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B.A.Y.E. scheme
Hope this will help,
If you only have done 3 years you can sell up but you will have to pay 20% tax and 12% NI so take 33p off the £1:05 so you will get 72p per share,
Plus you will lose the free matching shares.
You have to wait 5 years so for you to pay nothing at all on the shares 8 long years.
3 years in to employeee BAYE.Should i do nothing or offer my shares for tender. Not clear from computershare message what the options mean in ‘lay man’ terms. Can anyone put in ‘plain english’. Thanks
I can see it going into mid 80's in a few months. I'll be taking the tender and won't be investing anymore in this company. There's plenty of company's out there that can give 7% dividend returns
If I do the maths, all other things being equal the price should fall to around 97p. If the share price remains below 105p I can't see why anybody would not offer up all of their shares at 105p, which I am sure will be subject to scale back. If you want to you can always buy back at the lower price.
What are people's thoughts on what the share price will be after the tender offer? Personally I can see alot of people taking the tender offer and thus making the share price lower than the tender offer.i personally think it will go under£1 . What's everyone else's thoughts on the price after tender?
answer to my own question found here
https://www.hl.co.uk/shares/corporate-actions/corporate_action_frequently_asked_questions
"Does Hargreaves Lansdown charge for administering corporate actions?
No, it is free to participate in corporate actions through Hargreaves Lansdown"
I only have a holding of 1035, averaged at £1.43. The £11.95 dealing fee is only worth about 1.15p/share for me. Think I'll be taking part in the offer. With so much uncertainty, other than 'we will have a share buy back and possibly issue a dividend', there's not much to go off
Good point " no dealing fees" to the best of my knowledge. That could be the deciding factor with a lot of holders with a small amount of shares.
With the price 101.1 is it time to get off the bus ( sell )or time to move down the bus (buy more) with the chance of a special dividend still lurking .
Sorry did not mean to confuse anyone The date I quoted 22 11 21 is the last date for letting ( Halifax share dealing ) know if you want to take up the offer.
I still have not had any information from Freeshare about the tender offer.
could be unique to HL but presumably, if taking up the Tender offer, there's no dealing fee to be paid?
Might make it more palatable for a small holding like mine
Greed that is my problem Market value 102.9 tender 105 if you could cash in now and make 2.1 per share on the amount of shares I end up being able to tender. Wait to see how the S.P. goes after 18 11 21 G.M. and the value of any special dividend.
We seem to know Coast's position ( good riddens) Would love to know how all the small share holders will go seem to think they will hold , ( do0 nowt) that means not do anything but we do not know . It could be a damp quid and nobody tender or it could be over applied for and the minimum 38.9 % entitlement used.
The S.P. on the open market could be more than the tender price on 18 11 21 or on 22 11 21 blowing the 2.1 away (waiting game).
RoyGa Thank's for the advice, I have received information from Halifax share dealing today. Nothing as yet from Freeshare
I will look on the app for information.
The main points,
needs approval on 18,11,
have until 22nd November 23 59 to let them know your decision.
do you think the current offer is decent with the open market price today closing @ £1.0250 per share. That means only a 2.5p difference. The question which remains is. What will the price be on the open market after the special dividend and the closure of the tender offer.
To be agreed 18/11 and then you have untill 29/11 to make your mind up
I held for a long while and was optimistic that we would receive a special dividend payout but its not been clear that if/when it may be paid out. I sold up yesterday. Good luck to those who are holding.
I'll be keeping an eye
Daimlerfleeting- ( have not received any information regarding the tender offer or would even know how to take up the offer, there must be many others in the same)
Please check with your broker. They will have corporate action online or you can call them and instruct.
I'm with you on this. Having seen the electric buses being rolled out for the Circus and investment/cash incentives that the government provided to help fund charging points I think we will see this repeated to achieve transport goals. Not everyone will be able to afford EV cars and so will rely on other methods of transport.
Irontaz same here but not out of choice
I think the big picture is removing all these shares this will make this stock worth more, and the more removed ( people that take full advantage of the tender) the more the SP will rise.
So even if there is no longer any value in the offer the removal of the shares is still a good thing.
I have given up all my share certificates and have my shares held and have just discovered that although I do receive dividends and the right to vote at AGM's ect .I have not received any information regarding the tender offer or would even know how to take up the offer, there must be many others in the same position. A lesson to be learned always read the small print.
I've refused the tender offer. Ride this one out.
Doubt the price will go much over 105p otherwise Coast and others would go for a quick sale leaving the tender with a problem. If many millions dashed for a quick sale at over 105p would this cause a huge drop in the present share price.
Many holder's were convinced they were duty bound to receive a 41p straight cash divi, keep all their present shareholding and live in hope the share price would increase in time. Only time will tell.
Lots of confused folk out there.
Any thoughts about what happens with this ugly affair if market price moves over 105 prior to completion. Even now we’re only 3p away (£14m return NOT £500m)
The way I looked to me was there is no 40p dividend you can opt to sell your shares for £105p and that’s what cost group will do at the end of this month and the 500 million pound will be used to pay for this and the shares will be removed from the market.
I looks to me like another first bus con 40p divi don’t make me laugh.
So, being new to this, you appear to be suggesting that the £500m (c 40p per share) will be returned to shareholders sometime soon. Which in turn suggests that Coast think share price could drop by at least that amount sometime soon?
Imv Coast are withdrawing as they are likely to make a small return on their investment having failed to persuade FGP to go down their favoured asset stripping route, that they promoted heavily and are not prepared to wait for further potential returns down the line, as they probably have identified other targets. Glad to see the back of them! Personally l am going to take the offer for about a third of my holding as I have reservations regarding what the future SP will be! The planned dividend targets seem a stretch, in particular the UK bus profitability for me.
Coast don't have any faith in the UK management and may feel their money is safer in their hands.
The big question is do other shareholder's trust the UK board to progress once the tendering is completed.
If Cop26 provides clarity and the message gets through surely public transport should benefit going forward.
Will we see merger's or takeover's followed by staff reductions remains to be seen.