Don't get me wrong if they pay a wonderful big div I'm sure the...

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jiggy888

431 Posts.

25/02/15

23:46

Post #: 14819525
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Originally posted by Pbnewby ↑

Now that made me laugh, go Jiggy, I imagine you might be something like that guy off an idiot abroad

If they pay no divvie the sp won't go to zero but it will be under sustained pressure for a while but if they do pay then Jiggy it will take off to who knows where and yes when it goes ex dividend it will most likely fall again but not likely down to the lows of recent as the market will have greater confidence after a full audited year.

Its not an either or proposition more like oh crap no divvie no buyers to take my holding at a decent price lots of scavengers pulling back waiting for me or:

Small token divvie not so bad still get audited full year smallish sp rise to about 9-10c or:

good size dividend .5c plus gives boost to sp to above 10c+ audited full year finish of HQ and Warehouse helps sp along further 12c+ stores renos are complete, spending going down from 2014 levels etc etc 15c +
after ex dividend rests back around 11c mark.

Not so bad a proposition Jiggy..

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Don't get me wrong if they pay a wonderful big div I'm sure the shares will go for a short term spike and well done to those who got in just before.

All I'm saying is that I know I'm not smarter than the market........but I listen and watch price action very carefully. Short term yes the market gets it wrong but more thank 6 months getting it wrong???? I doubt it

If the downward trend breaks hey great could be a trade in it but I would never enter a stock in a terminal long term downward trend. I let the market tell me when its ready to change the direction of the trend first. Pretty basic laws of simple swing trading

Unfortunately too many people here are emotional and its clearly clouded their judgment. Large losses do that

GLTA to all

Last edited by jiggy888: 25/02/15

SBB Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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