Tomato Technologies profit last quarter, factoring international explosion of sales, looks like earning 6c per share. This means that the dividend based on anapprox value of 40c per share will pay around 10% fully franked dividend. This share is currently an outstanding buy. With their AGM due at the end of the month, expect more good news to follow, as the stock will be the highest paying on the Australian Stock Exchange. This should cause the price of this share to double or even better. (posted earlier on ASX - General).... For those of you who have bought stock and are prematurely concerned:
If you get out at the same price that you bought, you still would have done well. However, as anyone who understands the stock market would also understand, when 10% dividends are paid, the price of the share goes up. This is not genius stuff, this is simple mathematics, and common sense. Take advantage of it while open.
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- great buy @ 34c before dividend
TMO
tomato technologies limited
great buy @ 34c before dividend
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