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Just posted as it does seem ambiguous in RNS. It does sound like you need to be holding on the 26th. You can actually sell on 26th and still receive dividend.
Ex dividend day is the 25th, you need to be in and hold to the 26th,
So you wont get it cheaper because if you sell on the 25th you won’t get your dividend payment.
Sp will rise towards that day.
It says the 26th april. i take it if you sell on the 26th you will not get the dividend. but i may be wrong. in anycase the shares will have dropped from ex dividend day.
When is the latest time I can buy shares and still qualify for the dividend?
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.
Midas. yep . it is not a full 3 trading days. but we know what it is like . shares can be down 10 percent on opening on the 29th. not saying it will but that can happen. and if many start selling on opening on the 29th it would be 3 down days since ex dvi on the 25th. and 3 down days in a row we know these shares can drop alot.
Good point Barwickman. Something I’ve already looked at. Dagenham. You know you can sell on the Friday and still get the dividend? As long as you hold before ex dividend
So is the share price going to move up a fair bit in the next week with ex dividend coming up. i still like my idea. we all buy in on the 26th april sending the share price up after it gets hit on ex dividend day the 25th .
Remember those who have a few CGT only 3k this tax year, think your ok if in your ISA, don't get caught out, GLA
midas. look at this. so it drops on the 25th ex dividend day and the drops the day after on the 26th. that is what is likely to happen. but if we all pile in on the 26th and buy more shares sending the share price up and we get more dividend after buying more shares because the cut off day is the 26th. you could not make it up. if we all dit whoosh and more dividend money. who the **** knows. lol.
Here is another thing. so it drops exdividend day and the day after which is the 26th april. but you could buy in at the lower price on the 26th and still get the dividend. unreal. so play your cards right and work it out. maybe we all buy more shares on the 26th april. lol.
It will be interesting to see ex dividend. Good luck whichever you decide Dagenham.
No. It’s not 3 trading days. It means you have to be on the register Friday 26th. But can sell first thing Monday 29th
Those buying in at 2.5 get 40% of their money returned in a few weeks. Sounds amazing.
It’s the equivalent of an SEIS. Private equity investment. Though this hasn’t got a very good history to back up the reasoning. Time will tell. Good gamble for many if they can get in low enough. Not sure why many are talking of multiplying the share price ?? Its NAV is around 6p. A very popular well managed fund would have a sp of 5p a badly managed fund maybe 4p and so on. Following the dividend it will have a slightly lower NAV and obviously less cash to possibly invest and make more money ( that’s the idea Ed ). An experienced fund manager would probably invest available cash to try and increase the NAV and the SP. Ed has the shady history which is why the SP is so low. The SP is currently about the right level. Would you pay 3p for this ? Get 1p as a dividend and sp back to 2p ex dividend. At this price it has still a bit of money to be made.
Midas. i am not sure. i may buy more ex dividend with a good outlook from ed but i think i will be holding anyway. i have a low average under 3p and will get the dividend. it depends what ed plans with that other 4 million plus etc before i decide what to do. but one thing for certain. ed has played a blinder by saying ex dividend is on the 25th but you must be on the register on the 26th to get the dividend. it means they will not be able to sell till the 29th. lol. that means 3 trading days before they can sell. i know what you mean . people turning up talking crap of how they are going to hold but will sell on ex dividend day. however it is not going to be that simple when you look at the dates.
The shares would have to go up alot in this next week to cover 2 down days and infact into a 3rd day before they can sell. most newbies have bought between 2.5 to 2.8. if the shares drop to 2p with a large spread by the monday as you say they will end up with losses but will get the dividend. but that is not that good compared to holding for hopefully a rise in the coming months.
Still not a bad return. If you buy at 2.5. Get 1 dividend and sell at 2 ex dividend. 20% in around a month.
Are you thinking of holding Dagenham ? Might be another buying opportunity ex dividend for those interested.
But the shares will have gone down over 2 days. and hardly anyone bought in at 2p. they jumped in on the 20 percent move up the day of the announcement with a big spread. ed has played a blinder. most will have bought at 2.5 to 2.8.
They can’t sell on the Friday 26th but they can on the Monday.
Yes. That’s what I’m saying. They can sell on the 29th and still get the dividend.
Midas. if they sell on ex dividend day they will not be getting the dividend. they will have to hold at least a few days . if it catches some of them out so be it.
Exactly. They will sell after the 26th. Obviously.
Seed have played an absolute blinder. they will not be running anywhere. you have to be on the shareholder base on the 26th april to get the dividend. if they sell on ex dividend on the 25th april they will not be getting the dividend. very clever of ed. so holding for profits after the dip and getting the dividend.
Ex-dividend this will be less attractive than it is now. It’s 2.7p to buy now with a 1p dividend about to be given in a months time. Once paid this will have less cash to invest and a lower NAV. It’s hovered around 2p for the last year or so with a NAV of 7p which dropped to 6p. For LTH’s it’s not really a solution. The fund has decreased in value over the last 7 years and it’s continuing to do so. That’s why it’s been trading at a huge discount to NAV. Years of shady looking deals and near £10m written off to friends ventures. It’s a decent buy for those getting in at 2p for the dividend, they can get divi and then maybe get close to 2p ex-dividend which will give a near 50% gain in a matter of weeks
Though there may be a rush for the door ex dividend
I'm sure Ed hopes so!
Cheap shares for the ever increasing buyback scheme.
We might see double figures at this rate next year!