The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Yes your example did work. PINE dropped the equivalent of its dividend. It was 40p and paid 25p dividend per share and is after consolidation 15p.
Dags! Oh! Good point! Bleedin’ obvious but of course there’ll always be some out there.
Tak. i was more on about the 5 minute crew who may buy at close on wednesday and then sell on thursday.
Dans. Sure but the drop may not be 1p. Mms will drop it by the divi value usually, but then you could see buying immediately after that. It’s good time to buy anytime here given that even ex-divi, we will still be way, way below NAV. I’d say if you’re a bargain hunter, it’s best to get in at the basement.
Buying on wednesday is probalby not sensible into a rise unless the people buying are going to hold. you get the dividend but your buying at the short term high and next day is ex dividend day with a drop.
After that you will not receive a dividend, you need to buy before ex-dividend day. 25th.
I’m already in and will stay in afterwards anyway.
Atb.
PINE is 39p and paying a 24.5p dividend to everyone who bought before end of business today.
Yes Longlad. That will probably drop by the same value of the dividend. An even higher dividend than Seed. It’s equivalent to a dividend of 60% of the share price. When you look at dividends due there are some companies paying out even more than 60% too.
The Wednesday rush to get in will be interesting
There is a share going ex-d tomorrow, maybe not the best example though!!
https://www.dividenddata.co.uk/
I've just read that if you buy on ex div date or after you will not receive divi,but you must hold thre shares on record date
Another important note to consider: as long as you purchase a stock prior to the ex-dividend date, you can then sell the stock any time on or after the ex-dividend date and still receive the dividend. A common misconception is that investors need to hold the stock through the record date or pay date.
It’s always looks ambiguous but they always follow this pattern.
In order to qualify for the dividend you must have bought shares before the close of business on the day preceding the ex date.
What's the record date and why isn't it the same as the ex-dividend date?
Don't worry about the record date. It's an administrative date, usually one day after the ex-dividend date
How soon can I sell shares and still qualify for the dividend?
You can sell the shares as soon as the market opens on day they go ex. Usually they will already be marked down to reflect the ex-dividend status.
You are still entitled to the dividend if you sell a stock on its record date. Since the ex-date has already passed, it's the seller, not the buyer, who's on the books as the shareholder on the record date.
That's not what it says.the record date is always at close of business.
You have to have bought by end of business on 24th. You can sell on 26th and still receive dividend.
I understand it that the last time you can buy is the 25th,these will be recorded on the 26th.Anyone who sells before 08.00 Monday will get Jack..
From RNS:
The Special Dividend will be funded from existing cash reserves and is expected to be paid on 13 May 2024 to SEED Shareholders on the register of members of the Company on 26 April 2024 (the "Record Date"), with the SEED Shares being marked ex dividend on 25 April 2024.
My understanding is that ‘investors who purchase stock before an ex-dividend date are entitled to the next dividend payment while those who purchase stock on or after an ex-dividend date are not’.
So to be entitled to this dividend you need to be holding shares on the close of the 24th, to be on the register for the 26th (The Record Date).
The sell off for those that only want the divi will be the 25th.
Correct me if I’m wrong, please.
I’m in this Da. Not for long this time hopefully. Gl but don’t ever try and support Ed. He’s nothing short of a crook
Inherited 🤔These weren't Ed's initial purchases though were they?
You keep it up though sunshine.. 3p is knocking and there's feck all you can do about it 😎
I’ve been on LSE probably just as long. First invested in PE back in the late 80’s. Got removed from here for exposing the names Dagenham mentioned. They would post misleading articles after changing words and figures and they later were found to be pumping this while they were busy selling.
well laughing. i don’t want to mention too much as i’ve still got a bit invested here. many will know from in the past i’ve had over £100k in this. been in this before it was ffwd. never mind seed.
they made no profit from leap. got their money back after 7years.
lost £5m on factom - invested when all other investors refused to give them any money - yet they gave them £5m their biggest investment as they are buddies with history. lost it all
yooya, yooma and its previous guises. lost £3.5 m.
moon. sold their stake for £500k to a friend of a friend it was reportedly worth £10m at the time - that was probably true as said friends sold that same % for £50m just over a year after buying it from fffwd!!!! also that stake is worth £500m today . look what they could have won ehh.
that’s not mentioning dbc, schoold written off to zero. more millions lost.
they have lost millions more than they have gained. they have a lower nav - than they did 7 or 8 years back. it’s decreased all the time. it will decrease after they give some cash back too.
so don’t even get me started with this **** show. i’ve invested for a quick trade and like most wont be hanging around for long.
Yes, but they lost most of it
From LSE
Midas working overtime
Detalto. You do know Ed also said he expected to have a £50mcap following the sale of Leap. They haven’t made any money. They are handing back the fund to investors to pacify them. They haven’t made any money for years. Have you invested in a fund before ?
Can someone post this
They made multimillions from nuuvera, several million from Emmac, a £2m + return from Avextra right a profit from sale of Leap returning £2m to investors by way of special dividend. After dividend more than £4m cash and all the assets, zero debt, no raise etc
Many time’s, I’ve been investing for 29 years, I’ve been a member in lse since 2009, how about you?