I don't see CSL as a Div Play and the $0.40 drop should only be for a few days. ******
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.
CSL Price at posting:
$34.16 Sentiment: LT Buy Disclosure: Held
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