I'm writing this XIN thread to help diversify our politics-heavy threads, but for folks understandably exhausted by the election, remember that after this week, political interest is likely to return to normal, bringing with it a more usual balance of topical vs. off topical threads.
That said, this thread's about XIN's rosy outlook for Monday and Tuesday.
Let's compare the dividend reinvestment period last quarter with what's happened so far this quarter:
Day 1, Dividend Payout Date. Last Q vs This Q.
August 20th, volume 330k, close $2.92. Wednesday, October 31st, volume 310k, close $3.39.
August 21st, volume 346k, close $2.92. Thursday, volume 454k, close $3.41.
August 22nd, volume 735k, close $2.99. Friday, volume 815k, close $3.63.
August 23rd, volume 442k, close $3.00. Monday:
August 24th, volume 478k, close $3.00. Tuesday:
These things are never perfect copies of one another, but I wouldn't be surprised to see the pattern continue with heavy volume on Monday and Tuesday. Since heavy volume has resulted in better price gains this quarter than last quarter, it's reasonable to expect Monday and Tuesday to outperform last quarter's days 4 and 5, and increase the price, rather than just maintaining day 3's gains.
That's incorrect. The Recording Date was August 3rd, which might be what you were thinking of, but the Dividend Payout Date was August 20th.
From XIN's press release dated August 10th: "On July 19, 2012 the Company confirmed a quarterly dividend of US$0.04 per ADS to shareholders payable on August 20, 2012 to shareholders of record on August 3, 2012."