Think there might be a bit of tax loss selling going on. The ATO is having a crackdown on the practice of crossing or selling to create a loss and buying back almost immediately. The loss is only going to be allowed if you stay out of the stock for over a month. Maybe some are thinking to buy back at the end of June when the last minute rush for tax losses usually happens. But who has made a profit this year? Might not be that that many. Shame to miss out on the dividend.
Rang the investor line yesterday and they said about 8c scheduled for this year so looks about 4c ex on 25 June approx. At these prices thats about a 10% tax deferred yield just from the interim. Though I'd missed out on the chance to get a few more at the old super discount levels. Awesome yield on a cfd long.
AEZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
