Magic Software Enterprises Ltd. (MGIC)

[PennyWorld]

We'll see what happens to the PPS over the next week prior to the ex-dividend date and then after the dividend payment. I'm aware that some companies will sell shares to effectively pay for the declared dividend.

What we need here is another big gun rumored to buy out MGIC. That may give MGIC a very nice PPS lift. For the past year this PPS has drifted down and then floundered/flatlined. We needs some action. I remember owning this equity when it shot up to 9 bucks not too long ago.