Ex div on Thursday so all those wanting the divvy will hold/buy early in the week which in turn should tighten the registry for awhile. Others wanting to buy may wait for ex div and buy cheaper and skip this div. Either way, PLS should start to see a bit more strength in uptrend over the next 6 months. Next div (14c?) should give FY div of 25c which is 7% FF yield at current $4.50. And they are still racking up billions in cash and expanding.
On the div - those wanting to claim the franking credits gotta hold the shares for 45 days at risk - ie when markets traded - not including pub hols etc. Which should also help withdraw supply of shares. And when the div is paid, a few hundred mill $$ will most likely be buying shares. I will be adding the div amount I receive and match it. Im sure there are others intending on doing the same thing. If price is manipulated by beot, then I would expect prices to rise significantly before we receive the divvy, forcing that money to purchase the shares (off the beot) at higher prices. Time will tell.
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$3.05 |
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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52 | 473480 | 3.040 |
58 | 753937 | 3.030 |
59 | 383628 | 3.020 |
66 | 464407 | 3.010 |
Price($) | Vol. | No. |
---|---|---|
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3.070 | 313754 | 47 |
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