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Hi there just came across this (missed the div). Does any see further realisations or do you think it has been trimmed down now and the leaner entity will now move forwards?
I'm in for a few tomorrow
Yesterday each share was worth +�18 Today was XDividend so �9.14 will be sent to all holders for each share who still held shares this morning on open. +�9 is the shares worth after the Dividend. The NAV is over �11. Very strong past record but a new investment policy from now on. Best luck all..
I don't get what's going on here sp dropped in half Will it recover
Some monster trades showing up now and looks like buys.
You must be kidding read the last 100 posts .. Best luck..
What's going on here is this company finished
These investment shares mostly trade below NAV. A tip ? (SIGB ) Sherborne investors hold near 30% of ELTA so they will pick up a tidy dividend sum and it will most likely be notified as a special dividend once accounted. The price of SIGB has not moved Much since its last special Dividend in June so a buy at its current price will reap rewards IMHO. Best luck all..
50% drop looks overdone. Bought £5k @ 975. Total punt
Insane that this is trading beneath reported NAV of 1114p post the ex-doc of the 914p . . . Totally mad - basically market is saying that management team will DESTROY value . . . Nuts. Red
You will be fine Kenw you were dividend qualified if you held at open. The price is always dropped on X date by the dividend amount it looks worse with a special large dividend �9.14 per share will be winged to you on the 1/12.. Best Luck.
As long as you held at close yesterday you'll receive the dividend. Suggest googling ex dividend dates and having a read up. Investopedia as good a place to start as any. Alternatively contact the company / investor relations if still confused...
New to stocks and shares. Sold Electra this morning, saw the dividend date as Nov 3. Should I be worried about being paid the dividend
You don't go on the register the minute you buy shares, it takes a day or two to get on to the register. If you bought today, you wouldn't get on the register in time.
i would say in court you would have them over a barrel
Thanks GG79, that makes sense
The RNS says "� In line with this capital allocation strategy, the Board is today declaring a further special dividend of �350 million, or 914p per share. This is to be paid on 1 December 2017 to shareholders on the register of members at the close of business on 3 November 2017.*" That's tomorrow. I don't understand why its trading as if its ex div now. I've contacted ELTA investor relations to clarify. BTW the * footnote just says it won't be in the divi reinvestment plan
Record date is tomorrow so last day an investor could buy to receive the div and be on the register on 03/11 was yesterday.
Still trying to get my head round Special Divi`s !! So is that anyone that holds shares up to the end of today gets the �9.14 Divi or did they have to hold it on from a different day ?
GG79. The RNS says that div is paid to everyone on the register at cop 3 November. Which is tomorrow. I've been scratching my head over this.
Thanks!
See 23rd Oct RNS; has gone ex on special div of 914p.
Why the sudden drop?
ELTA Finished ??? Why do our friends on shareprice.com talking about this one as finished ? ELTA are in phase 2 ,but a comment mentions a wind down and return cash to punters , not again you hear me say , I experienced all this with LXB retail ( shopping Malls UK) BTW LXB way down on value at the mo. Credit to poster Shareprice.com ; A report goes on to say ELTA are not looking a further investing due tomarket conditions but may reverse this decision in the future subject to trending markets. Numis (as reported by Trustnet today) takes the following view: 'after a series of realisations, there are now a relatively small number of investments remaining in the portfolio ? with around half of assets now being cash. ?The board began the second phase of its strategic review in June and anticipates announcing the findings in Q4 2017. In our view, the likely outcome is a managed wind down and return of cash.
Morning d.m I have been watching this one for ages, and should really have got in at a similar time to you. I became aware of this when I invested in JDT around a year ago. Had some fantastic dividends there and sold at a profit, and it was INFINITYT that made me aware of this one. I think he either mentioned it in a post, or I looked at one of his comments on here via this web site. Cheers INF.