Clealy confirmed in email anyone who has position before market open on 8th will have notification in their account in order to take RI where money needs to be in account by 19th January
This is all so confusing that I have now given up hope and probably have to buy at dip around 300p if it goes that or lower to average down. I don't know the reason why I bought on Friday hoping for Rights.... GLA
I am so confused now on who gets RI or not? read lot of posts and confusion. TBH bought on Friday and really confused if not getting RI, will be down by thousands... Can someone please give correct answers.
Apart from just the vaccine news overall market sentiment looks down, this is going down to may be 190 I think before going up, I am stuck at higher average now.. hopefully shall get out in near months...
Any guesses what share price may go to upto 7th Jan before dividend consolidation31 Dec 2020 08:12
Looking for any pointers where SP can go up to on 7th January before dividend consolidation, I know that on 8th number or shares will reduce to offset dividend just checking is it worth holding it for rising or not?
What does a Brexit Deal mean for Cairns?27 Dec 2020 05:14
I am sure will have a positive impact when market opens but how much of it will be compared to others need to see.. to me it looks like going to 230p plus
RE: Consolidation before Dividend24 Dec 2020 10:18
just a quick question regards to that, lets suppose it gets reduced to the 8400 then on the 9th if I sell all the shares will I still be able to get dividend as I held the shares on 8th?
That's right but the rns saids price will not change but consolidation of shares will take place on 7th before the dividend so make sure you read the link I sent however looks like price will increase though till 8th today is good start
RE: Consolidation before Dividend24 Dec 2020 08:31
Thanks for that explanation exactly what I thought otherwise there will be huge fund buying. Lets say I hold 10000 shares I get 3200 in dividend and lets say the price is 200p will my shares be reduced by 1600 and I hold 8400 shares is it like that or I am still missing some points? That's right as well one shouldn't buy for dividends only as it may get a reduced number of shares unless the company is a really good one and have the potential of upward price movement before the dividend cut off. Higher the price on 8th lower the number of shares will be consolidated that's what my understanding is.
I read on cairns website, shares will be consolidated before issue of dividend on 8th January 2021 on the list who is eligible so you may own less shares than what you actually have to compensate for the dividend.
Looks like it may go up to 2.5p but as said its a gamble is it worth taking or not that's for them to decide who is willing to put some or not or willing to lose in case it goes down...