1. DiGi declared a dividend of 75 cents, but I checked in Bursa Malaysia web page, it didn't stated which the payment / lodge date.
2. I have done a basic calculation
By taking yesterday closing price for BAT at 45.40 and DiGi at 21.80....if the same amount of money e.g. RM20,000 invested into both counters....., total units hold for BAT = 440.53 and DiGi = 917.43 (let's assume we can hold by fraction of shares).....
Then with DiGi recent 75 cents dividends payment, one would get 917.43 shares x 0.75 = RM688 as dividend of holding DiGi
If the same amount of RM688 were to pay to BAT holders, so for a total units hold for BAT of 440.53 shares, the dividends need to be paid by BAT would be at RM1.56.....
So in summary
Paying RM20k of Digi hold 917.43 shares, and with 75 cents dividends, get RM688
Paying RM20k of BAT hold 440.53 shares, and with 156 cents dividends, get RM688
If DiGi, projected to pay 180 cents dividend in a year, below is the summary
Paying RM20k of Digi hold 917.43 shares, and with 180 cents dividends, get RM1651
Paying RM20k of BAT hold 440.53 shares, and with 375 cents dividends, get RM1651
Thus BAT need to payout RM3.75 as dividend in order to equal to Digi payout of RM1.80
However, based on past many years, BAT normally paying less than RM3.00....
Conclusion:
It means that DIGI is a good buy compare to BAT, if DiGi projected to payout RM1.80 dividends...
Am I right ?????
Nov 12 2009, 06:23 AM
Quote
0.0433sec
0.33
7 queries
GZIP Disabled