Harry MYS went ex div 1st March. ($0.1425) thus it is normal for...

Harry MYS went ex div 1st March. ($0.1425) thus it is normal for share prices to drop by the dividend amount. At current share price MYS is offering a grossed up yield of 9.27% according to Market Index web site. As long as there are no more profit warnings the yield offered should support the share price around these levels. There is plenty of time to top up over next 4 or 5 months before the share starts to run up into the next dividend.

MYS is thinly traded thus prices get exaggerated at times with gaps between bid and offered. Hopefully $4.30 will hold being most recent low. 80% of their lending is written by mortgage brokers so there may have been some angst there due to RC recommendations. Mortgage brokers will remain part of the scene so that fear should dissipate. Yes a hold for now or add if price gets really low - like $4 or something ridiculous.