The stock market is a device for transferring money from the impatient to the patient.
Why must it be so?
Because the market wants to earn fast money
The market wants excitement
So no no no for all dull stocks
The value investor must then be the lone ranger
He buys during pessimism
He buys when others fear
He goes against human feelings
But he by virtue of being patient will finally get to earn &
Prevail while the other 90% impatient ones will eventually
Naim already proposed sale of 2 lands for rm340 millions
And in the proposal naim has stated that from the sale rm90
Millions will go for dividend which is about 18 sen a share
1) after egm approved all proposals then will come full
Payment from sarawak economic development
2) that will take one month
After that will come 18 sen dividend as proposed
It will take 12 months (can be earlier) for the payout (yield
Now many cannot wait that long because they are very
Impatient to wait that long
Go chase/punt/gamble hot hot stocks of the day???
Is there a certainty you will get 22% for all your effort?