Origami Friday, page-29

@rvm and @kacy

Howdy. A follow up question regarding the dividend adjustment you guys were chatting about. Do either of you (or anybody else) know whether this adjustment is a real adjustment. What I mean by that, is folks often refer to stocks being 're-rated' on news or anticipated announcements etc., but there is no actual re-rating in terms of the exchange going into the system and changing the price.

So, for the dividend adjustment, does the exchange go into the system and do something to change the price, or, is it an expectation of people selling the stock after the dividend date that is referred to ?

So also, given the XJO is a Standard and Poors index, they would also have to go into their system and change the price - if it's based on market cap for example.

My thinking is that it can't be as easy as just shorting ANZ on the ex-dividend date as the price will go down because somebody goes in and changes it.?

Have a nice day.