THL - Tourism Holdings

[Yoda]

Selling and pushing price lower to get a better DRP price. Often cited as a reason for movements in stocks like today

But is this actually a common practice / strategy? Or just a theory?

Wonder if any evidence exists to say this happens ?

I have no idea but genuinely interested ..maybe an opportunity

wouldn't that be classed as SP manipulation ?

[iceman]

which day is the last day of DRIP 5 days?

5 working days after the 4th, I believe.

I am with winner on this. Is there any evidence that anyone can or has pushed down prices to reduce the DRP price ? Whatever the answer is, I'm happy to accept whatever the price will be on this one.

[hardt]

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

[Justin]

what's the lowest price this time？

[winner69]

5 working days after the 4th, I believe.

I am with winner on this. Is there any evidence that anyone can or has pushed down prices to reduce the DRP price ? Whatever the answer is, I'm happy to accept whatever the price will be on this one.

Probably just another urban myth created by worried punters who want reassurance that there is good reasons why a share price falls

[Justin]

drp strike day on tomorrow?

[Derain]

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.

[Filthy]

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.

Yes, you need to add manually

[Derain]

Yes, you need to add manually

Thank you!

[sb9]

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....