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I am afraid Jarvis did have this correct.
The London stock exchange has to set a date when something goes EX otherwise the whole market would not work.
I can only think the big price drop on the 20th was because confused small pi sold.
The market makers and city types would not have made the mistake and you can see the big fall the next day after the XD.
Also look at the huge spreads each day.
As i have said some of those city types took advantage of this confusion to profit and some rotten types would of been posting on here giving wrong information to take money from them.
Very sad .
Hi Ripley
I think your request is out of my scope of expertise, my spreadsheet only covers the demerger aspects with ratios ect, if I can leave this one out for the rest of the posters to comment I'm sure someone will confirm this for you in due time !
Regards
PC
ps my son has just purchased 638648 ( shown as a sell ! )( purchased below market price, hence the sell !)
HI Pinecone54
I have held these for years i was thinking of averaging down / topping up and had a target of 0.45p.
before this messy business
Now obviously the company is not worth as much as it has given away CAI..
I can not work out how much that give away was worth , or the reflection in this share price.
I wondered what the equivalent of 0.45 would be . ( with no CAI )
And the equivalent of Wednesday 20th 0.3 close .
Might not be as simple as that as CAI might of been the more valuable part of it ?
Just wanted a figure to equate to .
Hi Ripley
thanks i'll try to help, but can you just clarify the point your making?
PC
Hi Pinecone54
I was impressed with your answer yesterday @ 9.51am on here.
Thank you for that .
What would be the equivalent price of Karas closing price last Friday now it is ex .
Me too SBK! I felt waiting for a reply to my secure message wasn’t quick enough so rang. HL’s ex-cap info clearly does not match with the RNS. I hope I got the chap I spoke to to understand, am now waiting for a callback & outcome! Having got the other stuff wrong on their original email re distribution I’m expecting this escapade to be an error on their part too!
I've just got off the phone to HL, have had to forward them the RNS from weds this week so they fully understand the story. Think this is complicated even for them!! I've asked the corporate actions dept to read up clarify and send out info...if they do it or not is another matter.
In that case, I expect "Google meaning" to close down Prop......... :()
All the best (I wish them well............ lol :)
Just written a disgruntled e-mail to HL on its continual misinterpretations of the CAI distribution.
Thanks for the heads up on the HL ex-cap flag on HL.
I have just messaged them to point out that the RNS clearly states the record date of 19th, & suggest we all do the same.
I still want to know why I have shares to the value of yesterdays holding not the 19th at 6pm? Has any one else seen a variation, and anyone who sold out yesterday am not received their expected amount?
looks like we have bottomed now
I think we have all learned here that the combined brain of this board is the best place to raise queries. The complexity of this small companies share structure (currently undergoing much simplification) is I’m sure way way down on the priorities list of brokers dealing with hundreds of companies.
Thank you.Pinecone54
I thought it made Jarvis info right.
I have found the posters on this site not very helpful in the past.
I post more on ii and have given more detail there .
I bought in morning .. rang her to complain she had misinformed be day before after reading stuff here , ( could that be deliberate ? )
She said no and even rang me back informing ratio had changed ( broker i bought with not up to speed with that it appears )
So thanks again for that.
She said something on Monday about buying before 26th ( that date changed as well it appears to yesterday ) and they would come in a different batch ( they would have to apply or something .. but no hassle for me )
So even more surprised to see them all today ill check later to see if the ones with Jarvis are in .
Buy the way is today's price the ex price ?
And what is it compared to yesterday if it is .
I'm not sleeping until I see the shares in my account ...
if the RNS is wrong... then that is another matter.
I think no one really understands and many see it as a stock dividend type situation.
However the RNS states:
"Eligible shareholders will be entitled to receive 1 Calidus Share for every 3.451963 New Ordinary Shares registered in their name on the record date, which has been confirmed to be 6.00 pm on 19 November 2019"
so as long as you had shares in your name, at that time, presumably fully settled, then you should receive the distribution
I am not sure any further interpretation can be applied to be honest?
I would trust HL's information on this matter as much as I would Boris's promises.
Just to add to that......... on HL "XC Today" popped up on the screen, I assumed it HL mistake.............!
"This stock is trading ex-capitalisation. To qualify for a capitalisation or bonus issue, you must have bought the stock before the ex-capitalisation date and still have held it at market open on the ex-capitalisation date."
Anyone else...........?
All the best (HL are known for mistakes :)
Hi Ripley
Just to be sure what you are saying, you purchased additional shares “ yesterday” after the “record” date, your broker then added them into the calculations?
Your figures are correct, but the brokers are using the old ratio, your new figure will be 275817!
Now this throws up an interesting scenario, if people sold............would those shares be discounted?
Hope not......court cases could ensue!!
Could be just a one way traffic issue!
PC
Well i am a little confused big price drop this morning indicates Jarvis had this correct.
I purchased more yesterday with a different broker to Jarvis .
Brought my total with that broker up to 952110 ( one that deals ASX ).. today rights for those show as 276592.
Not great with the numbers but does that look like Jarvis had this correct .
( They claimed you might get the rights for yesterday buy at a latter date , two batches if held before )
Surprising how many different versions of events/timeframes/outcomes were stated by our various investment companies on the lead up to our Calidus distribution. Mine (Tilney Best invest) didn't have the foggiest what was happening or what they were going to do. I set them right, ha ha. Although i'll be happier to see them golden tickets in my accounts rather than MIA, like now!. :o).