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
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SUN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.70 |
Change
0.280(1.44%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.51 | $19.80 | $19.47 | $18.38M | 933.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2398 | $19.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.71 | 3367 | 18 |
View Market Depth
| Last trade - 15.39pm 28/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
