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Trendlines to begin paying dividends, which could provide boost to returns

Michelle Teo
Michelle Teo12/11/2017 08:00 AM GMT+08  • 8 min read
Trendlines to begin paying dividends, which could provide boost to returns
SINGAPORE (Dec 11): The Trendlines Group’s announcement at end-October that it will start paying dividends in the next financial year could boost returns for long-suffering shareholders of the medical technology incubator. Those who bought into the stoc
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SINGAPORE (Dec 11): The Trendlines Group’s announcement at end-October that it will start paying dividends in the next financial year could boost returns for long-suffering shareholders of the medical technology incubator. Those who bought into the stock at its IPO in November 2015 have seen the value of their investments more than halve since.

Shares in Trendlines rose as much as 10% on the news, to close at 17.5 cents on Oct 30, but retreated to just 14.3 cents by Nov 23. They gained 10% again on Nov 28, following the release of a favourable analyst report. The stock closed at 14.5 cents on Dec 5.

Trendlines is an early-stage investment company focused on companies with innovative technologies for use in the medical and agricultural industries. It is based in Israel and has a portfolio of some 50 companies. Information on the company’s website says it has raised more than US$160 million ($216 million) in funding, excluding government grants, since it started in 2007. Late last year, together with German medical device company B.Braun, it established Trendlines Medical Singapore, a medical technology start-up incubator.

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