If you have been successful in Maxis IPO which is being listed on KLSE this morning, I am sure you are excited about the opening price. It's RM5.50! Of course, if you have paid RM4.75 per share for it, you would have gained a premium of RM0.75 already.
Granted, there will be people out to make a quick buck and selling their shares today itself, like I sometimes to with my other successful IPOs and gain a small profit on opening day itself but for Maxis shares, I think that this is a share worth keeping for long term. Even if the price doesn't skyrocket the projected dividend of 75% of profit is an awesome ratio.
In any case, if Maxis could perform as well as it did the last time it was public, I would be very happy already! I wonder if Maxis would be declaring a dividend for the end of 2009.
Granted, there will be people out to make a quick buck and selling their shares today itself, like I sometimes to with my other successful IPOs and gain a small profit on opening day itself but for Maxis shares, I think that this is a share worth keeping for long term. Even if the price doesn't skyrocket the projected dividend of 75% of profit is an awesome ratio.
In any case, if Maxis could perform as well as it did the last time it was public, I would be very happy already! I wonder if Maxis would be declaring a dividend for the end of 2009.
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