Buy @ $4.80
Having spent so much time to add to my previous post in kinv blog (got a bit unnerved by the non-stop selling at lower prices) over the weekends, it seems a shame not to buy more… 😀
Q4 Results was announced after mkt close (earlier than last year which was on the 15th). A pleasant surprise to see a Special Div = 5ct, which is quite close to my Best Case of 6ct. Final Div = 13ct was lower than my Estimate of 14-14.5ct but the reduction was partly due to a lower Payout Rate of 83.75% (vs 89.75% last year). Cash = $536Mil was $4Mil higher than my estimate… The forward statement is quite vague and I think I'll sell before xd, sometime in end-Jul.