The pre-determined sell point is reached and my sell order kicks in. As I held for more than 45 days I am eligible for the franking credit. I’ve held for 46 days ;).
Return before franking credits
0.04 trading gain
0.07 on 1.40 = 5% for 46 days holding (before brokerage).
$402.15 (0.07 x 5745) less $43.78 brokerage = $358.37 plus franking credits.
What if ALZ recovers back to it’s 52 week highs of $1.93? I didn’t research this as a value stock so I don’t know. But I’ll take a 2.5% per month return anyday.