Thanks. When I first started at this, I used to drool at high percentage dividends and buy immediately. Now I see it the way the market wants me to see it i.e. a high dividend is a risky payout in parallel with a falling share price. High dividend percentages also give a company room to cut the dividend in the future to retain cash for its business. Good luck with your trading, and time will tell to see how Voda plays out.
Technically, This is heading lower and might break the triangle pattern formed since 2014. 200p resistance was established in 2007 & 2001, and has to break that to head lower.
For me the monthly chart tells the story and the high dividend tells me the market sees VOD as a higher risk.
Here's my take: https://uk.tradingview.com/i/Fj7cGtI3/
Beg to differ. Market in Centrica share has hardly blinked on the news and volume is low. Price has only moved less than 1% today, and that tells me all I need to know. CNA needs much more positive results to shift the share price North.
PS: In late April the market was gearing up for good results with the rise from 145 to 157, but after the divi it could be pegged back to 147 depending on who prevails; bears or bulls.
This was a bearish flag from March to May in a downtrend. Today it broke to the "wrong" side; upwards. So there could be some optimism and a possible bullish reversal. Let's see what the next few weeks bring.
Today's rise so far is 3%, not even enough to cover the bid/offer spread. The market has been luke warm over today's results. Not bullish yet, but could be promising.
Missed the boat? Only if you day trade. This is the 1st 10% rise from a significant downtrend. If you're a swing trader you might want to buy in the next few days for a target of about 740p. GLA and DYOR
Short term uptick so far, and on the daily chart it looks good.
If you change the chart to a monthly timeframe, you'll see no change in the downtrend. Of course, surprise news could change all that. GLA