724,000.00 Position 6
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 345 20 80000 276,000.00 16,000.00 -260,000.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 276,000.00 Total prof/loss -260,000.00 Team Players: StockBunny TC, Dotel, littlewoman, amberjane, Banked Funds 1,000,000.00 maggiebunton, priscilla, Hilary Team Worth 740,000.00 - 595,000.00 Position 5
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 45 35 900000 405,000.00 315,000.00 -90,000.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 405,000.00 Total prof/loss -90,000.00 Team Players: Fundamentalist TC, Jeffmack, Littlewillie, Hightone Banked Funds 1,000,000.00 Dazzling dave, abbie2u Team Worth 910,000.00 - 1,000,000.00 Position 1
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 0 0 0 0.00 0.00 0.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 0.00 Total prof/loss 0.00 Team Players: Sir Socrates TC, Optomistic, Snoball, Storm caller Banked Funds 1,000,000.00 BigAl, mighty micro Team Worth 1,000,000.00 - 1,000,000.00 Position 2
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 0 0 0 0.00 0.00 0.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 0.00 Total prof/loss 0.00 Team Players: Golddog TC, 8 ball, This-is-me, pappy, Banked Funds 1,000,000.00 Jgp212 Team Worth 1,000,000.00 - 1,000,000.00 Position 3
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 0 0 0 0.00 0.00 0.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 0.00 Total prof/loss 0.00 Team Players: The one and only Banked Funds 1,000,000.00 - The Suave Mr Gausie Team Worth 1,000,000.00 - 1,000,000.00 Position 4
Stock Name Buy @ p Sell @ p Holdings Invested Current value Prof / loss 1 none 0 0 0 0.00 0.00 0.00 2 none 0 0 0 0.00 0.00 0.00 3 none 0 0 0 0.00 0.00 0.00 4 none 0 0 0 0.00 0.00 0.00 5 none 0 0 0 0.00 0.00 0.00 6 none 0 0 0 0.00 0.00 0.00 7 none 0 0 0 0.00 0.00 0.00 8 none 0 0 0 0.00 0.00 0.00 9 none 0 0 0 0.00 0.00 0.00 10 none 0 0 0 0.00 0.00 0.00 Total Invested= 0.00 Total prof/loss 0.00 Team Players: moregas, mick p, hijeff, dickster, moonblue, Banked Funds 1,000,000.00 hedge66, kevinmcm, ps499 Team Worth 1,000,000.00 -

Golddog - "Dividend payments are not included im afraid!" Surley not?Arrrrrrggh I was banking on HBOS's 19.6p for the Poochies!!!!! That's why I picked 'em. Groan :(

GD,

I'd like to stick up for Jeroo.

I know the game's already started, but I believe that if a stock goes ex during the week then the amount of the divi should be deducted from the opening price (or added to the closing price). Otherwise, what's to stop everyone shorting stocks which are going to go ex?

... so long as the 48p difference is maintained. In my favour!

vasey: I like dogs .......... but I couldn't eat a whole one, I'm only a little bear .....(at the moment).

Fair enough on the divi payout question. But there is no way i could follow all the stocks divi dates myself so i will allow divi payments to be made but the Player needs to request the payout and tell me how much i owe them! I can then check it myself and add on the required amount to the Players account. Is that Ok?

Jeroo, Just tell me what i owe you?


Barc seems to be in free-fall?

Im just off to hide behind the sofa incase Ursidae feels peckish!

:-)

Hilary, How to i go about deducting divi unless someone tells me?

Hilary/GD - if adjustments are to be made it should be an adjustment to shorts on xd day but longs shouldn't get adjusted till divi payment day.

And how many of us evil shorters can be trusted to volunteer info that will reduce our gains?

I don't think it'll work. Recipe for chaos and dispute imo. If GD has no automatic programme for resetting the start price whenever an xd kicks in, and is relying on all of us requesting adjustments each week, which then require manual amendment.. GD will have no hair left to pull out by about week 3, and nobody will know when/how to compare relative performances, as valuations will be taking backward and forward steps which only the individual player will be expecting.

I think the comp should stick to relying entirely on the current market price of the share, and it should be up to each player to anticipate how this might be affected by the xd date. If they know there is an xd date coming up, and the price will likely dip, don't go long that week! Go short.

I think messing about with dividends will kill the competition off by making it too complicated to bother playing.

seeing that stocks have to be held for minimum 5 days, then shorting prior to XD can tip balance in your favour but it is not a sure winner, i would also be happy to see the game left as it is in order to save GD all the hassle, we could let jeero have his divi this time round to keep him sweet :-)

Hello GD, Juzzle & slacker,

I agree with Juzzle that if a system is to be applied, it needs to be applied uniformly. You can't rely upon the goodwill of bears to freely disclose ex dates.

:-))

All stocks go xd on Wednesdays. On Wednesday mornings they are expected to open lower by the amount of the dividend, give or take a bit for external forces. It strikes me that the easy solution is to adjust the opening price lower by the amount of the dividend. If this alteration is applied when you update the prices on a Wednesday, then the leader board will remain unaffected. What you need is a list of stocks which are going ex on a Wednesday so that you can apply the adjustments. I'm not sure what Juzzle means by adjusting long positions on the payment date ......... it's the xd date that the price will be lowered.

I note that GD was short BARC last week and they went xd by 12p.

:-)

The fact that i might end up pulling all my dog hair out swings the balance around to just leaving the Game as it is, and in anycase if a Player shorts a stock for ex-div then that's well played in my opinion! I think leave the game as it is.

Quite right, pooch! (Nice snuggling up to you on the leaderboard......!!!)

Keep it simple. Anyone who challenges the rules should be deducted 10,000

Vasey, snuggle snuggle! :-)

In all fairness a divi payment should be made to those that are long on that stock, this balances those making profits from shorting xd. As i said a player needs to request this payout. It can be paid out on that day.

Golddog - Why not take Hilary's easy solution this week and then if it proves to be to much of a pain in the backside then revert to the first weeks rules again next week where the dividend is not paid. How about that? It would be a fair compromise.

HBOS goes ex div. on Wednesday 19.6p

Jeroo, That would give you a payout of 627 on Wed!. Yes?

Golddog - Yes indeedy it would :)

Well it's good to have you on my team then. :-)


The Poochies will Win! The Poochies will Win! :-)

627 less tax

...and the juicy bone for Pooch as he now has considerably more work to do. You're a good-natured hound, GD - even if he is one of your team-mates.

Hilary - the thing i meant about those who were long not getting their divi till later was a reference to the actual payout of a divi, which I gather is what some are looking for, and which in real life doesn't come on the xd date but several weeks later. But I guess it may as well be paid early.

Other comps elsewhere - T2W site for example - ignore divis altogether and leave players to exploit the xd date by shorting if they wish to. An altogether simpler approach. - and simple is always favourite with me :-)

If shorting wasn't permitted there might be some point in rewarding holders with the actual divi once they've suffered the penalty of an xd-day dip. But shorting is allowed, so no need imo.