Sell @ $0.76
Had been running up from low $0.6x since the results of Myanmar TELCO license was announced. The 2 winners of the tenders are customers of Neratel and there'd been a couple of analysts' reports that painted Neratel as a winner…. But, Neratel will also have to tender for any projects to supply the 2 winners. Another optimistic point in the analyst reports was the potential for an Special Interim Dividend due to a realised profit from their acquisition of Nera Malaysia. The estimate is $5Mil in cash or ~1.4ct.
Using Dividend Yield for valuation, my ideal price would be at Yield = 4% ie. $1. But, a more practical target would be Yield = 5% ie. 80ct. But, kia-su a bit, sell some first… 😀