BEE shareholders get R1.3 billion in dividends from MultiChoice

[BusinessTech]

BEE shareholders get R1.3 billion in dividends from MultiChoice

MultiChoice has announced that its Phuthuma Nathi shareholders will receive R1.3 billion in ordinary dividends.

 

[mountainboy]

Can anyone explain the drop of share price from R135 to R115 since the announcement?

 

[midnightcaller]

Wow
That's amazing

 

[dunkyd]

Hope they use it to pay for their shares....

 

[jones123]

everyone registered on the books till the end of business on the 30th Aug gets paid. So demand for shares drops as many sell trying to make an extra buck. therefore the price just bottoms out. Price dropped on 31st Aug

 

[mountainboy]

everyone registered on the books till the end of business on the 30th Aug gets paid. So demand for shares drops as many sell trying to make an extra buck. therefore the price just bottoms out. Price dropped on 31st Aug

Thanks, makes perfect sense

 

[Eti1]

Hope they use it to pay for their shares....

Lol. Cos they didn't pay for them when they bought them?