I highly doubt we'll see the sp falling to under $2.63 in the run-up to the ex-date when it presently is at or above $2.70 now.
The 6c drop today will be insto's dumping allocations that they've been allocated today, before the SPP kicks in. Same old story, the big thugs get first dibs & profit from them before retail shareholders get a go. I, myself am selling some of mine now, hopefully for around $2.75 in the next day or so, and using those funds plus a bit more of my cash to go for the full $15k application to end up with an increased holding offsetting the dilution effect. I have done my sums (allowing for the loss of distribution on those sold) & am sure when it goes ex-div (27/6), the SP will be a lot lower than just the distribution amount (which is $0.03375).
Having said that, ARF are an excellent stock IMO paying close to a 6% yield & with the likely upcoming cut in interest rates, prices should logically move onwards & upwards.
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I highly doubt we'll see the sp falling to under $2.63 in the...
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Last
$3.97 |
Change
0.120(3.12%) |
Mkt cap ! $1.409B |
Open | High | Low | Value | Volume |
$3.91 | $3.98 | $3.88 | $3.726M | 942.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 135000 | $3.96 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.99 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 135000 | 3.960 |
1 | 820 | 3.950 |
1 | 820 | 3.940 |
1 | 820 | 3.930 |
1 | 820 | 3.920 |
Price($) | Vol. | No. |
---|---|---|
3.990 | 2500 | 2 |
4.010 | 2307 | 2 |
4.040 | 1250 | 1 |
4.090 | 1308 | 1 |
4.280 | 7433 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$3.97 |
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Change
0.120 ( 3.28 %) |
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Open | High | Low | Volume | ||
$3.91 | $3.97 | $3.87 | 106092 | ||
Last updated 15.59pm 29/03/2024 ? |
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