ZIM Integrated Shipping Services had a strong Q3 earnings release in November beating the expectations. They raised their 2024 full year guidance of 300M and it's very likely they will give another good dividend for the upcoming quarter.
After the earnings release on Nov 20 the price shoot up to $30 and came back down in the oversold territory of $19, the P/E of the company is fairly low right now.
One of the reasons about that recent drop in price is because it's a dividend stock and they will pay a juicy $3.65 per share on Dec 9 which represents 16.5% on the last day (Nov 29) before trading ex-dividend (Dec 2).
The stock is currently consolidating and staying in the range of $18 to $21 until the dividend is received (Dec 9) and starting next week I'm expexting to stock price to move back up again.
The company added 42 new ships in the past 3 years and they are expecting 4 more ships by the end of 2024. More ships shoud bring more revenues if no outside factors disturb their activities and the container price stays in the same range.
That's my quick thesis on this stock and if you dig deeper I think you should feel comfortable in putting money on this play. Source as always : Trust me bro!
TL:DR ... I expect ZIM to go up in the range of $24.5 / $26.5 within the next 2 months. You can play safe and buy shares of try calls for Feb 21 or later.
Positions 120k :
5500 shares @ $22.12 (pre-dividend)
55CC Dec 6 strike $21.16
Waiting for my dividend on Dec 9 5500 x $3.65 = 20k
This is not financial advice I'm just another regard who is up 300% this year and hoping for more. Cheers!