No, nothing like that. This is not a shady company with insider privilege. It’s a situation where a company with a high dividend yield is bid up by those attracted to that apparent rate of return. I find this amusing. Something isn’t worth more because it’s going to return something to you. 100k in your bank account isn’t suddenly worth 115k because you’ve decided to take 10 out in a week or two.
I was trying to work out in my own mind if the market upwards re-rate was due to the outlook after the half year report or because of the dividend yield, and in the last couple of days that question has been answered.
No, nothing like that. This is not a shady company with insider...
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Last
$2.08 |
Change
-0.040(1.89%) |
Mkt cap ! $320.2M | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.11 | $2.06 | $294.7K | 141.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14522 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.07 |
Change
-0.040 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $2.08 | $2.09 | $2.06 | 19914 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IGL (ASX) Chart |