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$6.90 bank of queensland limited.

Ann: BOQ delivers improved first half profit, page-91

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Nanood

7,012 Posts.

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21/04/18

15:50

Post #: 32605105
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Originally posted by F01 ↑

I think the important point to note, is the shorter has to pay the dividend to the owner from his/her pocket, and doesn’t get the dividend from the company.

The shorter borrows the stock from the lender, and then sells it, pushing the price down, and then waits to buy it back cheaper and then return it to the owner. So if this wait occurs during the ex div date, the owner gets his dividend from the shorter, the shorter doesn’t get the dividend because he has already sold the share, and the new owner of the sold share gets the dividend from the coy. So if the shorter has a position open while the stock goes ex div, they have to pay the dividend from their own pocket. As you know the stock normally drops by the dividend amount ex div so it is not all bad for the shorter, and thus they don’t have to close pre ex div.

Fun and games hey?

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I thought that’s what I said. Indeed looking back I could have explained it better

Short squeeze anyway? 7.7% yield must look attractive to someone out there.

BOQ Price at posting: $10.35 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.90		Change 0.090(1.32%)		Mkt cap ! $4.266B

Open	High	Low	Value	Volume
$6.84	$6.92	$6.83	$20.38M	2.982M

Buyers (Bids)

No.	Vol.	Price($)
2	2236	$6.89

Sellers (Offers)

Price($)	Vol.	No.
$6.90	10933	2

View Market Depth

No.	Vol.	Price($)
2	24771	9.220
3	42303	9.210
8	85885	9.200
7	86977	9.190
11	100164	9.180

Price($)	Vol.	No.
9.230	15728	3
9.240	64768	16
9.250	116890	16
9.260	105050	17
9.270	79817	12

Last trade - 16.10pm 22/11/2024 (20 minute delay)

BOQ (ASX) Chart