keep check on the retracement , hope it will not be v serious....it had once reached 671 but dropped back to 592 in a spate of 10 trading days in a tragic down trend ?
Can anyone enlighten on what does ex-dividend means? Will shares that one purchase after the declare date be entitled to dividend as well? What will happen after the X date?
Hi elkaychee, just take Scientex for example because we are in this forum, Scientex make the announcement on 24th September 2014 with 26% dividend, since the par value for Scientex is RM1, it means that you will get RM260 for 1 lot or 1000unit if you hold this stock until (or before) 6th January 2015 but it will deduct 26 cent from the share price on 7th January 2015. Thank you. Regards, Chua
26% is 13c coz par @ 50c waiting period too long until next year in between , there bound to be some corrections how serious ? No one know ? usually , the price may spike 1 or 2 wks b4 ex date ...usually the case but not so... analysts put the fair price at 7.60 to me , I rate it 6.70-7.00 .... so, I think the retracement will come any moment if signs of weakness detected ! RSI, MA , %K%D.....Candlesticks ...all count ! From 592-7.22 , too good to resist not to sell coz the share price will not move like rocket....! Just my simple analogy....
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noobinvestor3
20 posts
Posted by noobinvestor3 > 2014-09-24 08:48 | Report Abuse
ooo....means cannot buy anymore?