Down down depper and down
Taken a hammering today
How much lower can it go before a takeover looms
Manufacture Delay Income
Under the prime contract between Downer and Reliance Rail, milestone payments are paid to Downer by Reliance Rail in accordance with the actual delivery schedule achieved. To the extent that these monies are not paid to Downer (and indeed Hitachi) due to late delivery and missed performance milestones, the monies are held by Reliance Rail in a ‘Manufacturing Delay Account’ (MDA), with the monies invested to earn interest income.
The RSM contract provides that monies held in the MDA are to be paid to Downer upon achievement of contracted milestones, and that interest that accrues on the MDA is to be paid over when train set 78 is delivered to Reliance Rail.
Total interest of $94 million is projected to accrue against the MDA for the benefit of Downer, which will be payable to Downer in October 2014 based on the projected delivery of train set 78.
I've been in due to technical reasons since Christmas and the company is one of my better performers. They have been drifting back but a sharp jump again today. Dividends have returned and PE looks to be about 9 for the year. Infrastructure boom expected after the election?
This one must currently be on the radar of serious income/dividend investors?
Belated thanks for bringing DOW to my attention, i bought a thousand shares on the 10th Dec 2015 @ $3.35 as im slowly switching to dividends.
I hope it works out to be a wonderful trade.
I'd like to hear a little more about why you're focusing on dividends for income - if you're happy to share any thoughts. I haven't thought a great deal about it (retirement income) as yet.
I'd like to hear a little more about why you're focusing on dividends for income - if you're happy to share any thoughts. I haven't thought a great deal about it (retirement income) as yet.
Dividend still holding and uptrend in place, good news flow and $4.75 close...wonderful trade indeed.
Focusing on Dividends because my super wont be tax free for another 7 years so plan on leaving that alone, thinking that the dividends are fairly regular spread across the 30 stocks i hold when looked at as a whole, so regular dependable income from dividend (mostly tax paid), trading profits as a bonus.
Cool, thank you. Dividends are certainly an important part of a longer-term trader's profits. Just look at the results on the magic formula thread. Dividends don't even feature in the selection process, but made up something like a third of the returns!
Will you be concentrating on dividend stocks in retirement, do you think? Or just buying as you currently do and dividends are the byproduct of a longer-term approach etc?
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