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8.0¢ fluence corporation limited

You're mixing record date when it applies to a dividend to be...

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hammerjx

526 Posts.

142

03/11/23

13:56

Post #: 70713350
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Originally posted by HiDiHi: ↑

I see the entitlement rights already in my Interactive Brokers account. And that makes sense to me, as the ex date typically is one business day _before_ the record date. So if the record day is today, then it has gone ex entitlement rights already. Record day <> ex date. I believe that what m1kerac states below is correct.

According to Interactive Brokers, the entitlements are indeed 4 cts in the money, too bad they cannot be traded (at least other than OTC)

I am much in favor of companies using the ex date rather than the record date, because of all the confusion it creates.

That being said, I am clueless who put in a bid for 1m shares basicly 30%+ above the subscription price, and why an insto or trading house did not arbitrage that out straight away.

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You're mixing record date when it applies to a dividend to be paid - not ownership date.
You can sell the shares immediately after buying them so you own them at the buy time.

FLC Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 8.0¢		Change 0.000(0.00%)		Mkt cap ! $86.47M

Open	High	Low	Value	Volume
8.1¢	8.3¢	7.8¢	$27.46K	343.3K

Buyers (Bids)

No.	Vol.	Price($)
1	56	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.3¢	310000	2

View Market Depth

No.	Vol.	Price($)
1	56	0.080
1	10878	0.078
2	275000	0.077
1	46000	0.076
5	129333	0.075

Price($)	Vol.	No.
0.083	10000	1
0.085	39000	2
0.088	56327	1
0.091	77370	1
0.092	22320	1

Last trade - 15.51pm 31/10/2024 (20 minute delay)

FLC (ASX) Chart