div sell off help, page-4

I don't see CSL as a Div Play and the $0.40 drop should only be for a few days.
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Exactly!

Have a look at it from this perspective.

10,000 units for instance at $30 avrg. price
Div = $4000
If you sell it today @ $34.20 you have made $42,000 profit
Buy back on Monday when the SP falls by at least $0.40. So if you are careful and if your timing is right maybe the SP will fall by let's say $0.50 therefore on 10K units you maximise your profit by $1000

So you buy back on Monday @ $33.70 and you are sweet.

Not only that but....wait...there is more.... :)

If you do it this way you do not need to wait for your cheque/deposit which will be settled on the 9th OCT.

SO this way you do not get the div. but you have the capital NOW, not in 3-4 weeks.

I hope it helps.

I have off loaded 1/2 of my shareholding today and will buy back on Monday.