Thanks very much.
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Isn't life grand. People on a 17.5% tax rate can milk the extra 10.5% tax credit the company has imputed through the dividend imputation system with fully imputed dividends at 28%. The IRD used to have a saying, "its our job to be fair", they don't use that punchline any more but in this particular instance I think its more than appropriate, enjoy :)
What's that American airline index thingy again that some of you guys follow and how much was it up on Wall Street yesterday ?
Who wants the pleasure of working out Couta1's forthcoming dividend on 370,000 shares ?
LOL yes that reminds me where's my e.mail from Couta1 this morning....there it is "added 51K more shares at $2.01 average, now holding 420K shares at $1.94 average price ex divvy. Well positioned and "gonads" have grown even bigger. At $2.08 last time I looked I make our friend as being in the green by a whopping $58,800 ! Who said averaging down doesn't work !! Couldn't happen to a nicer guy !
My reply is unprintable on this forum but something along the lines of how do you walk or ski with @#$lls that big ? Guess he takes the be strong and courageous stuff in the Bible literally !
He reckons it'll be back in the 220's in no time...I'm starting to think he might be a guru prophet.
Puts my 1000 shares to absolute shame... Gotta start somewhere though right??
That could be difficult :D
No the poor bugger has been banned till 12 September :( he's off for 9 days skiing on 11th so realistically the earliest he might be back is 20th if we are fortunate enough to see him back at all.
Checking arrivals at WLG
Singapore Airlines and its Apital Connection arrives in 13 days it says
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Good for Couta1 although when I looked at that I was surprised his average price ex divvy is down to $1.94, he must have bough a large parcel/s of late to get his average share price down from last time he mentioned it. Mine is down to 1.88. I've taken a punt on the other high yield stock Rodger keeps going on about... we will see...
Watched today with interest. I was surprised when pre open all bids & asks including previous trades were BLANK. Havn't seen that mid week before, is this normal or is this an extrordinary situation?
Happens for every share when it goes ex-div.
Specials to London Heathrow with Malaysia Airlines for $1249
Let me know if you take it up - I will wave at your plane as it goes by.
Best Wishes
Paper Tiger