Tue May 26, 2020.
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Can any member of the investment club confirm this is correct...?
I think Richard's post as Treasurer and the Secretary's post in answer to your question on two separate threads, both confirming it has been sold is good enough not to need a third member to confirm the news
I was only asking for a confirmation of the date...!?!garindan wrote: ↑Sun May 31 2020 10:41pmI think Richard's post as Treasurer and the Secretary's post in answer to your question on two separate threads, both confirming it has been sold is good enough not to need a third member to confirm the news
That's what the reply from the club secretary responded with, before you asked again!Boro Boy wrote: ↑Mon Jun 01 2020 1:25amI was only asking for a confirmation of the date...!?!
The due dividend was neither here nor there, as the price normally corrects in the period after going ex-div. It doesn't mean the price stays the same or continues to rise, the dividend aside. It is even less of a worry when you are selling to release the full capital investment. Besides all this the club decided to sell in the vote, which is how it works.Boro Boy wrote: ↑Mon Jun 01 2020 11:21amI believe the ex-div date for the next dividend for this share was 29th May (am I correct?), if I am correct and I was a member of the investment club (which I am not) I would be asking in the strongest terms why this share was sold within days of qualifying for a Dividend.
Is there a good reason why a fairly stable investment was sold so quickly prior to and only days before the qualifying period for a well earned dividend qualification...?
I'd say us holding and selling for 111p, for a >8% gain, was a good decision, rather than selling in late April for a >6% loss, taking the previous divis into account.Boro Boy wrote: ↑Sun Apr 26 2020 1:24amWe may be on the verge of a property crash and if the last property crash is anything to go by the markets did not differentiate (much) between commercial and domestic property.
Now I can't see the future or I would be winning the lottery each week but I can see what is happening and history does repeat itself so you may want to consider the property content of your portfolio...
I find this policy hard to believe and it may be one that your club should review?garindan wrote: ↑Mon Jun 01 2020 11:48am
The due dividend was neither here nor there, as the price normally corrects in the period after going ex-div. It doesn't mean the price stays the same or continues to rise, the dividend aside. It is even less of a worry when you are selling to release the full capital investment. Besides all this the club decided to sell in the vote, which is how it works.
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