If dividend of 0.005 cent can be maintained, how risky is average down from here?
At 9 cents:
Buy 10,000 shares, cost = $ 900 (dividend yield = 5.6%)
Downside risk at 8 cents = loss of $100 (-11%)
At 8 cents:
Buy another 20,000 shares, cost = $ 1,600
Total cost of 30,000 shares = $ 2,500 (dividend yield = 6.0%)
Downside risk to 7 cents = loss of $ 400 (-16%)
Upside risk to 9 cents = gain of $ 200 (+ 8%)
At 7 cents:
Buy another 40,000 shares, cost = $ 2,800
Total cost of 70,000 shares = $ 5,300 (dividend yield = 6.6%)
Downside risk to 6 cents = loss of $ 1,100 (-20.8%)
Upside risk to 8 cents = gain of $ 300 (+ 5.7%)
Upside risk to 9 cents = gain of $ 1,000 (+ 18.9%)
At 6 cents:
Buy another 80,000 shares, cost = $ 4,800
Total cost of 150,000 shares = $ 10,100 (dividend yield = 7.4%)
Downside risk to 5 cents = loss of $ 2,600 (-26%)
Upside risk to 7 cents= gain of $ 400 (+4%)
Upside risk to 8 cents = gain of $ 1,900 (+ 18.8%)
Upside risk to 9 cents = gain of $ 3,400 (+ 33.7%)
At 5 cents:
Buy another 160,000 shares, cost = $ 8,000
Total cost of 310,000 shares = $ 18,100 (dividend yield = 8.6%)
Downside risk to 4 cents = loss of $ 5,700 (-31%)
Upside risk to 6 cents= gain of $ 500 (+2.8%)
Upside risk to 7 cents= gain of $ 3,600 (+19.9%)
Upside risk to 8 cents = gain of $6,700 (+ 37%)
Upside risk to 9 cents = gain of $ 9,800 (+ 54%)
At 4 cents:
Buy another 320,000 shares, cost = $ 12,800
Total cost of 630,000 shares = $ 30,900 (dividend yield = 10.2%)
Downside risk to 3 cents = loss of $ 12,000 (-39%)
Upside risk to 5 cents= gain of $600 (+1.9%)
Upside risk to 6 cents= gain of $ 6,900 (+22%)
Upside risk to 7 cents= gain of $ 13,200 (+43%)
Upside risk to 8 cents = gain of $19,500 (+63%)
Upside risk to 9 cents = gain of $ 25,800 (+ 83%)
At 3 cents:
Buy another 640,000 shares, cost = $ 19,200
Total cost of 1,270,000 shares = $ 50,100 (dividend yield = 12.7%)
Downside risk to 2 cents = loss of $ 24,700 (-49%)
Upside risk to 4 cents= gain of $700 (+1.4%)
Upside risk to 5 cents= gain of $13,400 (+27%)
Upside risk to 6 cents= gain of $26,100 (+52%)
Upside risk to 7 cents= gain of $ 38,800 (+77%)
Upside risk to 8 cents = gain of $51,500 (+103%)
Upside risk to 9 cents = gain of $ 64,200 (+128%)
At 2 cents:
Buy another 1,280,000 shares, cost = $ 25,600
Total cost of 2,550,000 shares = $ 75,700 (dividend yield = 16.8%)
Downside risk to 1 cents = loss of $ 50,200 (-66%)
Upside risk to 3 cents= gain of $800 (+1%)
Upside risk to 4 cents= gain of $26,300 (+35%)
Upside risk to 5 cents= gain of $51,800 (+68%)
Upside risk to 6 cents= gain of $77,300 (+102%)
Upside risk to 7 cents= gain of $ 102,800 (+136%)
Upside risk to 8 cents = gain of $128,300(+169%)
Upside risk to 9 cents = gain of $153,000(+203%)
At 1 cent:
Buy another 2,560,000 shares, cost = $ 25,600
Total cost of 5,110,000 shares = $ 101,300 (dividend yield = 25.2%)
Downside risk to 0 cents = loss of $ 101,300 (-100%)
Upside risk to 2 cents= gain of $900 (+0.8%)
Upside risk to 3 cents= gain of $52,000 (+51%)
Upside risk to 4 cents= gain of $103,100 (+102%)
Upside risk to 5 cents= gain of $154,200 (+152%)
Upside risk to 6 cents= gain of $205,300 (+202%)
Upside risk to 7 cents= gain of $ 256,400 (+253%)
Upside risk to 8 cents = gain of $128,300(+303%)
Upside risk to 9 cents = gain of $358,600(+354%)