What is next motivation to the price if the sale of land successful (now pending finalisation of payment according to the latest bursa announcement)?
Estimated 3 cent dividend given, translate to around 8% to 9% dividend yield (based on price 0.33). Still a better than savings in the bank.
Debt of the company will reduced substantially. Gearing will reduced to minimum 0.01.
The price likely reflect positively with this corporate exercise news.
This big gain is only one time off gain and not recurring unless another land sale again as the company has big land reserve.
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