Dividend, Share Price: Is there a connection?
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Re: Dividend, Share Price. Is there a connection?
I have done very little this month, only 5 buys. AGL, 2 X TLS, SMS, & PMN. (these are already on the thread)
I sold 4 stocks after breaching stoplosses as follows.
Sold WAN @ 823.0 on 23rd March. Bought @ 872.0 on 4th February with a margin of 70%.
Investment 261.6/share. div 20.0/share fully franked 8.57/share.
Gross loss 20.43/share = 7.81% loss on investment.
Sold BLD @ 623.0 on 23rd March. Bought @ 679.0 on 8th February with a margin of 70%.
Investment 203.7/share. div 17.0/share fully franked 7.28/share.
Gross loss 31.72/share = 15.57% loss on investment.
Sold another parcel of BLD @ 626.0 on 24th March. Bought @ 719.0 on 19th January with a margin of 70%. Investment 215.7/share. div 17.0/share fully franked 7.28/share.
Gross loss 68.72/share = 31.86% loss on investment.....ouch.
Sold SMS @ 1784.0 on 23rd March. Bought @ 1895.0 on 17th March with a margin of 70%.
Investment 568.5/share. div 70.0/share 54% franked 16.2/share
Gross loss 24.8/share = 4.36% loss on investment.
I let these all go a bit too far, but not too much damage......still just under 60% return on investment YTD.
rozella
I have done very little this month, only 5 buys. AGL, 2 X TLS, SMS, & PMN. (these are already on the thread)
I sold 4 stocks after breaching stoplosses as follows.
Sold WAN @ 823.0 on 23rd March. Bought @ 872.0 on 4th February with a margin of 70%.
Investment 261.6/share. div 20.0/share fully franked 8.57/share.
Gross loss 20.43/share = 7.81% loss on investment.
Sold BLD @ 623.0 on 23rd March. Bought @ 679.0 on 8th February with a margin of 70%.
Investment 203.7/share. div 17.0/share fully franked 7.28/share.
Gross loss 31.72/share = 15.57% loss on investment.
Sold another parcel of BLD @ 626.0 on 24th March. Bought @ 719.0 on 19th January with a margin of 70%. Investment 215.7/share. div 17.0/share fully franked 7.28/share.
Gross loss 68.72/share = 31.86% loss on investment.....ouch.
Sold SMS @ 1784.0 on 23rd March. Bought @ 1895.0 on 17th March with a margin of 70%.
Investment 568.5/share. div 70.0/share 54% franked 16.2/share
Gross loss 24.8/share = 4.36% loss on investment.
I let these all go a bit too far, but not too much damage......still just under 60% return on investment YTD.
rozella
Re: Dividend, Share Price. Is there a connection?
Bought APN on 1st April (exdiv day) @ 492.0 with a margin of 70%. Investment 147.6/share. Stoploss 477.0
I will be looking for possible entries into the banks & LPT's on the lead up to their announcements. ANZ being the 1st major.
rozella
Bought APN on 1st April (exdiv day) @ 492.0 with a margin of 70%. Investment 147.6/share. Stoploss 477.0
I will be looking for possible entries into the banks & LPT's on the lead up to their announcements. ANZ being the 1st major.
rozella
Re: Dividend, Share Price. Is there a connection?
Bought ENV on 6th April @ 115.0 with a margin of 65% Investment 40.25/share.
Exdistribution date 11th April. Distribution 3.8/share zero franked
Sold AWB, my longest holding today on the close @ 497.0, which has spanned two dividends totalling 25.0/share 100% franked 10.71/share.
Bought 9th June 2004 @ 493.28 with a margin of 70% Investment 147.98
Gross profit 39.43/share = 26.64% return on investment. 302 days
(not the best return for the length of time)
rozella
Bought ENV on 6th April @ 115.0 with a margin of 65% Investment 40.25/share.
Exdistribution date 11th April. Distribution 3.8/share zero franked
Sold AWB, my longest holding today on the close @ 497.0, which has spanned two dividends totalling 25.0/share 100% franked 10.71/share.
Bought 9th June 2004 @ 493.28 with a margin of 70% Investment 147.98
Gross profit 39.43/share = 26.64% return on investment. 302 days
(not the best return for the length of time)
rozella
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Re: Dividend, Share Price. Is there a connection?
Does it get lonely in here rozella?...... echoo ..echo. cho..oo
Now I'm just being cheeky
, I think it is great that someone posts all their trades along with their strategy...Good Stuff
I have a question for you - I have owned WAM (Wilson Asset Management - LIC) for a few months and it has gone nowhere.... No biggie. But its ex div date is coming up in a few days (14th I believe) and this one pays out pretty big 6c on a price of $1.56 (on full year divs its about 7% yield). I was planning to sell these after they go ex div - but now I'm wondering whether to maybe I should add some more to take advantage of the sluggish SP.
I am fully expecting a drop after ex div date...... but historically WAM has traded at a premium to its NTA - currently its at a slight discount to NTA (from last months figures)
Good Value for the short term div????
TJ
Does it get lonely in here rozella?...... echoo ..echo. cho..oo
Now I'm just being cheeky
, I think it is great that someone posts all their trades along with their strategy...Good StuffI have a question for you - I have owned WAM (Wilson Asset Management - LIC) for a few months and it has gone nowhere.... No biggie. But its ex div date is coming up in a few days (14th I believe) and this one pays out pretty big 6c on a price of $1.56 (on full year divs its about 7% yield). I was planning to sell these after they go ex div - but now I'm wondering whether to maybe I should add some more to take advantage of the sluggish SP.
I am fully expecting a drop after ex div date...... but historically WAM has traded at a premium to its NTA - currently its at a slight discount to NTA (from last months figures)
Good Value for the short term div????
TJ
Re: Dividend, Share Price. Is there a connection?
G'day TjamesX,
I'm used to nobody talking to me......
Yes, WAM goes exdiv on the 14th & has been going sideways for awhile. Its off my radar as the volumes are not that great & the best margin I can get is only 50%. In the last 10 days 23 trades was the biggest day & 2 days there were no trades at all.
I finally have someone to talk to & I have nothing much to say.
Good dividend though.
Sorry can't add much to that.
rozella
G'day TjamesX,
I'm used to nobody talking to me......
Yes, WAM goes exdiv on the 14th & has been going sideways for awhile. Its off my radar as the volumes are not that great & the best margin I can get is only 50%. In the last 10 days 23 trades was the biggest day & 2 days there were no trades at all.
I finally have someone to talk to & I have nothing much to say.
Good dividend though.
Sorry can't add much to that.
rozella
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Re: Dividend, Share Price. Is there a connection?
I'm listening... keep posting
I just have nothing worthwhile to respond with
I'm listening... keep posting
I just have nothing worthwhile to respond with
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Re: Dividend, Share Price. Is there a connection?
Sorry Rozella, always reading but nothing worthwhile to add. Enjoy your thread though...
Keep up the good posts
rozella said:
Sorry Rozella, always reading but nothing worthwhile to add. Enjoy your thread though...
Keep up the good posts
Re: Dividend, Share Price. Is there a connection?
Thanks DTM & Stan 101
Bought ANZ today @ 2085.0 with a margin of 75% Investment 521.25/share.
Profit announcement expected 27th April with exdiv date expected 16th May. Last years dividend was 47.0/share fully franked 20.14/share.
Good day, all my stocks on the move upwards.
rozella
Thanks DTM & Stan 101
Bought ANZ today @ 2085.0 with a margin of 75% Investment 521.25/share.
Profit announcement expected 27th April with exdiv date expected 16th May. Last years dividend was 47.0/share fully franked 20.14/share.
Good day, all my stocks on the move upwards.
rozella
Re: Dividend, Share Price. Is there a connection?
G'day markrmau,
The link is exdividendwatchlist but briefly, the idea is to buy the stock, collect the dividend, then sell at buy price or better. Normal trading rules apply for risk management & stoploss. I use a 3% trailing stoploss on each stock. My ideal portfolio is a minimum of 10 stocks & maximum of 15, with no stock having a greater holding of 15% of portfolio. i.e. if a large holding of 15% was to drop to stoploss level, then it would only be 0.45% of portfolio.
You can follow the trades & calculations on my website under Trading Diary & Margin Trading. I have used end of day data on the website so that it can be easily verified. Since the market has become a little more volatile, I have been updating the website buys & sells daily. It will be up-to-date prior to 7.00pm AEST tonight.....atm yesterday is there.
The website portfolio took a bit of a hit during March & were stopped out many times, however, we are still up 51.24% return on investment for the last 281 days from 1st July 2004, after today we will probably be approx up 55%.......we were in the low 60% range.
rozella
markrmau said:
G'day markrmau,
The link is exdividendwatchlist but briefly, the idea is to buy the stock, collect the dividend, then sell at buy price or better. Normal trading rules apply for risk management & stoploss. I use a 3% trailing stoploss on each stock. My ideal portfolio is a minimum of 10 stocks & maximum of 15, with no stock having a greater holding of 15% of portfolio. i.e. if a large holding of 15% was to drop to stoploss level, then it would only be 0.45% of portfolio.
You can follow the trades & calculations on my website under Trading Diary & Margin Trading. I have used end of day data on the website so that it can be easily verified. Since the market has become a little more volatile, I have been updating the website buys & sells daily. It will be up-to-date prior to 7.00pm AEST tonight.....atm yesterday is there.
The website portfolio took a bit of a hit during March & were stopped out many times, however, we are still up 51.24% return on investment for the last 281 days from 1st July 2004, after today we will probably be approx up 55%.......we were in the low 60% range.
rozella
Re: Dividend, Share Price. Is there a connection?
Started buying into the LPT's today.
Bought SGP today @ 570.0 with a margin of 70%. Investment 171.0/share.
Profit announcement expected 17th June with exdist expected 24th June.
Last years distribution was 19.0/share franked to 21.579%
Bought CNP today @ 519.0 with a margin of 70%. Investment 155.7/share.
Profit announcement expected 21st June with exdist expected 24th June.
Announcement today expects dist to be 17.4/share zero franked.
Bought GAN today @ 155.0 with a margin of 70%. Investment 46.5/share.
Profit announcement expected 21st June with exdist expected 24th June.
Last years distribution was 5.06/share zero franked.
rozella
Started buying into the LPT's today.
Bought SGP today @ 570.0 with a margin of 70%. Investment 171.0/share.
Profit announcement expected 17th June with exdist expected 24th June.
Last years distribution was 19.0/share franked to 21.579%
Bought CNP today @ 519.0 with a margin of 70%. Investment 155.7/share.
Profit announcement expected 21st June with exdist expected 24th June.
Announcement today expects dist to be 17.4/share zero franked.
Bought GAN today @ 155.0 with a margin of 70%. Investment 46.5/share.
Profit announcement expected 21st June with exdist expected 24th June.
Last years distribution was 5.06/share zero franked.
rozella
Re: Dividend, Share Price. Is there a connection?
Bought DRT today @ 127.91 with a margin of 70% Investment 38.37/share.
Profit announcement expected 21st June with exdist expected 24th June.
This period last year the trusts had not merged (DDF, DOT, & DIT), but I expect the distribution to be around 5.1 to 5.3 per unit zero franked. June was 5.2
Bought SGB today @ 2390.0 with a margin of 75% Investment 597.50/share.
Profit announcement expected 3rd May with exdiv date expected 14th June.
Last years dividend was 60.0/share fully franked.
rozella
Bought DRT today @ 127.91 with a margin of 70% Investment 38.37/share.
Profit announcement expected 21st June with exdist expected 24th June.
This period last year the trusts had not merged (DDF, DOT, & DIT), but I expect the distribution to be around 5.1 to 5.3 per unit zero franked. June was 5.2
Bought SGB today @ 2390.0 with a margin of 75% Investment 597.50/share.
Profit announcement expected 3rd May with exdiv date expected 14th June.
Last years dividend was 60.0/share fully franked.
rozella
Re: Dividend, Share Price. Is there a connection?
Bought another parcel of CNP today @ 516.0 with a margin of 70%
Investment 154.8/share.
Profit announcement expected 21st June with exdist expected 24th June.
Announcement on 19th April expects dist to be 17.4/share zero franked.
Down overall today atm, but hardly a blip.
rozella
Bought another parcel of CNP today @ 516.0 with a margin of 70%
Investment 154.8/share.
Profit announcement expected 21st June with exdist expected 24th June.
Announcement on 19th April expects dist to be 17.4/share zero franked.
Down overall today atm, but hardly a blip.
rozella
RichKid
PlanYourTrade > TradeYourPlan
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Re: Dividend, Share Price. Is there a connection?
Hi Rozella,
Great thread, and very diligent record keeping by you too!!
Does your strategy mean that for some periods of the year you don't trade at all? or are there always co's doing ex div out there? As I understand it you should at least get a few months break once the bulk of the exdiv dates are past. Never occurred to me that there would be a continuing reporting period, I guess there are a lot of co's out there. But I expect your margin system means that you wouldn't be able to borrow for all stocks.
BTW For those who are interested, I had a look at Crashy's site to see how the tax on div's works, he has some free sample examples http://www.posigear.8k.com/ Not a plug for Crashy, just found the strategy interesting, I'll probably have to check the tax rules to see if they are accurate though as the ATO changes things all the time.
I get a bit confused with franking and grossing up etc but will have to work it out properly soon.
Checked out your website Rozella, looks great! BTW, what are those blue boxes around the figures in your watchlist?
Hi Rozella,
Great thread, and very diligent record keeping by you too!!
Does your strategy mean that for some periods of the year you don't trade at all? or are there always co's doing ex div out there? As I understand it you should at least get a few months break once the bulk of the exdiv dates are past. Never occurred to me that there would be a continuing reporting period, I guess there are a lot of co's out there. But I expect your margin system means that you wouldn't be able to borrow for all stocks.
BTW For those who are interested, I had a look at Crashy's site to see how the tax on div's works, he has some free sample examples http://www.posigear.8k.com/ Not a plug for Crashy, just found the strategy interesting, I'll probably have to check the tax rules to see if they are accurate though as the ATO changes things all the time.
I get a bit confused with franking and grossing up etc but will have to work it out properly soon.
Checked out your website Rozella, looks great! BTW, what are those blue boxes around the figures in your watchlist?
Re: Dividend, Share Price. Is there a connection?
G'day RichKid,
An hour in the market can change results dramatically.....my previous post said
rozella
G'day RichKid,
Normally at this time I am working my way with stocks in various parts of the strategy cycle, however most were stopped out in the last couple of weeks, but that was to be expected. So now I am buying into section 1 of the strategy, which is prior to the profit announcement for some of the banks & LPT's. ANZ is the 1st to report on 27th April, which is next Wednesday, so then it starts all over again.
I only trade those stocks that I can have an LVR of 60% or better, usually 70% or 75%
They are the prospects that have met with the 1st bit of criteria.....i.e the sum of the dividend & franking credit divided by the investment amount must be over 10% to go onto my daily prospect list.....from then on its normal trading criteria rules for the final selections.
An hour in the market can change results dramatically.....my previous post said
Well this changed to a nice profitable day.
rozella
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