DRP Price 1HY2023 Interim
Quote:
Originally Posted by
Snoopy
I am currently sitting on an average buy price of $1.47 per share (post capital raising). I know for some of you Heartland long termers, that would be a pretty lame average entry price. But it ticks the 'Mr B' value box of around $1.50 ( buy HGH ie 9 times ie 9x 16.2 = 150 ...). So for someone late to the Heartland party, I am happy.
I have been diligently building up my shareholding through the DRP too. A few acquired last dividend time at $2.11. The dividend before that, a few more at $2.27. Hey, just a minute - I think that means I have just lost money! What was I thinking! Have I been caught up in the personality cult of Jeff? As his greatest ever supporter (a fact Percy will surely vouch for), surely not!
It looks like my 'bad luck' with the DRP is continuing?
"The interim dividend will be paid on Wednesday 22 March 2023 (Payment Date) to shareholders on the company’s register as at 5.00pm NZDT on Wednesday 8 March 2023 (Record Date) and will be fully imputed."
The Strike Price will be calculated in accordance with the following formula: SP = P x E
Where: P is the volume weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents) for a Share calculated on all trades of Shares which took place through the NZX Main Board over the period of 5 trading days immediately following the Record Date. I realise the volume weighted share price is not the same as the closing price (Is there an on line source for the volume weighted share price?). But the closing share price on the days in question are listed below:
Closing price on the days in question are Thursday 9th March ($1.74), Friday 10th March ($1.73), Monday 13th March ($1.67?), Tuesday 14th March ($?) and Wednesday 15th March ($?)
And E: Dividend plan discount this time is 2%, so E = (1-0.02) = 0.98
Have changed my thinking while writing this post, realising that we have two more 'discount days' to run. Come on all you reef fish shareholders, the sky is falling: Sell, sell, SELL!
SNOOPY