nordesmic
As some say, this could go lower, and has dropped under $1.70. Currently down 25% from where it ended yesterday.
I got some at $1.73 but if it gets down to $1.50 region I would be tempted to get some more. That could happen next month when tax loss selling goes ballistic, or if the POG takes a major tumble.
Down the track if they pay a 15 cent dividend in future years then the pre-tax dividend yield on what I paid is a very nice 8.7%. Grossing it up for company tax get me over 12%. I guess there is a risk with respect to the dividend - both up and down.
I am heartened by the fact that they have not increased the amount drawn down. Plus I am still hoping the AUD comes down to 85 cents.
loki
update on flooding, page-51
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
-0.040(2.51%) |
Mkt cap ! $1.174B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.58 | $1.55 | $6.501M | 4.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5750 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 5598 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |