My point is fund managers will be forced to obtain some MPLs in their profolio.
As the dividend is slight better than bank interest rate(assuming the 2rd lot will keep at 5.2 as well) and MPL is classified as insurance industry which is a comapraeably safer industry.
Therefore, for fund managers they can use MPL to outperform a conservative cash account.
Thats why on friday, it jump open.
And I belive the SP will rise to a point which worth that 5.2 per cents dividend.
This is my guess only, any guru can correct me?? thanks,
Wrong timing, page-3
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$3.83 |
Change
-0.090(2.30%) |
Mkt cap ! $10.54B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $3.99 | $3.80 | $53.04M | 13.75M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5398 | $3.83 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.84 | 16031 | 2 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| MPL (ASX) Chart |