I'm a self-funded retiree. Shares purchased via my SMSF attract no capital gains.
We're heading towards ex-dividend.
At the same time our 4 huge short lenders are engineering the share price up to (say $5.75) before commencing the next major short cycle.
So I plan to sell some shares at $5.75.
When PLS goes ex-div the share price will drop say 20 cents.
As soon as ex-div expires and I can repurchase I'll re-buy the shares I sold at $5.75 plus reinvestment of the promised dividend amount.
When PLS pays their new dividend there will be a tsunami of share holders wanting to reinvest and the share price will climb, possibly to new all-time highs.
It's not rocket medicine.
Strategy
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Last
$2.74 |
Change
-0.115(4.04%) |
Mkt cap ! $8.189B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.66 | $61.73M | 22.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 118323 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 238102 | 23 |
View Market Depth
| Last trade - 10.52am 15/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |