If SUN gets down to $12.80 approx this may be its low. It was at a high of $14.50 just recently prior to going EX DIV. If it reaches the $12.80 target then it would have dropped by $1.70( 11.7% off its recent high).
The next Div is in Feb 2016 and is about 38c FRANKED.
So buying it now you would expect to receive $380+ franking credits per 1K of shares at $13.28, a return of 2.86% +1.43% allowing for frankings. If your borrowing the money on margin loan at 7.3% then the interest would be about $465 for the six months. Share prices usually appreciate nearer to DIV dates, so it would not be unreasonable that it may retrace up by a dollar giving a hypothetical profit of $1000 pre DIV date.
My point is given the figures people who are holding have to determine their returns and costs and if it is practical to buy now.
I sold at $14.53 with an initial cost of $13.80. I missed the DIV but have in my opinion come out in front. I won't be looking at buying back in till if it reaches mid $12's or lower if it gets there.
This is just my logic and don't use my numbers and post as investment advice.
CONFUSED
great outlook, page-7
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Last
$19.59 |
Change
-0.040(0.20%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.75 | $19.85 | $19.59 | $57.63M | 3.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 399 | $19.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.60 | 7000 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
