Hey guys,
have you considered trying to use this period to your advantage? We have seen time after time bot trading to hammer the share price in the DRP period (in this case 24th Feb to 9th Mar) so assuming we believe it's going to happen again, see after being eligable for the distribution, in this case that would have been at around $0.63 and then buy back during the DRP period, which as I write is $0.56.
You buy your stock back cheaper, and you get 5% off your DRP new stock. You should be able to make 20% every 6 months using this theory, if the rest of the market behaves normally.
I didn't think the price would get this low, I'm kicking myself that I already bough back in at $0.58, but it will bounce back if the distribution is maintained. Right now it's on 14.6% yield. Very high relative to rest of market.
"Down down, prices are down" jingle keeps playing in my head.
Hey guys, have you considered trying to use this period to your...
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