Australian (ASX) Stock Market Forum

ANZ - ANZ Banking Group

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So I participated in the SPP to the full...was watching the share price today closely but opted not to sell. My main reason for this was because of the lead from the Dow overnight (I bought them on a short term view so thought I might as well sell them on a short term indicator....I thought it made sense).

For now though I am holding to see how they go...hoping the speculation about some short term purchases will come to fruition
 
A Large movement in the last 30mins of trade!Is there a upcoming announcement coming up?Cause the movement was massive in terms of price action!
 
Trading halt, any ideas?This would be my luck!:(.Had a short sell on anz on yesterday's close.Any one know of any news for the trading halt?
 
any bets that the sharp jump in price that was seen in the last half an hour of trading the other day had something to do with this ;)
 
Dark1975 said:
;)

cheers mate,That would explain the pre-trade on course of sales pre-market(exercise of call)Ec of over 1,000,000 shares traded as options.hmmm insider trading is a live and well:D.
Would be great to be a friend of a director!
Click to expand...

Nah,

It's what you normally see on the day after equity option expiry, you'll notice that most of the top stocks have assignment action at around 7am.
 
cutz said:
Nah,

It's what you normally see on the day after equity option expiry, you'll notice that most of the top stocks have assignment action at around 7am.
Click to expand...

Yeah mate i know these transactions are called special crossings,I was saying the volume was five-ten fold the normal range of any morning.I know this because before i trade i look at all the shares on my watchlist for price action on large volumes pre-trade.
 
Here is a simple question if anyone can answer:

So far today, ANZ's price has fallen by 0.56 which happens to be exactly the next dividend. The Ex-div date is today. Does that mean that you had to purchase the shares yesterday in order to get the dividend or does it mean that you could purchase them today and get the dividend?

I was under the impression you could buy today and still get the dividend payment. :cool:
 
Today is ex div date, ie trading without (ex) the dividend.

The expression " gone ex" is sometimes used which I think better conveys the meaning.


;)
 
drlog said:
Here is a simple question if anyone can answer:

So far today, ANZ's price has fallen by 0.56 which happens to be exactly the next dividend. The Ex-div date is today. Does that mean that you had to purchase the shares yesterday in order to get the dividend or does it mean that you could purchase them today and get the dividend?

I was under the impression you could buy today and still get the dividend payment. :cool:
Click to expand...

Here is the simple answer.....if you buy today it will cost you 56 cents less, so logically how can you still get the dividend?

Further, even if you bought yesterday you will still not get the dividend because the ex-dividend date is NOT the date that you bought the shares BUT the date you are registered on the Company's register.
 
vincent191 said:
Further, even if you bought yesterday you will still not get the dividend because the ex-dividend date is NOT the date that you bought the shares BUT the date you are registered on the Company's register.
Click to expand...

That confused me. I thought the point was that there is the ex-div date and the record date (in this case, the 11th). If you buy before the ex-div date (yesterday) then your shares are allotted to you by the record date and you get the dividend. :confused:

I don't care, the last ANZ shares I bought were on the SPP. I just want to understand for future reference.

Cheers :D
 
drlog said:
That confused me. I thought the point was that there is the ex-div date and the record date (in this case, the 11th). If you buy before the ex-div date (yesterday) then your shares are allotted to you by the record date and you get the dividend. :confused:

I don't care, the last ANZ shares I bought were on the SPP. I just want to understand for future reference.

Cheers :D
Click to expand...

I agree with you, and disagree with Vincent.

If you purchase shares up to close of business, on the day b4 ex-div, u r entitled.

If for some reason your purchase does not make it onto the share register by RECORD date, you are still entitled to divs, and get paid later, usually in a clean up sweep, some weeks after, or at next div date, (or when you enquire
,one of my divs got missed for several years!)

check ASX site or google for more in depth explanation
 
awg said:
I agree with you, and disagree with Vincent.

If you purchase shares up to close of business, on the day b4 ex-div, u r entitled.

If for some reason your purchase does not make it onto the share register by RECORD date, you are still entitled to divs, and get paid later, usually in a clean up sweep, some weeks after, or at next div date, (or when you enquire
,one of my divs got missed for several years!)

check ASX site or google for more in depth explanation
Click to expand...

Agree, gotta buy before the ex-div date so your trades will SETTLE before the record date. Usually if it doesnt settle properly in time for record date, your broker will arrange something.
Same for spps, entitlements etc.
Just the length between ex-date and record date can be fairly different between those.
 
awg said:
I agree with you, and disagree with Vincent.

If you purchase shares up to close of business, on the day b4 ex-div, u r entitled.
Click to expand...

You are right, Vincent is wrong. We've had this discussion many times in many threads on Aussie Stock Forums.:)
 
YELNATS said:
You are right, Vincent is wrong. We've had this discussion many times in many threads on Aussie Stock Forums.:)
Click to expand...

Quite right.

Ex div refers to the trading status, not the state of the register. Claims for divs are settled between brokers.
 
I can only tell you what happened to me previously. I missed out on the previous divi because I was not on their register even though I bought the shares 2 days before the entitlement date.
 
vincent191 said:
I can only tell you what happened to me previously. I missed out on the previous divi because I was not on their register even though I bought the shares 2 days before the entitlement date.
Click to expand...

Ring the share registry.

you will probably find the divs are awaiting some info such as your direct credit details, and/or your instructions...as per my post, once had unclaimed divs for several years, only came to my attention when I rang the share registry of that company about another matter.

Could be some clerical error, possibly

or perhaps some misunderstanding on your part?

maybe payday coming up for you:)
 

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