It's not a policy - an observation and pretty well known fact about share trading to be honest. You might want to read this, taking particular note of this bullet:
On your next point:After a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.
Who would be responsible for that then, seeing we are all equal members and nobody is paid?
I didn't state the price drops immediately after the ex-divi date - you decided I said that! I did say that it normally does. In this particular case, yes, it shows it did not but we are in a strange market at the moment and hindsight is a wonderful thing. There have been times in the past when we should have sold before going ex-div as we'd have ended up with more money than what was on offer after, including the divi. It's all too easy to present facts after the time to prove a point, when on another day the opposite could have happened and it would be unproven. It is especially frustrating to see someone try that old trick when they previously suggest we should sell the share at a loss.Boro Boy wrote: ↑Mon Jun 01, 2020 12:16 pmAdditionally the statement that the share price drops immediately after the ex-div date is passed seems to be untrue in this instance: sold 26th range 1.095p to 1.12p or 29th May 1.16p to 1.125p
So you would have qualified for a dividend and sold at a higher sale price had the sale occurred later
Who would be responsible for that then, seeing we are all equal members, nobody is paid and everyone has an open forum to share anything they wish to?
I think you fundamentally do not understand how the club's polls work - once we have bought a share an open-ended poll is created for members to vote on hold, buy or sell. Members decide what their view on the share is and then change their vote according to how they want the club to react. In this case the scale tipped in favour of selling and then it was sold according to that desire.
Would I be right in thinking you are suggesting I interfered in the poll somehow to get the result I wanted? Being the chairman of the club is a poisoned chalice. I try to provide points for discussion and polls for members to interact with. There is no reward for it. We are only talking small beans investments. Why on Earth would I ever feel the desire to do what you are suggesting?
If there is ever a time for your preferred insulatory WTF emoji it is now