Share trader newbie, Datatec dividend am I missing something ?

[Slade]

Hi, Merry Xmas to all

 

I am new to share investing and busy learning the ropes.

I spotted this on Moneyweb last week and I am not sure if I am missing something.

 

https://www.moneyweb.co.za/mny_sens/datatec-limited-finalisation-announcement-in-respect-of-the-special-cash-dividend-of-r23-per-share-to-ordinary-shareholders/

 

R23.00 dividend per share is pretty large right ? On a R56 share.

Do I only need to be holding the shares on 12 Jan 2018 to receive dividend ?

Would this SENS info not drive the share price up ? but it still fairly seems flat.

 

Any advice would help thanks.

Slade

[MrBean]

Hi, Merry Xmas to all

 

I am new to share investing and busy learning the ropes.

I spotted this on Moneyweb last week and I am not sure if I am missing something.

 

https://www.moneyweb.co.za/mny_sens/datatec-limited-finalisation-announcement-in-respect-of-the-special-cash-dividend-of-r23-per-share-to-ordinary-shareholders/

 

R23.00 dividend per share is pretty large right ? On a R56 share.

Do I only need to be holding the shares on 12 Jan 2018 to receive dividend ?

Would this SENS info not drive the share price up ? but it still fairly seems flat.

 

Any advice would help thanks.

Slade

 

Hold till close on LDT (last day to trade)

Div is already "priced in" - in will fall +_ around the value of the div the next day - maybe a bit more, maybe a bit less. Obviously they have sold a huge chunk of their business, and this will be reflected in the shares price the next day. I have LDT listed as the 9/1/2018 - could be wrong - but check. BTW remember 20% div tax.