EHL held up nicely after ex div date. SDG dropped like a stone.
The difference is that SDG had queries and speculation that one of it's managers or directors in Dubai had been thrown in prison and charged.
Although this speculation was rebuffed by Sunland, there was enough speculation there to cause a lot of worry. Clearly the company is worth a lot more than $0.31, but the current market certainly isn't one for doubt.
I think if anything, the $0.03 dividend protected SDG from further falls.
For EHL, the dividend served to remind people of the quality and potential of the company.
Ask yourself - which story fits SSM better?
With increased government expenditure etc and protected revenue streams (long contracts) I think SSM fits the second story much better.
SSM Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
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