This chart shows (my)
TGA
levels of interest, the price won't necessarily follow any of these anticipated moves.
The stock has to remain above R154 otherwise R120 becomes a possibility. It's a question of where are there any buyers that are willing to buy the shares at these levels and push the price up. Currently, the stock is trading below declining MAs, it's been like this YTD so it's not just an ex-divi thing.
On the far end there's valuation, what's the fair price for the stock/company. Nonetheless, the R40 dividend is juicy but at what price? I have no position.
TGA
levels of interest, the price won't necessarily follow any of these anticipated moves. The stock has to remain above R154 otherwise R120 becomes a possibility. It's a question of where are there any buyers that are willing to buy the shares at these levels and push the price up. Currently, the stock is trading below declining MAs, it's been like this YTD so it's not just an ex-divi thing.
On the far end there's valuation, what's the fair price for the stock/company. Nonetheless, the R40 dividend is juicy but at what price? I have no position.
