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Started: jauntyangle, 21 May 2024 15:25
Last post: Lamoroma24, 23 May 2024 16:51
My holding has changed considerably lower, and at a higher purchase price ? Now showing a loss of £4447 ??? I bought originally 3190 shares at around £3.12...Now showing 1875 shares at a purchase price of £3.94 !!!!!
I thought the idea was that the bought back shares would be cancelled, and so the price per share would go up (because market capitalisation would be the same less the dividend). I'm hoping that this is just an adjustment period and the price will catch up; otherwise the whole thing has been pointless, and the special dividend is just a neutral effect.
The buyback is £1.70 i beleive...also is it normal for the units held to reduce by about 30%...im now holding sig less and at loss ...divi wont even balance it out
The results of the consolidation have hit my account, and has nearly offset the benefit of the "special dividend". Unless there's some other adjustment due, it seems there's little benefit to the investor, unless you decided to sell your shares under the buyback scheme.
Started: Lamoroma24, 21 May 2024 10:25
Last post: Lamoroma24, 21 May 2024 11:44
Thx. The AVIVA technical team is worrying by telling me it's a ETF ??..lol.
Wait a couple of days for the share consolidation process to be completed. My holding in the HL SIPP is greyed out, pending completion of the above process. My broker expects this should be completed by the end of today.
That's my understanding. I have these in my AVIVA pension share purchases. But when trying to sell they're having trouble as saying it's a ETF ?? I dont trade ETFs ?
No, it's a stock on FTSE 250
Is ASCL a ETF fund ? My broker is telling me ?
Started: ripley94, 2 May 2024 23:43
Last post: ripley94, 20 May 2024 15:50
339p today broker might of done me a favor effectively not letting me chose the tenner at the lower end 315p it came in.
Consolidated shares on acc today , must be those ones they bought back.
Ascential PLC - London-based events, subscription business and advisory services-focused company - Confirms that the Tender Offer, the results of which were announced on Wednesday, completed on Friday. Under the terms of the Tender Offer, Bank of America Securities purchased 95.2 million shares at the strike price of 315 pence each. On Friday, these shares were subsequently acquired by Ascential from BofA Securities at the same price.
In April, Ascential said the tender offer would return up to GBP300 million to shareholders by acquiring up to 95.2 million shares, around 21% of Ascential's share capital.
Now 314p
Was a good buy 20th September 2023 at 188p. ( 188 to 314 = 67% )
Tenner 315p to 331p
Broker sent email to late for me to consider .
Started: FALCONER-FLYER-2, 15 May 2024 12:41
Last post: jauntyangle, 16 May 2024 16:25
This is the dilemma - because if you buy today, you'll qualify for the special dividend; but may lose out on a share price crash after.
But if you already hold the shares, and didn't sell them in the buyback, you've got that risk anyway. So, will the rump of Ascential (which still has £350m of retained shares, and they are cancelling the bought back shares) still have enough value to warrant buying more shares today?
Something fishy here... 128p dividend payment tomorrow! 52 week low was 187.40 and high now is 322.. Basically after ex dividend on monday the share price will be 194p..
194p is still a good price but when company is split.. their valuation will be low I suppose..
Not sure good time to buy or not.. because generally share price falls lot more than 128p on the day!
I was hoping someone could provide the logic on this, as i was considering buying more shares today in the hope that the consolidated shares wouldn't drop much.
They did keep back £350m for the consolidation, so hopefully the rump of Ascential won't drop too much.
What a sausage,
Forgot that it's a 10 for 17 consolidation, so I'm getting 10 shares for every 17 I own will need to work out how many I be left with and what's new opening price Monday morning, 1st consolidation for me,
Are con solidations a good thing looks like a lower, I get the payment will cover the reduction losses, but do consolidation go Down well in 1st week of trading, as less shares at higher price creates demand, best think about this I'm average 180p.ish
Hi all,
Having around 38400 shares in ascl, it will be first time I've recieved this time around,
I understand divis ect, and on divi day reduces by divi amount, plus other added selling on day,
What I don't get partly is the American funds increasing there holding, by in some cases a million shares, I think one as bought 978k shares recently, why knowing that there going to lose say 1.2mn on day.
In essence, these special payments are they treated as a divi payment ie drop £1.26p on day, as all these usa funds buying today and recently, some hold 9mn shares, that's one helluva a loss 15 odd million drop on day yet there buying.
Forgive my ignorance if any more learned fellas or ladies can put me right, thank you.
Started: jauntyangle, 8 May 2024 15:59
Last post: jauntyangle, 8 May 2024 15:59
Company Ascential plc (ASCL)
Stock Exchange London Stock Exchange (United Kingdom)
Amount 128.6p
Dividend Type Special
Ex-Dividend Date Monday May 20 2024
Pay Date Monday June 03 2024
Started: paternostpauper, 30 Sep 2023 06:04
Last post: paternostpauper, 18 Oct 2023 10:25
Apex today behind an offer for KCT via Kelvin (UK) Bidco Ltd. Could shortly see them make their move here.
I took a small position here a week ago following the impressive half-year results. The SP just looked too inviting for a company with 94% of shares held by institutions and a P/E around 15.
Sky are now reporting Apax Partners are back in for the WGSN slice "with discussions at an advanced stage". Their original enquiry earlier this year was in the region of £700m but now expected to be substantially below. Nevertheless, with an ASCL mkt cap of less than £1b, it could well see a significant sum deposited in the company coffers.
Started: MartMcM, 22 Sep 2023 12:20
Last post: MartMcM, 22 Sep 2023 12:20
Ascential plc posted interims for the period to 30th June this morning. Group revenues were up 18% to £307.4m, adjusted EBITDA was up 17% to £78.6m, reported operating profit was £0.7m from a loss of £35.1m a year earlier. Closing net debt was down a little to £205.6m giving a leverage ratio of 1.6x EBITDA, gearing ratios remain manageable. Valuation is average for the Professional & Commercial Services sector with forward PE ratio at 12.4x. Share price remains in an 8-month correction and lacks positive momentum accordingly. ASCL remains share to monitor for the time being...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/ASCL/806
Started: Changeofpace, 25 Jan 2023 07:39
Last post: Changeofpace, 13 Jun 2023 07:39
Thanks Sipps. Why do close end funds have to sell please?
Closed end funds having to sell. This will rerrate bigtime.
Does anyone know why stock so weak?
I came into the year long. Have held own through the news of the strategy to break it up.
Added today.
Just hope I'm not missing something.
Thank you so much... maybe buy more if stock opens up less than 10%? Do you know what break up value of company is?
Do you mean whether to sell? I would hold for now, this very positive update may lift the shares out of their recent trading range.
Started: Barnyrubble, 3 Aug 2022 15:25
Last post: Barnyrubble, 3 Aug 2022 15:25
The lower it goes the more tempted I am , 200 p near term target . I think this will speed up the break up and shift to New York for the digital side . Any thoughts folks ??
They are lol
Anyone knows if they are about to announce a major Acquisition?
Started: curo12, 28 Jun 2021 14:08
Last post: dfaz60, 28 Jun 2021 15:40
Agree - volume coming in last week - looking for it to break through 426 level then 470.
Charts look nice on this for the month. Slow builder!
Started: oogleflugal, 23 Jul 2019 23:22
Last post: oogleflugal, 26 Jul 2019 20:18
So today we have way more sellers than buyers although quieter in volume and a near 4% bounce.
All these. late buys coming in today and yesterday . Yet they still drive the price down.
First half pre-tax profits at information company Ascential rose to £30.5m from £23.1m as revenue increased 25% to £236m.
The company said it was trading in line with expectations for the full year, adding that it was confident of delivering its medium-term target to achieve double-digit growth.
Ascential, formerly known as Map, also said it had bought an initial 35% interest in cybersecurity provider Avast's marketing analysis unit Jumpshot for $60.8m. Peel Hunt target £4.40. Might be a bit light after yesterdays deal with AVAST if closed end of August. Another one under the radar generating good cash. Beats banks retail and telecommunications any day as an investment.
Started: thechancers, 15 Aug 2018 09:12
Last post: thechancers, 15 Aug 2018 09:12
Its TRT dan, Joe and Jambon
Started: JOEHIGASHI, 26 Jul 2018 14:20
Last post: JOEHIGASHI, 15 Aug 2018 09:09
Morning Dan, its either ASCL or TRT
Morning Guys, well that was inevitable wasn’t it. Maybe he didn’t follow our hot tips? Or even worse maybe he did lol
Duncan Painter has purchased 41,538 shares at £4.2826 and has a resultant holding of 3,592,558 shares, 0.90% of ordinary shares in issue
A director is buying 41500 shares so I presume they are gathering for his order. They have probably knocked out a few stop losses on the drop
and sell, this will probably shoot up tomorrow
Started: RetiredBanker, 22 May 2018 21:50
Last post: RetiredBanker, 22 May 2018 21:50
So a company valued at 1.6bn (>50x earnings) sells a division which represents >25% of its entirety for 300m and that causes the sp to rise almost 10%