I was thinking the same as you dmosmann, I bought a parcel equal to my holding today at 1.24 and was thinking of cashing in the gain on the first. Originally bought at 9.6 cents. And then getting the dividend on the second parcel, selling making a loss which would offset the first parcel
However, after a brief chat to my accountant as the holdings are in super, I am going to hold on till after franking credits are paid and available and will hold on for future dividend rather than cashing out.
But to correct the maths, the franking credits are 30 per cent, therefore 79 cents plus 30% or 24 cents 1.03 vs 1.09. However I think the NTA will be higher. I am tempted to buy more, but I was burned on the way down as well so I am quite wary.
My thanks and congrats to those who organised the resistance.
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