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Up 21.50, yet only 12 trades (according to LSE) that is. Putting a smile on my face nearing the end of the day.- been waiting a long time.
Yes I am certain that Ashcroft will sell the company, as that is his typical plan. BTW, the NAV of the company is £133.5m as compared to a market cap of £186m. Not particularly auspicious, but I work on a rule of thumb of the company ultimately being worth twice the NAV (as with OneSource in 2007) which would point to a sell-off share price of about £6.
It must surely be just a matter of time before the company is sold, hopefully for a much higher price than today's.
Another point is that the higher the share price goes, the smaller % amount the dividend is worthi, i.e. if the share price is 400p, the % is less than if the share price is 350p.
You need to be sure what the ex-dividend date and record dates are - they will usually be two days apart. I'm not sure the announcement last week is entirely clear but in all honest I haven't had a chance to go through it all so the detail might be there. However, in theory, yes you can buy just before the share goes XD and then sell immediately after and get the dividend, but all other things being equal the share should drop by the amount of the dividend. It doesn't always happen excatly like that with thinly traded shares like this, and don't ignore the bid/offer spread which can be very wide at times.
Will there not be a load of people who adopt the 'buy on the 1st, sell on the third' - in which case the run on the share price on the 3rd might negate any bonus. I am thinking of either staying longer - or selling on the 1st when everyone piles in. Also - this is marketing, surely? Getting the share noticed and talked about to attract big investors - for what I don't know, but there must be a reason, other wise they could have just been more generous with the dividend for the next few years rather than give out a lump sum now?
Unlike some other Ashcroft shares (BCB and WIHL) which are very undervalued, the share price is about the same as the NAV. I think IPEL could ultimately be worth about twice the present share price. As you know, my money for multiple gains is on BCB...vtw, is it the case that we could buy IPEL shares on 1st April (the day before the recording date) get the special dividend on 10 April and then sell our shares on 3rd April, or have I misunderstood?
Considering this share was sub 28p a while back, just how far can this go in your opinion ?
ipel go !!!
Sorry I should really have said the prospect of a special dividend, not promise - nothing is definite until it is announced! In the trading statement they gave a figure of 'not less than £15million' and £15m equates to roughly 34p per share. I assume there would be a normal final dividend as well.
Wonder if anyone bothered reading my analysis about BCB Holdings over at that share?
Do you know how huge the special dividend is due to be?
It takes so little to move this share so difficult to say for sure - might just be the coincidence of a handful of small buys on the same morning! However, results must be pretty imminent (16 Feb last year) and there's the promise of a huge special dividend, so maybe it's anticipation of that.
Up 22.50 on their website at 11.19 - anyone know why the big jump?
Wonder if it's got anything to do with Lord Ashcroft's interest in military heroes and decorations.
Nope - I left in the summer, would not be surprised if bits were sold off - they seemed to be making certain parts automonous and unreliant on shared services.
Is there anything to suggest that Cheryl Jones is doing anything but "stepping down". She is also Chairman of BCB Holdings, so perhaps she'll concentrate her energies there. Wilson, meanwhle, is involved with many Ashcroft companies. Do you know what the next move for IPEL is, Buyat20?
Cheryl Jones 'steps down' as a director - new chairman is Andrew Wilson, check the RNS. Not sure why it's not listed here? Probably explains the price tumble.
Thanks Spot that is what I thought would happen, maybe I will buy 2 just to p***s them off. As it stands I will lose out as my holding still hasn't reached what I paid for them back in the days of Corporate Services.
Unless i've misunderstood anything, you will be left with 100 shares and the remaining 98 will be sold in the market and you will receive a payment for the full amount - no charges deducted. For those with larger holdings it is probably neither here nor there, but for you, your holding will effectively be halved, albeit with full compensation. The only thing you can do if you wish to maintain your existing holding is buy back in the market, which will obviously involve charges, but maybe you will be able to take advantage of a dip and effectively get your original position back without any loss - maybe even inprove it slightly. On the other hand, you might be happy to get half your investment out in this way. They are obviously trying to get rid of a large number of very small holdings, but your case is just about the most extreme example possible of why the statement '(from the final results) The shareholdings of those shareholders holding 100 or more ordinary shares will not be materially affected' is not necessarily accurate.
http://investors.impellam.com/pdf/Notice_and_Details_General_Meeting.pdf Has anyone received the document? as I haven't, only come across it by chance when looking on their website
Does anyone have any comments on this, I only have 198 shares, what will I be left with? http://investors.impellam.com/pdf/Notice_and_Details_General_Meeting.pdf ........... 2. Capital Reorganisation For the reasons set out above, the Board has decided that a share consolidation and subdivision should be proposed such that, following the share consolidation, fractional entitlements of shareholders which will arise will be purchased by Cenkos at the prevailing market price with the proceeds being remitted to shareholders. The Company will then subsequently acquire the aggregate of all these fractional entitlements from Cenkos and cancel them. Consolidation The Board proposes to consolidate every 100 ordinary shares of 1 pence each in the capital of the Company (each an “Ordinary Share”) into one consolidated A ordinary share of £1.00 (an “A Ordinary Share”) (the “Consolidation”). Following the Consolidation, in accordance with article 6.2 of the Company’s articles of association, shareholders will not be entitled to any resulting fractions of an A Ordinary Share, which will be purchased by Cenkos, with the proceeds being remitted to the relevant shareholders. The Company will then subsequently acquire the aggregate of all these fractional entitlements from Cenkos and cancel them (the “Share Purchase”). Subdivision Following the Consolidation, it is proposed that every A Ordinary Share will be subdivided into 100 ordinary shares of 1 pence each in the capital of the Company (the “New Ordinary Shares”) (the “Subdivision”), each having the same rights as are enjoyed by the ordinary shares of 1 pence each currently in issue. Effect of the Capital Reorganisation (being the Consolidation and Subdivision) The effect of the Capital Reorganisation is that shareholders holding fewer than 100 Ordinary Shares at 5.30 p.m. on Monday 3rd September 2012 (the “Consolidation Record Date”) will receive a cash payment for each Ordinary Share which they hold, calculated by reference to the closing middle market price on the AIM Market (“AIM”) of the London Stock Exchange on this date. ........... Check out the rest. Confused