Kuwait-Mubasher: MubasherTrade Research issued a rating statement on Humansoft Holding, advising investors to “Sell” or at least reduce their positions.
The recommendation was given to Humansoft Holding stockholders “who are not comfortable with the ongoing situation” to guard against the illiquidity of owning privately-held shares.
“We note that the stock might rally if management takes back their proposal just like they did back in November 2015,” according to the report.
Dividend distribution is expected to be announced in March, with estimates of 12% yield.
“Humansoft’s current price is around 18% above the price where we initially picked the stock,” MubasherTrade Research said in a report.
“Humansoft is an industrial company and delisting would not have a negative impact on the stock market,” according to the report.
