Likely to continue to trend higher!
The current price of 43 cents is staying above its SMA lines plus MACD is still rising up nicely likely to continue to rise further.
Short term wise, I think it may likely retest the recent high of 44 cents.
A nice breakout of 44 cents plus good volume that may likely drive the price higher towards 50 with extension to 58.5 level.
Oil, gas and telecommunications operator CSE Global has posted earnings of $8.1 million for 4QFY2019 ended December, 60.1% up from the $5.1 million.
Final dividend of 1.5 cents was declared.
XD 12 June 2020.
Together with interim dividend of 1.25 cents. Yearly dividend of 2.75 cents looks rather attractive with an dividend yield of 6.3%.
A word of caution as the Free cash flow is negative.
Not a call to buy or sell.
Pls dyodd.
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