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XD,CD & book closure & payment date
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Grand
#1 Posted : Tuesday, April 21, 2009 9:08:00 AM
Rank: Member

Joined: 1/3/2007
Posts: 23
Skerians,please help me understand the relations between the above. In light of it,is KCB xd or cd currently and what is reflected in CDS holding? thks in advance

unlimited possibility
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across
#2 Posted : Tuesday, April 21, 2009 12:13:00 PM
Rank: Member

Joined: 5/7/2008
Posts: 54
@ Grand. kcb is currently trading cum div (cd). the books closure date is 11-05-09.This essentially means that anyone owning the share on or before 11-05-09 will qualify for the 1/= dividend per share.On 12-05-09 the stock will go ex dividend which means that any new shareholder wont be entitled to dividend. The dividend payout will be done on or the payment date which is 29-05-09. Hope this helps..
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mukiha
#3 Posted : Tuesday, April 21, 2009 12:55:00 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Very well,but one correction. On book-closure day,the share register is closed = no new names can be added,no names can be removed on this day.

Therefore,only those whose names are in the register on this day will get the dividend. Those who had been there for the last 15 years but were removed the day before will NOT get anything!

Thus @across,your assertion that ...'anyone owning the share on or before 11-05-09 will qualify for the 1/= dividend...' is not correct.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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across
#4 Posted : Tuesday, April 21, 2009 1:01:00 PM
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Joined: 5/7/2008
Posts: 54
@ mukiha..correction noted.thanks.
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virji1988
#5 Posted : Wednesday, April 22, 2009 4:28:00 AM
Rank: Member

Joined: 12/7/2006
Posts: 48
good postings!!

question:

If kcb goes xd,how will it effect the share price??
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Grand
#6 Posted : Wednesday, April 22, 2009 6:38:00 AM
Rank: Member

Joined: 1/3/2007
Posts: 23
thanks for your insight!

unlimited possibility
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jerry
#7 Posted : Wednesday, April 22, 2009 10:34:00 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@MUKIHA. U didn't come out clearly. If I sell on books closer day I don't get the dividends. If I buy on same day I get the dividends even if I sell a day later! Funny

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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Layman
#8 Posted : Wednesday, April 22, 2009 10:39:00 AM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
Book closure day means that no buying or selling is allowed on that day hence you cannot buy them or sell them on the closure day. U have to do it a day or days etc before the closure day. Closure means clossed!!!!!! jinga hii,or where do you come from?


The future is already here!
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mukiha
#9 Posted : Wednesday, April 22, 2009 11:36:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I thought I was very clear...books closure means no changes are allowed in the register on that day!!!!!

You can buy,but you transfer can only be executed after books open...therefore you don't get the dividend.

In the old days (before CDSC),books used to close for several days....some times up to one week!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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jerry
#10 Posted : Wednesday, April 22, 2009 3:50:00 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Layman,Mukiha. Let's assume mimi ni jinga to start with. Then take BAT as an example. They closed their books on 27/03/2009. On this same day,27/03/2009,the stock sold 15,763 cd @ 152/= to 156/= as per info I downloaded from nse. What does that mean about 'book closer'?

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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