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A further point: of his investments, the UK-based IPEL must be one of Ashcroft's safest and a long-term hold by his family.
Hi, I've sold most of my IPEL, partly because I need the money. Regarding our recent discussions at BCB, it occurs to me that IPEL must be the 10% of Ashcroft's wealth that he is planning to leave to his descendants. The Lombard Trust has 58% of the shares and is on behalf of Ashcroft's children and "remoter issue". At the current share price, this would value the Lombard Trust at around £100m, which could be interpreted as 10% of Ashcroft's wealth if he is worth £1bn. Interestingly, when Ashcroft transferred his shares to the trust in 2010, the shares were only worth £17m, which may indicate that Ashcroft foresaw that the IPEL share price would multiply. In addition, given that the other 90% of his wealth is destined for charity, this adds fuel to my theory that BCB, WIHL and his other investments are destined to be sold off.
Nice to see this one on the up - but I have a limit order at 400p so may be saying goodbye to Impellam soon. Sorry to be going, but have had my fun.
To where it should be - I was very diappointed to see it sub £4. There is some re-organisation going on - CIO has gone.
Nice to see this moving north again. Up 20 (5.06%) as we speak - question is will it stay there?
See today's news about Cheryl Jones exercising her options and not retaining a significant holding in IPEL any more. Does this mean that Ms Jones think the shares have run their course and have reached a sellable price? Or is there more to come?
Our dividend payment is due tomorrow (10 April). 35p per share. At the present share price, a yield of around 9%.
BCB must be the next big'un. But I think it'll be all in one go, rather than the gradual rise that IPEL has shown.
Thanks Horace - get it. I am staying for the journey anyway, only have a small interest in this - made my money at the surge before last. Come on BCB!!
That the record date was earlier than thought because of the long weekend. Something like that ! At any rate, the dividend value has been factored into the share price as expected.
What was the jist of the ADVFN comments, Horace? I do not want to get on their mailing list again...
There were some comments about this at the ADVFN forum.
Yes! I thought it would be pushing £5 in the run up to the special div. I suppose people took the profit when they could - not sure why it was such a massive drop yesterday though?
What's happened here? I thought the date was around 2nd April for being on the register for special div, and according to figures above there were sales of 1676 V buys of 11336
The Dods shares were undervalued last time I looked. A holding of 14 million isn't all that much still. Presumably Sasqua see it as a good investment.
Nice move forward - 460.00, how much will it slip back? at one point it went to 465 today
Horace, what do you make of sasqua increasing their holdings in dods from 4 to 14 million ?
I told a friend to buy in January 2009 when the price was 26p. He sold out at 200p and now look where the price is. Well, as long as we make *some* money, and it's more than we get in the bank, then we should be happy. Incidentally, I sold a few IPEL today to top up on BCB as one must know when to take profits - things can't carry on going up forever.
Some lucky blighters might have got in at 32p and 70p, and just be wishing they had piled in a bit deeper, but to mention that now would just be not on...
I know what you mean, not sure if I was in Carlisle it's been so long probably about 10 years. Still they do say patience is a virtue, and boy, have we needed patience.
Some of us have been waiting since the olden days of Carlisle Holdings which became Carlisle Group and Corporate Services Group, so we are finally recouping our losses.