A NIKL Ain’t worth a Dime Anymore

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PSEi added 34.27 points, NIKL disclosure

Philippine stocks closed higher on Friday, March 25, as traders bought index stocks in the oversold region. The PSE index closed at 3,875.81, up by 34.27 points. The actively traded index stocks were SM, EDC, MPI, MER, MBT and AC, where Manila Electric Company (MER) lead the gainers at +8.18%.


NIKL Cash Dividend

In line with Nickel Asia Corporation’s (NIKL) impressive earning’s, the board of directors has approved the declaration cash dividend at P0.35/share. From Nickel Asia’s Press Release, Nickel Asia’s earnings before interest, tax, depreciation and amortization (EBITDA) in 2010 increased by 138% to P4.26 billion compared to P1.79 billion in 2009. “The higher earnings performance for 2010 was the result of improved nickel prices combined with significantly higher sales of nickel ore, which enabled revenues to grow by 78% to P8.34 billion from the previous year’s P4.69 billion.”

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Please note that the Ex-date or Ex-dividend date is on April 6, 2011, record date is on April 11, 2011.  FYI, you need to buy the stock (NIKL) before the ex-date and hold it until the record date. Dividends are paid to shareholders who hold the stock on the record date. The cash dividend will be paid on May 9, 2011.

If you’re planning to buy NIKL, I’d suggest that you buy below 20.00, eg. 19.00, target price at P21.00 to P23.00, be sure to hold it until April 11 to profit from the cash dividend. I’m using the Bollinger Band on this stock to get the support and resistance of the prices. more info on stockcharts.com

NIKL - Nickel Asia Corporation

NIKL – as of 25 March 2011


Ok that’s all for now guys. You might also want to check my friend’s blog at aTimidTrader.com since I’ll be doing some guest blogging from time to time.

On a side note, a Nikl ain’t worth a dime anymore, it’s now worth P20 per share. 😉


Warning: Before buying any stock, please see Risk and Disclosure.

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