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that's a big spread for a company with no interest in it
just done a dummy buy and my broker wanted 9.30
you are going to get 8p in cash, it is like ex div.
Any ideas?? Most concerning drop
what is the reason for the drop?
Interesting link thanks. It may well be undervalued at the moment, but it's one of the more difficult calls!
wholly Owned Brazilian subsidiary with' severe financial difficulties'...anyone able to quantify the likely worst case downside?
Praxient loads again as others unload. Speculation anybody?
another one.....
big trade.....
thanks for the clarification, i did notice the charts did pretty much the same for the last divi but did rise up, hoping this is a good price to be in at today..
The reason its dropped is the ex dividend date is today. share pricing ex div is an interesting topic, and is a matter of art and science. Shares can drop more or less than the div amount, however in a totally efficient market with all information about the company known, it should drop by the same. With Trading Emissions, their net asst value post dividend is still about 40p a share, so they are trading a discount. Put it another way, you could buy the company at todays price of 19pence and dispose of it's assets, and make a 20pence profit per share. even in a fire sale, quick deal situation you could make 10pence a share profit.
but should the SP of dropped by the same amount? dvivi's dont usually..
My understanding is that you needed to have your shares before opening today (someone correct me if I'm wrong), in order to qualify (i.e. be on record by the record date) and get the 15p per share effective payout. The price is only down by that amount so nothing else going on here as far as I can see.
The European Parliament has narrowly passed reforms to the EU carbon market. Amended changes agreed by the environment committee last month were passed with 344 in favour and 311 against. The changes include a condition that the intervention will be a one-time event and a reduction in the number of withheld credits to 900m from the initial suggestion of 940m. It is hoped that holding back the allowances, known as ‘backloading’, will limit supply and lift the price toward a level that might stimulate CO2 reductions.
lol! ignore that last post!!!
notice the ex-divi date is 3rd july so is it classed as being at the end of the day?! not had any experience before with these!
Thanks BR, thought so, just checking twitter and found this posted 25mins ago: #EU carbon market climbing, up more than 8 percent, after parliament backs backloading
I guess possibly it's just down to fear and trepidation pending the vote today which you highlighted - http://online.wsj.com/article/SB10001424127887323936404578581570193903056.html
is this down to a combination of the divi & the EU vote today on carbon trading program or just the EU vote or something else? looks overdone to me...
Going ex-div on 3 July. Fill your boots while you can!
If I buy shares tomorrow will I qualify for the 15p distribution?
big trades babs....
Details still to come. So dont know. Could be exisiting shareholders only. But could rise to 30p short term pre divi then drop on divi. So win win? NO DAMN FUNDS!