CHI - Channel Infrastructure Ltd (NZR)

[bull....]

Singapore feb margins were down from jan depends how good nzr uplift was, still should be good

[sb9]

.......possibly/probably good buying today??

May be not, seems as though the selling pressure is still on by the looks. Wait and see I guess...

[golden city]

As interest rate cuts. People will buying into the dividend story. Nzr will be bound up soon

[sb9]

As interest rate cuts. People will buying into the dividend story. Nzr will be bound up soon

I think once the next margi/throughput is out it'll start moving in my opinion.

[Jinx]

http://www.refiningnz.com/media/1045...10th_march.pdf

"Increase gross refining margins, and lift cash flow $50 -$55 million a year"

[Mickey]

"Increase gross refining margins, and lift cash flow $50 -$55 million a year"

Cool - hope that we see the extra cash flow reflected back into dividend payments.

[Dej]

Just thinking out loud here, I wonder why someone would sell out on the 9th of March (when we opened 20c lower) when the dividend record date is a day later? Weird time to sell out...

[BlackPeter]

Just thinking out loud here, I wonder why someone would sell out on the 9th of March (when we opened 20c lower) when the dividend record date is a day later? Weird time to sell out...

Ex dividend for NZR was March 9th (https://www.nzx.com/markets/NZSX/sec.../NZR/dividends). This means - whoever sold NZR shares on that day day sold them "ex" (i.e. without) dividend and kept the dividend for him/herself.

Don't mix this up with the record date (which was March 10 - after closure of stock exchange). If you sell shares on March 9 (during stock exchange hours), than you are (with T+2 settlement) still until March 11 (during stock exchange hours) recorded as owner - i.e. eligible for the dividend recording on March 10.

Confusing, I know ... clear like mud?

[macduffy]

Yes, the current NZX/company practice of quoting "record date" and "payment date" in dividend announcements can confuse those of us who became accustomed to working to "ex div" dates. If buying or selling it pays to check whether shares are being quoted ex or cum div at the time.

[Dej]

Ex dividend for NZR was March 9th (https://www.nzx.com/markets/NZSX/sec.../NZR/dividends). This means - whoever sold NZR shares on that day day sold them "ex" (i.e. without) dividend and kept the dividend for him/herself.

Don't mix this up with the record date (which was March 10 - after closure of stock exchange). If you sell shares on March 9 (during stock exchange hours), than you are (with T+2 settlement) still until March 11 (during stock exchange hours) recorded as owner - i.e. eligible for the dividend recording on March 10.

Confusing, I know ... clear like mud?

Thanks for that, definitely slightly cleared the mud!

So they waited till they owned the dividend and then sold the shares. Makes more sense now!