nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
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- 133
It certainly provided a bit of interesting movement, nice post Nulla.
Ex-Div for most of the sector tomorrow...not that SCG will be included in that
Bottomed out today at $3.42 for a handful of shares then climbed back to close out the day at $3.45. Westfield also released their report today with better growth figures than the projected growth for Scentre (hhhmmmm).
It is possible that todays sell down of SCG may be related to Westfield share holders unloading their free SCG shares and re-investing their proceeds in Westfield.
That's unlikely... and why today? Plus those SCG shares were free!
SCG was downgraded by Citi and UBS overnight.
No doubt downgrades by Citi & UBS overnight could have contributed however the volume of turnover was not major. What sort of downgrades were they, from buy to hold, hold to sell? What price, if any, did they set?
And SCG touches $3.39 after the late sell off on Tuesday and early Wednesday, then rebounds on strong buying to close at the inter-day high of $3.49 (a very tasty $0.10 spread). Where to now in the lead up to ex-div? I dunno but you gotta love the volatility. As always, do your own research and good luck.
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