RE: EX DIV11 Mar 2014 10:07
Yes......my experience has always been that there is a gradual increase in the SP in the week or two leading up to the exdiv date. Subsequent to the exdiv date, there is a selloff by those who were only in for the divvy, which causes a drop in the post exdiv SP....the fall usually is in line with the value of the div. This one however has the added problem?..of the company trying to hive off bits and pieces it no longer wants...potential buyers are put off by that, as they don't really know the true shape of what they are buying into. Once the ex div date is past, restructuring will be the priority. I got these at 1246, which I thought was a pretty good entry....still holding. ( for grim death)