SINGAPORE (Dec 8): The Trendlines Group’s announcement at end-October that it will start paying dividends in the next financial year could boost returns for long-suffering shareholders of the medical technology incubator.
Those who bought into the stock at its IPO in November 2015 have seen the value of their investments more than halve since.
Shares in Trendlines rose as much as 10% on the news, to close at 17.5 Singapore cents on Oct 30, but retreated to just 14.3 Singapore cents by Nov 23. They gained 10% again on Nov 28, following the release of a favourable analyst report. The stock closed at 14.5 Singapore cents on Dec 5... (Click here to read the full story.)