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Shanda Games Limited (GAME) Message Board

  • javocat javocat Jan 23, 2012 1:52 PM Flag

    Friday close was $4.73????

    now it is at $3.85ish and it says it is up???? why did this happen? Do they reduce the amount of the dividend per share from the share price? This doesn't make sense because the stock had the dividend priced in already. Can someone who knows the answers to these questions please explain? Thanks, J

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    • You had to still own them on fri close to get the div

      In addition, the Nasdaq will apply its due bill procedures, pursuant to which trades of the Company's ADSs entered into before January 23, 2012 and settled after the record date (the "due bill period") will have a due bill attached for the special cash dividend payable on January 20 , 2012. This means that holders who purchase these securities during the due bill period (even if the trades are to be settled after that due bill period) are entitled to receive the special cash dividend, and sellers who sell the securities during the due bill period (even if the trades are to be settled after the due bill period) are not entitled to the special cash dividend. Investors who enter into trades to purchase ADSs on or after January 23, 2012 will not be entitled to the special cash dividend payable on January 20, 2012 .

    • yes the price was adjusted.

      your understanding of 'priced in' is incorrect here. everyone knew about it, yes, but the stock went ex-div today.

    • the price of dividend comes out of the stock price now is a perfect time to buy the stock with this drop

 
GAME
6.56-0.01(-0.15%)Nov 26 4:00 PMEST

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