Well done , fortune favours the brave !
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I see that James Hardie is up 11 percent today. A nice boost for the portfolio.
IMHO again ....BRM warrants will do well ...hold till maturity ...will age very well till OCT 2024 :D
66c cum divided…..what does that do to warrants….??
Nothing at all. Warrants are a year away.
It simply means you can buy next year's warrant price shares today for a few cents more. Take it or leave it as you wish
Sellers at 64. The portfolio had a decent day on the ASX yesterday. Therefore probably well and truly within the buy back discount range.
Why would punters want to exit at 64. Maybe estate settlements or the likes.
My inaccurate tracking has yesterday's NAV at 0.6955 cum div which makes it 0.6811 ex-div today.
Less 6% is 0.6402 as the threshold for buy back.
However, today also starts the period of 5 trading days for determining the DRIP price for dividends -
I am not sure whether they are allowed to trade in their own shares in that period.
Net asset value $0.7007
https://www.nzx.com/announcements/422725