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PaddyMac33

284 Posts.

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23/08/24

14:11

Post #: 75344081
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Originally posted by 1ronnie: ↑

Yancoal down another -4pc today, now down -20pc after not providing the dividends holders expected.
Can’t emphasise more that stocks that are held for dividends purpose suffer immeasurably when the reason holders bought is taken out.
Taking money from one pocket into another. Holders have no appreciation for mark to market as long as they get their dividends until years later they could only sell for a fraction of what they bought. That would be the case for coal stocks, time won’t be on your side. No doubt you’d disagree.

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Just another day on the stock market Ronnie. More than happy to pick-up more if it continues to drop. Acquisition or no acquisition, company is in a great position trading on low P/E.
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