Five days to 10c ex div. Buyers building up?
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Five days to 10c ex div. Buyers building up?
Large crossing of 4 mil shares today with the abbreviation LA. Anyone know what that means? I can't see it on the usual abbrev list.
It's tempting to accumulate now, but with flat earnings for the next year, I don't see a catalyst in the short term to push it well above $3.
It's struggling to get over $3 now and I get the feeling it's going to fall back down heaps when it goes ex-div, so I'm going to wait and see.
Might have to wait until FY2019 to see some movement.
I actually find it strange market behaviour that the stock isn't trading higher just before shedding a juicy fully imputed 10c divvy. Analysts have just upgraded the stock to outperform with an average target price of $3.34. From a TA viewpoint, Bollinger Bands squeezing so will be very interesting to see the Ex divvy behaviour.
XOS divvy locked in, not a bad finish at $3.04, helped by a bit of index rebalancing at close. Support should hold the price at $2.88 or above going Ex, after being upgraded by the analysts.
Yes will be interesting to see how it goes tomorrow. I'll be very surprised if it closes above $2.95 by end of the week.
Their flat earnings guidance for FY2018 wasn't overly inspiring, though they have gone through alot of detail on how CDC, Aussie Student Accommodation and Long Road will deliver long term value.
We'll just have to wait till FY2019 to see this come to fruition. I indent to keep holding and accumulate on weakness.