Usually an appreciable share price fall on xDiv day - this Thursday. |
Looking really positive here as we run towards the next divi getting locked in.
To secure that and stay above 2500 would be a really encouraging signal and get people thinking about jumping in for a push towards 3000 later this year. If rates do get cut soon then the high yielders really will start to become noticed again as a great deal of that record cash pile in money market funds is just waiting for an equity home.
Good luck all 👍🏻 |
Just remember all through covid this and IMB were throwing out juicy dividends when a lot of banks,insurers,oil majors and others weren't. |
The price today is where we were in December 2018, the slide started well before the RJR asset right down and a long way from the highs in 2017 share price of 5500..
Just let them crank out their 9/10% yield and hold for life IMO while the ITC / hotel business divestments happen, debt is reduced and the buybacks are fully funded.. :o) |
Nice breakout today let's hope the trend is changing if so 30 within a month |
Where do we see this before XD? |
Nothing wrong taking a profit can never catch the top or bottom of a share price. |
We all have our own investment decisions to make.I hope you 'run' to a better investment somewhere else wherever that might be.I like dividend income, others prefer capital growth.It's a choice. |
Sorry to spoil the party squared up this morning
Will forego the dividend and take the money and run
Good luck all |
I can't think many sellers before Thursday and buybacks, could that push us towards 2550p. Of course all depends on how the FTSE 100 behaves. |
Great start to the week.. :o)
2500+ BATS
2000+ IMPS |
Well we've broken £25. To my mind, the Boards buy back strategy is working. |
Big resistance around this area intresting to see bats push above 25 and stay there and build strength above fingers crossed |
Thanks guys. |
Pete you have to hold your shares at close on Wednesday to qualify for the dividend then you can sell at 1 second past 8.00am Thursday and you will still get the divi in your account on payment day which is 2ng August |
It's not the record date that matters - it's the ex-div date that determines entitlement to the dividend.
You must hold the share at close of business the day prior to ex-div day (in effect so that you are holding the instant the market opens on ex-div day) to get the dividend.
As to T+2, it has no bearing on the matter. That's just about shuffling money about.
What you appear to be asking is if you sell on Wednesday, which is the day before ex-div day (ex-div is the day before the record date), do you get the dividend? I'd say no as you have to be holding when the market opens on ex-div day (Thursday) and you sold the day before... |
Under standard T+2 settlement terms,
as upcoming Record Date is Friday 28 June,
can I sell my shares on Wednesday 26 june
and still recieve the dividend?
pete |
I expect to see that too, and we could well see most of the XD 58.8 pence recovered same day with the BB mopping up any sellers.. :o) |
I think over 2500p is a given by ex div, I will be disappointed if not nearer 2550p by close of business Wednesday to collect 58.8p.Of course it will fall that amount but not always, especially with buybacks. |
The ITC returns are already earmarked for debt reduction and to support/extend the buyback AFAIR...
2500 next week.. :o) |
I would prefer additional cash to go towards further debt reduction and perhaps extending/increasing the buy back programme. The current dividend is sufficient IMO. It is delightful, actually :) |
What will happen, do you think special dividend for us? |
Update ITC Hotel Demerger
6 June 2024 At a meeting held on Thursday, an overwhelming majority of 99.6% voted in favor.
Published on: Jun 21, 2024, 4:21 PM IST
ITC’s hotels business reports best quarter: Perfect timing for demerger to boost conglomerate returns
hxxps://www.businesstoday.in/magazine/the-buzz/story/itcs-hotels-business-reports-best-quarter-perfect-timing-for-demerger-to-boost-conglomerate-returns-434240-2024-06-21
The time scale is from November 2024 to February 2025 for the Demerger to happen. The same Merchant Broker probably will be used when they sold ITC India shares of 3.5% earlier in the year.
The proceeds I have covered before after the demerger happens.
Happy Investing |
28/2/24
hxxps://www.pwc.co.uk/press-room/press-releases/research-commentary/2024/p340bn-pension-surplus-could-be-unlocked-for-uk-investment-as-a-.html
Government consults on defined benefit surplus
hxxps://www.shoosmiths.com/insights/articles/government-consults-on-defined-benefit-surplus
Council looking to access Pension Funds to help with debt surplus
Government Labour or Socialist Tory are both the same. The old Tory would not increase taxes or raise Corporation Tax etc Socialist Tory Government
Happy Investing |
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