With a dividend yield of 2.5% (3.6% with franking) the share price will struggle to get higher than $20 with the short term buyers. You can get that yield in a bank account now. I know they are still doing the buyback however that means nothing to the short term investors who currently control the BSL price and are looking for a quick turnaround and quick profits. I'm hoping BSL can consistently make around $600M EBIT from the Australian business which will mean they will pay around $180m in tax in Australia which in turn allow BSL to payout a franked dividend of around $A1 per year. If that happens the share price may move higher. IMO
As I'm in retirement mode now, BSL is probably the first shares I will look to sell once I need to generate cash as I see better dividend yields in my other shares.
BSL Price at posting:
$19.99 Sentiment: Buy Disclosure: Held
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