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BCEL dividend payment vote today
Yesterday's markets were a mundane routine affair, with what appears to be friendly trades, passive selling all ignoring underpinning trading fundamentals. It's almost agonizing watching the stock prices resist the turnover signals for a price appreciation. EDL-Gen remained at 4,800 kip yesterday but could easily be well above 5,100 kip. Trick is to buy before it appreciates. As for BCEL when you consider the dividend proposed today it too should be at a higher intrinsic price level to reflect its true great business performance. It was last at 7,000 kip on Jan-31: A fall in volumes at the end of the week Pi Mai wouldn't surprise investors.
BCEL annual conference in Vientiane is scheduled today to approve the annual dividend.
As reported on Monday that equates to about 106 billion kip or 776 kip per share (+15.40% from the IPO Jan 11 2011, after deductions for profit tax, business development fund and annual bonuses for employees.
Today it is hoped BCEL with June 30 approaching, gains approval today to increase dividend payments from once to twice a year.
The dividend of about 106 billion kip is a fabulous return for investors, when compared to banks 12 months fixed deposit rates.
Today's interest will be the focus on BCEL's ex dividend stock price.
The scale of investment in the Lao stock market may not met government expectations, but it is a secure fledgling market investors can confidently be assured BCEL and EDL.Gen are both blue chip long term stocks to hold for both dividends and stock price appreciation.
It's never too late to consult your broker to buy in at current prices, the timing looks perfect.
Tale of the tape trading: In the first 9am close at LAO LSX stock market trading session was just as unpredictable as it has shown. EDL-Gen volumes surprised 18,771 stocks crossed matched in Mondays carry over trades but again unchanged at 4,800 kip for the 5th straight day. Another 1,000 shares crossed in the second session indicating some price resistance was occurring and that put pressure on the buyer's calls to attract seller's bids.
BCEL didn't figure yesterday no stocks matched for trades.
As for EDL-Gen 5k stocks made it in the 4th close then a healthy 15k of stocks trades made the intraday trades at 39,771 stocks by the 5th the last trade until the close, with EDL-Gen remarkably all unchanged at 4,800 kip.
Markets tumble on poor DJIA opening
VTTimes GLOBAL MARKET INTRADAY REPORT
The US$ slipped slightly on Monday.
Spain was in the headlines this week 1,600 firms were declared insolvent in Q! 2012 a rise of 12 percent YoY.
Markets yesterday tumbled following Wall Street negative leads as a result most opened 1 percent lower.
The US DJIA Dow index opened negative below the magic 3,000 at 12,929 points on Monday down 130 points, the S&P500 lost 15 points and the tech index the NASDAQ dominated by apple share trades lost 33 points.
Asian exchanges followed suite nearly all were down and in Europe the British FOTSE was up +19.9 points and the French CAC40 closed up just 6.34 points in late trading.
Markets in Hong Kong, Australia and Bangkok were closed yesterday for holidays. China's CPI YoY March figures rose 3.6 percent
The benchmark Shanghai Composite Index, A and B shares index rose 4.31 points to 2,306.55 on a huge turnover of 68.9 billion Yuan (US$11 billion).
CURRENCIES:
The €uro batted to stay above US$1.31and the €uro also dipped briefly below the 1.20 Swiss franc floor imposed by Switzerland's central bank to curb the soaring local currency, before firming back to 1.2020 francs.
The GBP£ held onto US$1.592 and the ¥en was stronger on a trade surplus to 81.20; the AUD held US$1.032 but no one was confident.
LAO Kip intraday exchange rates the LAK kip was steady at 7977 kip /US$1, the baht stronger at 258.80 kip / US$1, Against US$1-00 the €uro was down a little 10.448 kip, the GBP£ steady 12,487 kip, the AUD dipped to 8,093 kip, the CAD Looney unable to break 8,000 kip stayed at 7,878 and the ¥en a little stronger at 95.95-96.
METALS: Qatar is cashed up as a nation and has now become the 3rd biggest shareholder in Xstrata mining group with a US$1.7 billion buy up.
Gold / $US oz from US$1630.10 to its August 2011 support line US$1640,
Silver / $US oz .lost from US$31.730 to US$31.25,
Copper / $US lb went down from 3.7955 to US$3.7200 / lb, LME Copper down 2 percent in the futures markets held US$8361 / tn. Tin at YTD highs held US$23175 /tn. Rio Tinto value at AU$65.03 as too BHP AU$34.34.
OILS:
Brent Crude from US$123.43 down to US$122.67,
WTC Crude / $US brl and Nymex similar from US$103.31 to US$102.46 / brl
Selected stocks: PanAust PNA.ASX was down on poor volumes -2c to AU$3.05, NWT Newsat gained up 13 percent at new YTD high AUD$0.68c, ORD Resources a small gain to AU$0.029 and a bargain. OZL.ASX OzMineral out of favour lost 20c to AU$9.42. Murchison finally moved up to AU$0.47 after being stuck at 42-44c. Sundance stagnate at AU$0.44c but turnover is rising 3m intraday. Mount Gibson MGX.ASX doesn't get any more tantalizing than AU$1.075c intraday on 1.75m stocks their production is nowhere near as poor as the current stock price..
vientiane times
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