I never do this OT stuff, but go buy some, quick. Well alright, do some dd if you don't know the company, but this fall is related to a big-block sale on a thinly traded security, it is not based on news, there isn't any. Even if you don't want to own it, take a look for the s/t profit. It will probably pay a .95 cent or higher dividend Q3 (the payout varies), and can sustain .85-90 over the next year easy. Do the math.
Board members...AWLCF (yield now about 22%) is one of my core holdings...my last dividend after currency exchange fees was $1.07 a share (yield is higher now because of the drop in share price)...I am well in the money on AWLCF and I am adding more at this time...! Also, CEFL (is a doubled leverage (2X) high yield ETN) now has a yield of about 18.2% and pays monthly...! $tagg...!
Looks like I won't be able to join the party. My broker told me it does not allow transactions in five symbol stocks which trade only on foreign exchanges because it involves additional fees and "isn't advantageous to us." I was only going to take out a 200 share flyer anyway. Still, if this pops back two or three points, my broker's policy will cost me $500 or $600. This is the first time I've witnessed the downside to using a deep discount broker ($4.95 standard trades).
Thanks again, Bob. I bailed from my 2000 #$%$ 20.10 figuring it was a nice profit in the very short term. Probably sometime between now and the end of next week it'll be above 21. Hope you make a bundle.
it looks like a trading stock as you just proved. Ron. I wouldn't want to get stuck when someone else decides to dump. Gl. to those that want to take the plunge. I will just keep adding to my LNG and KMI ,
I'm going to hold, I did an in-depth cash flow forecast for the next four quarters, and I figure they'll be able to pay (on average) just over a buck. But, hey, nothing wrong with a profit in the morning.
Hey Bob, thanks for the really interesting heads up. It's a tiny Scottish company with lots of big contracts for its two sea-drilling rigs and a monster dividend payer. You're certainly right about the no-news drop, so gambler that I am I bought some at 19.29. It's 19.53 on the bid as I write this and still WAY down for the day. Stuff like this can happen with generally illiquid stocks. A block sale followed by a panic blowout. Kind of like when I was trading heavily 15 years ago.
Lovely, the cash dividend return is killer, not $1.15, they can't keep that up (higher taxes for one thing), but at least .85-90 cents until very late in 2015, when there will be a two-quarter divot for yard time. I took more at $19.66 and $19.70, seems to be recovering, and I didn't want to miss it. This is a total aberration indeed, the main dude needed to raise money to buy into a cruise ship deal, and was forced to dump a huge block, nearly 30 times the average volume.