Hard to believe WAX traded at 1.045 a little while ago. At 30 April their asset backing per share was 1.0488. They are still paying a half yearly 5c dividend that is 60% franked and the dividend reserve at 30 April was 42 cents. That is over 4 years of 10 cent dividends in reserve.
I jumped in for a sizable (for me) buy at 1.055 (before the further fall) but even at my buy price that 10 cents pa dividend is a rate of 9.5% pa net which, with 60% franking, is 11.6% gross.
Why would anyone sell WAX when it has such a great, well protected yield??
- Forums
- ASX - By Stock
- WAX
- WAX no longer at premium
WAX no longer at premium
- There are more pages in this discussion • 9 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 WAX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.06 |
Change
0.015(1.44%) |
Mkt cap ! $216.3M |
Open | High | Low | Value | Volume |
$1.05 | $1.06 | $1.05 | $321.5K | 305.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11500 | $1.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.06 | 46773 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11500 | 1.050 |
1 | 24892 | 1.045 |
7 | 33576 | 1.040 |
10 | 103609 | 1.035 |
11 | 101254 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.060 | 46773 | 4 |
1.070 | 7993 | 2 |
1.075 | 31000 | 2 |
1.080 | 8000 | 2 |
1.085 | 18586 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.06 |
  |
Change
0.015 ( 0.96 %) |
|||
Open | High | Low | Volume | ||
$1.05 | $1.06 | $1.05 | 53336 | ||
Last updated 15.52pm 05/06/2024 ? |
Featured News
WAX (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online