Well...I am modelling... https://www.youtube.com/watch?v=s9Tap9Cf_7Y :lol: :lol: a fall of 24 cents in HLG's share price as it goes ex its 24 cent divvy tomorrow.
Printable View
Well...I am modelling... https://www.youtube.com/watch?v=s9Tap9Cf_7Y :lol: :lol: a fall of 24 cents in HLG's share price as it goes ex its 24 cent divvy tomorrow.
And so it came to pass. Shares went ex a 24 cent divvy. Share price down by exactly double that at 48 cents, albeit on very light volume.
You don't see that sort of share price reaction very often. Even VWAP for the day of $6.02 was down 36 cents.
Bounce back tomorrow or maybe after the annual meeting on Wednesday 11th ?
Anyone on here planning on attending the annual meeting ?
I will be there in body,but depending on the models, my mind may be elsewhere.?
$5.90 was only on volume of a few hundred shares. VWAP of $6.02 is still something of a disappointment but not entirely unexpected.
Most of my earlier analysis around yield was based off a $6 theoretical ex divvy price giving 44 / 0.72 = 61.11 cps gross divvies sustainable going forward = 10.2% gross.
$6 ex divvy feels about right to me considering the recent currency headwind which has now abated somewhat. Good long term hold at that price for yield in my opinion.
Retailers across the country reporting that spend is down this December.
Could be because I ventured into retail but surely that would not have had a country wide effect?