Aluminum Corporation Of China Limited Message Board

  • h_freedman h_freedman Aug 19, 2008 10:02 AM Flag

    get ready to load up

    we are under 20 heading for 15. 15 has
    to be near the bottom. perhaps 10 or
    7 is the bottom. so what. 5 years
    it will be a 50 dollar stock.
    pretty soon it will be time to bet
    the farm. at 15 it will be paying
    a divd of over 5% that should limit
    more downside.

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    • My friendly advice is don't load up until after the 1H announcement on 8/30.

      Your 5% dividend expectation isn't something to gloat about. 1H08 earning was warned to be down more than 50%. I'll consider that positive news if it is only down 50%.

      BTW 2H07 2600.hk dividend went down to 5.3 cents RMB from 2H06 11.5 cents, and 1H07 15 cents. You'll be lucky to get 4 cents 1H08.

      Y08 yield is more likely to be something close to 2% or less, base on the ADR ACH price of 20.

 
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