I agree, the announcement was encouraging and was meant to be encouraging, but if they reduce the div at this very late stage, you'd have to consider them to have been underhanded, given that other REITS have presented their bad news in the lead up to the dividend, as they should. Also the 1.75c has been presented as a conservative payout and a done deal, if that is not the case then there should have been announcements between mid-November and now.
Apart from paranoia about upcoming bad news, today was good, the late sell off is almost certain to have been a T3 trade or trades, apart from that it moved up strongly to 20c, which is an indication of the sentiment of the majority of people looking at the stock. If there are any more sell offs like last weeks, I'll be buying more.
I agree, the announcement was encouraging and was meant to be...
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Last
$1.21 |
Change
0.015(1.26%) |
Mkt cap ! $1.081B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.22 | $1.17 | $913.4K | 757.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10935 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2870 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| ABG (ASX) Chart |