London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just praying MNDI doesn’t increase their stupidity.
https://www.lse.co.uk/rns/SMDS/statement-re-possible-offer-rokcdjt85tb1a1g.html
Https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=MNDI
I find this the best site for divi info.
Hi Just looking at this post about Divi payment, what was the divi payment for the one in Feb. TIA Gerry
Sold up today at $14.1936 . We are getting less dividends €0.4667 ( last Year €0.4833) and we have got less share. Lost quite a bit but the SP is only going to go down again IMO. Like every body says DYOR and double check in my case.
In pence/cents terms, yes the div will increase. However, so has the SP. Thus, the yield remains comparable.
Yea my divi came on the same day too. All sorted.
Hopefully things have settled down a little and we see some Upward momentum build upto next divi when it will drop again slightly lol
Wonder if next divi will be increased as less shares in issue now..
Did every body's divi land, I'm sorted same day.
Another divi in 6 weeks, let's start the climb, sp should be higher, ds smith a buy out target,
Spoken with HL this morning, looks like they HL have messed this up. Really angry
With HL, still no divi!
Woah blimey that’s some divi! A new Bike sounds a like a plan
Mines nowhere near as that much but still happy with it. Mines been reinvested into my pie mostly made up up divi paying shares.
Gla
Ps
Goldman sachs seem to have been closing all positions.
Looks like there going to short
Was just about to ask same Rahee, I'm with iweb, waiting on £16,300,i have direct to bank set up, there intermediaries are normally late afternoon 15.00hrs,as there's not much reinvesting going off plus it was a special payment.
Buying new Hartley Davison with my divi, doing some great bikes on sale. Good luck pal.
Anyone received their payment yet?
The market seems to be turning positive on modi have added 70% to my holding this morning at 1341p.
special dividend payment tomorrow so expect further sp rise with auto reinvestments flowing in.
Hi Da Matser Didn’t find your post arrogant educational more like it (I will take on broad all advice people give) but hope you are wrong about the dividend 😄.
Also you said about your 40% gain on RDW well down I can only dream/hope of that with my portfolio it would get me back in the black
The lesson I learnt don’t just see the £ signs do research and then more research
I hate to break it to you but a rise in dividend because there’s less shares is not going to happen. This is because they’re returning the funds from the Russian assets to us. As said before, a buyback would have increased EPS and therefore DPS.
Any company could swap 10 shares for 11 on any given day, which would rescale the share price but MC - and critically your share of the MC - would not change.
It’s more confusing because they did it at the same time as the ex-date - and now we have this potential merger in the mix!
I’m glad you’ve learned a lesson about the dividend. I was accused of being arrogant for suggesting this when I saw you mention it in an earlier post.
Hopefully, you can buy some dips and get that average down. And hopefully they won’t ‘overpay’ for SMDS. It already got 10% more expensive today.
Hi Da Matser Thanks for the reply, Just have to wait and see how it plays out. I will give it 12/18 months then decide what to do, Its only a loss if and when you sell. I just saw the special dividend and bought in so I have learnt a lesson, hopefully the final result on the 22 Feb will be good news and a rise in dividend with there being 9/10% less share
@velladean Look at what happened to RDW and BDEV yesterday. It's usually good for one company and bad for the other.
That said, it is largely down to how the share capital is split and as this is in the early stages there has been no indication of how it will be split. The market is expecting a swing to SMDS:
e.g. MNDI MC is £6B and SMDS is £4B (for ease). However, IF, FOR EXAMPLE, they exchanged 50% of the combined share capital for all of SMDS shares that would be a 25% gain for SMDS (40% to 50% of the combined share capital).
Personally, I think SMDS looks a great undervalued company and they have been on my watchlist for some time. I'm happy to acquire them via MNDI but it all comes down to how that combined share capital is split.
Of course, the deal might not even happen at all!
In any event, I have spent a large chunk of my RDW profit on MNDI today. I sold RDW as I'm not happy with joining up with BDEV (very poor performance and valuation) and the share capital split worked in our favour, so I ran for the door taking a 40% gain in less than 5 months.
Just Seen It a bit like Barratt And Redrow Yesterday. Should check things out first But with being £6500 (20%) down i was a little bit mad/frustrated.
Possible take over of Smith d s
How come DS Smith is up 10% and Mondi is down 5%
You don't totally disagree with me as your fact of giving up 9% of the quantity of shares is just another way of wording it.
Another thing I think we agree on is the SP has fallen further than the 9-10% it should have going ex - over 16% since Fri 26th.
I was simply hypothesising as to why it has oversold by 7%. I discussed this with my son over the weekend and I suggested also that the downsizing was probably baked in.
It's a pity you thought I was being arrogant as I always try to contribute in a positive manner and have tried all sorts of ways of explaining the situation but believed I wasn't making any progress, so simply stated what I believed was the core issue.
I do agree that a buyback may have been better received by the market. If not, the company would have benefitted from buying back shares at a depressed price. But I also understand why the board took this alternative action.
Totally disagree with you suggest you look again at the statement made in the rns on the 19/12/23.
the fact is we gave up approx 9% of our shares to support the share price after recieving the special dividend.
now you are probably right to say that not everyone would have understood this action .
but the fact is there is now 9% less shares on the market than there was before the dividend was paid and in theory the consolidation should have supported the sp just like a share buyback programme would do.
as for the loss of earnings from the sale of the russian assests that had been baked into the sp long ago .
and one other thing for you to say that others on here do not understand that a dividend is deducted from the bottom line is nothing but arrogance on your part.
@steve The consolidation wasn't meant to support the SP; it was to recalibrate it when it went ex-div and inevitably dropped 10%; i.e. to ensure it remained around £14.50 on the day before and on the ex-div date, which it succeed in doing.
We were always going to 'lose' 10% of our invested capital when it went ex-div - that's how dividends work - because the company is worth less when it has dished out 10% of it's MC.
The fact the SP has continued to fall may be because retail investors don't understand this basic concept or simply because it's less attractive without an impending dividend. It could also be that without the Russian facilities, the company and thus profits going forward will be smaller. One thing is for sure, it is nothing to do with them taking your money or your shares in some smoke & mirrors act.
I am with Allinadayswork and will continue to gently top up over the next couple of weeks. Many traders (of which I am not) will be trying to predict the bottom. Once it is clear we have found the bottom the SP will start to strengthen - especially as we head to the next ex-div date in March.
If you believe in the long term prospects of the company, then simply continue to invest at these reduced rates and stop stressing about your short term 'loss'.
Allinadayswork, Thanks for the reply but hope you meant £15 not £13 as I need it nearer £16. I will have to wait to final result next month then see if I take a loss or hold