m1 - dividend

[digitalguy]

Bros, I am planning to vest in M1 this week. Noticed that it has been marked as CD. If I buy now, will I be able to get dividend? According to SGX, it is 0.079 per share, so 1 lot I will get 79$ rite? I know after XD the price will drop. Thinking that this dividend might little bit offset my purchase price.

Any opinions/Suggestions?

 

[ahboy82]

Bros, I am planning to vest in M1 this week. Noticed that it has been marked as CD. If I buy now, will I be able to get dividend? According to SGX, it is 0.079 per share, so 1 lot I will get 79$ rite? I know after XD the price will drop. Thinking that this dividend might little bit offset my purchase price.

Any opinions/Suggestions?

yep u are right. if u want the dividends and dun mind the stock price dropping after XD then u can go ahead. but do note that the price is really high now; price is 2.50 now if drop to 2.40 or even more after XD, yr capital losses is at 100 and above. so your dividends gotten may not be enough to offset the capital losses if the price dun go back up again.

 

[digitalguy]

Perhaps his plan is to buy first and earn dividen then hold for some years.. then raise to 2.80 liao can sell.. also huat aaaaaaaaaah.

haha..correct

 

[testing1234]

all 3 telco shares have been rallying recently

 

[addict951]

Singtel rally? Where?

 

[heng_alvin]

Singtel rally? Where?

haha.... likes +1

 

[digitalguy]

yep u are right. if u want the dividends and dun mind the stock price dropping after XD then u can go ahead. but do note that the price is really high now; price is 2.50 now if drop to 2.40 or even more after XD, yr capital losses is at 100 and above. so your dividends gotten may not be enough to offset the capital losses if the price dun go back up again.

Thinking will M1 go down (more than 100) after XD? I am thinking it might drop most likely to ~2.38 (may be i am wrong and purely personal opinion)

Actually i was eyeing to get all 3 telcos, managed to get only Singtel (not a good price though).

 

[heng_alvin]

thing about stock market is...anything could happen. You may wanna check sgx website to see m1's history of price movement after XD. However of course,historical data is....historical

 

[digitalguy]

decided to wait n see the price after XD

 

[staedtler_07]

What is your entry price that you are targeting?

 

[Dividends Warrior]

My target will be around 2.40

Hopefully, after XD, the price will drop.

Last year, the price did drop after XD.

 

[digitalguy]

My target will be around 2.40

Hopefully, after XD, the price will drop.

Last year, the price did drop after XD.

Thanks DW for information. i always owe you lots of thanks, have learnt a lot from your reply and your blog.

 

[Dividends Warrior]

Thanks DW for information. i always owe you lots of thanks, have learnt a lot from your reply and your blog.

You are welcome!

 

[kimurastanley]

noob question. what is XD??

 

[doody_]

I believe it's Ex dividend date. As long as you buy the stock before this date, you will get the dividend that's announced. However usually the stock price drops by the dividend amount after this date.

Wondering if it's a good idea to buy some M1 after that... support own telco

 

[Carnesir]

so between all 3 telcos? which one is better dividend and holding wise?

singtel quite gd price but cd, starhub price is sooo high, m1 least market share.

 

[Steyr69]

so between all 3 telcos? which one is better dividend and holding wise?

singtel quite gd price but cd, starhub price is sooo high, m1 least market share.

StarHub....the only one i didn't get.....

 

[Dividends Warrior]

M1 dividends coming tmr! $$$$$$$

 

[Dividends Warrior]

After tml I will storm inside and join u..

You are welcome to join me anytime.

 

[Red_Cheesepie]

M1 dividends coming tmr! $$$$$$$

what time will they bank in the money if using EPS? first time collecting dividend! haha