Any idea why the Barwa share price is getting hammered. Heard of the stories (mainly in the peninsula) of issues with the management of the Company. Anyone provide any further comments?
@ gulfa99, the principle of ex div does not apply since the dividend was a suprise announced at the AGM and therefore would not have been factored into the price. Secondly, the share has come down from plus 35 to 32 does not make sense with only a QR1 dividend.
Please explain why u believe the share price will go up when Barwa bank will list?
The stock is trading ex dividend. So if you bought the shares before AGM, you will get 1 riyal per share. Bi the way, this is your future stock, with the value of projects in hand, this stock should easily hit 90 riyals in 3 years time. I am a buying this for long term as the current p.e. is trading at a discount compared to other stocks. Once the property market picks up, you should see a big rally in real esate stocks.
Another factor is Barwa Bank going public by year end or last year which will push the stock price higher.
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@ gulfa99, the principle of ex div does not apply since the dividend was a suprise announced at the AGM and therefore would not have been factored into the price. Secondly, the share has come down from plus 35 to 32 does not make sense with only a QR1 dividend.
Please explain why u believe the share price will go up when Barwa bank will list?
Britex....heard that the new CEO has been fired as well.
The stock is trading ex dividend. So if you bought the shares before AGM, you will get 1 riyal per share. Bi the way, this is your future stock, with the value of projects in hand, this stock should easily hit 90 riyals in 3 years time. I am a buying this for long term as the current p.e. is trading at a discount compared to other stocks. Once the property market picks up, you should see a big rally in real esate stocks.
Another factor is Barwa Bank going public by year end or last year which will push the stock price higher.
Barwa is resource heavy and is going through restructuring. A new CEO is in place , so things should get better.