George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Be interesting to see who buys this one?
03 March 2021 - EMMAC Life Sciences publish their Memorandum & Articles of Association.
9 March 2021 Curaleaf announce that it had signed a definitive agreement to acquire EMMAC
05 April 2024 -Clean Food Group - Publish their Memorandum & Articles of Association.
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.
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