wouldn't that be classed as SP manipulation ?
Printable View
DRP takes the VWAP of the 5 days following the record date -2% discount.
Example of last years interim div.
Record Date = 3/04/2017
DRP Strike Date = 10/04/2017
Payment Date = 13/04/2017
Pre Div Record SP = 375.0
Post Div Payment SP = 366.0
Dividend = 10c
DRP Strike = 351.5
The biggest volume of the month followed the DRP strike day with an 11c gain.
And the SP carried on rising shortly after the payment date, hitting 385 on the 5th of May.
Date O H L C V 13-Apr-17 3.71 3.71 3.66 3.66 79,042 12-Apr-17 3.72 3.72 3.69 3.71 336,566 11-Apr-17 3.61 3.7 3.61 3.7 543,855 10-Apr-17 3.54 3.59 3.45 3.59 230,476 7-Apr-17 3.6 3.6 3.5 3.55 464,711 6-Apr-17 3.64 3.65 3.6 3.62 208,310 5-Apr-17 3.66 3.66 3.63 3.64 184,082 4-Apr-17 3.7 3.7 3.67 3.67 149,881 3-Apr-17 3.73 3.74 3.69 3.7 114,242 31-Mar-17 3.75 3.75 3.7 3.75 243,319 30-Mar-17 3.79 3.8 3.78 3.79 219,417
what's the lowest price this time?:p
drp strike day on tomorrow?
Good morning all,
Just a quick question, do we need to manually add the shares from the DRP to our ANZ/ASB accounts? I see that it showed up on link markets but not in my ANZ share account.
Thank you.
Good volume for Monday, over 850k shares traded so far. I guess Milford still offloading them and more importantly who's buying, that chinese outfit perhaps....