DVN 4.00% 13.0¢ devine limited

Well done wrongway - you'll make a motza on this one including a...

  1. 3,918 Posts.
    Well done wrongway - you'll make a motza on this one including a fantastic fully franked divy.

    Ride the wave all the way up until it goes x-divy and then sell straight away as DVN has a history of going right back to where it started from after x-divy, meaning 40c. So effectively you should receive a fully franked divy of 4c I believe and then when you sell on market you'll still be able to make a substantial gain even when it does x-divy!

    I expect DVN to reach a high of between 55-60c before it goes x-divy. There's no reason why it can't - check out the rise of PBD which is in a similar industry and I personally believe it aint any better than DVN. But 55c is a conservative estimate I believe.

    Good Luck.
 
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