Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi guys I noticed in your weekly reports that you were quite bullish on NEC especially with a possible dividend of 49c fully franked. My question is will the share price drop by the dividend amount after the record date and if it does it would then be a share loss equal to the dividend and therefore not worth the trade Thanks Tony
Hi Tony,
We would expect the Nine (NEC) share price to drop by the estimated 47-49c fully franked dividend – as we said on Wednesday its a lot of franking credits in there for people who can use them. However the crux of our commentary was two fold:
Buying it here (though we already own it), is more about banking some franking credits, but also being comfortable with owning NEC without their Domain holding.
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