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