Dividend, Share Price: Is there a connection?

[rozella]

Re: Dividend, Share Price. Is there a connection?

Couldn't resist temptation & sold JBM today on the close @ 712.0
Bought 14th February @ 668.0 with a margin of 60%
Investment 267.20/share
Exdiv 24th February, dividend 13.0/share fully franked 5.57/share
Gross profit 44.0/share = 16.47% return on investment. 6 days

Sold ABC today on the close @ 246.0
Bought ABC 17th February on the close @ 237.0 with a margin of 65%
Investment 82.95/share
Exdiv date 1st March, dividend 6.25/share fully franked 2.68/share
Gross profit 9.0/share = 10.85% return on investment. 3 days

 

[zzkazu]

Re: Dividend, Share Price. Is there a connection?

Very nice, but lucky...

good on you

zzkazu

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Both JBM & ABC still look good zzkazu.

Bought UTB today @ 1336.0 with a margin of 70%
Investment 400.8/share
Exdiv date 20th March, dividend 29.0/share fully franked 12.43/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold DJS today after long last @ 262.0
Bought 28th September @ 248.0 with a margin of 65%
Investment 86.80/share
exdiv 11th October, dividend 7.0/share fully franked.
Gross profit 24.0/share = 27.65% return on investment. 147 days
Interest took some cream, but ok @ 5.45/share

Sold HIL today @ 496.0
Bought 17th February @ 478.0 with a margin of 65%
Investment 167.3/share
Exdiv date 7th March, dividend 13.0/share fully franked 5.57/share
Gross profit 18.0/share = 10.76% return on investment. 5 days

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Re-entered JBM today @ 705.0 in bits & pieces with a margin of 60%
Investment 282.0/share
Exdiv 24th February, dividend 13.0/share fully franked 5.57/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Re-entered HIL today @ 488.0 with a margin of 65%
Investment 170.8/share
Exdiv date 7th March, dividend 13.0/share fully franked 5.57/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Bought BSL today @ 667.0 with a margin of 70%
Investment 200.1/share
Exdiv 28th February, dividend 20.0/share fully franked 8.57/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold my last parcel of CBA today @ 4404.0
Bought on 18th January @ 4401.0
Investment 1100.25/share
exdiv 20th February, dividend 94.0/share fully franked 40.29/share
Gross profit 97.0/share = 8.81% return on investment. 36 days (franking not incl)

Sold TSO today @ 220.0......finally
Bought 23rd June @ 219.0 with a margin of 65% Investment 76.65/share
Exdist 24th June, distribution 9.25/share, zero franked.
Also exdiv 22nd December, distribution 8.5/share, zero franked.
Gross profit 17.75/share = 23.15% return on investment. 245 days.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Atm 39 stocks have declared their dividends today as at 4:00pm

Bought PBG today @ 236.0 with a margin of 70%
Investment 70.8/share
Exdiv date 27th February, dividend 7.5/share fully franked 3.21/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold UTB today @ average 1376.8
Bought 21st February @ 1336.0 with a margin of 70%
Investment 400.8/share
Exdiv date 20th March, dividend 29.0/share fully franked 12.43/share
Gross profit 40.8/share = 10.18% return on investment. 3 days

Bought IAG today @ 543.0 with a margin of 70%
Investment 162.9/share
Exdiv 2nd March, dividend 13.5/share fully franked

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold BSL on the close today @ 690.0
Bought 22nd February @ 667.0 with a margin of 70%
Investment 200.1/share
Exdiv 28th February, dividend 20.0/share fully franked 8.57/share
Gross profit 23.0/share = 11.49% return on investment. 2 days

End of a great week for dividend traders....should be more of it.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold HIL today @ 502.0
After re-entering on 22nd February @ 488.0 with a margin of 65%
Investment 170.8/share
Exdiv date 7th March, dividend 13.0/share fully franked 5.57/share
Gross profit 14.0/share = 8.2% return on investment. 5 days

Re-entered BSL on the close today @ 687.0 with a margin of 70%
Investment 206.10/share
Exdiv 28th February, dividend 20.0/share fully franked 8.57/share

Bought balance of TAH on the close today @ average 1556.497 with a margin of 75%
Investment 389.12/share
Exdiv 28th February, dividend 44.0/share fully franked 18.86/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Re-entered UTB today @ 1386.0 with a margin of 70%
Investment 415.80/share
Exdiv date 20th March, dividend 29.0/share fully franked 12.43/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Bought PMN today @ 549.0 with a margin of 70%
Investment 164.7/share
Exdiv date 6th March, dividend 13.0/share + 5.0/share special = 18.0/share fully franked

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Finally sold both parcels of DRT today @ 144.5

Sold DRT today at 144.5/share
Bought 21st June 05 @ 144.5 with a margin of 70%
Investment 43.35/share.
Exdist 24th June, distribution 5.3/share, zero franked
Exdist 22nd December 05, distribution 5.45/share, zero franked
Gross profit 10.75/share = 24.80% return on investment. 254 days

Sold DRT today at 144.5/share
Bought 22nd June 05 @ 143.0 with a margin of 70%
Investment 42.9/share
Exdist 24th June, distribution 5.3/share, zero franked.
Exdist 22nd December 05, distribution 5.45/share, zero franked
Gross profit 12.25/share = 28.55% return on investment. 253 days

Interest eats up approx one of the dividends.

 

[bullmarket]

Re: Dividend, Share Price. Is there a connection?

Hi rozella

I've been watching DRT closely for a while now as well.

Its chart shows it's retesting previous highs at ~$1.45 and I was tempted to sell in the hope that they will retrace a bit and then buy back in. But after their recent results ann I see their NTA has jumped up to $1.35 and my personal back of envelope quick and dirty valuation for LPTs like DRT is that at ~5% above NTA they are fundamentally good value and at 10-15% above NTA they become fair value to a little pricey. DRT is now about 6% above NTA so I'm hanging on to mine atm.

Another curve-ball from left field came in the mail this morning from DRT saying that they were asked to provide shareholder contact details to a law firm and they were obliged to provide the info under the Corporations Act.

So now I'm wondering if David Tweed or someone similar is playing games again or whether there might be a merger/takeover possibility in the forseeable future.......

But I regard DRT as one of the less risky and more reliable/robust LPT's on the ASX so I am not in a hurry to sell. Their prospective yld is ~7.4% atm which is just above the sector avge atm.

cheers

bullmarket

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

G'day bullmarket,

Yes, I too received the letter this morning, & the thought ran through my mind that it may be David Tweed.

I am not a long term holder as you have probably gathered. I still have too much retailer in me, so once I have made my expected profit, I move to the next.....DRT was considered too long a holding for me....not maximising trading capital. I will catch it again around May, ready for the June divvy....in the meantime I will use the cash on something moving a little faster in the strategy as there are plenty atm.....but today is not a buying day unless it crashes nearer to the close.

I am still hoping for 120.0 today for ENV which I bought in November for the div.....it reached 119.0 earlier this week but I was too greedy.

LPT's have always been favourites of mine, as I can trade in & out with high dividend yields & not worry about franking credit restrictions....they help to balance the pot.

 

[bullmarket]

Re: Dividend, Share Price. Is there a connection?

no problem rozella

Yes, I can see from your posts that you're obviously much more of a trader than a buy and hold.

I was seriously thinking of selling some at ~$1.42 a few weeks ago before the latest results when their NTA was still $1.28.

To be honest, apart from the XPJ sector being up strongly today, I think DRT is being rerated a bit in the last few days in light of the increased NTA to $1.35. In my experience LPT's of DRT's nature don't trade for very long, if at all, at their NTA's so I'm not expecting much downside from here although there obviously could be some short term profit taking in the next day or so.
If DRT gets close to 10% above NTA in the future I'll then re-asses whether to hold or sell some.

Now waiting on correspondence from Mr. Tweed

cheers

bullmarket

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold ENV today on the close @ 120.0
Bought 3rd November @ 120.0 with a margin of 65%
Investment 42.0/share
Exdiv 7th November, div 5.7/share zero franked
Gross profit 5.7/share = 13.57% return on investment. 119 days

Great day......the market reversed all my falls from yesterday plus a bonus.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

I had a cat & mouse game re-entering ENV on the close. Originally put order in at 115.0, upped to 115.5 to make sure of 115.0, then upped to 116.0. With 30 seconds left cancelled order as it went to 116.5, then a seller brought the estimated close to 115.0, so re-entered at 116.0 in the last few seconds, & got it @ 115.5......no time for a walk around the block or a cup of coffee today.

Re-entered ENV on the close @ 115.5 with a margin of 65%
Investment 40.425/share
Exdiv last year was 11th April, divdend 3.8/share zero franked.

Bought another parcel of PMN today on the close @ 556.0 (no dramas) with a margin of 70%
Investment 166.8/share
Exdiv date 6th March, dividend 13.0/share + 5.0/share special = 18.0/share fully franked