Never felt better....we are 'trading & travelling' for the next 2 months....we are at Wellington NSW beside the river atm.How are you going ?
I am not an expert in pairs trading, but you will have the WBC dividend of 70 cents deducted from your account if you short & the SGB dividend of 88 cents added, giving a net gain 18 cents dividend. It is not my way of trading so maybe others would have a more constructive opinion. I was just waiting for the budget last night for market reaction before I make my choice.in CFD , I am thinking of shorting WBC and long on SGB before their ex-div date..
reason being is WBC is fully franked dividend while it is getting dilution as merger with SGB.
While SGB is retaining it value from SGB even though it eill be giving out dividends.....
I see the pair of them would be great.....what do you think ?
G'day James,
Never felt better....we are 'trading & travelling' for the next 2 months....we are at Wellington NSW beside the river atm.
G'day andy87,
Returns on working capital over the last 10 years vary quite a bit but usually between 30% to 50% which includes dividends less brokerage & interest, however, this year has been quite different which places me about square atm, so I have until the 30th June to profit providing the market does not blow up again. Business running expenses are additional but considerable.
I was out of the market for about a month as at 9th January l & have been only dabbling with a few stocks after that as you can see on my posts.
With being a trader I don't have capital gain/loss accounts.
Bought WBC today @ 2476.0 with a margin of 75%
Investment 619.0/share
Exdiv 19th May
Dividend declared 70.0/share fully franked 30.0/share
G'day roland & white_goodman,
Still holding WBC. I have not been trading much over the last 6 months & only partially in the market, so have been cruising around inland NSW in the 5th wheeler for the past 2 months....parked overlooking a lake at Griffith atm for the night.
The market was very ordinary today considering the DOW was up 165 points....at least most of the LPTs were up nicely today.
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