Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
as we speak.....! (All things being equal) As for reinvestment of SD in Tesco,i a buyback/consolidation is effectively Tesco compelling shareholders to choose Tesco as the preferred choice company for reinvesting the proceeds to maintain their pre SD/ consolidation value of Tesco stock. You could reinvest the SD proceeds in Unilever at the moment and possibly be better off.
Re Divi tax : If youre in an ISA or SIPP you will not get taxed. Neither will you if you are a non tax payer such as say a pensioner not liable for basic rate tav, but I guess those are few and far berween lol
Roll on final results and dividend announcment.
You’ve hit the nail on the head. Future shareholders will benefit from this sale at the expense of previous shareholders. We would have been better selling last week and buying today.
Lti
Many are ignoring the improved fundamentals now that there has been this consolidation. In my opinion many investors would have been happier if the company embarked on a share buyback strategy with the sale of asset money. Not realising that they would be buying at a range much higher than it is today.
The company has reduced liquidity, improved gearing, re negotiated loan rates, reduced pension costs whilst adapting to the pandemic and pressures of online orders.
Many new posters appearing last week and this that are disappointed that they didn’t get a free lunch.
Hopefully traders drop off one by one being replaced with investors who see value in uncertain times.
Lti
Many are ignoring the improved fundamentals now that there has been this consolidation. In my opinion many investors would have been happier if the company embarked on a share buyback strategy with the sale of asset money. Not realising that they would be buying at a range much higher than it is today.
The company has reduced liquidity, improved gearing, re negotiated loan rates, reduced pension costs whilst adapting to the pandemic and pressures of online orders.
Many new posters appearing last week and this that are disappointed that they didn’t get a free lunch.
Hopefully traders drop off one by one being replaced with investors who see value in uncertain times.
Prag, Fully Agree the 'new' or fresh buyers shall see the benefit off the added 'pension' contributions.
Totally agree Rosewell.
The lack of knowledge is quite worrying and therefore causing a lot of unnecessary confusion.
The high vote percentage should tell all that investors will not be losing out, but then again they all probably took the time to read and understand what they were voting for.
Looking forward for a sustained increase from now, on the back of a much healthier company and with the strong trading we are now seeing.
All good, so good luck.
Prag',
That sounds good to me my mate!! :) :)
Nige
I’m going to offer up an opinion here - might be subject to a bit of debate...
Tesco have made significant improvements to balance sheet, pension deficit etc through the sale so I personally expect to see the current SP rise by 7-10% by mid March off the back of that. If say 50% of people reinvest their SD on 28/02, I would expect this to push the SP up a further 5% by say end of March. All of this against the backdrop of an improving Covid situation means that this will only go north. I personally think that the SD has not been all bad. You currently own the same percentage of the company (in a smaller number of shares) and have the option to buy more from 28/02 and in all likelihood at a preferential rate with minimal fees. Worst case, if you do nothing you’ll end up a good 15% up over the coming months anyway as the market understands and appropriately positions the SP???
1308
''why are people not accepting that this SD has been of NO benefit to the shareholders? ;;
ffs when is this nonsense going to end.
The benefit to shareholders was when the Asian assets were sold and announced what was to become of the proceeds. The benefit has been baked into the market cap of Tesco since.
Anyone buying Friday expecting to be given 51p of money that did not already belong to them, would be amongst the most stupid people around.
LTI
I totally agree [ choke :-) ]. I have lived with this special dividend for almost a year and have explained to colleagues directly and on this and other boards. I can honestly say that most of my colleagues have a greater understanding of this investment than many of the posters on this board.
Tig
''All in all we haven't lost out but we haven't gained therefore it's been a complete waste of time ''
PLEASE stop this nonsense.
Did anyone buying recently really expect to be given 51p per share from what they did not own.
Investors ALREADY owned the 51p sitting on the Tesco balance sheet.
The 51p will no longer be on their balance sheet but in your back pocket.
Are we going to get every time an xd date comes along
''''All in all we haven't lost out but we haven't gained therefore it's been a complete waste of time ''
Am I to expect a similar message in MAY?
I am astonished with the volume of inaccurate and misunderstood posts on this board. Absolutely astonished.
The initial RNS was published on 9th March 2020, almost ONE YEAR AGO. It has been discussed most days since then.
The prospectus contained all of the information then in order for you to read, digest, understand. Huge numbers of posters in the last few days are acting as if this has come out of the blue. Absolutely everything you needed to know was in the RNS and you couldn't be bothered to look and now you are complaining.
And you call yourself investors? Really!
241 minus 51 equals 190
Think most understand how dividends work. The whole idea sold was we would get a gain from the sale. In reality, no such gain is apparent. Where has the money gone?
Hi again Pantherm100,
Sorry I've now lost track of which of your posts I'm replying to!
I once saw it written:-
There are companies run *by* their management, and there are companies run *for* their management.
I'm sure everyone will have their own opinion here...
All the best, Mike.
p69
''but his portfolio will still show it as a 10% loss.''
If someone bought 10,000 shares in a company at 110p per share the day before it was going xd with a dividend payment of 10p, I think you will find that on xd day the portfolio will show a loss.
I'm fed up with so many people who do not know the simplest of basics. I suggest to these people, learn a bit or stick with cash.
Typo error. for O Neil. Read" consolidation. Lolol
Chris1308
Just to clarify matters, you do not pay income tax on this special dividend. You pay Dividend Tax on any dividend payment over the £2,000 limit and then, only if the shares are not held in a tax wrapper such as an ISA or SIPP. If you are a basic rate payer then you will be paying 7.5% Dividend Tax on the excess.
There won't be many who will pay tax on the dividend.
Hargreaves Tesco data factsheet is showing a circa 0.53p rise at 22% on Fridays close! Seems they are working on a theoretical 1.88 pre consolidation assumption. The brokers seem to be treating it differently according to how they see the SD/ O'Neil issue. Not that it matters. It's all the same in the end lol
Pantherm100, you *not* been burned.
Did you read Tesco's RNS, as I suggested in an answer to another of your posts, where it makes it absolutely clear that the 50.93p dividend is on the number of *old* shares, not the number of new shares?
Mike.
Thanks everyone for your views particularly MikeM14
Whatever the outcome I fail to understand the logic of this process adopted by the Tesco Board. Very disappointed.
Im with Tigra on this .... why are people not accepting that this SD has been of NO benefit to the shareholders?
just as Lloyds and the banks became an ATM for the false claimers , this SD has been an event for TSCO to enrich the government coffers. ... the dividend is included as income and subject to Income Tax when you complete your Self Assessment ( allowing for the miserly £2K which used to be £4K not too long back) .
It took me ages to accept that I am not going to be a penny better off , in fact shareholders have again been cruxified by the BoD .... a repayment of capital has been given to us as income . So I'm an ex-TSCO shareholder until the price falls back to the 220 range which it probably will.
GLA
chris
£3 + ??? Dream on. The only consolation is I’ve been burned more than you.
tom1,
I think you're absolutely right that if you automatically reinvest the dividend in more shares the price will probably be slightly higher because of all the buying at the same time. However, the broker charge/commission, if there is one at all, will be very small. Whereas if you took the dividend as cash, and used it to buy more shares at a time of your choosing (eg when the share price is lower), the broker charge would be higher. A bit of "swings and roundabouts"!
Regards, Mike.
Thanks Pmoran - that is the way I see it.
I had 1462 shares at 215p = £3143.30 so this showed a healthy profit around £395
I now have 1154 shares. That averages 272p.
"Loss" is 57p per share.
The market should be reflecting the lower number of shares in circulation but the current price is 243.45p so 28.55p "down".
I get a special divi that, lest we forget was not meant to impact the share price, on the 26th Feb of 50p so £731. This means the nett figure is +£6.53. before tax. After tax it will be negative as it is being paid as a divi. The problem is that I will still be showing a greater loss on the dashboard because even if I put the divi in (old profit+divi+£6) I will still be down as it won't average down enough.
In other words the special divi from the sale of a large chunk of the business has had a negative effect on me.
I am hoping that the share price goes up to reflect the smaller number of shares. £3+ should be in order.