SHJ 2.23% 87.5¢ shine justice ltd

Ah yes of course, I'm aware of this fact as I'm mainly...

  1. 178 Posts.
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    Ah yes of course, I'm aware of this fact as I'm mainly interested in options trading and it's a fundamental assumption of pricing call options that are going to return a dividend that the price drops on the underlying by the amount of the dividend. The difference here is, as you say, this is in theory:

    + and I'm bullish overall on the stock so a bit biased!
    + I don't think the volume is high enough or the market ( holders particularly) is efficient for the theory to apply in this case. The last few days the spread has been up to 10% and the dividend return is only around 2.8% in comparison.
 
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Last
87.5¢
Change
-0.020(2.23%)
Mkt cap ! $144.2M
Open High Low Value Volume
89.5¢ 89.5¢ 85.5¢ $9.663K 11.13K

Buyers (Bids)

No. Vol. Price($)
1 6492 85.5¢
 

Sellers (Offers)

Price($) Vol. No.
88.0¢ 3339 1
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Last trade - 15.16pm 26/11/2024 (20 minute delay) ?
SHJ (ASX) Chart
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