Merafe Dividend messed up analysis to the upside of R2.00
What a difference a dividend makes!
The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly.
I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer.
So last time, we saw a Dividend release in September, it took 6 months for the share price to make it's way up and close the gap.
Now it is likely for the same thing to happen.
This is not a technical analysts haven type market because fundamentals trump the price action.
But overall, I guess shareholders are remotely happy for their income distribution and in the long run Merafe will one day hit R2.00 :D
The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly.
I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer.
So last time, we saw a Dividend release in September, it took 6 months for the share price to make it's way up and close the gap.
Now it is likely for the same thing to happen.
This is not a technical analysts haven type market because fundamentals trump the price action.
But overall, I guess shareholders are remotely happy for their income distribution and in the long run Merafe will one day hit R2.00 :D
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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