MEGB worth to buy???

13 cent dividen

14.64 /1.07 = 13 % return in 2 months

Masterskill up on interim dividend
Business & Markets 2012
Written by Surin Murugiah of   
Tuesday, 29 May 2012 10:31

KUALA LUMPUR (MAY 29): Masterskill Education Group Bhd shares rose on Tuesday after the company declared a first Interim single tier dividend of 14.64 sen per share of 20 each totalling RM60.01 million for the financial year ending Dec 31, 2012, to be paid on July 3.
At 10.17am, MEGB was up seven sen to RM1.08 with 773,100 shares done.
MEGB posted a net loss of RM2.92 million for the first quarter ended March 31, 2012 from net profit RM22.59 million a year earlier, due mainly to lower student enrolment as a result of high level of competition in the market.
The company said on Monday that its revenue for the quarter fell to RM44.11 million from RM73.68 million in 2011.
Loss per share was 0.71 sen compared to earnings per share of 6 sen, while net assets per share was RM1.25.