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Why would it drop to 1.5p when it was over 2p before dividend announcement, share buy back means just that , shares are being take out of circulation so less shares available, meaning our shares are worth more than current mkcap each time they buy back.
Best to hold get your dividend and usually the sp moves up anyway and that’s without share buybacks.
Win win , so will be up again tomorrow more than likely as it’s the last day to get in before ex-divi.
I have never bought Investment Trust shares before so not sure how the share price works but equity stocks with this low volume of shares in issue, together with progressive buying and on top of that company buying their own shares how can it be only 3p now, let alone tomorrow? - if this slow rise is natural for this sort of stock surely it works the other way?
How do I not understand it? Yes volume has increased which will help the amount that can be bought but if the SP could drop from 4.4p to less than 2p with the share buyback in force it can certainly drop from 2.85p (or effectively 1.85p) to 1.5p by early next week.
Anyway, just my prediction.
Daprohet too right. people are going to buy this for more dividends in the future but already on board. and a rising share price after the drop in the coming weeks/months. as long as you are already in and holding you win. on the other hand people buying in now ready to sell quickly after ex dividend because they need the money are not going to make the money they think they will. and buyers buying after ex dividend will get cheap stock along with future dividends if they hold. it is simple. get in and hold. of if already in just hold after ex dividend in my opinion.
I don't think you quite understand what share buyback entitles takeaim
Lets not forget this could he the first of many special dividends as Ed has highlighted.
Of course it will drop at first and then the buying opportunity will commence
Which is fine.
The reason for this would be lack of trust in management to keep the SP above the water line. However looking back more of you would have jumped in Sub 2p if you'd known Ed was actually going to provide for us.
So on Monday if it does fall back down it presents another cheap opportunity for buyers to load up again pending another Sale / announcement.
Let's be honest, nobody is buying this at 2p ex dividend when that's the price you could have had it before the dividend.
1.5p is my prediction next Monday. Let's see......
But the ask is at 3p now to buy. the best buying price between 2.2 to 2.7 has gone. so the drop on ex dividend is going to hurt buyers now compared to those already in and holding.
Cheers Swazzers
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Like I already said 1 4 . If they or anyone buy today or tomorrow at 2.85. Even if it drops back to 2p they will have still made money....not much...by buying today at 2.85 rather than buying at 2p ex-divi. in a couple of days
Exactly that’s why Ed said this in the rns on the 16 April.
Ed McDermott, CEO of SEED, commented: "It has long been an ambition of ours to pay a special dividend to reward shareholders. This achievement underscores our confidence in the Company's current financial strength and future prospects, as we believe our existing portfolio and new investments have the potential in the next years to replace the value paid to shareholders now. Whilst we remain in difficult equity markets, we are seeing attractive investment opportunities particularly in businesses seeking to fund growth.
"Post payment of the dividend Seed retains in excess of £4m in cash and we continue to seek opportunities that we believe could see significant returns for our shareholders. We look forward to providing further portfolio updates in short order."
It would’ve made more sense to buy more shares before announcing the dividend rather than after the dividend when the price has gone up. I’d say they’re confident it’s not going to drop
Errrr yes. Because all the shares they’re buying would lose value Midas. They might get a dividend but buying today at a higher price meant they’d actually lose out if the shares dropped in value by the placing price - would they not?
They can, as others can, buy today or tomorrow for 2.85. Even if it drops back to 2p they have made money by buying at this price.
Errmmmm probably so they can also receive the dividend for all the shares they have in treasury, its the share buyback plan. They wont have to wait a couple of weeks, it will fall when ex divi as all shares do. Did you really need that answering?????????????????
Be buying, not are buying.
Why would Seed are buying their own shares at todays price for a 30% dividend if they can wait a couple of weeks and buy them cheaper according to you?
Be interesting to see who buys this one?
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Everything says stick at these prices.. Buyback intensifying /cash in the bank and assets virtually priced at zero!
There's not alot of choice out there these days so a prudent investor should take heed in here
Deltalo. yep. it is just stupid piling in and then selling on ex dividend date. only game in town is hold, hold, hold where you benefit from share price recovery after ex dividend and the dividend itself. infact by the 13 may get the dividend and shares may be back up.
Dagenham
That’s exactly what I’m doing,
Best thing to do .
Defo you can not have your cake and eat it short term. and buying at the highest price before ex dividend and then selling is madness. your divi benefit will be small and you may even be on a small loss with costs also depending on what money you put in.
The stock price usually drops by the amount on ex dividend day. i am just sticking with what i have, pick up the divi on the 13th, hold and i may buy more on the drop if ed comes out with a forward looking statement. it is nuts to buy on the 24th if you are just going to sell straight after ex dividend in my opinion. you get the divi but will lose on your shares. it has to be a hold in my opinion and then you get both in time. share price increase and dividends in low risk aim stock that is cheap.