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
$20.77 |
Change
0.670(3.33%) |
Mkt cap ! $64.35B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.60 | $178.6M | 8.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 13876 | $20.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.77 | 616 | 4 |
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| Last trade - 12.52pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |