Singapore feb margins were down from jan depends how good nzr uplift was, still should be good
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Singapore feb margins were down from jan depends how good nzr uplift was, still should be good
As interest rate cuts. People will buying into the dividend story. Nzr will be bound up soon
http://www.refiningnz.com/media/1045...10th_march.pdf
"Increase gross refining margins, and lift cash flow $50 -$55 million a year"
Just thinking out loud here, I wonder why someone would sell out on the 9th of March (when we opened 20c lower) when the dividend record date is a day later? Weird time to sell out...
Ex dividend for NZR was March 9th (https://www.nzx.com/markets/NZSX/sec.../NZR/dividends). This means - whoever sold NZR shares on that day day sold them "ex" (i.e. without) dividend and kept the dividend for him/herself.
Don't mix this up with the record date (which was March 10 - after closure of stock exchange). If you sell shares on March 9 (during stock exchange hours), than you are (with T+2 settlement) still until March 11 (during stock exchange hours) recorded as owner - i.e. eligible for the dividend recording on March 10.
Confusing, I know ... clear like mud?
Yes, the current NZX/company practice of quoting "record date" and "payment date" in dividend announcements can confuse those of us who became accustomed to working to "ex div" dates. If buying or selling it pays to check whether shares are being quoted ex or cum div at the time.