Research Notes
Silvinit dividends: a bonus to undervalued shares
| 24.04.09 |
Available data on the company’s net income for 2008 and the current market price of its preferred shares suggest a 13% dividend yield on the shares. Given that the shares have a large upside potential, and that hefty dividends may be paid, we assign a BUY recommendation on Silvinit shares.
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Sectors: Chemicals & Petrochemicals, Mineral FertilizersCompany: Silvinit