"Picking up a share with 12% gross annual dividend isn't much good if it's losing 18% in three months"
I have picked up a lot of WAX recently. My average buy in is roughly $1.15 and at that price the net dividend yield is 10.9% (gross is 12.4%). Your post clearly implies that you expect the 18% fall in 3 months to be a continuing trend - whereas I took that fall as an opportunity to reduce my buy in average to $1.15. I pay tax so will use most of the franking to pay the tax, but I will get at least the net dividend yield of 10.9%. I am quite happy with that!!
I will also be surprised if WAX continues to fall at 18% every 3 months. In fact I expect others will notice the large yield and the history of the stock - so that the premium is likely to increase over the next year or two.
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News: WAX WAM Research Says Declared A Fully Franked Interim Dividend Of 5.0 AU Cents Per Share, page-17
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Last
$1.04 |
Change
-0.005(0.48%) |
Mkt cap ! $211.2M |
Open | High | Low | Value | Volume |
$1.04 | $1.05 | $1.04 | $228.8K | 219.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 46988 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.05 | 96000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 46988 | 1.035 |
11 | 107817 | 1.030 |
5 | 37092 | 1.025 |
4 | 229503 | 1.020 |
4 | 67115 | 1.010 |
Price($) | Vol. | No. |
---|---|---|
1.045 | 96000 | 1 |
1.050 | 17455 | 3 |
1.055 | 20000 | 1 |
1.060 | 44656 | 3 |
1.070 | 25894 | 1 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.04 |
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Change
-0.005 ( 0.48 %) |
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Open | High | Low | Volume | ||
$1.05 | $1.05 | $1.04 | 57231 | ||
Last updated 15.54pm 29/05/2024 ? |
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