Technics Oil & Gas

Corrected to 94.5 cents. Buying Opportunity?

Still at 94.5 cents -- worth a buy considering that Robin & David bought recently near $1.00

Another dividend! 3 cents a share.

These guys at Technics are the most generous! Of course, they also benefit as major shareholders......

From AmFraser report:


Technics released a set of excellent 3Q results yesterday and met our expectations of 12c dividend this year by declaring the last 3c. At the current price of $0.965, this translates into a full-year yield of 12.4%. Looking forward, we expect a further 8c for FY12, and including price appreciation to our FV, total return is 34%. Technics ranks high on our stock picks for its high dividend yield backed by strong core operations

Corrected to 91.5 cents. Buying Opportunity?

Based on AmFraser report (see below), Technics has signalled to the market that it is planning to pay out 8c in dividends for FY12.

Stock now at 91 cents, which is going to prove to be a bargain becos of the yield alone ... that's 8.8% yield.

There is a 3-c payout coming soon (from its 3Q result), and nothing for the 4Q. Technics is one of those weird companies that dont want to pay final dividends which take too long to dish out cos of the need for shareholder approval at AGM. So they pay in 1Q, 2Q and 3Q --- hahahaa... clever!