Update dividend and exit position

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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December 1, 2023

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High Conviction Report | WHC.AX

We opened a position in Whitehaven (WHC) back on the 21^{st of} April 2023 buying 750 shares at $7.33. This morning we are going to exit the position at the current market price $7.25

One thing we failed to update at the time that we will do now is the dividend. WHC traded ex-dividend on the 31^{st of} Aug 2023. The dividend amount was $0.42, grossed up to include franking credits the dividend amount was $0.60.

We had hoped to hold this position for some time and collect additional dividends. But given the volatility we will exit today for a small profit.

CLOSED POSITION RESULT

Number of shares: 750

Dividend: $0.42 x 750 = $315.00

Franking Credits: $0.18 x 750 = $135.00

Entry : $7.33

Exit : $7.25

Capital loss : $0.08 x 750 = $60.00

Gross up dividend $450

Total profit of $390.00

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.