Vote Labour for a good buying opportunity....well done Ed you let me get in at 305...... Proves even numpties are useful. Can see this one at 360 come Xmas.......even with Putin throwing spinners in works......CNA filling the caverns at the moment and at good prices....get a hard winter and 375 a good possibility.
Precisely why cna is worth buying at depressed price. Energycos are big tax collectors (a bit like banks pre bust). Milli will fudge his way out of the issue. Labour will need the future investment and the tax take and won't have cahunas to rock the boat other than with a few headline grabbing smoke n mirror platitudes.
China wants to build nuclear plant in Essex: China’s nuclear power giants are in early talks about building an atomic reactor on the Essex coast at Bradwell. The site, home to a partly decommissioned Magnox power plant, has emerged as the favourite for a new Chinese-built and designed plant, industry sources said.
No, there is no discount as such, but there may well be a difference between the price on the day the DRIP or SCRIP is calculated and the date on which they are received. As the base price is decided a number of days prior to them being issued, it will depend on which way the share moves as to whether the calculated value you get them at is above or below the current sp. For example today I received my Nat Grid SCRIP shares, the price used for the calculation was 836p whereas the sp today is 887p - so this time I'm better off as my cash div bought more shares at 836p than it would have bought at 887p. There are a few differences between how a DRIP and a SCRIP work. DRIP: here the new shares to be issued are bought in the open market. The average price paid is then used to determine how many new shares are issued under the scheme. There is no dilution as the total number of shares in issue stays the same, but there is a dealing cost - albeit usually around 0.5% - and stamp duty is charged. SCRIP: here the company issues new shares which has the effect of increasing the number in circulation and hence marginally dilutes the value of the existing shares. There is no transaction charge and no stamp duty to be paid in taking your div this way. The companies are also taxed differently on these two options so their choice of which to offer will depend on their individual tax circumstances.
They are likely to continue buying back their own shares for as long as they continue to offer a SCRIP div option, plus they will need to put shares away in their Treasury account for future sharesave and bonus schemes. Most companies do this and tend to only announce major buyback schemes when the shares purchased are to be cancelled as a means of using excess cash to improve shareholder returns. I hold my CNA shares in their 'FlexiShare' service and receive all of my divs as new shares. It is a great way to increase your shareholding at minimal cost, and have seen the number of shares I hold increase by 15% in the last three years. ATB.
Should have looked closer. Any idea when they will be stopping this? Had a quick glace through the Half year report but could not see it mentioned. They did say that they will be offering script dividend in 2015 as you have said.
It would appear so. If you click on the "Live RNS" icon on the main page for CNA you will see that there have 13 RNS's this month detailing "Transaction in own shares". Most of the shares purchases have been placed in 'Treasury' to cover future commitments to those who take their divs as new shares, sharesave or directors bonus schemes, etc, but some of those purchased have been cancelled to improve shareholder returns. ATB.
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