I'm a self-funded retiree. Shares purchased via my SMSF attract no capital gains.
We're heading towards ex-dividend.
At the same time our 4 huge short lenders are engineering the share price up to (say $5.75) before commencing the next major short cycle.
So I plan to sell some shares at $5.75.
When PLS goes ex-div the share price will drop say 20 cents.
As soon as ex-div expires and I can repurchase I'll re-buy the shares I sold at $5.75 plus reinvestment of the promised dividend amount.
When PLS pays their new dividend there will be a tsunami of share holders wanting to reinvest and the share price will climb, possibly to new all-time highs.
It's not rocket medicine.
Strategy
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 (20min delay)
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Last
$3.65 |
Change
-0.110(2.93%) |
Mkt cap ! $10.98B | |||
| Open | High | Low | Value | Volume |
| $3.76 | $3.76 | $3.65 | $50.61M | 13.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 431729 | $3.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 1900 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$3.67 |
Change
-0.110 ( 2.09 %) |
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| Open | High | Low | Volume | ||
| $3.76 | $3.76 | $3.66 | 4146639 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| PLS (ASX) Chart |