Second Dividend in Short History Impresses
For SLReports.netMilos Designs (MLS : SLCAPEX) continues to impress market participants and investors with it's second dividend paid in it's short history yesterday.
A dividend of L$0.016424 was distributed to shareholders, for a total of L$0.0491745 in it's first two months of trading. This earns Milos Designs a Luminos Dividend Rating of 2-Stars, which is awarded for securities that pay a dividend in 33% of the months in the previous 6 months or of the applicable period (two months in MLS(SLCAPEX)'s case), and not necessarily the last month. MLS(SLCAPEX) is currently on pace to join the exclusive group of securities that have earned a 5-Star Rating in their first 6 months.
Sportsbet Writer was the first to congradulate CEO Firstdesigns Milos on the accomplishment, "Great Job ,Milos! Good Company and CEO, solid business backed by a healthy cash position, nice dividend even in "hard" SL-Times...Good i picked up some shares and i´m ready for more. MLS`s going to be my favourite stock here."
Gordon Wendt echoed the thought that many have no doubt had, "Now after two months of dividends and a 33% increase in share price I'm really wishing I had bought more."
Andy Grant added his insight on how MLS(SLCAPEX) could improve profits and raise dividends further, "The only thing wich could make MLS better is if the cash would be used for something better than look prety...Lindex provides an annual ROI of ~80% without beeing any risk involved, wich isn't bad. Alternatively MIF provides ~43% YTD return wich isn't far off neither, but involves some risk. The difference would be, that MLS would be able to pay a monthly dividend of 0.06 to 0.10 per month instead of 0.016-0.032."
MLS(SLCAPEX) has a 30 day rolling share value of L$1.14 and a 30 day rolling volume average of 8197 shares exchanging hands per day. MLS(SLCAPEX) has closed the last two trading sessions at an all-time high of L$1.33, a 33% over IPO cost.
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