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Will find out when they call back. Cheers
Honestly, what would you have the company say? The dividend was announced, went ex-on the appointed date and the funds were paid into the relevant paying agent(s). If anything relevant in that process had gone wrong and was in any way the fault of san leon, an announcement would have been required and made days, even weeks, ago. The delay in receiving payment from an antiquated system of banks, brokers, and assorted intermediaries is an unfortunate fact of everyday life in this market, and nothing whatever to do with the Company. Period.
SLE PR number unable to reach company this morning. Broker will chase funds after 5th day. Would be nice to hear an update from the company or get a reply.
Guess we should be grateful it's coming from Ireland and not Nigeria; the clearing banks would never believe it was real.
Black swan wins today’s biggest arsehead competition AGAIN! Generate real income? You can’t even get that right. What has OML18 been pumping for the last 4+ years? Ah, the muck afake cleans in his job no doubt. It’s a matter of state paying Eroton ie income is generated, cash is owed SLE, its just not in SLE bank. Are you seriously stupid or do a good job pretending. Best you and fake stick to licking lamp posts or whatever else you’re good at but leave thinking for people with a brain not an arse where the brain should be.
ii broker replied to me this afternoon that as it is San Leon s first dividend it will be paid to them by cheque and due to the current circumstances cheques from ireland are taking longer than usual at the moment hence the delay in crediting my account of the dividend due which normally would have been done by the next working day.
I believe your broker legally has 10 days from receipt of funds to clear them in your account. Check with your broker.
think you are more than likely spot on with that assessment, PeakyBlinder2. and certainly judging by the confusion from various calls to the trading platforms over the last few days. these apparently elicited the following responses : 1.not aware of any dividend 2.yes aware of dividend and would be paid by close on Monday 3. not in receipt of funds 4. the back office are very busy and this is a first divi for san leon, so we don't have proformas set up for the transfers. my suspicion is the last one gets closest to the truth. also it occurs to me that the company possibly used a stock transfer intermediary (eg. ComputerShare) for the whole and then they distribute on? either way the likelihood of admin glitches on a first divi would seem to increase. or maybe the trolls are finally right and the company are not now paying the divi. that would mean of course they lied to me this morning but heh what's lying to a shareholder in the context of a multi million pound corporate fraud? i suppose though that would leave our CEO a touch light on his 100m + shares (23% holding) in the company? yep tricky one that - over to plodocus patheticus perhaps for a quick walnut sized answer?
I started this today so better put a further two pence worth in. I had a share called Stellar Diamonds, I wont bore you with the saga, but lets just say from that experience it is stockbrokers that cause the issue. For example, lets say the money comes into Barclays Stockbrokers for 275 share holders with x shares. The money comes in one pot and needs sorting. That could well be the delay. It might be the company we are invested in, but from that experience 75p of my last £1 is on Barclays, in my case.
have now spoken to the company - they've paid ahead of time as you would expect. so the problem looks like it's with the intermediaries. judging by the earlier response from ii, they are either being economical with the truth or are not on top of things (neither would particularly surprise me). suggest pressure applied on them?
good grief muckspreader how bare faced lie you make and how stupid you look for trying to denie mr or mrs alariks son made fact statment on this just gone saturday.
how stupid you think people are to belive you with your despurate attemts to discredit truth. you dont seem to care about have red embarased face again. you love repost so here mr or mrs alariks son post from saturday. enjoy.
afake or afact
Alaric
Posts: 704
Price: 25.90
No Opinion
RE: Anyone hadSat 09:16
my son tells me that ii expect to credit shareholders' accounts on monday.
AF - Wow! is bluepill actually Mr & Mrs Alrick son, make sense as they seem to echo each other's thoughts with their apparently well-informed posts - love the new red badge is their son a blood doner - whatever, the SP still seems stuck at current price levels - we desperately need to hear news regarding the FSO and to start generating "real" income from oil sales, not interest income?
on saturday mr or mrs alarik said there son said dont worry about payment they will be monday. but that yesturday. but mr or mrs alarik said sp would be over a pound by end of last year so he probably just troll ramping as usual. I always take what mr and mrs alarik and there son say with a pinch of salt.
I'm with II - and no nothing yet...
Barclays S'brokers I find are notoriously slow. Has anybody had divi cleared yet?