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It always comes off at the open on ex-div day so would normally be gapped down on the bell. Anyone buying yesterday would not be entitled to the upcoming divi so that's why it should be cheaper for them to buy from market open.
Yesterday's picture was a bit confusing at open though, partly due to Nvidia and the chaos it caused to algos the night before, but any volatility generally can sometimes 'hide' the gap down.
It's possible they were sitting just below 3% previously, perhaps from purchases much lower last year, and then took the opportunity this month to buy the dip to top up?
The whole sector is down today, can only think it's the weaker consumer confidence data this morning?
It's based on the closing MCap on Tues 27th Feb, announcement to confirm changes will be after market close on Wed 28th. The index rebalancing is then effective from Mon 18th March.
EDV has taken another kicking yesterday and today so it's looking okay at this point.
It's an occasional glitch in the LSE system, happens a few times a year and is across the whole platform. Sometimes they catch up with the data feed later in the day but there are a few like this where they just never appear. Agree with your approach to always have other sources you can rely on.
4.5p of today's drop is the ex-div being factored in. Oil prices pushing a little higher as well.
Standard market dynamics that are creating a bit of short term volatility.
As it is for well over 90% of UK listed companies announcing a dividend.
https://www.lse.co.uk/news/EZJ/uk-dividends-calendar-next-7-days-jbsuqq3j552mmd2.html
You are right that you need to be holding the shares at close tonight if you wish to receive the dividend, standard settlement applies at T+2 which is why the record date for the dividend is Friday.
If you place an order to buy them today you will receive the dividend, if you sell them tomorrow you still receive the dividend, if you sell them today you do not.
The 'relative' MCaps of EZJ and EDV don't really matter to the decision. As it stands EZJ are still outside of automatic entry so would only be promoted if EDV (or another existing 100) are dropped out, or if the EZJ SP rises to c.580+.
As it stands, if the EDV share price (now up to 1320) recovers to over 1360 then they won't drop out to make space for EZJ, so need to keep an eye on both of them next Tuesday.
Retail sales data:
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/january2024
Full release:
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/january2024
Always useful to see the data in that format. I expect her table will be updated from end January values this weekend; FTSE Russell announce their indicative changes on Tuesday next week based on the values at close tomorrow.
It's based on the closing MCap on Tues 27th Feb, announcement to confirm changes will be after market close on Wed 28th. The index rebalancing is then effective from Mon 18th March.
Could be tight for Kier at around this level, depending also on how other companies around the same level perform before then.
Perhaps more caution than pessimism? Still have US retail sales report tomorrow afternoon and then UK retail sales on Friday morning. This is the BRC report for January which will be reflected in Friday's data:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202401_uk_rsm/
In other news:
"BoE Governor Andrew Bailey speaks at 1500 GMT on Wednesday."
Nooooo!!! He needs to be stopped - grab yer pitchforks, we're a marchin' on the City...
They're talking about June now as a possibility, March is defo out now if was not already. And this morning's UK data has maybe pushed the BoE back to August.
Got out of my little gold problem by the skin of my teeth - £1.35 gain for three weeks of stress :(
Fuq!
Lovely shade of red everywhere except the $ - just in time for Valentine's Day...
TR-1 RNS:
Date on which the threshold was crossed or reached vi: 21/7/2023
They are very, very late with that notification, looks like a bit of housekeeping has maybe picked up the omission.
The market is waiting for the US CPI at 1.30pm GMT today
And the UK CPI at 7am tomorrow
And the UK GDP on Thursday
And the UK Retail Sales on Friday
And
We're seem to be stuck in a holding pattern of waiting for one macro announcement after another. At some point there will be a catalyst to change direction - the question is, which way?
Yup, it's the UT from the closing market auction so buys and sells matched together. It happens at the end of every day on this and many other stocks, as LG says it's not exciting although it can sometimes set the tone for open the next day.
Ignore the Buy/Sell legend on here, it's complete mince on a stock like this at this time, when it is volatile and has relatively high volumes each day. Buy/Sell is never reported by the market and the LSE algo that tries to 'guess' which it may be can't possibly keep up.
Also worth noting that when LSE state total B/S volumes for the day, not only is it an inaccurate 'guess', it also excludes all of the trades marked as 'unknown'. So it's more BS than B/S ;) - [Fully expecting LSE Admin to delete that].
Https://www.investors.com/news/economy/cpi-inflation-data-revisions-may-be-a-big-deal-for-the-federal-reserve-sp-500/
"Friday's CPI Data Produces Sigh Of Relief For The Fed, S&P 500"
First reactions - Cable up a little, Dixie down a little and gold - inevitably - refusing to comply with my wishes!
First rate cut still looking like May.