good to see we have some common ground the apprentice, I can't see significant falls in the coming days now the dividend has been confirmed, but I certainly agree it will rise leading into the ex-dividend date.
infact I see three types of investors likely to consider jumping into SSM over the coming days:
1. The short term traders preparing for the shareprice apprecitation heading into the ex-dividend date.
2. The yield chasers that jump from stock to stock in the weeks leading up to the dividend payment they will see SSM's dividend very attractive.
3. The value investors that have seen SSM oversold in recent times and can see stable earnings and dividends going forward as an attractive proposition for a long term portfolio.
I think one thing we agree on the apprentice the upcoming dividend will put a floor under the price and create opportunities for both traders and investors over the coming 3 weeks.
SSM Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
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