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What Happened At Car Phone Warehouse?


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#1 HouseDog

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Posted 30 January 2012 - 08:00 PM

I don't trade but can someone explain in numpty terms what's happened to Car Phone Warehouse PLC. I've looked online for any news stories but can't find any reason for the share price to have dropped by 49%

http://www.google.co...nt=ob&q=LON:CPW

#2 up2late

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Posted 30 January 2012 - 08:23 PM

I don't trade but can someone explain in numpty terms what's happened to Car Phone Warehouse PLC. I've looked online for any news stories but can't find any reason for the share price to have dropped by 49%

http://www.google.co...nt=ob&q=LON:CPW


They just paid a 172p dividend per share so it's an extreme example of a share going "ex-div". The dividend payment has lowered the value of the company so the share price falls by a similar amount.

#3 levoleurdefruits

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Posted 30 January 2012 - 09:02 PM

often you can get some info from the discussions at iii.co.uk

in this case
http://www.iii.co.uk...play=discussion

#4 HouseDog

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Posted 30 January 2012 - 10:49 PM

Thanks for the explanation and info guys. :rolleyes:




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