My take on the last 15 minutes of trading on PLS & the closing price action
1) Ex Dividend date on 05/09/2023
2) Today being 31/08/2023, gives us two more trading days till ex dividend
3) So more of Dividend based ETF's/Fund managers getting in prior to the Ex-dividend date, Dividend yield is alright at these prices
On Ex Dividend Date
1) Expect a sell off on the 05/09/2023 for the value of 14 cents plus the franking component of 6 cents - implying at least 20 cents dividend
There is no catalyst for the 9.26%, or 278Million Shorts to cover - only immediate news worthy event is the dividend - till then the shorts drive this lower
My take on the last 15 minutes of trading on PLS & the closing...
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Last
$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $8.671B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.93 | $2.84 | $50.85M | 17.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 179945 | 5 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |