Hi joewolf, just a quick calculation. SWM paid a FFD of .45 cents.
Even if you halve the dividend to .225 cents and divide it into the current share price it still gives you a dividend yield of around 7.75% plus with franking credits yielded up returns 11.07%.
I hold over 20,000 in my smsf and will still hold as nobody at the moment is going to offer you 11.07% in a fixed term deposit.
Anyway just my opinion, I feel the selloff has been overdone and is a great entry point for a reasonably quick profit or long term hold.. Saw it all recently with QBE and look at its price now.
Regards a13
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.0¢ | $175.5K | 998.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14695 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 616663 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14695 | 0.170 |
12 | 699453 | 0.165 |
6 | 369679 | 0.160 |
4 | 563000 | 0.155 |
6 | 34650 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 479914 | 11 |
0.185 | 473563 | 9 |
0.190 | 586936 | 9 |
0.195 | 257027 | 5 |
0.200 | 168610 | 7 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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SWM (ASX) Chart |