That's exactly the point - they pay you a 'dividend' which is actually a return of your capital and that is reflected ion the sp going down.
You go nowhere but they charge you the management fee to do the illusion of giving you a return.
Humbug.
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if you look at the 5 year chart you will notice that the vast majority of the time has been spent at a higher price than 61....If it did get as low as this it has had the tendency to recover. if you ignore the highs and lows the average price looks to be about 68. Also it has produced strong dividend returns so IMHO its a buy (and hold). Other strident posters have been ongoing and relentless in their criticism...so be it. Results and money in the bank is all I care about...until they prove me wrong they are good to go. As always make up your own mind.
Of course ;he is one eyed with a 2 headed coin in his pocket and an allergy to curls and pearls:)
Could be share dilution as well when they issue DRP shares.
For the last dividend, 1,159,479 new shares were issued.
Whereas only 15,000 were issued from treasury stock.
1,174,479 total shares issued for DRP representing 0.97% of all shares.
Something else I noticed, they only recently started their stock buyback after no buybacks for about 3 months. So next dividend they will probably issue more shares from treasury stocks.
I think 61c is a good entry anyway and picked some up.
From late 2007 until now the share price is down 36.36%.
In the last 5 years the share price is down 15.5%.
In the past year the share price is down 12.5%.
No misinformation, Snapiti.
Good on you if you bought low in BRM, just as good on all those who bought up large after the GFC in various stocks - eg. THL has provided 200%+ return.
However, BRM has been a dog of a fund for investors and the only real winner every step of the way is the manager with the 'heads we win, tails you lose' fee structure.
You are of course welcome to crow their praises for them.
Dogs do bark at crows, you know?