RE: Ex Divi Price Drop16 Feb 2020 11:00
Can't really help you there, Dave.
Personally, I bought in last week for the divi, but the SP has already dropped by 2/3 of what will be paid, so maybe not the right call by me on an entry point.
If you are looking to hold for the long term, then no harm in buying in to get a short term return, but you can see how this opens on Monday and still have until Wednesday to make a decision.
Broker forecasts are positive here, but the company itself has announced a profit warning due to vaping crackdown and regulatory uncertainty with this product.
I will keep an eye on future divi announcements, but currently more likely to hold than add/reduce my position and will review if there is a divi cut going forward, and depending on newsflow.
DYOR and good luck whatever you decide.