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15-07-2020, 06:40 PM
#5991
Originally Posted by Beagle
I agree, its an excellent way to build wealth over the long haul and as you say, very satisfying to see your shareholding size grow.
On another subject, second day in a row that MET has seen nearly $50m traded and second day in a row where all the rest of the sector has benefited except RYM.
Sometimes the market seems quite good at pricing extra risk and this seems to be one of them. (Long second lockdown in Melbourne can't be helping RYM's profitability there).
So a good take up of DRP could encourage them to maximise divie (60%) - less cash to pay out ...more capital
Pity they’ll knock off the tax due on 3 cents before they calculate how many shares you get
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-07-2020, 09:21 PM
#5992
Originally Posted by winner69
So a good take up of DRP could encourage them to maximise divie (60%) - less cash to pay out ...more capital
Pity they’ll knock off the tax due on 3 cents before they calculate how many shares you get
I'm thinking they're more likely to be on the conservative side this time, and rather than focus on cps, think of it more as a % per share. With shares @ ~$1, a juicy dividend now is going to be a hard act to follow % wise on the next round when they are trading at a 30+% premium to today's sp ;-) That and they really need to keep something in the war chest should this covid thing get crazy. Of course those two scenarios would likely be mutually exclusive...
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16-07-2020, 05:33 AM
#5993
Originally Posted by Cyclical
I'm thinking they're more likely to be on the conservative side this time, and rather than focus on cps, think of it more as a % per share. With shares @ ~$1, a juicy dividend now is going to be a hard act to follow % wise on the next round when they are trading at a 30+% premium to today's sp ;-) That and they really need to keep something in the war chest should this covid thing get crazy. Of course those two scenarios would likely be mutually exclusive...
What war chest?
Suppose you mean borrrow less
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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16-07-2020, 03:24 PM
#5994
Member
SP has been slowly but steadily climbing, leading up to next week.
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16-07-2020, 03:45 PM
#5995
Member
Last edited by dubya; 16-07-2020 at 03:55 PM.
Reason: Grammar
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16-07-2020, 04:09 PM
#5996
Originally Posted by dubya
It's great isn't it?! I love the slow and steady; up two or three cents a day. OCA my biggest holding by a country mile.
I think a lot of MET money is coming over, and some bargain hunting too. In my murky crystal ball I see it heading up into the $1.20's (but that's a bit of wishful thinking too )
I'm in a similar boat (biggest holding). I'm enjoying the climb too, especially given I was able to get my average cost down to 85c during the SP plunge in March and we are well north of there now.
But don't get ahead of yourself. I thought 2 years ago that we had seen the last of prices under $1.10. How wrong I was! It is never real profit until it is in the broker account.
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16-07-2020, 05:31 PM
#5997
Originally Posted by Onion
I thought 2 years ago that we had seen the last of prices under $1.10. How wrong I was! It is never real profit until it is in the broker account.
Yeah, and then you'll wish you hadn't sold, as has been the case for pretty much everything I've let go of since late March! My consolation though is that most of the funds from other sales have gone towards accumulating more OCA, so swings and roundabouts
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17-07-2020, 07:16 AM
#5998
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17-07-2020, 07:26 AM
#5999
Originally Posted by King1212
What has that got to do with OCA? 🤔
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17-07-2020, 08:00 AM
#6000
Originally Posted by clip
What has that got to do with OCA? 樂
oca venturing into building bunkers for wealthy old folks lol even ones with a dementia room
one step ahead of the herd
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