More Announcements

A slew of dividend announcements:

Perpetual Trustees (PPT): $1.3 on the 5th September
Flight Centre (FLT) : 92 cents on the 15 September
Select Harvest (SHV): 25 cents 2nd September
Regis (REG): 5.9 cents on 2nd September
Village Roadshow: 13 cents 13th September.

Select Harvest had the largest negative reaction dropping 9 percent on the day while Flight Centre was greeted positively. It is the Ex-Dividend day for Wesfamers today and I will sell on the open and purchase a new parcel of shares.

WES Wesfarmers results announced

Wesfarmers announced their results today. The share price dropped over 2% when they announced a 83% drop in profit for the year mainly due to losses in Target and its coal businesses. The dividend was also cut from $1.11 to 95 cents.

IMF also dropped today after last night's announcement.

IMF BENTHAM Announcement

The final dividend was announced today and it was 7.5 cents as opposed to 5 cents the previous year. However the interim dividend was missed this year so the total dividends was in fact less. Ex Dividend date is the 26-September and the payment is 21-October.

Position @ 22-Aug

Closed positions remained the same with a total of 3145. For the open positions:

Code	Bought	Ex Date	Buy Price	Volume	Dividend	Last Close	Profit	% Gain	% Dividend
WES	8-Jul	25-Aug	40.46	126	1.100	43.18	342.72	6.7%	2.72%
SHV	11-Jul	27-Aug	7.42	736	0.350	6.92	-368.00	-6.7%	4.72%
PPT	15-Jul	1-Sep	43	90	1.250	46.78	340.20	8.8%	2.91%
REG	18-Jul	3-Sep	4.97	810	0.150	4.575	-319.95	-7.9%	3.02%
AHG	25-Jul	10-Sep	4.37	930	0.120	4.97	558.00	13.7%	2.75%
VRL	27-Jul	11-Sep	5.37	745	0.140	5.35	-14.90	-0.4%	2.61%
FLT	2-Aug	16-Sep	32.06	124	0.960	34.8	339.76	8.5%	2.99%
IMF	12-Aug	23-Sep	1.637	3076	0.050	1.685	147.65	0.4%	3.05%
							1025.48	2.9%

There was an overall drop of $180. There was a major drop in REG (Regis Health Care) today of 6%. This is due to a cut in funding of aged care by the Federal Government. Countering this AHG rose on its results announcement. Most of the other shares were slightly lower than last week

AHG Announcement

AHG maintained it's final dividend of 13 cents going ex-Dividend on the 15th September. AHG has halted trading as AHG is making a share placement amongst the institutions and a smaller one amongst retail investors. The price is at 6% below yesterdays close.

These issues are good for long term investors but gives unwanted volatility for the short term trading that I do.

Position @ 15th August

Completed positions

Code	Bought	Buy Price	Volume	Dividend	Sold	Sell Price	Dividend Paid	Profit	% Gain
CQR	10-May	4.85	1050	0.141	15-Aug	4.874	148.05	173.25	3.4%
PRG	13-May	1.545	1700	0.050	26-May	1.9	0	603.50	23.0%
PRG	13-May	1.55	1600.00	0.050	1-Jul	1.71	0	264.00	10.7%
HPI	18-May	2.76	1811	0.084	28-Jun	3.07	0	561.41	11.2%
ABP	31-May	3.29	1524.00	0.085	20-Jul	3.19	129.54	-21.34	-0.4%
RIO	26-Jun	43.42	65	1.440	13-Jul	49.61	0	402.35	14.3%
SUN	28-Jun	11.57	216	0.370	27-Jul	13.42	0	399.60	16.0%
RIO	26-Jun	43.42	50	0.591	11-Aug	49.615	29.55	339.30	15.6%
SUN	26-Jun	11.57	216	0.380	12-Aug	13.15	82.08	423.36	16.9%
							389.22	3145.43	10.4%

The completed positions are now running at an average of a ten percent per trade return. My own modelling of this system shows an average return of closer to 6% per trade. The return of the system is how many trades can be done within a year. Assuming trades that are held for 47 days then we should be able to turn over capital seven and a half times or a 46% return annually. Higher if compounding is taken into account. Of course, every year is different, but back-testing this system, showed that almost all years since 2000 are profitable.

Open Positions:

Code	Bought	Ex Date	Buy Price	Volume	Dividend	Last Close	Profit	% Gain	% Dividend
WES	8-Jul	25-Aug	40.46	126	1.100	42.6	269.64	5.3%	2.72%
SHV	11-Jul	27-Aug	7.42	736	0.350	7.19	-169.28	-3.1%	4.72%
PPT	15-Jul	1-Sep	43	90	1.250	46.9	351.00	9.1%	2.91%
REG	18-Jul	3-Sep	4.97	810	0.150	4.95	-16.20	-0.4%	3.02%
AHG	25-Jul	10-Sep	4.37	930	0.120	4.8	399.90	9.8%	2.75%
VRL	27-Jul	11-Sep	5.37	745	0.140	5.37	0.00	0.0%	2.61%
FLT	2-Aug	16-Sep	32.06	124	0.960	35.1	376.96	9.5%	2.99%
IMF	12-Aug	23-Sep	1.637	3076	0.050	1.635	-6.15	0.0%	3.05%
							1205.87	3.4%

This is a total current profit of $4340 which is an increase of $500 over last week. There have been 2 sales - SUN and RIO and a single purchase IMF. Nothing really happening this week but a lot of announcements next week. The Dividends and Ex Dates are based on last years so the dates may change.

IMF Trade

Bought IMF 3076 shares at 1.637. Last year there was a 5 cents dividend that went ex on the 23 September.

The current position is:

Code	Bought	Ex Date	Buy Price	Volume	Dividend	Last Close	Profit	% Gain	% Dividend
WES	8-Jul	25-Aug	40.46	126	1.100	42.59	268.38	5.3%	2.72%
SHV	11-Jul	27-Aug	7.42	736	0.350	7.24	-132.48	-2.4%	4.72%
PPT	15-Jul	1-Sep	43	90	1.250	47.05	364.50	9.4%	2.91%
REG	18-Jul	3-Sep	4.97	810	0.150	4.94	-24.30	-0.6%	3.02%
AHG	25-Jul	10-Sep	4.37	930	0.120	4.66	269.70	6.6%	2.75%
VRL	27-Jul	11-Sep	5.37	745	0.140	5.34	-22.35	-0.6%	2.61%
FLT	2-Aug	16-Sep	32.06	124	0.960	34.28	275.28	6.9%	2.99%
IMF	12-Aug	23-Sep	1.637	3076	0.050	1.645	24.61	0.1%	3.05%
							1023.34

This is a profit of 2.88%.