I have given above this the dividend payment of Asia Enterprises over the last six odd years.
They have developed from a small distributor to become a major Singapore-based distributor supplying a wide range of steel products and providing value-added steel processing services to industrial end-users in Singapore and the Asia-Pacific region.
Looking at the dividend distribution pattern as well as the book value growth, they are worth at current dates between 16 to 17 cents a share.
The share price is currently around 23 cents a share.
That is roughly around 40% over-priced.
I would recommend that you keep this on your watch-list and include it into your portfolio, if and when it drops to below 15 cents a share for a long-term position.
If you are looking for a trading idea, it will drop to around 20 cents a share in November or thereabouts.
Look to enter around 20 cents and exit around 27 to 29 cents a share, which it will normally hit before it goes ex-dividend in May.
Here is a link to the company