Author Topic: CML  (Read 200864 times)

Patrick

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Re: CML
« Reply #45 on: May 27, 2013, 02:30:38 pm »


I'd better add a thumbs up smiley.

Edit: Done  :TU:
« Last Edit: May 27, 2013, 03:34:43 pm by Patrick »

AVM

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Re: CML
« Reply #46 on: May 28, 2013, 01:48:28 pm »
CML holders must be enjoying today

gcr

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Re: CML
« Reply #47 on: May 28, 2013, 03:12:15 pm »
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
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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Re: CML
« Reply #48 on: May 28, 2013, 03:57:04 pm »
gcr

:wall:
jaDEB

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Moonraker

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Re: CML
« Reply #49 on: May 28, 2013, 04:13:51 pm »
Zero to brag about in the other Leaderboard, not so ?  Stay on the carpet.

gcr

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Re: CML
« Reply #50 on: May 28, 2013, 04:17:57 pm »
At position 14 -  not too shabby  :LHST:
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Spartan

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Re: CML
« Reply #51 on: June 04, 2013, 10:17:26 am »
So falling prey to herd mentality I bought CML.  Looks like it has gone down 3% since :(

AVM

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Re: CML
« Reply #52 on: June 04, 2013, 01:24:39 pm »
So falling prey to herd mentality I bought CML.  Looks like it has gone down 3% since :(

Notice those dividends in your account... You haven't lost any money.

Spartan

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Re: CML
« Reply #53 on: June 04, 2013, 01:39:28 pm »
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 ;D

gcr

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Re: CML
« Reply #54 on: June 04, 2013, 02:14:49 pm »
Spartan - there are two dates that you need to focus on LDT (Last Date to Trade) - you have to be a holder of some shares in the company on this date to receive dividends. The other date you need to focus on is Pay Date - which is the day the dividend is paid out based on your holdings at LDT. The difference between LDT and Pay date is normally 7 days but can be longer. Don't worry about stocks, securities or other names - what you are buying is a share in a company so just think of shares in the SA context
Hope this helps in understanding posts on this site
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

ptomli

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Re: CML
« Reply #55 on: June 04, 2013, 02:16:31 pm »
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

jaDEB

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Re: CML
« Reply #56 on: June 04, 2013, 02:46:49 pm »
Laymans terms:-

You have a share trading at R10, the divvie is R1.

Come Last date to trade, u have to have the share on that date to get the divvie. Thus the R1 divvie is yours, even if you sell it the next day. The divvie then gets paid to you (account) 7 days or so later.

Thus trading ex divvie , u can sell the share say for R9.50, + u getting R1 divvie in a couple of days, thus u actually sold for R9.5 +R1 = R10.50.
jaDEB

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Spartan

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Re: CML
« Reply #57 on: June 04, 2013, 03:42:54 pm »
Thanks all, much appreciated!  :TU:  Makes sense now.

AVM

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Re: CML
« Reply #58 on: June 06, 2013, 12:05:53 pm »
So falling prey to herd mentality I bought CML.  Looks like it has gone down 3% since :(

Notice those dividends in your account... You haven't lost any money.

I take that back. Orca what's happening here?  ???

tgg78703

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Re: CML
« Reply #59 on: June 07, 2013, 09:46:30 pm »
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