DOW 1.05% $5.78 downer edi limited

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  1. DSD
    15,757 Posts.
    SMH reported it as "Downer has jumped 8 per cent after a broker flipped from a "sell" equivalent to a "buy" ahead of the company's results this week."

    I agree its the most likely reason for SP to rise. Plus I've been exploring the thesis of buying companies you expect to announce a high div in their reports this months on the IFL thread. 2 weeks ago on DOW thread i posted: "I still have FY16 eps at 43c and divs at 24c ffr. That gives (at SP $3.20) a PE of 7.44 and gross div yield of 10.6%. That may attract some investors. But firm does need the outlook in next months interim to continue the positive theme of the August yr end. But in this mkt 6 months is almost a lifetime. Hold and med risk/med return buy. Newbies can afford to be patient but who knows these days?"

    Look for stks that will announce high divs when they report this month. High is 8% gross annual yield. Very high indeed is above 9.5% gr ann yld.

    For these reasons i hold long positions in CCP, IFL, DOW, DWS and NVT. Latter will (i anticipate) pay a 20c ffr in FY16, which is 6.75%..... but the i expect eps in FY17 to rise and the CG to compensate for the lower yield.
 
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Last
$5.78
Change
0.060(1.05%)
Mkt cap ! $3.626B
Open High Low Value Volume
$5.78 $5.88 $5.77 $3.584M 617.4K

Buyers (Bids)

No. Vol. Price($)
3 8576 $5.78
 

Sellers (Offers)

Price($) Vol. No.
$5.80 9210 3
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