MRE 0.00% 87.0¢ minara resources limited

confirmed with mre record date is 10th nov ..., page-2

  1. 6,716 Posts.
    I don't think so.

    The settlement of the ASX trade is T+3 but then it takes another day to get to the registry.

    So the offset between the "ex-date" ( that is, the first day the stock trades without the entitlement ), and the record date, is 4 days.

    In a NORMAL week ( no melbourne cup ), if the record date is the friday, then the ex-date is the preceding monday, which means if you want the entitlement, the last day to buy is the friday before the record date.

    The rule of thumb is that the last day to buy is the same day of the week as the record date, one week earlier. Thats if there are no public holidays or non-settlement days.

    You can confirm this by looking at any list of upcoming dividend ex-dates and record-dates.

    So for a NORMAL week, if the record date was Monday 10 November, then the ex-date would be Tuesday 4 November, and if you bought it on Monday 3 November, you would get the rights.

    Because it is the cup week, tuesday is a non-settlement day. That makes monday 3rd the ex-date and today was the last day to buy. MRE's announcements make this pretty clear. Often they don't state ex-dates but in this case they do, several times, and it is Monday.



 
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