Hey Roger,
Can you please expand on this bit? How do you come to this conclusion?
Cheers,
NBT
disc hold.
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Hi mate,
Broker consensus forecasts for FY16, FY17 & FY18 are for EPS of 4.4cps, 4.8cps and 5.1 cps respectively.
The majority shareholder needs a lot of those earnings each year by way of dividend to fund their balance sheet.
Hope that helps. explain it.
Cheers
http://www.4-traders.com/PGG-WRIGHTS...13/financials/
Nice bounce today from a heavily oversold position. Anyone who was brave enough to buy recently at 42.5 cents cum the final divvy is already up nearly 6% in a couple of days :)
should I buy before tomorrow 4:45pm to get the div? (just want to conform ;-)
Thanks!
Ex 28th friday so tomorrow last chance. But is the div a prop holding up the s/p? If so what happens when that prop is taken away in these volatile mkts.A bit irrational atm with great results still being marked down.
Certainly need to look at both sides and not pressure oneself into a weak position ( pant, pant mustn't miss out, must buy cum div). And what sentiment is in the mkts on the day etc. Been pretty spastic out there; .......knee jerks.
Sellers don't pounce.....buyers pounce...Also it doesn't matter what price you want to pay or sell for if the market pressures dictate something else. To make a highly generalized statement...more sellers than buyers will/should push SP down. In many cases SP will drop by the amount of the div after it goes ex-div. No-one in their right mind buys at a higher price than they need to...not even die-hard boosters of a share. Yes its a good dividend..I am looking at buying myself...but the dividend history is rather short and has been dropping. To insulate myself against further possible div drops and SP erosion I am trying to buy as cheaply as possible so am gambling that I can buy cheaper AFTER the div.. Notice I said gamble...cos that what it is. May or may not drop but in present climate I believe that its a strong possibility. There's plenty out there for everybody....you don't need to rush:)
Yesterdays close from memory was .435c. Today it says yesterdays close was .415c :confused:.
Wow...to quote a famous line from the movie Wall St, I sure went down the toilet on that ugly *****
Where too from here ?...I have no idea to be honest.