Nah, I dont believe the recent share price fall these past several days is related to going ex-divvy. The ex date was March 13 and it took a decent fall into the $5.20 range as expected on that day and stayed down there for a while Then on April 6 is started its move up from there to 5.80's . That started although the coal price was not moving much. Yesterday it continued falling while the ASX was up over 100 points or so, and coal nudged up a bit. It was the only red stock on my extensive watchlist. So the price behaviour suggests something else. One thing that comes to mind is maybe Cinda is off- loading more. We are getting closer to the required 30% free float requirement to enter ASX300 and Cinda as the 2nd largest holder has been selling down as confirmed in their past two substantial holding announcements putting us much closer now to the 30% mark. The other possibility is a sell down by dividend strippers as traders exit after their 45 day rule is satisfied in order to get the franking credits. I expect the price to fall back into the 5.20's over the next month or so.
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Nah, I dont believe the recent share price fall these past...
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$5.70 |
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Mkt cap ! $7.526B |
Open | High | Low | Value | Volume |
$5.65 | $5.73 | $5.64 | $6.697M | 1.177M |
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No. | Vol. | Price($) |
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1 | 2250 | $5.69 |
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Price($) | Vol. | No. |
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$5.71 | 8585 | 3 |
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No. | Vol. | Price($) |
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2 | 4402 | 5.680 |
1 | 453 | 5.670 |
3 | 7250 | 5.660 |
3 | 10753 | 5.650 |
3 | 15442 | 5.640 |
Price($) | Vol. | No. |
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5.710 | 3585 | 2 |
5.720 | 1300 | 2 |
5.740 | 2657 | 3 |
5.750 | 24650 | 5 |
5.760 | 3980 | 2 |
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Change
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