rozella said:Sold ADB today @ 1190.0
Bought 20th July @ 1155.0 with a margin of 70%
Investment 346.5/share
Profit announcement expected late July, exdiv expected approx 23rd September.
Last years dividend was 25.0/share fully franked 10.71/share.
Gross profit = 35.0/share = 10.1% return on investment. 2 day trade
"The lure of the dividend, gives a stock a reason to rise" this is the basis of the strategy.Does your theory suppose the stock will go higher again due to the dividend coming up?
rozella said:Another good day over.
Sold ASX today @ 2580.0
Bought 27th July @ 2495.0 with a margin of 70%
Investment 748.5/share
Announced 27th July, exdiv 8th August, dividend 50.9/share fully franked.
Gross profit = 85.0/share = 11.35%return on investment. 2 days
The dregs of the LPT's I am still holding from the June distributions had substantial rises today, so hopefully I will say goodbye to them next week until December.
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