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My holding has changed considerably lower, and at a higher purchase price ? Now showing a loss of £4447 ??? I bought originally 3190 shares at around £3.12...Now showing 1875 shares at a purchase price of £3.94 !!!!!
I thought the idea was that the bought back shares would be cancelled, and so the price per share would go up (because market capitalisation would be the same less the dividend). I'm hoping that this is just an adjustment period and the price will catch up; otherwise the whole thing has been pointless, and the special dividend is just a neutral effect.
The buyback is £1.70 i beleive...also is it normal for the units held to reduce by about 30%...im now holding sig less and at loss ...divi wont even balance it out
The results of the consolidation have hit my account, and has nearly offset the benefit of the "special dividend". Unless there's some other adjustment due, it seems there's little benefit to the investor, unless you decided to sell your shares under the buyback scheme.
Thx. The AVIVA technical team is worrying by telling me it's a ETF ??..lol.
Wait a couple of days for the share consolidation process to be completed. My holding in the HL SIPP is greyed out, pending completion of the above process. My broker expects this should be completed by the end of today.
That's my understanding. I have these in my AVIVA pension share purchases. But when trying to sell they're having trouble as saying it's a ETF ?? I dont trade ETFs ?
No, it's a stock on FTSE 250
Is ASCL a ETF fund ? My broker is telling me ?
339p today broker might of done me a favor effectively not letting me chose the tenner at the lower end 315p it came in.
Consolidated shares on acc today , must be those ones they bought back.
Ascential PLC - London-based events, subscription business and advisory services-focused company - Confirms that the Tender Offer, the results of which were announced on Wednesday, completed on Friday. Under the terms of the Tender Offer, Bank of America Securities purchased 95.2 million shares at the strike price of 315 pence each. On Friday, these shares were subsequently acquired by Ascential from BofA Securities at the same price.
In April, Ascential said the tender offer would return up to GBP300 million to shareholders by acquiring up to 95.2 million shares, around 21% of Ascential's share capital.
This is the dilemma - because if you buy today, you'll qualify for the special dividend; but may lose out on a share price crash after.
But if you already hold the shares, and didn't sell them in the buyback, you've got that risk anyway. So, will the rump of Ascential (which still has £350m of retained shares, and they are cancelling the bought back shares) still have enough value to warrant buying more shares today?
Something fishy here... 128p dividend payment tomorrow! 52 week low was 187.40 and high now is 322.. Basically after ex dividend on monday the share price will be 194p..
194p is still a good price but when company is split.. their valuation will be low I suppose..
Not sure good time to buy or not.. because generally share price falls lot more than 128p on the day!
I was hoping someone could provide the logic on this, as i was considering buying more shares today in the hope that the consolidated shares wouldn't drop much.
They did keep back £350m for the consolidation, so hopefully the rump of Ascential won't drop too much.
What a sausage,
Forgot that it's a 10 for 17 consolidation, so I'm getting 10 shares for every 17 I own will need to work out how many I be left with and what's new opening price Monday morning, 1st consolidation for me,
Are con solidations a good thing looks like a lower, I get the payment will cover the reduction losses, but do consolidation go Down well in 1st week of trading, as less shares at higher price creates demand, best think about this I'm average 180p.ish
Hi all,
Having around 38400 shares in ascl, it will be first time I've recieved this time around,
I understand divis ect, and on divi day reduces by divi amount, plus other added selling on day,
What I don't get partly is the American funds increasing there holding, by in some cases a million shares, I think one as bought 978k shares recently, why knowing that there going to lose say 1.2mn on day.
In essence, these special payments are they treated as a divi payment ie drop £1.26p on day, as all these usa funds buying today and recently, some hold 9mn shares, that's one helluva a loss 15 odd million drop on day yet there buying.
Forgive my ignorance if any more learned fellas or ladies can put me right, thank you.
Company Ascential plc (ASCL)
Stock Exchange London Stock Exchange (United Kingdom)
Amount 128.6p
Dividend Type Special
Ex-Dividend Date Monday May 20 2024
Pay Date Monday June 03 2024
Now 314p
Was a good buy 20th September 2023 at 188p. ( 188 to 314 = 67% )
Tenner 315p to 331p
Broker sent email to late for me to consider .
Just bought in, think there is some upside from here.
They are paying out 850 as dividend to be left with their events division which had ebitda of about 85 in the last 12 months. Maybe apply 15% discount to the 850 dividend (722) and value events business on very conservative 10x ebitda (850) and assume business will be left with £100mln of debt (?).... that would leave the mkt cap at very conservative £1.47bln... and it closed today with mkt cap of £1.18bln.... so on very very conservative basis that gives stock 25% upside.... and actually events business is likely takeover target now, which dould put it on 15x ebitda... maybe that gives it another 30% upside on top of this.
I'm surprised stock didn't close higher. But then mtk doesnt seem to price things for uk midcaps until deals actually complete. Plus this stock has been painful for holders, so maybe some just wanted to get out. Lots of nerves. Hopefully stock will go higher tomorrow once news has been digested more...
I don’t get why this isn’t 100% + if they’re giving out 850ml to SH? Would it be paid as a dividend or what?
Apex today behind an offer for KCT via Kelvin (UK) Bidco Ltd. Could shortly see them make their move here.
I took a small position here a week ago following the impressive half-year results. The SP just looked too inviting for a company with 94% of shares held by institutions and a P/E around 15.
Sky are now reporting Apax Partners are back in for the WGSN slice "with discussions at an advanced stage". Their original enquiry earlier this year was in the region of £700m but now expected to be substantially below. Nevertheless, with an ASCL mkt cap of less than £1b, it could well see a significant sum deposited in the company coffers.
Ascential plc posted interims for the period to 30th June this morning. Group revenues were up 18% to £307.4m, adjusted EBITDA was up 17% to £78.6m, reported operating profit was £0.7m from a loss of £35.1m a year earlier. Closing net debt was down a little to £205.6m giving a leverage ratio of 1.6x EBITDA, gearing ratios remain manageable. Valuation is average for the Professional & Commercial Services sector with forward PE ratio at 12.4x. Share price remains in an 8-month correction and lacks positive momentum accordingly. ASCL remains share to monitor for the time being...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/ASCL/806
Thanks Sipps. Why do close end funds have to sell please?