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Online Share Trading

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To Barry.Is the special div no 68 for real?

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Zirk
Frequent Contributor
Want to capitalise on Div's. HVL special div on 6jun posted as R1800 OST? Can this be true? Read somwhere on HVL site div was not paid last year, anyone know what happened
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5 REPLIES 5
Not applicable
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JohnnyCash
Super Contributor
Yip R18 or 1800c. Price would have reacted to it by now being cum-div.
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Electrox
Super Contributor
This one has been falling for fast few days, oppertunity to load up on some more before LDT? I see ACL holding up nicely
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barry_1
Super Contributor
This is not really a dividend in the true sense of the word.As ERVAZ(European company) has now a controlling shares in HVL, they were forced to sell parts of the busines by the European competition authorities to meet their requirements of listings....This amount is surplas to their needs so they are paying it out....I think it is possible that HVL's value falls by the amount distributed....It would then depend on various circumstances if it ever regains its share price .Really only my opinion.
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JohnnyCash
Super Contributor
Yip, I also see price losing R18 after LDT, but still happy with it as the loss on share price will come in handy and getting the divi tax-free...
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