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Prussell1963.... you are correct in your calculations, don’t forget however that you may be liable for tax on dividends received. Currently zero rate upto £2k, but if you go over that threshold the rate moves upto 7% and if you move into the higher rate it’s 32.5% tax.
Retaining the shares in a normal share trade account is fine if you won’t cross the £2k tax rate- that’s all dividends through the year btw..
I’m no tax advisor..... I’m just someone who pays tax!
Gl with your money
And that puts the share price after consolidation at about 313p based on todays of 247p. And that's why I have bought TSCO, and as long the share starts trading above 247p I have not lost anything . JJ
lets make this easy and not 15/19 shares.if a company has 1 million shares and worth |£1 million. and the turn 2 shares into 1. so you then get 500,000 new shares at £2.the company is still worth a million. how the f..... you think they go down i just dont know.
if everything else remained equal in your calculations would the share price not go up by x 19/15?
Hi all,
This my first message on here but I believe XD day is Monday 15th February!!
Here's the dilema: original purchase 2550 shares at 220p = £5610 outgoing. This is my breakeven / profit level. Going forward shows 2557 shares becomes 2013 shares x 247p (todays price) = £4972 + £1300 special divi (2550 x51p) = £6272 - £5610 = £662 profit with Spec divi, or if I sell 2550 at todays price of 247p = £6298. Profit £688. So against todays price which Tesco Board want to maintain hence the consolidation, in reality I dont get a spec divi of £1300 I( get either a profit of £662 or £688.
I am sure many others will have similar calculations and wonder why the kerfuffle of spec divi which does seem to have given with one hand and the consolidation has taken it all with the other????? So why bother, why not simply use the money to paydown more debt and pension defecit etc. I thought "at last, a bloody share win" when I looked to get £1300 in the pocket. Should have known it was never going to be that straight forward....... "The Lord Giveth and,".... well you know the rest!!
I cannot be bothered to sell for £26 differential as £12.99 will be taken in dealing fee, so difference is £13. Will hold on and see if I get another 7p Final divi for 2020 which I believe is payable in July 2021, anyone know if this is correct?
Going to sell my normal share holdings but keep ISA/SIPP positions. Thus, I shall simplify my calculations for the 2021 tax return and also hedge my bets on what happens. I do agree with the previous poster who said it's by no means an SD. TSCO have done nothing to increase our wealth here, simply given us a messy tax position and will incur future dealing costs as we redeploy the proceeds. I'm surprised the big II's aren't squeaking but they'll probably spin it to their holders?
Leas (& others)
Apologies, you may well be right but Thursday is the traditional XD day, though this is far from a normal divi & is hard to see how it can go XD before the vote, so I guess my earlier post was misleadig/incorrect
The special div. and share consolidation; for those who may have had some doubts as to how you are impacted go and take a look. There are clear examples and explanations on page 12/13 of the document. Perhaps I should have done my homework before but it has clarified just what my entitlement is going to be. For example if you hold 1000 shares you will get a dividend of £510 less a few p. And after the consolidation you will have 789 shares i.e. 1000x15, then divided by 19, and rounded down. From that you get the full SD on your shareholding before consolidation. Hope that removes any doubts. JJ
Mr Softie, stick to ice cream!
You won't be after Monday the 15th Feb. Lots of questions will be answered then.
Spindler
Personally I am looking beyond SD. My average is 225 and happy to have a cushion that protects my capital. If the sp dipped below 240 then I would be tempted to average up.
However, above that then my cushion is not as ‘plump’
It does not mean I don’t expect the sp to rise above 250, in fact I can see it getting closer to the broker targets.
Each to their own and of course their own personal circumstances.
That would make sense to me from how I read it Spindler. Not that I'm in any way an experienced trader!
Posters said weeks ago anything below 2.40 was a buy anything above no..i don;t understand the maths seems you are on the same page as those..sure someone will explain....
Hi Rosewall, one just has to read the packaging and make a choice. Simple really. Having said that, it will come down to disposable income and not everyone has a choice. I support our farmers as I live in a village where I have friends who farm and they work very hard and in my view deserve our support.
Source of the labeling information posted earlier is the tesco.com web site.
Pop down to any supermarket, no matter what the banner. Look at all of their own label products and you will see similar. Then look at the major brands and they are often similar. All food sources are stringently inspected and labelled. This is why you sometimes see product recalls and bad news stories. If inspections and whistle blowers (which Tesco supports) are not carried out then food quality would be in a much worse place.
You also have to take into account that the item may be produced in the UK according to packaging but the source can and often is different. This is why labeling is vital. It took me 30 years before I ate anything from South Africa and I still refuse to eat anything from Chile some 47 years on. However, for mainstream products, you will often find the labeling is clearer for own brand products. Birds Eye fish fingers contain "wild cod", Tesco fish fingers contain "Alaskan Pollock". There will be other labels contrary to this but the point is, strong labeling gives you more transparency and choices.
Am I missing something here?
If the £0.5903 SD and 15/19 consolidation have both been calculated at an assumed share price just below £2.42, won't buying at anything above that price mean anybody doing so is immediately out of pocket come consolidation? Or is it just the short sellers bumping it up to get out just before close tomorrow, meaning the SP drops back below £2.42?
mpw33cfr
Nice that your first post is accurate and researched. You are quite right.... from the RNS
'The Board is proposing to pay the Special Dividend to Shareholders on the Register as at 6.00 p.m. (GMT) on 12 February 2021'
Welcome to LSE and all the best
leas
xd date is Monday 15th so you can buy up to close on Friday 12th and still get the SD, I think.
barchid
Not so sure that is true. They have to vote on it first. You have to be on the register by the close tomorrow.
Lupo
I believe today is the last day you can sell cum divi, they are surely due to go XD at the opening tomorrow, so the 11th is too late ?
Mr soft, try Sainsbury's : )
Mr soft News this is not the customer service desk.
Keeping my ISA shares but sold a third of my trading account shares at avg of 246.0. See how the next couple days go. I will likely sell more, if not all, by the 11th (I believe that’s the last day of hold for the divi?). 32% tax just doesn’t compute for me as coming on top. Going to sit on cash for a while to see how markets pan out over February-March.