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:)