Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi infinityt, I've invested a few grands in my isa for dividends purpose only. I was reading on some website that incase of special dividend over 25% of the share price ... the settlement for dividends will be one day after the payment date or something like this. All references were American so not sure if the same rule applies in U.K. Normally I have a very good understanding about how dividends work but this one proving to be a difficult one. Any help will be much appreciated. Thanks
Last day to get in if you want to claim the 53% Dividend as it goes X tomorrow. It will drop the Share price from the get go on Thursday 6/4 by the Dividend amount 2612p but it is such a money making fund I expect some buying has been set up for the opening bell ? Otherwise the price should rise over the next few months.. Best Luck.
Not for the faint hearted. X Div date is 6/4 you have to have bought before this date to qualify for the Dividend. You can sell on the X date 6/4 you will receive the divi. The share price will fall at opening on the x div day by the amount of the Divi. Some buy on this fall but take into account the rise since the declaration. You can make money but use you wisdom and research first you can also loose money obviously. Two other company's have large Dividends due. FTVP 61% 18p X date 30/3. AGP 28% 23p X Date 30/3 Take care and best luck.
Pushing the envelope: The objects of its suspicions are Sherborne, an activist with a 20% stake, and Aviva and Fidelity, investors deemed sympathetic to it. A “concert party” is a group of investors seeking or exerting control over a company. Such clubs are permitted. But they should be disclosed. Ed Bramson, the mercurial Sherborne Boss, has requisitioned a vote that could boost him and a sidekick on to the board of the trust. He believes Electra, which invests in private equity, could be run better. He has a fan base impressed by some of his turnrounds. There is no evidence to show this is a concert party. Electra is not a basket case. But it has enough weaknesses to feel sensitive, particularly with Mr Bramson highlighting them. They include raising a sum of £150 million in 2009 and 2010 that it was slow to invest, a lack of dividends and steep charges from buyout Manager Electra Partners. The criticism of Mr Bramson when he seized the Chairmanship of Foreign & Colonial was that he lacked a plan. This time he has a reasonable one. He would turn Electra into a smaller version of Melrose, a trader in companies paying regular dividends. Investors should give him a thorough hearing, despite Electra’s finger-wagging.
Electra expands holiday empire: Electra, the listed private equity house targeted by activist investors, is to expand its holiday parks empire with a £50 million acquisition.
"With its experience of successful investment through a number of economic cycles, Electra Partners has the flexibility to adapt to changing market conditions and the ability to structure deals creatively so as to work around vendor constraints. The Board believes these factors will ensure that Electra continues to deliver value over the difficult period ahead." Hugh Mumford, Managing Partner of Electra Partners, added: "Although Electra Partners experienced a strong deal flow throughout the year, pricing continued to be a significant factor in the number of new investments completed. Despite this, the aggregate value of new investments was greater than in 2011 and we remain committed to ensuring that all new acquisitions provide attractive returns and appropriately reflect the uncertainties ahead. "With Electra's flexible investment mandate and ability to invest across the capital structure in both debt and equity positions, we expect that the number of new opportunities will rise over the next 18 months and deliver an increase in completed new investments."
"Over the year Electra Partners had a strong flow of new deal opportunities although the rate of conversion to investment was relatively low due to a number of factors including the large gap between buyer and seller price expectations," the company said. It also commented that the above deals are good examples of its "ability to take advantage of distressed opportunities and make investments across the capital structure". Looking ahead, the company said it believes its deal flow will increase in the coming months, driven by a greater number of distressed sales and the need for companies to refinance debt, dispose of non-core assets and simplify their businesses. It also expects further opportunities to arise from the banks as a result of new banking capital requirements. Colette Bowe, Chairman of Electra Private Equity, said: "Electra continued to make good progress over the year to September 30th 2012. Proceeds from portfolio realisations, made at good uplifts to carrying values, were almost double those achieved in the previous year.
Electra, the investment trust that invests in private equity ventures, has reported an 11 per cent year-on-year rise in diluted net asset value (NAV) per share to 2,473p at the end of September. This compares with 2,225p at the same date in 2011, with the increase of 11% comparing to the FTSE All-Share increase of 13%. Over the ten years to September 30th, the diluted NAV per share, inclusive of special dividends, has increased by 232% and Electra achieved an annualised return on equity of 13%. During the 12 months prior to the end of September, the company invested £150m, compared to £136m in the prior year. Of the deals completed in this period, a total of £69m was invested in acquiring term debt in Park Resorts, one of the UK's leading caravan park operators, and £22m was invested in Peverel Group, one of the leading UK property management service groups.
Electra refinances on better terms Date: Monday 17 Oct 2011 LONDON (ShareCast) - Electra Private Equity, the investment trust that invests in private equity ventures, has more firepower at its disposal after completing a refinancing of its existing multi-currency revolving credit facility. The size of the facility has been increased from £185m to £195m. The duration of the loan term has been extended from January 2013 to June 2016. Colette Bowe, Chairman of Electra, said: "We place much value on our relationships with lenders, and the ability to secure a refinancing of our debt facility in such a volatile economic environment and on better terms than previously is a resounding endorsement of Electra's strong balance sheet and the quality and experience of the Electra Partners team." The share price of Electra rose 19.5p to 1413p in early trading on Monday.
http://www.investegate.co.uk/Article.aspx?id=201110170700102547Q
my adviser told me these could hit £20 by dec 2007 have made £12k though before 80% sold 6 months ago so not bad. £20 looking a long way off right now. but this stock is a winner.....eventually!