Well done on the sale this morning. My sell order ($14.07) missed getting hit by 2cents after the second bounce from the high of $14.08. This is what happens when I get that little bit too greedy. I should have gone with my first instinct of $14.02. That seems to be a resistance point every time it goes over $14. Oh well, I guess I'll have to wait for the next run up.
YA, I think the recent price rise may have a bit more in it than simply the just dividend. Even though STO have recorded increased earnings, I wouldn't expect the dividend to be more than a couple of cents above the previous half year of 22cents. SANTOS needs to retain as much cash as possible to fund their expansion. As I don't think the dividend re-investment plan has received much participation.
Anyway, come (around) 28th August, I want to be holding as many shares as possible, because I like fully franked dividends. :)
Cheers --Dan
STO Price at posting:
$13.84 Sentiment: Hold Disclosure: Held
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