The share price now seems to have truly stabilized at just under eight euros. This makes this irrational price movement perhaps even more comical: as if the pleasure of receiving a dividend had some kind of rationally determinable price, in this case, just under two euros per share. Anyway, to the point: What do you think, how will the share price behave after the ex-dividend date? IH’s real estate business has been high-quality, and I would gladly buy back my sold share of it once the valuation normalizes, but I somewhat suspect that not all the air will come out of the bubble after the dividend detaches. For a long time, however, IH’s formally absurdly high dividend payout ratio will be visible in various media tables, etc., so those who have now pushed the price to its current level may very well keep it there for some time, before reality dawns. My own guess is that the share price will only gradually normalize during the autumn.
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