I'd say we will see a bounce up a bit about Wed to Fri then next Monday when we see what I suspect will be a $2.25 divvy
then the stock will rise by $2 then give it a few days to a week then watch it drop like a brick until the pay out then it rises again.
This happens every six months without fail. Go back how many years you like.
Here a small graph below with red blobs to mark the divvy cycle.
I see it dropping down to about $15 two weeks before pay out then after pay out it will get back to the $25 to $27 range again.
Normal course of events going on at present.
Declaration Date ???, page-8
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |