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The more I read the more I am convinced that it is decoy div rather than special div. It is capital distribution. If you acquire TSCO shares today your cost will remain same after taking into account the so called special div. I do not understand why FT calls it bonanza and why investors are rushing to buy the TSCO shares. On 14 Apr 21 final result will be out together with final div, which may be hyped.
The circular states that the market capitalisation used is that as at market close on 22 Jan 2021. The capitalisation on 22 Jan 2021 was (No: of shares in issue 9793m X share value 241.9p=) 236,892m.
Old 19 shares, after consolidation will be reduced (every 100 will be reduced to approximately to 79 shares). So what will be the value of each new share? Does anybody know?
Today BATS' SP can't make up its mind whether to go up or down.
Since ex-div ( 9th Jul) the SP has come down by more than £3 (or 10% drop). Nothing unusual for BATS' shares.
Today is the last day to buy CCH with cum div. I was expecting the SP will go up, instead it went down. It is difficult to predict the stock market. Tomorrow the SP will open 63p lower than whatever the closing price will be today. Lets see what happens.
LG4444
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I missed the buying oportunity
I forget to mention that dividend 63 cent in sitting in the wings. Ex-div 2 July 20, pay day end of July.
From whatever angel you look at CCH, it is a solid company. In the last week or so, weakness in the share price has creeped in. IMHO it is a buying opportunity.
2227 posted, I quote "Expected to maintain ordinary dividend of around 40% of attributable profits".
We heard similar statement from Fred the Shred, 12 years ago. On the strength of that statement, I along with millions of shareholders subscribed to rights issue. No div was declared for the next 10 years.
Mr 2227 to whom you are kidding?
I can't see they will cut dividend. If they do cancel or cut dividend, the share price will go further down. This is what they can't afford to do it.