Are the new shares entitled to the dividend ? (issue date is ex date, so I assume not)
2.5% saving or the div.,there not much in it
Were the institutional investors entitled to it?
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Are the new shares entitled to the dividend ? (issue date is ex date, so I assume not)
2.5% saving or the div.,there not much in it
Were the institutional investors entitled to it?
Yes, entitled to the dividend. See post #2060 for an extract from the offer.
Thanks, yep the brokerage does help a little and you did remind me that I am trying to build up income streams in these uncertain times. I used to rely on dividends and term deposits and even the call account rates in Jarden were enough to keep me happy staying in cash. Now, some of those dividends are suspended so regular divs are awesome. I still want a decent wad of cash to go shopping for bargains but other than that compounding growth stocks or high dividend yield is the name of the game.
I always like to have cash to buy dips and the global economy is on shaky ground right now so I see some bargains coming up.
If I had timed it right on CEN and MEL I could essentially buy back in and have 50% more shares.
I need to pay far more attention to Blackrock. I own shares in NASDAQ:SAVA which went up to US$117 when Blackrock were buying and then subsided to around $60 and now US$45
The Blackrock effect is real and can literally double the share price. Next time I'm selling!
Of course, I don't always get it right. I didn't go all in on Serko and only bought a modest amount and that went up like crazy after the SPP. No one has a crystal ball. You just have to make the best decision at the time and your arguments are highly persuasive.
CEN down 21c? Just grabbed some for 6.77c
If average sale price for the week is $7.00 then possible SPP $6.82.??
Well, since I've already applied for my offer shares, I'm happy for it to run as low as possible today, so I end up paying less for them. Then the SP can begin a steady recovery on Monday!
:cool:
The VMA for the 5 days, is that the price at the close of each of those days ?
Big sell just took out all liquidity. That said, happy to join you all as a holder.
Sold at $11 bought back in at $6.63
Yeah, it looks good on its own but I’ve got plenty of those CSW’s as well tango
Looking at the NZX trading data for the week just ended, we had 9,117,157 shares traded for a total value of $63,026,261. This is an average of $6.9129, so less a 2.5% discount would produce a SPP issue price of $6.7401, which will be rounded down to $6.74. Do I have the calculation correct?
I guess it is because I support a small local full service local broker, and I don't do the grand volume of trades you do oh Master. Or maybe its a case of 'kick the dog.'! Either way, the length of time I tend to hold shares makes the brokerage rate not material in the big picture.
SNOOPY