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It would rather depend on where the money they pay out comes from and how much it is compared to how much they have. There are developments in the pipe-line that could increase the wealth of WTG considerably. As such it is impossible to guess anything either way.
Expect this epic tragic comedy to continue for some time. The alternative is to sell and then it won't bother you, although I should add that I won't be doing that.
If they announce another £1/share then obviously the sp cannot go to -40p from where it is now but I can imagine it going to a few pence. However, it dropped by around £1 after the last payout.
The share price never dropped by the 50pence it paid out last time.
** I meant to say "less than 50p" in the 2nd bullet but you get the point.
@robina Here's a couple of thoughts
Let's assume the sp is 50p when another CR is announced, for simplicity.
-If WTG announce another £1/share to be returned: what would you do as an investor? What do you think would then happen to the sp in the time between the announcement and the cut off date?
- if they announce 50p/ share it changes things, but I think it comes down to how many free shares you want.
If there was another capital return - surely the sp will drop by that amount as it did last time, making it worthless?
Thanks for that. It was an earlier consolidation that was 1 for 15. I think perhaps just after the dividend was paid.
RNS Number : 9446E
Quindell PLC
09 November 2015
HIGHLIGHTS
· The proposed Return of Capital to shareholders in December 2015 will be of approximately £414 million in aggregate.
· The effect of the proposed Reduction of Capital and Return of Capital will be that for every fully paid ordinary share of 15 pence each held at the Record Date (as defined in the Circular), a shareholder will receive 90 pence in cash.
· Trading in Ordinary Shares ex-entitlement to Capital Return is expected to be on 18 December 2015 with the expected dispatch of cheques to Shareholders or crediting of Shareholders' CREST accounts (as appropriate) in respect of Return of Capital entitlements, on or around 31 December 2015.
· Conditional on the approval of the Reduction of Capital and the Return of Capital at the General Meeting and by the Court, the Consolidation would consolidate the Company's ordinary shares so that every 10 ordinary shares with a nominal value of 1 penny (after the Reduction in Capital) would become 1 ordinary share of 10 pence (such shares having the same rights and being subject to the same restrictions (save as to nominal value) of the existing ordinary shares).
""..the CONSOLIDATION was 1 New share for 10 Old shares""
As I remember it was 1 for 15.
23awel - If its what I think you are referring to - it was not bonus shares - it was a CASH return and a CONSOLIDATION - this was all in DECEMBER 2015
The CASH return was 90p/share
the CONSOLIDATION was 1 New share for 10 Old shares
So if u had 1000 old shares - you would have got £900 and 100 new shares
Could some one tell me when we got our bonus shares in 2015 what form did you get these shares