Glentel Inc GLNIF

Volume goes up since SPLIT!

[PRObono]

Notice how the volume has shot up since the split!  The big guys are loading up on Glentel shares for two reasons.  The yield has doubled because of the split, it is now 3.65% (.75 cents dividend divided buy $20.50 X 100), that's no peanuts!  If they give $1.00 per share in dividends this year that would give a 4.88% yield!  WOW!  When banks give what, 1.5%? 
Of course the second reason for the volume is the share value, I believe there is a 25% to 35% ($25.62-$27.67) potential $/share growth by the end of the year with all the incredible quarters coming up. 

It is still a very good buy!

PRObono

[m1ax]

GLN is a great stock, but the yield has not doubled because of the split. You have divided the dividend by two now that the split has been completed. Also, the volume has doubled because there is twice the number of shares on the open market.There is no free game on the stock market. A split doesn't change anything in a company's fortune. There are just more shares to divide sales

[PRObono]

Yes you might be right in a normal split with a normal company but this is Glentel, I beleive they will continue to give 14.75 cents per share going forward even with double the shares.  I also believe there is room for a special dividend, $1.00 might be too rich but $.75 is very possible and that's 3.65% yield! PRObono

[m1ax]

I am afraid that it won't happen my friend. I can assure you that you will receive half the dividend of 14.75 cents, which will be 7.375 cents per share. That's simply the way it works. And believe me, if you were to receive the same amount per share than before the split, management would have told you so in its news releases.As for the special dividend, management has already hinted that

[PRObono]

You're right, I've never had a stock split on me, thanx for clearing that up, in that case the bonus should be at least 20 cents or more, it could even be 30 cents.PRObono

[m1ax]

Well, in 15 years I have seen many splits and many special dividends. Believe me, they're fun to receive and very rewarding.

[segltech]

Don't forget that management owns over 50% of the shares and they love to receive as much in dividends as the cash flow allows as they do not sell their shares.

[PRObono]

You're right segltech, I never realized the skidmores can't sell their shares or they'd loose control.  Mr. Thomas Skidmore clearly said he wants to give out 50% of GLN profit in dividends.  I predict they will easily reach a profit of $1.50/sh this year and half of that is $.75/sh.  With a quarterly dividend of .7375 cents/sh = 29.5 cents total, that leaves 45.5

[segltech]

I really believe that the stock will reach $25 once the 2nd qtr results are announced or before. .

[PRObono]

I totally agree with you, I'm actually expecting closer to $30.00 or even more by year end.  They're expanding extremely fast in the states and they're always looking for other Diamondlike companies to buy.  Cellphone stocks are the best stocks to own right now with all the new technology.  We are just starting to see the whole desktop and laptop computer market

[PAGODA5]

And I shorted this stock at $20.50.  You must think it is screaming buy now