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Added, small.
Absolutely zero chance of seeing £1.80 (unless there is another pandemic or a further war breaks out). Ex-dividend the reason for the majority of the drop and the further incidental 1-2% could be down to anything, end of tax year, dubiety on rate cuts, etc.
This will start to rise again next week and I don't see it dropping much more (if at all) from where it sits now. I suspect it will be back in the 220s next week, with a rise up to at least £2.50 come summer and after that, when things settle down, interest rates are cut, the wars come to a close, the markets settle, etc. who knows how high it will go.
The results were decent, dividends maintained and all staff have been given chunky bonuses and wage rises. The company is in a good place and the share price will catch up with that sooner or later.
Todays price is an excellent buy price and if I had spare cash I'd be buying today. I'll be absolutely astounded if anyone manages to get in at £1.80 (world wars or other major events notwithstanding).
Best of luck all
Why the big drop?
The shares went ex-div on 28th March.
This is basic stuff.
I have altered it to £2. 😂😂
Thanks for that Mary, I better revise my buy order to a lower entry then, lol.😂😂
“Why such a big drop ?”
Easter. A large part of the City is skiing, so thin trading volumes.
Retail punters are selling end of year to bed-and-ISA into a thinly traded market.
It will eventually retrace to sub 180p. No hurry to but but may start around 195p
Why such a big drop ?
'predictable'..
...and expected. Have my order in to buy @ 210. Probably it will drop lower than that. Brace yourselves everyone, and good luck.
I'm holding around 4 company shares just prior to ex divi date. Not sold any yet. Divi payouts early May. So looking fwd to receiving them.
MVarawa, just been reading your posts on Lloyd's bb over the past few days 😃 recommends from me!
I'm out of Lloyd's as it's joined with no 10/establishment.
226p sell sounds about right after ex divi.
gl with your trades.
ATB
1.ARMANI
I have a sell in at 226, will buy back at 220 and repeat, build up your shares with out forking out any money .
The spread covers the trading and tax but leaves enough to build up the holding .
But everyone to their own.
Hoping to add a few more.
Buy order set 220p
gla
I brought some share (in another company)the day before ex div date and sold a week later(at a small profit) to check this theory have to wait a couple more days before payment date. Let you know if it didn’t work
B-w-f
“Ex-dividend “ means “without dividend”. Hence the Ex date of the 28th meant that the 28th was the first date that you buy the shares without the dividend. So the last date to buy with the div was 27th.
Hopefully this clarifies the situation.
Yeah, no intention to sell for a while. Thx for helping answer my query. Some nice divi stocks out there.
Lamorama
Yes you’re good for this dividend even if you sell next week. No need to hold until payment date, but wouldn’t advise selling too soon as hopefully SP will recover.
I bought quite a few on 26th. Still holding now, so I guess I'm eligible for the dividend payment ? Thx.
Ex dividend date slightly misleading in my view. Ex div day was announced as 28th Mar but 27th was actually the last day to hold shares to get the dividend. Might help some, new to holding shares myself.
Spikeyj, your so particular with your attention to detail? only joking mate
Let's hope we can all make some money for our gambling sins
Happy Bank Holiday all
“Buying today will earn the right to the next two dividends …”
- only if those shares held until those next ex-div dates.
Drop pretty much as expected really no disasters, will be reinvesting dividends here and should this drop back to the 190s will be happy to add more, but hopefully it will keep on rising instead
gla
Stock Market closed tomorrow.. Need to wait until Tuesday.
Weird the SP has fallen a little more than the dividend. Although it’s EXD today with dividend at 13p I would expect to fall maybe 8 or 9p. It’s better to by these shares EXD really, no tax and bigger saving than the dividend. I guess people will top up tomorrow before ISA closing day and we could see a small bounce back…