You bought into FEX for the dividend, correct?
What sort of dividend did you expect? I've posted many times that the upper limit to any dividend I expected was 2c, add 1c for franking, plus perhaps a few more exiting and you expect 3-5c drop in SP?
Hence in my scenario, the dividend alone cannot explain the recent drop. It has to be related to multiple variables.
As I eluded to earlier it's more complex that just the dividend.
Did people expect that JW would distribute >5.25c which is the maximum they have distributed thus far. Let's add another 5c for the same reason above (FF etc) and a 10.5c drop would be expected.
The high was 44.5c and it's now sitting at 24.5c. 20c > 10.5c, so what are the other variables?
Price of Iron Ore, page-1773
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 212408 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 18176 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |