Australia's largest stock trading and investment forum Australia's #1 stock forum

LFS

Click for more information

0.43%

$1.16 latitude group holdings limited

thanks for explaining that mate, much appreciated.

First 11 Last

Share
Profile

Follow
Eqz

3,397 Posts.

1112

18/02/23

07:30

Post #: 66322363
Share

Originally posted by mooroolbark: ↑

Hi Eqz.
I don't hold shares in LFS at the moment, though it's on my shortlist.
The next distribution amount (just announced) is 0.04 per share, so not sure where the 1.377 figure came from. As you said, that would make no sense.
LFSPA is a convertible note issued by LFS at 100.00 per note. It pays 4.75% interest based on that par value of 100.00, so with the notes actually trading at only 94.25 at close today, the interest rate is even higher. Buying some of the convertible notes might be a safer dividend play for you than the shares, because the interest payment on the notes is guaranteed to be 0.0475 per annum, whereas the dividend from the head shares is not guaranteed. However, as it currently stands, the yield on the shares is higher and who knows? Maybe it will stay that way.
Best of luck with your investing.

Expand

thanks for explaining that mate, much appreciated.

LFS Price at posting: $1.29 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

The Rising Tide: How institutional adoption is shaping the future of crypto

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 4 more messages in this thread...

First 11 Last

Add LFS (ASX) to my watchlist

(20min delay)
Last $1.16		Change 0.005(0.43%)		Mkt cap ! $1.206B

Open	High	Low	Value	Volume
$1.16	$1.16	$1.16	$1	1

Buyers (Bids)

No.	Vol.	Price($)
2	20000	$1.15

Sellers (Offers)

Price($)	Vol.	No.
$1.16	32219	5

View Market Depth

No.	Vol.	Price($)
2	20000	1.150
1	616	1.120
2	4699	1.100
1	5000	1.000
1	2500	0.970

Price($)	Vol.	No.
1.160	32219	5
1.165	570	1
1.170	280839	4
1.175	3000	1
1.180	2127	2

Last trade - 10.04am 28/08/2024 (20 minute delay)

LFS (ASX) Chart

SPONSORED BY