LOL - and who do you think really controls and directs NZOG from behind the scenes?
Just ask Gordon Ward and David Salisbury.
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777...is the record not the last day to be holding shares to still receive dividend? I guess that was my question.
99.9% of all trades settle on a Trade Date + 3 days basis. If you buy shares today (Thursday), the trade does not settle until Tuesday next week.
Tuesday next week is when the your name is on the register at the registry. Therefore if the record date for a corporate action (ie a dividend) was next Tuesday, the last day to buy the share to receive the dividend would be today, and tomorrow would be the ex-date, as if you bought the share tomorrow, you won't be on the register until next Wednesday, and when the registry read their list of current owners on Tuesday, your name won't be there.
Clear as mud?
Just go to the Pike River coal thread - warnings about the gross mismanagement, costs over-runs, technical stuff-ups, delays etc etc etc - all indicative of everything wrong, and as well as the cg (coal gas) count are all there, matey.
There are none so blind as those with eyes but will not see.