great outlook, page-9

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JCoure

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18/08/15

19:17

Post #: 15829597
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Originally posted by Confused Share Trader ↑

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

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Sounds sensible. Dividends can be over-rated. Trading good companies is sometimes easy in markets such as this. I think SUN has been oversold.

SUN Price at posting: $13.27 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	23710	13.730
3	34052	13.710
3	61596	13.700
5	51192	13.690
4	69240	13.680

Price($)	Vol.	No.
13.740	3307	1
13.750	43477	3
13.760	82949	8
13.770	32064	4
13.780	141794	11

Last trade - 16.10pm 22/11/2024 (20 minute delay)

SUN (ASX) Chart