Well, things are definitely on the up, SP touched $0.48 today, a nice increase since a low of 0.38 a couple of weeks ago. From the chart, it looks like it will consolidate at 0.485 for a short time, as it churned around there for a few weeks back in September, and it looks to be a level of both support and resistance over the last 12 months.
My guess is its getting close to distribution time, and even at a 0.48 SP, the distribution is still 12.5% fully franked, which is about 18% gross. I think its the best yield return in town from a quality company.
My prediction is it probably won't consolidate for too long at the 0.485 level because instos in particular will accumulate a parcel to grab the high yield, so this will drive the share price farther upward until EX-DIV date.
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Last
6.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.754M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45000 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 8216 | 1 |
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| Last trade - 12.05pm 16/07/2025 (20 minute delay) ? |
| OAK (ASX) Chart |
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