re: looks set to fly
The directors of City Pacific Limited announced that a final dividend of 34 cents per share, fully franked, would be paid on 31 October 2006. This will bring the full year dividend to 45 cents, fully franked. The shares will trade ex dividend from close of trade Monday 16 October 2006.
2 weekes before fully franked 34c divi
From Nick Radge
“I liked it 4-months ago and it’s getting better by the week. A very strong break higher a few weeks ago, moving above minor resistance and doing so with high volume accompanying. This week’s strength is placing the $4.75 resistance level under pressure, although I’d expect it will give way and open the door to the expected move to $6.00 (see below). As stated in that last review, the upside potential is very large - well beyond $6.00. The fundamental numbers also remain very positive; 5-year annualised return of 93%, a PE sub-10 and a fully franked dividend of 9.8%. Strong technical, strong fundamentals.
CIY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
