focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Unless you are the registered name holder on the share cert, I don't know how. Palmas seemed to have more luck in that regard.... Sorry I cant be of more help to you...
del I contacted nat west stockbrokers the answer I got was that they only do drips on the top 350 ftse shares. do you know any other way I can do drips.
If you read my link in post @10:35, you may get a decent understanding as to just what we have a good working relationship and stake in, in CGH... We are more exposed to the growing gas market now, then before we sold our gas assets to CGH. It is my considered view that CGH is misunderstood in Hong Kong regarding profits exposure in China and the true growth in the sector ahead.. What chance FTO to be understood? VSA alluded to this in there recent circular. Perhaps they will now begin to entertain some London institutions regarding there position in this exciting play over in far a way China... We are shortly to receive $200 million into FTO accounts and with a stake worth over £220 million in a fast growing company.....But keeping doing your own research...:)
Im with Danske Bank and they hold the shares for me. I instructed them to select DRIPs when available for all shares. Last year I received the FTO dividend in shares.
This will be trading around 20p mark with 12 months Huge profits and huge growth. Im ploughing as much as I can in here for a 2-5 year play.
With continuing expansion and growth both at home and overseas China Gas Holdings Ltd could be one of the biggest stories on the Hong Kong Stock Exchange over the next 12 to 24. Clearly from the report here... http://www.pressbox.co.uk/detailed/Financial/The_Avanti_Group_China_Gas_Holdings_Limited_growing_at_an_exceptional_rate_1275107.html ...they may very well have.. I was not even aware that CGH had expanded into South Korea and India...... And we are in for around HK$4 at the moment!!!!!
CGHL based in Hong Kong is growing at an exceptional rate year on year. Their main area of business is in the construction and operation of city gas pipelines. At present CGHL owns the exclusive city gas concessions for 184 cities and regions, with over 33,000 kilometers of gas pipeline serving over 7 million households. With a strong hold all over China and with its expansion into India and South Korea they are perfectly poised for further growth......Read full article here.... http://www.pressbox.co.uk/detailed/Financial/The_Avanti_Group_China_Gas_Holdings_Limited_growing_at_an_exceptional_rate_1275107.html
China Gas Holdings Limited informed the Company that the MOFCOM regulatory approval had been obtained. It is anticipated that completion of the FGIH Transaction will occur after all of the normal handover procedures have been completed.
Del thank you for your help. Will phone nat west stockbrokers this morning.
I would inform your broker indeed and clarify your position regarding drips... However you may not qualify as I am thinking you are not a named shareholder if it is paperless??? To qualify you need to be the named shareholder......but check with your broker on this matter...
thank you del I have found the page. I am a private investor. I do my dealing with NatWest stockbrokers on line. they hold my paperless shares. do I inform them to do the drips for me they do with all my other shares I do not have to notify them as I have ticked the box to do this with all my shares. fto does not come up in the reinvestment box to tick.
Go to company website..click on reports...then click on reports and accounts On page 121 of the 2012 annual results you will find information on DRIPS.... Dividend Reinvestment Plan (DRIP) The Company offers a dividend reinvestment plan to registered shareholders as a cost-efficient way of increasing their shareholding by using cash dividends under a standing election to buy additional shares in the Company. The DRIP is administered by Capita IRG Trustees Ltd (“CIRGT”). CIRGT will instruct the broker to buy shares on the dividend payment date at the then current market price. Any cash left over which is insufficient to purchase a whole share will be carried forward and held, without interest, in a client money bank account. The DRIP commission charged to the shareholder is 1% of the purchase price of the shares, with a minimum charge of £2.50. This is exclusive of stamp duty reserve tax at 0.5% of the deal value. Should shareholders wish to participate in the DRIP, please contact the Registrar on 0871 664 0381 (calls cost 10p per minute plus network extras. Lines are open from 9am-5.30pm, Monday-Friday) or; if calling from overseas, + 44 20 8639 3402; alternatively you can email shares@capitaregistrars.com Hope that helps...
could you please let me know how to do this as I got money and it was sent to my account. I looked at fto web site to see if this is possible and it seemed you could not. also my dealing account automatically does drips if I vote to do this and for fto it does not show that they do drips.
They do!! I got last years dividend in shares...
I am not sure that fto do drip.
I think once you opt for DRIP it will not change unless you consent.. So unless you have made an alteration to your account it should be paid in DRIP... But it is a good question and worth getting financial advice on as I can not be 100% certain on this issue.. Good Luck and let me know if you hear anything for definite... Thanks..
Does anyone know if the Special Dividend will be issued in extra shares for someone who has signed up to the DRIP scheme?
There is without question a power struggle is beginning in earnest in the boardroom of CGH. The recent maneuvering by BEG to off load its stake to its subsidiary BEH is clear evidence the posturing is over. As a very good poster on another board (isfe0001) says...it ensures that the extra shares that would have gone to Wilmar..now go to FTO, which is in alliance with Minghiu through CGG. It will also push us closer to the associate status we are looking to get.. FTO have reversed our gas assets into CGH and it would look like BEH would like to do the same. But Minghiu may loose control of the company he part founded, just when the main profit drive is about to bare fruit.. Regarding the dividend....would not get to bothered about it as it may be a long way away....Nobody will buy into FTO until clarity is established in respect of MOFCOM decision. Then the clock starts...:) 7.81p reflects fair value in the market. Yes as a shareholder I think it is worth nearer 22p, but it is neither a discount nor a premium..
Thank you Del , kind of hope the answer would come from yourself , I have just checked and see you are correct , I feel clumsy as missed that point , we now have another significant revenue stream , although I do believe that at 7.81 pence per share , as the valuation , that we might be giving to much away , however I suppose this will be offset if CGH share price rises as I believe in will in the short term . I will sleep easier tonight .
What are we getting for the half billion shares? We are buying the remaining 15% of gas asset that we did not own... So on completion of the deal we will get the total consideration and that will include any shares in CGH we wish to opt...
The more I think about this , the more I am unsure . We are going to issue 500,000,000 new shares when we have 2 billion in circulation , no divi will be paid to these shares . ( quite right .) This takes us up to 2.5 billion to calculate the market cap on , so really the 2.36 pence special dividend is really nothing , as on the day this will even out with the new shares in circulation and thus the share price will adjust . Also when the money exits the company , that will bring the share price down , and then when the speculators have their divi , they will leave the game , with further downward prssure on the share price in theshort term .Someone please tell me I am wrong and why , I cannot believe we could do such a deal , and will be out of pocket . I am begining to think that FTO is just a personal vechile for getting influrence in China Gas Holdings , and that this is down to one mans personal ambition .
From the rns... The Special Dividend Subject to completion of the Fortune Gas Sale Agreement (as assigned and novated in the manner described above) and the Proposed Acquisition, the issuance of the new Ordinary Shares in connection with the Proposed Acquisition and the Loan Settlement and the passing of the Rule 9 Waiver resolution, the directors of the Company will recommend that the Company pay a special interim dividend of 2.36 pence per Ordinary Share to be paid to all shareholders of the Company (the "Special Dividend"). The Ordinary Shares to be issued in connection with the Proposed Acquisition and the Loan Settlement will not be entitled to the Special Dividend. The Company intends, subject to approval by the Panel, to send a circular to shareholders (the "Circular") providing information about the Proposed Acquisition, the Loan Settlement, the Special Dividend and members of the Concert Party and convening a general meeting of the Company at which the Rule 9 Waiver resolution and the payment of the Special Dividend will be put to a vote of the shareholders of the Company. The date of the general meeting of the Company has not yet been set but it will be held as soon as practicable. There are a number of hurdles to be crossed so difficult to say when.... Expect more information with the interim's due end of this month....it depends on all of the above been met.. But think the interim's should cast new light by then...
Like just now ...someone just sold half million for 8.50p.....but most likely they just bought half million for 8.50p as they could not get them on the offer side..They just upped the bid to 8.50p for half million and hey presto...job done..... But it comes through here as a sale.....:)
All I ever really pay any attention to is the bid price....How much can I get if I sell and how big the volumes are on the bid all time... Not bothered about the offer side to be honest... Buys and sells are of no real value as many on here and other boards will often testify to buying when it gets marked up in the sell column...
Perhaps silly fund management from l&g turning their noses up at a 30pct special. Has there not been a lot of discussion on this board that sales and buys don't seem to tie up?