SNN sonnet corporation limited

re: ex div 13 jan ##ho tex , my understanding is divd to be paid...

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    re: ex div 13 jan ##ho tex , my understanding is divd to be paid 4 feby to those who are registered holders as at 19 jany ##

    SNN will go ex div on the 13th of January meaning you have to be holding by 12th of January, payments will go out on 2nd of February.
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    ##assume many will sell shortly after 19 jany to take profit from the lead up to divd , and buy back later as price drops a cent or two . ###

    This may work but its a fine balancing act, I will receive a Div for approx $7700, so personally for me I can't see the sense in trying to time the dip.....either way the reward is there for me, holding is a safer option because I get a return without risking my low average entry price of 16c
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    ##do you have any target prices ? and do you agree with the foregoing ? ##

    Yep, I'll be taking some profit at 30c when it gets to that level.
    After that I'm not sure what I'll do......but I will hold a parcel long term because I think they have great potential.
    Keep in mind that SNN will be promoting themselves to the broking community in February, so this could push the stock along nicely straight after Div's are paid.
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