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How do you arrive at 1065
The first question will be at what price it will emerge following the consolidation. It won't be as simple as Friday close -£3.55 as that would ignore the restructure. Assuming at least some of the price rise since the announcement was being driven by speculative purchasers, is it going to settle at the 1065 benchmark used as the basis of the consolidation?
At this rate the SP will rise after ex divi as everyone is waiting to buy!
Watching this myself at the moment , think I will wait till ex div on special
I guess a few folks have sold on the recent rise. Hope to be coming back in any drop off in SP after Special XD on 5th July.
Goes XD for Final (or interim, can't recall) on 22nd.July, so will be interesting how SP moves once people sell after getting the Special £3.55p......
Well about a week to go now so expecting a slight rise for the special divi in the run up.
Bristol buy being investigated, as expected but I doubt there will be any issues with the new owner.
I dont know about a rush to return. Its still on the toppy side imv. Hopefully after the special has taken the wind out of its sales it might migrate to more realistic levels even after this weeks 3.3% drop. there is still time for this to change.
Of course it close to the ex divi date but this is now relatively smaller and the buyback is being done over time so wont/shouldn't affect the SP that much initially unless they start buying huge daily amounts that would be counter productive. I might buyback any in dribbs and drabs hoping that no news/noise allows it to drift lower over time.
I even committed some of the proceeds on a limit order that expires today. I doubt it will get filled as the wanted SP has risen 10% since. Hopefully the share gods guiding my hands to better things here or wasting the cash on something useless.
Not a divine gift then? Shame; a flawed mortal like the rest of us. I can do your other tricks all too well for myself quite unaided, thank you. Teehee!
At least PNN hasn't done an about face on us, fingers crossed for the next couple of weeks.
Hold yer horses there fortyniner! Just pure luck old boy. Sold the first half earlier in the day & the SP dropped to 1,157
Sat at computer holding my mouse & steadilly it got back to 1,162.5.....so hit the sell button. Phew.....
But, not the same story with my BT shares which i sold a few days earlier at 197.5......have carried on up to 204
Am now trying to figure out why my BHP Group have dropped over 12% in 5 weeks, for no apparent reason
Good luck everyone
You were spot on there Millie, well done! I should have jumped too when you originally said you were selling, but I'm fairly happy about what I did.
Just give me the nod when you think is the right time to buy back in will you? :-))
Same here, out but still watching.
Very rarely i feel i bought/sold at just the right time but sold both half's of my Pnn @ 1,162.50p the other day.
Since then the SP has dropped, & quite a bit.
Will, like others, be waiting for the consolidation to settle and then will maybe look to buy back.
Perhaps before XD on 22 July.
Hahaha! I may be 'out' but I don't stop watching; I'm still committed, just trying to make the best of a situation.
I hope we aren't going to be killed in the rush to return. I agree the window of opportunity is post consolidation on 5th but prior to payment of the special dividend on 17th when PNN indicated would be the start of its buy back process. This will be an interesting time.
At this rate there will be no one left here or we will all be lurking in the background waiting for a fall that won't come cos we are now the crowd we wanted to avoid in the first place.
Does this mean it not worth coming back here until the 17th July or will we comment on what might have been or what's we have missed daily
There's been a bit of a dip today, probably on the back of Goldman Sachs increasing their target, but only to 1084!
My stop loss got me out before the end of day tumble. Now it's time to sit on my hands, as well as the proceeds from the sale, and see what happens post consolidation! See you again then abw. Good luck all.
Sold my remainder late yesterday afternoon and, like others, will hope to get back in once all the uncertainty is over
Good luck all
Gerry, I thoroughly agree. Greedily chasing a high or low is unnecessarily risky. It's better just to pick the level at which you're comfortable and live with the decision. I am still in but will make my move accordingly. Selling threes higher buys you more twos when it's lower if you can work that little piece of magic well! I've been in here a long long time so should realise those gains in any case. I'm convinced by the company so look to be reinvesting on the other side of this shenanigans.
Just been looking for my previous post when I thought that 631 was too expensive and didn't buy. Twas a while ago and didn't find it in 30 sec that I could be bothered.
Maybe one day 1163 will look cheap
Old, you don't have to hit the highs and lows. As long as there is a differential, oh and some divis help.
You only get 2 for 3 no matter how high the price goes which is why I thought it would anchor around the 1086.5 price. That's not to say carpet baggers won't dive in thinking they are getting a massive divi windfall now instead of just being forced sellers of their own shares at 1086.5p. Just wait for the comments on how is was all a scam etc.
Still time to ride the baggers wave if your better at not being greedy. For me, my remaining shares were already flashing sell as there were over 12 years dividends in the price and my running yield was getting lower and lower.
Hopefully it will turn back into a steady boring utility share again with a decent yield.
Just got all that useless cash to deal with now.
Well, sold half my position & took a 20.5% return over a few months.
Got 1,162.22p...it's more than i would have accepted a week back, so happy
Remaining half may go this afternoon. Boris could confirm an opening delay, which might depress the general market in morning.
Already thinking i should have sold all.......so indecisive at moment
GL everyone
......
Ah, the perennial conundrum; where's the top to sell, where's the bottom to buy? If only...!
Good luck everyone.
Gerry,
finger on the sell button here too.
But holding off & watching. Think there may be a bit more in it yet.
Drops 5p then am out, but will probably hold as long as it keeps rising. £12, definatly out.......
14 more trading days until XD
Well that is the lot sold up now. So hoping for a fall. Not really happy about buying back at these prices. Whilst its been a nice steady share and I would be happy to hold again. The yield is quite low for a utility, even taking into account, the expensive Bristol purchase, the expected rise in next years divi.
Like many I suppose, will keep an eye out for any dips. No plans currently to spend the cash unless one of the green power provides does a placing or takes a dip.