If you want to play for dividend with low P/E, check Mtel HB or MYTAY.PK or WKN A0B8TQ (Magyar Telekom). Just paid 14% dividend. Price dropped to 350HUF (dividend was 50 HUF). Next year expecting to be reduced slightly, but still would be at least 40 HUF (around 11%) + EU Court ruling in 2013 can get back tax of 70 HUF per share, if they rule against Hungary (which they did already against France and Spain). Yields and inflation going down in Hungary and cental bank rate can be reduced further to 3.75% from current 4.75%, |