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.
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 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| APA (ASX) Chart |