Oh dear! There was a share called SCAM ?!?!?
Here then a summary of the first live run.
The 40 due shares were picked up from the dividenddata site. For program use these were reduced to 28 (no particular reason just the number of lines I have allocated to the program).
First none-sterling shares were eliminated. Didn't want to have to program conversion rates at this point. In any case the better known shares of this type, such as RDSB and BP, are more likely to be long-term HYP investments. Then got rid of some with the word 'fund' or 'trust'.
I wanted to know if timing made a difference so prices were grabbed at 1000, 1200, 1400 and 1600. It does but not by much. It would however appear that the best time to commit would be around midday when prices seem to be most depressed. This is also true if you are buying for the dividend pre ex-div date - with depressed prices you might get more shares for your allocated amount.
So the result:-
The commission for the calculations is £12.50
The Offer prices were grabbed at 12 from ADVFN on the 7th.
The Offer prices were again grabbed at 12 from ADVFN on the 8th
Out of the 28 shares, 8 reduced in price by more than the dividend.
If instead of buying at minimum cost you had invested the full ex-div fund in shares you could have bought 7 at a greater or similar quantity.
Unfortunately Persimmon, as mentioned by others, did tend to rise during the day so did not qualify for consideration. Interestingly, half an hour early it would have because it dipped at about 11:30. I haven't done a thorough analysis but I don't think it was the high price. Perhaps best to eliminate those shares that are considered safe candidates for HYP.
I will be away for a long weekend so won't be able to contribute to the thread till Monday/Tuesday. I have thus put a screen shot of the run online:-https://s10.postimg.org/yjlmfkzvd/Erio_EX.jpg
Ouch! I have just posted the image without checking - last time I did this was on TMF - and someone slapped my wrists because apparently there were some 'naughty' adverts on the page. Someone else did point out which link to use. Hope I remembered correctly which one it was!