11-01-2012, 03:26 PM
(11-01-2012, 03:23 PM)Nick Wrote: I believe people prefer to receive cash dividend rather than scrip shares which may be difficult to sell due to the illiquid nature of the stock now (huge spread). The 10% discount would usually give some gains upon selling ? Overall, based on the scrip exercise over the past year, it seems most people (including myself) prefer to receive cash.
A pertinent point, Nick. Thanks.
The 10% discount does not really equate to any significant "gains" even if you sell at prevailing market price. Reason is due to illiquidity and also the wide bid-ask spread. Plus, the odd lots problem you mentioned.
Anyhow, let's see if the scrip continues to be offered. I will then decide if I wish to continue to receive it.

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