AMA 0.00% 5.9¢ ama group limited

divy return one day thirty percent, page-4

  1. 11,407 Posts.
    I would like to know also if anyone knows about the dividend coming.

    Seems like a pretty oversold situation falling from 25 cents the day before to 7 cents on Friday.

    Also...looking at the announcement on 1st September, it looks like the Dividend record date is next friday or October 31st.

    So I reckon we might see AMA get back up over 10 or 12 cents pretty quickly....its a nice Divi...2.1 cents and also with the 70% fall in share price, I doubt there will be a fall in share price after the divi record date next friday....everything including a nuclear attack seems factored in.

    I'm buying in monday either way.


    See announcement below.


    1 September 2008

    Allomak Limited ASX Announcement

    DIVIDEND ANNOUNCEMENT

    Allomak Limited (ASX:AMA) today announced a final dividend of 2.1 cents per share, fully franked.


    Details are as follows:

    Date the dividend is payable 21 November 2008
    Record Date to determine entitlement to the dividend
    31 October 2008

    Dividend per security 2.10 cents


    Details of any dividend reinvestment plans in operation

    Plan lodged with ASX on 29 August 2006.
    Dividend reinvestment plan discount 7.5% (an increase from 5.0%)

    Price Determination and Price Determination Period

    The price will be calculated by the volume weighted average price between the Record Date and 7 November 2008, being 5 trading days.

    The last date for receipt of an election notice for participation in any dividend reinvestment plans Up to and including the record date, being 31 October 2008


    - ENDS -

    For further information contact Mr Robert Allan (Managing Director), (612) 8244 9200
 
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