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I'd better add a thumbs up smiley.

Edit: Done 

Well my percentage profit on base purchase price now stands at 160% on CML and has surpassed my Woolworths which are on 137% - both bought at the same time. In Rand terms of profit Woolworths is still significantly more because I hold more Woolies than Coronation

Zero to brag about in the other Leaderboard, not so ?  Stay on the carpet.

So falling prey to herd mentality I bought CML.  Looks like it has gone down 3% since

Hi Orca.  Sorry no I didn't know and I'm not sure what going ex-dividend means.

"Investopedia explains 'Ex-Dividend'
A stock trades ex-dividend on or after the ex-dividend date (ex-date). At this point, the person who owns the security on the ex-dividend date will be awarded the payment, regardless of who currently holds the stock. After the ex-date has been declared, the stock will usually drop in price by the amount of the expected dividend."

Even after reading the above I'm still not 100% sure what ex dividend means. 

So as I google further people are saying that the words security and stock is used interchangeably.  But above it implies they are different..."At this point, the person who owns the security on the ex-dividend date will be awarded the payment, regardless of who currently holds the stock"

So what then is a security...
 
"Investopedia explains 'Security'
Securities are typically divided into debt securities and equities. A debt security is a type of security that represents money that is borrowed that must be repaid, with terms that define the amount borrowed, interest rate and maturity/renewal date. Debt securities include government and corporate bonds, certificates of deposit (CDs), preferred stock and collateralized securities (such as CDOs and CMOs).

Equities represent ownership interest held by shareholders in a corporation, such as a stock. Unlike holders of debt securities who generally receive only interest and the repayment of the principal, holders of equity securities are able to profit from capital gains.

In the United States, the U.S. Securities and Exchange Commission (SEC) and other self-regulatory organizations (such as the Financial Industry Regulatory Authority) regulate the public offer and sale of securities."
 
All I know for now is that going ex-dividend usually means a drop in price, not sure why.  And people who own securities get some kind of payment, but those who only own stocks get the short end.

Don't mind me then I will get the hang of this eventually

Companies announce that they're going to be, potentially, paying a dividend, and people who hold the stock/share/security at some given date will be paid that dividend. After that date, the stock/share/security is called ex-dividend, because it "excludes the rights to the dividend". Because anyone buying the stock/share/security after that date will not get paid the dividend, the stock/share/security typically drops in price equal to the value of the dividend. However, the dividend amount is announced after the ex-div date, so the drop in price may only happens then. This is regardless of when the dividend is actually paid.

For example:

An example is http://www.sharenet.co.za/v3/sens_display.php?tdate=20130604123900&seq=29

> Last day to trade "cum" distribution Friday, 21 June 2013
> Securities trade "ex" distribution Monday, 24 June 2013
> Record date Friday, 28 June 2013

Which means you need to own the stock/share/security on 21 June 2013 to be eligible to receive the dividend. If you buy on/after 24 June 2013 you will not receive the dividend. Whomever holds the stock/share/security on 21 June 2013 will receive the dividend

They also say

> Declaration of the amount to be distributed, if any, and the
> payment date will be made within 14 (fourteen) business days
> after the record date.

Which means within 14 days of 28 June 2013 they will announce what, if any, dividend they will be paying.


If I got something wrong I'm sure it'll get corrected

Thanks all, much appreciated!    Makes sense now.

shares have gained for a few years now since 2009 and cml has made mega profits because of that , do you see them doing the same in the next few years. Their share price based on profits they make and dividends they distribute, but they have no nav , so if they make no income next year, there will be no income, their price is going to tank, and they warned about that, simple sell now and get get out , the clever people have already