4.50 was an important level , on an upwards i say. big div to look forward to in the new year maybe even $5+
Agree. The illiquidity of this one can result in quite big daily swings, however with technical breakout it'll keep moving its way upwards. Good buying if it tests 4.50 again.
Sublime. Nothing like a large juicy treat right before christmas
nice xmas present from briscoes. treat there s/h well.
and it is easily payable from cash reserves. i had them at 100m cash by end of year but have to deduct subsidy payback and now special div should leave well over 60m cash still as back of envelope guess as i havntt fully updated my numbers yet. so im still wondering what briscoes will do with all that cash next year .... buy another company or return more to share holders
Actually Ex Div date is 23 Dec & Payment date is 20 Jan 21
nice div to come in march too normally they pay 12.5c so maybe 13c this time add to the 6c now thats nearly 20c off divs which is nearly 4% return for say 4 mths holding time ... very nice and throw in some capital gains hopefully very nice return in the next year
I'd been wondering what they were going to do with that cancelled dividend money given they've had such a good run during Covid. This also probably explains the jump mid-week in the share price - a few whispers likely got out.
Briscoes share price up nearly 25% since they said they repaid covid wage subsidy.
HLG on the other hand only up 10%
Made we wonder if the market is rewarding a good corporate citizen for repaying the subsidy ....enhanced reputation goes a long way ...and they outperform their peers
Just a thought
Whatever Rod keeping punters happy
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by bull....
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