2nd position bought this morning at $7.25.
a)The Victorian government has announced they are abandoning their plan to ban gas for residential households:
b) It looks like the market has, at least temporarily, washed through the earnings miss. Share sales declining, and buyer support emerging.
c) The 58c + 3c franking credit = 61c total gross dividend for FY25. This equates to a gross dividend yield of 8.4%, good enough for me with interest rates to decline next year (just a matter of when, not if). Importantly in my opinion dividend is sustainable, it will just not grow very fast. But at 8.4% i don't need dividends to increase fast, the 8.4% is attractive already.
Hence in now with my second position, 2% of the portfolio.
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2nd position bought this morning at $7.25.a)The Victorian...
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Last
$7.37 |
Change
0.140(1.94%) |
Mkt cap ! $9.458B |
Open | High | Low | Value | Volume |
$7.23 | $7.40 | $7.23 | $26.61M | 3.626M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7473 | $7.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.38 | 5050 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7473 | 7.360 |
3 | 4743 | 7.350 |
8 | 33697 | 7.340 |
4 | 34198 | 7.330 |
4 | 36038 | 7.320 |
Price($) | Vol. | No. |
---|---|---|
7.380 | 5050 | 2 |
7.390 | 4364 | 5 |
7.400 | 15185 | 1 |
7.410 | 35898 | 3 |
7.420 | 20065 | 3 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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APA (ASX) Chart |