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
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My take on the last 15 minutes of trading on PLS & the closing...
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Last
$2.87 |
Change
-0.010(0.35%) |
Mkt cap ! $8.852B |
Open | High | Low | Value | Volume |
$2.88 | $2.97 | $2.87 | $21.08M | 7.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 222089 | $2.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.88 | 61930 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 202523 | 2.870 |
20 | 361924 | 2.860 |
45 | 193958 | 2.850 |
26 | 373856 | 2.840 |
12 | 202112 | 2.830 |
Price($) | Vol. | No. |
---|---|---|
2.880 | 68976 | 47 |
2.890 | 71460 | 24 |
2.900 | 243005 | 16 |
2.910 | 247176 | 15 |
2.920 | 119000 | 14 |
Last trade - 11.58am 20/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |