74 cents.
If they keep up this sort of dividend, the stock should be ok.
