IF, the annual dividend amount reaches 30 cents, at a share price of $6.00 that represents a 5 percent return. Just a touch over what one can achieve from a term deposit at the moment. They’re not that far away from 30 cents dividend now. Greater FCF amounts in future years obviously improves these figures.
The question of when, not if, the share price reaches $6.00 is academic. It will happen. Todays early trade like many early days in the last few weeks is pointing that way. The shorters will continue but will fall away at some point. Some will get burned. It’s just a matter of time. I can wait and will.
Good News & Bad News, page-31723
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |