A bit of "outloud thinking"
If my memory serves me right TLS has held up only to finish 1-2 cents lower at close this and last week. Today it held up and stayed up without the late pull back. A good sign? Maybe.
We have 2 more trading days before it goes ex-div. I am tossing between selling and cashing in and then re-entering it on Mon or Tue or collecting 14 cents and holding onto it. If I cash it in say on Friday I do not need to wait about a month for the funds to get transfered. Yeah, I will miss out on the franking credits but will have the cash to re-invest next week.
Another reason is - if TLS does not hit $3.00 by Friday we may go sub-2.80 and if we do it may pull back to the low 70's. This is just "numbers game", nothing to do with TLS.
For example;
1] Friday close at $3.00 - 0.14c we get to - 2.85-2.90 range. If we see 2.90 in sight the SP may hold on (Mon-Tue) in that range.
However,
2] If we struggle to get close to $3.00 and we close say at $2.92 on Friday - 0.14 we are in $2.78-2.80 range. If we could not get to $3.00 in the lead up to the 14 cents some may ask how strong TLS at this stage really is? Is it strong enough to break through $3.00 (XD) or should we wait for the news? If the consensus is - let's wait for the news I reckon TLS may pull back to $2.70-2.75.
If it does happen then by holding onto the shares to collect the dividend and collect the franking credit will be futile.
Put simply, 2.92 down to 2.70 - that's 8 cents extra. If you hold over 100K units - that's $8K or more than 50% of the dividend.
If we were to cash it in with an intention to re-enter early next week, and the SP keeps on falling we can be fishing the bottom. This would help us avoid the situation while otherwise we would be $8K down and waiting.
Hmmmmm?
I guess I will know the answer at 3.55pm on Friday :)
- Forums
- ASX - By Stock
- smashed like a pulp
A bit of "outloud thinking"If my memory serves me right TLS has...
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
|
|||||
Last
$3.92 |
Change
-0.030(0.76%) |
Mkt cap ! $45.29B |
Open | High | Low | Value | Volume |
$3.92 | $3.94 | $3.90 | $79.14M | 20.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11833 | $3.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.92 | 408977 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 203089 | 3.900 |
20 | 606735 | 3.890 |
17 | 187249 | 3.880 |
19 | 91057 | 3.870 |
13 | 141374 | 3.860 |
Price($) | Vol. | No. |
---|---|---|
3.920 | 385567 | 4 |
3.930 | 308309 | 12 |
3.940 | 283528 | 16 |
3.950 | 560889 | 47 |
3.960 | 223380 | 22 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |