Thoughts on where this is heading this year? Thinking of ditching my holding and buying more growth stock elsewhere,industry looks tight to me but if $4.50 target gets hit could be worth holding?
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Thoughts on where this is heading this year? Thinking of ditching my holding and buying more growth stock elsewhere,industry looks tight to me but if $4.50 target gets hit could be worth holding?
Cheers Moosie,Yep was thinking of some more Sum or buying back some Rym,lm not relying on divvies to survive so looking to maximize return long term and growth stocks are in, there's also that Serko listing coming up that looks appealing,I've got enough dead money tied up in Dil so just looking to tweak things to get max benifit
I've always considered it a slightly volatile stock due to the nature of the main products it sells rather than defensive?
As a long term hold, slightly volatile is irrelevant. Much like my power shares, which have seen a destruction of wealth over the past 12m, people will still need electricity/petrol so those dividends will continue to flow.
In hindsight, I should have put more money into WYN,PEB,etc which are in the growth part of my portfolio but the plan is to be balanced.
Does anyone know the approximate dividend yield on these if purchased at $3.80, they have only paid 7 odd cents to date so 2% at the moment? Cheers
My broker has them at 8.1% Gross yield forecast @$3.73for this year and 8.7% for next. I bought for the longterm too.
My quick maths based on JT comment suggests that would require a 16c fully imputed final dividend.
And from the prospectus:
Quote:
The first dividend to Shareholders is forecast to be
$31 million declared in respect of profits earned in
the six-month period to 30 September 2013 and
will be payable in November or December 2013.
This dividend represents approximately 35%
of the total forecast year dividend, with the
remaining $57 million expected to be paid in
May or June 2014.
Duplicate .Harvey beat me to it:)
Turning into a good story from listing. Gone X 14.3c div 21 may and nearly back to pre div price already. Marsden Pt performance may be struggling tho.
Well my dividend is in my bank.
Seems to be trending down after failing to get above $4 again. Has hit the 200 day MA.
Disc: sold out last week to buy a new car. May look to get back in depending on how how low it gets.
Hey harvey if your car has a bigger motor then global warming coutas and you promise to fill up at Z I'm buying:).
The operational update just out looks stable albeit a little flat/down compared with same time last year.. Refining margin (mars den the problem child) way down mainly due to the shutdown however. Importer margins up nicely. Good to be cautious but its been trading rangebound for a little while. Will watch closely cheers JT
Even though I held Z shares I couldn't fill up there have to use BP for the 98 octane(Not a great fan of BP) my old T-Bucket used to run on half 98 and half Av gas sometimes it feels good to be anti PC in this modern age aye:cool: PS-Not sure if HS would want to be driving around in a motor bigger than 9.3 litres as a daily driver with only getting 4.5k/liter of fuel.