Dividend Growth Split Corp T.DGS

DGS Halted

[JohnWalker]

Obviously we're getting an overnight offering.

[SmellsofMoney]

SWEETNESS.  Just days before ex-date too.  I hope its a double impact MASSIVE dip!

[flamingogold]

$6.50 offering. Add in the typical discount and it could touch $6.20. We would need a bad market day on top to get this down to $6, if so I will be waiting for a quick flip. I will continue to hold my core position in the mid $3's collecting a juicy 32% tax free div in my TFSA.

[SmellsofMoney]

YOU BASTERDDD!!  32%  DAMNNN.  That's so SICCC

[mouserman]

Well there it is , NAVGOD called it..... i dont think we will see sub 6.50 immediatley, just because ex divvy date is so close. But next few weeks will  see the commons definitely tank as the broker/underwriters get their shares on the cheap and sometimes short it.. and then cover with the discounted shares.

[JohnWalker]

I don't hold any right now, but I hold FFN. I think FFN is going to be the next one with an overnight offering, so I will probably sell my FFN for a nice capital gain and load up as much DGS as I can at (hopefully) fire sale prices.

[SmellsofMoney]

I love it when things line up.  Hope that works out perfectly for you!

[EdPaquette]

I just bought some dgs above 6.70.  Follow me to find out what not to do. 

[evilhomer9444]

i just bought as well. What does the offering mean. Will it crash down to 6.50? I'm very concerned as i'm new to the market.

[GROG]

I sold half my position to take advantage of meltdown in QETH. Looks like was good timing.

[flamingogold]

I would buy some on the typcial dip that follows these offerings, but not all at once. We are ex-div on Friday so we might see a bit more selling pressure into next week. DGS is well diversified and should continue to do well during the global economic recovery/re-opening for the 2H of this year. You should eventually be able to turn today's trade into an overall positive position.

[JohnWalker]

Agreed! We should see extra selling pressure as DGS will be paying PREF Share dividends as well this month - so we will see UNIT NAV drop by $0.2375 on or after ex-dividend date.

[mouserman]

Yes agree here, some are buying for the divvy today, but tomorrow may be a better entry point. I note so far today ANON is a huge seller, this is usually shortsellers, or some entities /traders trying to work the price lower for a better entry to buy it back. House Positions for C:DGS from 20210526 to 20210526 House Bought $Val Ave