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Stu and Peter
It’s the six pm clause if you had sold Friday you would not have been the holder on record day
Still don’t know why the share was aggressively bought again yesterday??
I think the shrewdies in the upper echelons know a little more than us!!
I took my profits Thursday and will stay with them for the foreseeable future unless they start selling
GLA
In order to receive any dividend the share must held past 4.30pm on the record day. BBB can be sold on the 5th Oct to secure the declared dividend
Thanks Pete, still not chancing it as record date is 4th at 6pm lol
Agreed there looks like lots to come from BBB, seemingly retaining 8% of Quickline, receiving another £10.1m conditionally regarding the sale earlyish next year (another special dividend??), New Zealand prospects, governments dishing out subsidies to connect more rural areas, BBB experts in the field (ok, pun intended), now debt free and, in essence, I've received a 45p discount on the share price, sort of...
Stu
https://www.investopedia.com/articles/02/110802.asp
This link to all confused on ex divi date and record date, is cleared up here. Plus yes you can sell today if you wish, but personally I think this is a hold share with lots more to come from their growth areas, in Australia, New Zealand and Norway/Finland.
See also this link and insights:
https://www.investorschronicle.co.uk/ideas/2021/04/26/three-under-priced-opportunities/
Cheers all and GLA - DYOR.
Thanks Peter, however I have read differently on Investopedia etc, ie shares must be held on the record date - no point in chancing it imho, also thinking BBB could be a decent investment anyway and SP will hopefully recover, at least, in part
Thanks again
Stu
If you look at exdividend.co.uk it explains how it works at bottom of page.You must own shares before ex date and can sell at anytime including on the exdate or after and still get div.Hope this helps.
Quick in and out for me this morning made a very respectable 12% in a few hours .. thank you BBB :)
and there we are, now c35p drop ona 45p divi - more like what i was expecting
According to the 'Return of Capital' RNS - the Record time for entitlement to B Shares is 6.00pm on 4th Oct 2021
The B Shares are then bought back by BBB on the 5th at 8.00am, and monies sent on the 20th..,
By my understanding of the RNS, holders on 30th Sept who sell before close of business on 4th Oct invalidate their claim to the dividend - or am I wrong??
Would appreciate clarification, if someone would kindly post it
If i'm correct, then what happens to the sums of money missed out on by those sellers, does BBB retain it?
Stu
surprised this has dropped over 50p - divi is 45p
As you say especially with the ex date tomorrow but must be working as both our messages have appeared.
Yes, that's a bit odd, considering it's the last day before X-Div
Whats happened to the chat,nothing since last Friday
Have to agree with Arsenal - with £26m returned to shareholders that values the core business at c£46m.
It is a profitable and growing business, cash generative and now has a much improved balance sheet.
Can't see this dropping by 45p on ex div date either - it will drop but maybe by c40p
It's a return of capital and will not affect the sp accordingly
Bugger.... didn't address the issue of class B shares and subsequent cash redemption. This entirely a function of efficient distribution from a tax pov.
A couple of notes:
The statement by management in the RNS, noting that the share price will decline by 45p is entirely logical and has nothing to do with encouraging a stock sale--if a corporation is worth £1.40 and disperses (to shareholders) £0.45, the value of the corp will be reduced by £0.45. To the extent that the language of the RNS can be parsed, it's a positive--management being up front about the near term future. Trading, thereafter, will be a function of the performance of the company--cash flow, etc.--and the wider stock market. In other words, there's no free lunch.
That noted, you might have a tax implication of receiving the dividend --my memory is that there is a £2,000 threshold for dividend income, so if your total annual dividend income exceeds £2k, you'll be taxed on the excess. Of course, if you sell the stock at a profit, there might be a tax event (capital gains?).
The decision to hold the stock is entirely a personal decision based on risk profile, income needs, other portfolio concerns, etc. I hold this as both a cash flow and growth story, but really like the management and the space in which they operate and this allows me to stress free sleep.
(Hope the above isn't too patronizing/ simplistic.)
They are buying on the strength of the remaining business being undervalued
Some very shrewd cookies holding large amounts
Plus why aren’t the MM rushing in, or PI’s with some spare funds rushing in?
Hi, new to the BBB bulletin board within LSE. Is the 45p, b share issue and redemption really that good? Plus as the sp is around 123p today, I bought in at 118p, so if by 5 Oct 21, divi date and the sp is around 135 and drops to 90p? Do you reckon within 2-3 weeks that the sp will creep back to 115p range? If so then a fantastic quiet secret return of great figures!!!! Plus divi by share b redemption is by 20 October. Any insight, prior knowledge of this share or links welcome?
There seems to be an attempt to get PIs. to sell!!
With blatant scary remarks such as “share will fall by divi amount”& “consolidation when there isn’t one”
RG. Carries on moping the shares up follow the men in the know people!!
They never got where they are today buying when they should be selling lol.
Good RNS outlining dates and time line for payment of dividends .
All progressing nicely.
Up 10% as expected.How far can we go.Simon expects it to be worth 175p
New analysis at the Investors Chronicle highlights growth opportunities in the Nordic business and SkyMesh, and has a sum of the parts valuation of £1.75
They were 122p when he highlighted them in April, and 110p in his previous January article. The pre market price today was 106.5p. The will likely rise in the event of an article but it's usually been short term and "catapulting" is probably over-egging it.