I agree with your idea. I made a significant sale in March 2023 (pre divs) at $1.29 but have been buying back strongly recently. As I see it there are significant reserves for future dividends and while WAX is paying over 13% gross dividends it will attract buyers again soon, despite the recent selldown. I expect that WAX will see its premium return, perhaps not to the 30% plus region of recent years, but to a figure justified by its hig dividend yield.
News: WAX WAM Research Says Declared A Fully Franked Interim Dividend Of 5.0 AU Cents Per Share, page-21
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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. |
|---|---|---|
| $1.05 | 96000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.04 |
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 ? | |||||
| WAX (ASX) Chart |