It usually takes a few days before it drops back not the next day.
The business news on abc last night had WES talking up the 88c dividend on a share price of $54 but
not mention of FMG which has the far higher dividend than just about any other company in Australia.
Buying time is leading up to the payout. Maybe on the day before the stock will rise only to drop back
after the payout and then start to rise again over the next 6 months before the cycle repeats again.
Friday is often a day when stocks drop back.
Iron ore though is about $170US/T so you'd think IO stocks would rise on such a day.
Maybe the Facebook drama of yesterday upset the markets.
Iron ore price, page-28140
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Last
$18.25 |
Change
-0.315(1.70%) |
Mkt cap ! $57.05B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $58.00M | 3.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4048 | $18.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.25 | 7786 | 19 |
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| Last trade - 12.34pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |