We go ex-dividend on Friday (Sept 21). Some price pull back to be expected on the day, but I expect this will be a short term thing. Forward dividends ( annualized) should be between 4c to 6c depending on manganese price and the A$ exchange rate. This after allowing for 70% payout from profits as flagged already by Jupiter rather than the current 100%. Currently the manganese price is holding up well, there is no supply surge on the horizon from new mines or ramp-ups, in fact China as a significant past supplier is reducing domestic mine supply due environmental issues. I don't see the $A appreciating much in the short -medium term, and likely will maintain low 70's or even sub 70's especially if Labor looks like winning the next election ( due capital flight offshore). Even at the low-end assuming manganese prices fall back to historical averages and the $A moves up to 75c its still a 4c divvy annually, giving a yield slightly above 10% based on current share price. Any shares purchased ex-divvy if there is a short-term pull-back in price will enjoy an even higher future annualized yield. Assuming the manganese price remain roughly where it is currently and the $A remains in the low 70's, an annualized 6 cents divvy is entirely likely. On top of this, as we enter the ASX300 ( on September 24 I think it is) deep pocket funds/instos can buy-in to the stock, providing further share price support. So, overall, my view is any ex-divvy pull-back in share price on Friday will be short lived as it will offer excellent value to the retail sector and investment funds looking for good returns.
- Forums
- ASX - By Stock
- JMS
- Ann: Jupiter Declares 14.5% Yielding H1 2019 Dividend
Ann: Jupiter Declares 14.5% Yielding H1 2019 Dividend, page-44
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JMS (ASX) to my watchlist
|
|||||
Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $529.2M |
Open | High | Low | Value | Volume |
26.5¢ | 27.0¢ | 26.3¢ | $404.6K | 1.516M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 138232 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 466007 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107735 | 0.265 |
3 | 183500 | 0.260 |
2 | 111764 | 0.255 |
10 | 970401 | 0.250 |
5 | 287000 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 420874 | 7 |
0.275 | 1225000 | 4 |
0.280 | 240046 | 5 |
0.285 | 319282 | 3 |
0.290 | 534000 | 4 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
JMS (ASX) Chart |