This stock's closing price yesterday was RM2.13, however the opening price for today is stated as RM1.96. Is it due to dividen being issued. But why the adjustment if the ex-date is today @5.00pm. Appreciate clarification. Thank you frienda.
Thank you jinv9 I have another question. That means to become entitled for a dividen one must buy the stock before the ex-date and not on the ex-date? Thank you once again.
That is why I mentioned earlier the last cum-div date. To be entitled for the dividend, you must buy the stock before the ex-date, which is the last cum-div date.
The last cum-div date is the last day to buy the stock to be eligible for the dividend.
based on annual report, 80& of business depend on 1 customer. This is very high risk if customer award contract to other suppler Please consider this factor before invest this company.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Rajandaran Kannaya
63 posts
Posted by Rajandaran Kannaya > 2012-06-14 10:21 | Report Abuse
This stock's closing price yesterday was RM2.13, however the opening price for today is stated as RM1.96. Is it due to dividen being issued. But why the adjustment if the ex-date is today @5.00pm. Appreciate clarification. Thank you frienda.