Fatlad, my question was: is RIO traded by MM' or by SET?
Farmertally & xD
The reason I posted, was after seeing RIO SP drop more than the value of todays dividend, (from 3140p Mar 3 to 2960p this morning), despite the active 'sharebuyback' and it being a pre-xD trading day. Also after seeing reference to the trading in the linked report, (http://www.lulegacy.com/2015/03/04/investors-purchase-large-volume-of-put-options-on-rio-tinto-plc-rio/). I was curious as to why Rio price dropped on two days just before a significant xD. Unless, of course, there were actually two dividends that required two ex-divi dates and the first one was March 4th. Which is the reason I looked through this Rio site to see if anyone had the answer, do you?
RE: RE: re:ex-div
I checked my facts with our old friend google. Should know that to be fair but I do now. Thanks for the response and enjoy the RIO cycles. Sitting on my hands until a suitable entry point as came out at 3100 and 3250 which appears prudent with a modest profit. Good luck and my the cycles continue.
RE: RE: re:ex-div
Np problem Kite, the record date is a throwback to the pen and ink days, when it took 3 days to balance the books, like the House of Lords, it should be written out to history, IMHO, as it causes a lot of confusion. Chock dee to you.
ah...just checked my facts and I was talking rubbish. Time for another cuppa :-/
If you are a divi player then would this not be a time when people get out as well as ex-div? I might be missing something but thats my take. :-) Good luck also!
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