Oh no we are arguing again.. why is that nothing to do with T+3? if you can find a way to be on record immediately after you buy it on ex date you should be eligible.

Something is weird here.. wait see this :

http://www.bursamalaysia.com/market/listed...cements/3611373

It's not filled in, but it says "both dates inclusive". If it was filled in, it would have the ex-date and payment date. Why does it say "both dates inclusive" if both dates are not inclusive?

Are you saying that the price will drop more that the dividend? if not how does the seller make a profit from that?



You only just realized that? a unit trust is an artificial construct, it isn't listed on Bursa, who determines what the price is at the end of the day?

Proof here :

https://www.google.com/finance?q=NYSE%3AED&...qlGzpq4BOb6r5gB

See May 19.. dividend $0.65 declared, what is the price on May 20? and what is the price on May 21? did it drop by $0.65 in any of those days?

You want more proof?

https://www.google.com/finance?q=NYSE%3ATGT...JCtOhuATtr6CADA

Where is the drop?

Now look at your mutual fund.. I can guarantee you it will drop by exactly the dividend amount after ex date. How can I do that? go ask a fund manager, any fund manager. They will tell you that they set it that way. In a unit trust the price after a dividend is set (ie. manually manipulated) by the fund manager.

In a listed counter, the price is always determined by supply and demand. No one person or agency manually sets the price. There should be no reason why the price of a share should not go up (or down) after a dividend is declared.


This post has been edited by wodenus: Sep 25 2015, 06:03 PM

Okay.. but what does "both dates inclusive" mean then?

This post has been edited by wodenus: Sep 25 2015, 05:48 PM

Er.. from experience? I don't see prices dropping by exactly the dividend amount after the dividend is declared on most exchanges. Look at Target for instance, $0.52 dividend on Feb 13, but it didn't drop $0.52 on Feb 13.

You can find many other instances where the drop (if any) doesn't match the dividend. I'll try and find intra-day data and see if that's actually true.. it's academic though isn't it? by the end of the day the price would probably not be where it is at the start of the day.

This post has been edited by wodenus: Sep 25 2015, 06:15 PM

So you are saying.. they need 2 days difference between ex-date and date of lodgment, both dates inclusive?

I didn't know BSKL had such a rule.. I don't know whether there's such a rule on the major exchanges, but it's academic anyway since the EOD price on dividend date does not match the dividend.

Hold on, I'm about to find out about a little known rule that enables BSKL to manipulate share prices.

So BSKL mandates that a stock should open at a set price on ex-date? what are the implications of that for your average investor?

So suppose I buy a counter which has a good chance of declaring a good solid dividend. I'm not the only one who knows that, so just before the dividend, I buy it and sure enough it goes up. Then I sell it before ex-date because I know it's going to drop. Then I will get my "dividend" before the dividend is declared if I am wrong and it does not go up, I know it will drop by the dividend amount, so I will sell at that price and get the dividend, thus I will break even excluding brokerage (which is really cheap btw.)

So worst case I break even, best case I make some money. Where's the catch in that?

Psst.. look at IGBREIT before the dividend

Imma try that again, see if it works

Who is we lol and what can you get off BSKL other than chicken-feed profit scalping, there's not enough volume for anything really big

There's actually a study I read where the researchers studied all the trades and concluded that the BSKL, as far as small investors are concerned, is nearly 100% chicken-feed profit scalping


This post has been edited by wodenus: Sep 25 2015, 07:00 PM

OK let us see.. this should be fun

I learned something, we all got entertained.. no one lost anything.. capitalism in a nutshell



Well i learned something today, what did you learn?



Probably true.. all I have is experience, I don't know all the rules I don't really have to prove anything, but if you want we can meet and i can show you my trading confirmation emails



If you seek knowledge you are a fool for a while. If you don't you are a fool forever

This post has been edited by wodenus: Sep 25 2015, 07:31 PM

See above at any rate, I would be proud to be called a fool -- their track record is quite amazing


This post has been edited by wodenus: Sep 25 2015, 07:19 PM

Worked for me in many markets but yea I just realized that about KLSE.. it doesn't make sense and I am slowly finding out why.



This was mainly entertainment and a learning process in the end it's all academic right? good to know but it doesn't mean if you don't know it you can't make money



Which is good, everyone profited from it, which is the point of capitalism actually

This post has been edited by wodenus: Sep 25 2015, 07:39 PM

Do you mean yield?

Ok.. so does he mean that a good REIT has a yield of between 6-7%? anything above that is not good?

This post has been edited by wodenus: Oct 5 2015, 05:08 PM