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YSP: Discount to Net Asset and Turning the Corner

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theo13 - Wed, 03 Jan 07 :

As far as I can work out:

If you hold paid up shares when business closes on the NIGHT BEFORE it goes exd you get the divi - the gap between the Wed it goes exd & the register date is to give the registrars time to register everyone (!)

if you buy exd you don't get the divi & the price drops by the amount of the divi to compensate you for this loss

If you sell exd you still get the divi - because you will have sold at a price which has dropped by the amount of the divi (& more usually)

If you get the divi by mistake you get asked for it back but it takes a while.

Some people sell on the morning it goes exd to avoid the extra drop, but with a director purchase I'm not going to!! Imo these shares have way to go yet as there were lots of good hints in the results I thought.

I'm still fairly new too but I have been trying to work this out as there is a lot of misinformation about - so if I've got it wrong please correct me o:))
Theo
PS Sorry Krupatel I don't know about T10 buys


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