KAR 2.81% $1.83 karoon energy ltd

If someone wants to pay $3 for a $2 share because it starts...

  1. 26,750 Posts.
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    If someone wants to pay $3 for a $2 share because it starts paying a 12c div that comes straight out the SP on ex-div day and they gotta pay tax on, and for no other reason, I’m all for it. Doesn’t seem that plausible a theory, that’s all. It is possible punters following the money buy in now simply because they believe STAM’s interest means the SP will rise and I’ve got no problems with that, whether it’s a good enough reason or not, but they’re after the same thing as me, a rising SP, not the div! I’m still thinking what might be the best idea though is to produce a lot of oil and sell it and find some more and sell that too, call me old fashioned.
    Last edited by CEOChair: 12/05/24
 
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