yes this is sought of the logic I am using, a $1 per share...

yes this is sought of the logic I am using, a $1 per share dividend going forward.

Buyers are sellers started balancing out, after the 2nd day morning drop (usually when a share misses forecasts and the share price drops on the day of announcement, it will continue to drop into the first hour or so of trade on the following morning).

We need to see how this trades into the close today, to see the wash through (many international traders settle most of their trade into the closing match, when around 30% of daily volume occurs, so its easier to achieve liquidity).




Watching this closely this morning and bought at $15.20, but only took a half position (0.5% of the portfolio).

The good news, the large fully franked dividend, the bad news, MMS has a reasonable probability of continuing to decline in share price once it goes ex-dividend.


Shorters will have an easier time once it goes ex-dividend, as the shorter will not need to forkout the dividend. We need to be careful of this.

Anyway in with a small position, and will continue to watch over the next few months.

If the share price can drop to around $13 something, I quite like it vs fundamentals and will start adding in a more serious manner.