it is just a painful observation I had of SXE.
back in early Oct, SXE's share price was going up beautifully and hit 85c, kind of equal to an long-term high. then it went ex-Div of 4c fully franked. The share price then crashed to 78c, an annoying over-kill. Then, for the next few weeks it crawled its way up again.
When it finally got to 82c, I thought to myself, “it would be hitting a multi-year high now, if that 4c dividend discount got added back.”
But chartists, looking for technical breakouts don’t add back dividends, so SXE sat at 82c looking sluggish and pathetic.
But thankfully, it continued to crawl its way up some more and today it closed at 85c, equal to its multi-year high…
But, if SXE hadn’t paid that lovely 4c fully franked dividend, presumably it’s share price would be higher than 85c and technical traders would be all over it, salivating over its beautiful-looking breakout chart!
Stocks that don’t pay huge fully franked dividends don’t end up with messed up charts.
it is just a painful observation I had of SXE.back in early Oct,...
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Last
$1.56 |
Change
0.040(2.64%) |
Mkt cap ! $409.2M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.57 | $1.52 | $517.5K | 334.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1664 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 12086 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
0.040 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.57 | $1.53 | 50553 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| SXE (ASX) Chart |