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Didn't the share go ex-dividend on Thursday which was why the large drop occurred. Yesterday it went Ex a 17p dividend but only fell 10p meaning it was actually up not down. Earlier in this thread there appears to have been confusion between the ex date and the record date. My understanding was that you needed to buy by Wednesday for the transfer to be completed in time for you to be on the Share register as at the end of Friday. If you buy after the ex-date but before the record date you don't get the dividend.
How Bloomberg will report the drop.
last Day to get onboard for a 17p Dividend ? This should take off , the PE > £1.50 a share and we are sitting at 48p ! Aim Aim Aim !
True Dividend is 16.67p per share based on current Exchange Rate Shareholders with enquiries about shareholding, share transactions/transfers, changes of address, loss of share certificates or dividend payments should contact Computershare Investor Services (Jersey) Limited whose contact particulars are as follows: Postal Address: Queensway House, Hilgrove Street, St. Helier, Jersey JE1 1ES, CHANNEL ISLANDS Telephone: +44 370 707 4040 Facsimile: +44 370 873 5851
is 33.53 after divi
Yes, not a bad idea. Beyond the short termism of the market possibly freaking out over a divi (ffs) this is a growth share and ought to be a good slow burner as well as a buffer against oil/mining volatility. I'm still sifting through the research documents and will make a move tomorrow if I do. GL.
Lots of cash in Bank Income Generating Assets Further Developments Owned primarily by BOD - there will be Dividends over the course of the next few yeas as developments are completed and sold Keep / Hold / Relax
Don't know about you lot, but once the SP has settled, I intend to build my holding until I have at least 100K. The more that is taken out of free float, the harder it will be for the markets to screw around. Plus there is the benefit of handsome divi payments in the future, and as most will be in ISA's there's no tax to pay...
Well we don't know for sure the reaction. They might tank it or let it go. I just find it increasingly unsettling that any slight good thing is turned into a massive negative by this market. there seem to be endless loopholes and traps. Whatever happens short term over time value should hopefully out. Even if not straight away.
EPS EPS 2011 0.56p 2012 11.88p 2013 4.16p 2014 6.56p 2015 13.18p
"Fear of Chinese corruption ???" Assumed corruption. There's as much corruption going on here from the duck moat brigade and City sorts, lol!
when i bought no brainer with 1b in bank, just did not imagine being mugged being polite, would think major share holders going to be miffed.Another waiting game.
This is why the True freefloat is so low http://www.asiangrowth.com/html/eng/number_of_securities.html
Charm Action Holdings Limited ("CAH") 668,653,817 75.44% shares SEA (AGP) Offshore Limited ("SEAAO") 175,094,641 19.75% S E A Holdings Limited ("SEA") 861,278,857* 97.17% * Of the 861,278,857 shares held by SEA, 668,653,817 shares and 175,094,641 shares are directly held by CAH and SEAAO respectively and are therefore duplicated. *
This dividend payment will only cost the Company £151 million leaving £850m odd still in the bank. Now what would be the value of a Company that had an IPO saying they had £859 million in the bank and producing assets in excess of £1 billion and there only 888 million shares available. Bet it would be a damn sight more than they value it today...
Free Float The guidance emphasises that sufficient free float is fundamental to the orderly trading and liquidity of an AIM company’s shares once admitted to AIM, and that this is inextricably linked to a company’s appropriateness to be admitted to AIM. There is no requirement under the AIM Rules for Companies for a minimum amount of an AIM Company’s listed shares to be in public hands (broadly, held by persons other than group directors and 10% or greater shareholders and their associates and some others involved with the company, and share not subject to a lock-in or treasury shares). This is in contrast to Main Market listings, where at least 25% of the listed shares have to be in public hands (a similar definition is used, except that 5% or greater shareholders are excluded) in the EEA.
At 02:23pm on Wednesday 25th of May roughly 56,539 shares in Asian Growth Prop (LON:AGP) during the morning had been sold by investors whilst 44,766 were purchased making 44.19 percent of the shares being traded on the buy side of the market. The largest trades of the morning include: An uncrossing sell order at 09:00:19 of 28,000 shares at a trade price of 59.50 valued at 16.66k. A buy order at 08:24:59 of 10,000 shares at a trade price of 59.00 valued at 5,900. A sell order at 13:57:05 of 9,916 shares at a trade price of 55.00 valued at 5,454. A buy order at 08:26:05 of 7,500 shares at a trade price of 60.00 valued at 4,500. A sell order at 08:33:08 of 7,500 shares at a trade price of 62.00 valued at 4,650. Please note: to determine whether an order is a buy or sell order we use the bid/ask spread at the time of execution. We cannot guarantee this information is correct, it is for information purposes only. Todays Asian Growth Prop (LON:AGP) Chart AGP The businesses shares are currently up by 3.19% in morning trade. The number of Asian Growth Prop shares in issue is 886,347,000 which have a current share price of 62 bringing Asian Growth Prop market capitalisation to 516.74M. The 52 week high of shares in Asian Growth Prop is 67.00 while the 52 week low for the company’s shares is 12.15. The businesses 50 day moving average is 47.67 and its 200 day moving average is 28.25. Asian Growth Properties Limited is a Hong Kong-based property development and investment company. The Company’s principal activity is engaged in property development and investment in Hong Kong and Mainland China, as well as hotel operation in Hong Kong. The Company operates in two principal geographical areas: Hong Kong and the People’s Republic of China (PRC). The Company and its subsidiaries are engaged in the investment and development of commercial office, retail and residential properties in Hong Kong and mainland China, as well as a hotel owner and operator. Its property portfolio comprises Investment Properties, Hotel Building, Properties Held for Sale and Development Properties/Properties under Development.
because i have had a punt Just do it with eyes wide open
Why list on AIM ? And keep 97% of shares? Though AIM rules a higher % of freeloat was necessary What if they delisted
Fear of Chinese corruption ??? The sale was to a indirect subsiduary of the company SEA shares moving around Now having to pay rent of £104,000 per month for offices we once owned
Why this 'fear' though? What are they scared of? It always seems to be one step forward and four backwards on this market. I still haven't bought in here but am chewing it over.
7.45AM dropped 10% =40m Mcap drop then dropped 7% on a £500 sale. It would seem Mms can drop a share price on nothing and with 1 billion in the bank, nothing is making sense?????, anybody.
As there are 880m shares in circulation, this will give a market cap of £8.88m per 1p. It will therefore be interesting to see what value the market places on a +£2 billion Company which continues to grow at a very positive rate. At 45.5p at the moment, it seems they think that its worth £404 million, and that's before they use the excuse of the dividend to drop it further. If they drop it by the 17p (divi) this makes it valued at a poultry £248 million (28.5p) which is where I suspect the owners will start jumping up and down and may even move to another exchange as there is no way on earth you can justify buying and selling shares at on tenth of its real value taken into account that the amount of capital it actually has in the bank. Earnings per share have risen from 6.6p in 2014 and practically doubled in 2015 to 13.1p and represents a staggering 45.9649% should the price indeed drop to 28.5p per share., and at this rate the Companies dividend payments in the near future will be worth more than it share value. Now, how stupid is that ???
I think the fear is that this will drop 34% after divi date
Are they annoyed about people making a dividend or something? Or some other more mundane, market forces reason? Either way the drop is ridiculous.