Bought in after the last RNS, then there's nothing in this one to make you sell. Suggests they still think other factors may have had an impact, and they are looking into it. Was is needed? No, but I can't see it doing any major damage to the sp which is already massively over sold.
Seem to like it.
No change, so should continue recovery.
He is actually right. If you look at the time it was 164.60 to buy at the time, so it would be a sell.
Or you know, it won�t.
12p will be broken shortly.
Does look a bit overdone. Tempting to get in and look for a bounce...
Now cleared on III.
Still waiting for mine on Interactive investor...
I believe the close of the day before was 8.5, but you are right in principle. The reason for the drop is that they are not taking on any extra cases. JIL's business income comes from the settlement of high value litigation. Once that is done, they get a windfall, and then pass this on to the shareholders in the form of a dividend. They have settled several high value cases and not replaced them, meaning that the overall net asset value decreases once they have finished.
As far as I'm aware the following would be the case: Spead betting - The dividend amount is automatically included in the spread bet price. So for example in the case of JIL the amount you would probably be quoted is 8/8.5p, not the price it is now. Shorting - If you short the stock, then you would have to pay the 8p dividend per share back to the lender of the stock when you settle. Meaning both would be pointless in this situation. If that makes sense?
Already answered this question. If you did, you would then owe the 8p dividend per share to the lender.
Good question, but the answer is no. If you short a stock over this period, you would actually have to pay the lender the 8p per share for the dividend ;).
If you sold on the 1st you would still get paid the dividend. No need to hold longer than that if you dont want to.
recovery there...
I was confused by that too. Seemed like a perfectly normal conversation so couldnt see why someone would report :S.
The price will go down on the 1st. Its by no means a 100% free money situation. But the idea that as long as it doesnt go down below 8p less than you buy at, you are in profit. As with all of AIM it is a risk, so dont believe those who say "You will make 50%!" but is certainly worth considering depending on your view.
Thats correct. 8p per share you own before markets open on the 1st. And will be payed on the 29th.