This sp promo payment15 May 2024 12:41
Hi all,
Having around 38400 shares in ascl, it will be first time I've recieved this time around,
I understand divis ect, and on divi day reduces by divi amount, plus other added selling on day,
What I don't get partly is the American funds increasing there holding, by in some cases a million shares, I think one as bought 978k shares recently, why knowing that there going to lose say 1.2mn on day.
In essence, these special payments are they treated as a divi payment ie drop £1.26p on day, as all these usa funds buying today and recently, some hold 9mn shares, that's one helluva a loss 15 odd million drop on day yet there buying.
Forgive my ignorance if any more learned fellas or ladies can put me right, thank you.