RE: According to Google, just hit 20p17 Feb 2022 07:58
Callit
The SP will only become stronger and go up faster, as I am sure most PI's will Re invest the dividend money back into shares, but what's the complaint it's free money hence free shares, even if you buy at a higher price and even with the SP opening 0.7% lower it has no impact on the value of the share price.
Even if it's quarterly or half yearly your in the same scenario, the SP is usually much higher by the time you get the dividend, but the impact is the SP opens down 7% or a ratio of this down
Majid did this tactical move to support the SP, so that people hold onto their shares for long term gains and to also show any potential farm out companies the growth of the SP and the potential of the company's value.
When we are at 30p, most PI's who sold will regret it as they would have got a lot of dividend money and a high SP for the total value of the shares they hold