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Hi Davidspellacy,
I was doing some searches early this morning & there is a type of ISA where you can have loan notes for crowd funding etc. So it might be possible!
But not easy to get any info on the topic sadly.
Good Luck
LOTM
I did email IR yesterday and one of my questions was whether they had considered the fact that a lot of PI’s would be holding shares in a SIPP or ISA and whether they could hold loan notes in those accounts, personally ,without further information , I don’t think we can.
Just in case anyone is now looking at Impellam.
The original offer announcement on 13th December was for £10.844 per share. However that was the last day before the shares went Ex-Dividend for the dividend of £0.559 per share which is payable on 12th Jan 2024.
So anyone buying the shares from now onwards needs to take that into account.
The value of the offer will drop further as & when the 2 other dividends that are part of the offer get paid out(go Ex-Dividend in the future)
So as at 14th December the offer is now worth £10.285 per share.
LOTM
Hi Davidspellacy,
Sorry I don't know the answer to your question, but it's made me realise that I will need to do the same thing given mine are held in an ISA as well.
You'd think that they would have thought about that when structuring the offer knowing a lot of small PI's would hold the shares in ISA/SIP's etc
If I hear anything I'll post the answer but SmartInvestor are never that quick in giving you an answer :(
Good Luck
LOTM
Does anyone here had dealings with loan notes?.
My shares are held in a SIPP and ISA and I suspect that loan notes cant be held in those accounts, I’ve contacted my provider but no response yet.
Success, and all without a load of BB nonsense mongers banging on.
Success, and all without a load of BB nonsense mongers banging on.
Very surprised by the bid/offer spread today & the actual price.
No where near the £10.84 valuation.
People need to be aware that you need to hold the shares by close of business today to get the 1st part of that £10.84 valuation ie qualify for the £0.559 dividend, with the shares EX-Dividend after that & the payment is on 5th Jan so not long before you start to reap the rewards :)
Yes I bought some more today! (& yes I wish I had done it yesterday but heyho I've score with all the ones I bought last week.
GLA
LOTM
KAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMM
so much for £3 a share IgnoranceParadox,
GLA
LOTM
Wow only a 1 day extension to the bid deadline this time round !
That's saying to me that the current talks have an offer price that includes the dividend in that price, ie shareholders will receive the already declared dividend & £x per share.
Going to be an interesting 2 days for sure
GLA
LOTM
Re £3 takeover bid. Nothing to say but 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Hi IgnoranceParadox,
There would be no point in them putting in a bid of around £3 they would be wasting all that money on fees & mailings for nothing.
If an offer is made it will be made to Ashcroft directly 1st of all to see if he's willing to accept it or not, if he's not then the best Headfirst could hope to achieve is a minority position in IPEL & I'm not sure they would want that & if Ashcroft is rejecting it then most shareholders would assume if its not good enough for him then it isn't good enough for me either.
Good Luck
LOTM
What if bid comes in at circa 300p?
A. Headfirst were approached - asked rather than the other way around
B. Earnings suggest SP is somewhat underweight
C. Ashcroft has lapped up those special divs
D. Go watch the promo video by one of the employees.
Actually quite happy to see a buy-back notice go through this morning.
Since I can't see them buying back shares at a price higher than what the offer price will be as that would destroy value for everyone.
Roll on Tuesday.
GLA
LOTM
Hmm what has caught my attention is the fact the buy-back hasn't been in action since that last takeover/merger offer extension announcement, which is very unusual given there has been plenty of volume for the company to buy it back if it wanted to.
So I think its crunch time now, either the offer is happening this time round or its going to be dropped.
The company probably knows the ball-park figure that's being discussed & that might stop them from being able to trade now.
Sadly that doesn't really give me a sense of whether the potential offer figure is above or below the current share price !
Good Luck All
LOTM
💯 strong buy and not much else I can say. My opinion only
Hi IP3LY,
As I said, I've already bought 2 lots of shares for the dividend.
I can see this being pushed even higher ahead of next Thursday even with Schroders selling out as fast as they can.
Just think next Tuesday is going to be really interesting to see what happens (or doesn't)
GLA
LOTM
@LOTM: Despite dividend being 55p - this will drip to sub 590-600 on XD - so you will have your chance to buy at £6 (downside is you will not pick up the Dividend)
Good luck with whatever you decide to do.
Been watching this quietly in the background.
Was hoping to be buying this around the £6 mark close to the Ex-dividend date, but that clearly isn't going to happen.
So I've bought a couple of parcels of it over the past few days ahead of it going ex-dividend on 14th December for the hefty amount of £0.559.
Of particular interest to me was the shortness of the last "PUSU" extension granted on 5th December, these have often been for a month or at least a couple of weeks. This one was for just 1 week (like the last one in actual fact as well) but I can't help thinking its been done deliberately ahead of the Ex-D date.
So they can announce the offer & have the dividend included in the amount that shareholders are to receive ! (seen this happen quite often on other shares previously)
Will only find out if I'm right or not next Tuesday the 12th December.
GLA
LOTM
Thank you LOTM-13.
I understood that Lord Ashcroft, holder of 62% of shares, announced last year that he intended to explore options to sell his holding. I haven't found any updates on this but, given the size of this holding, it seems possible that the sale could result in an acquisition or merger.
DramChart,
I have no idea about any bid situation with IPEL.
I wonder if your getting confused with the current share-buy back program that is causing all these complex daily announcements ?
The company has set a monthly buy-back limit of £0.5M that there broker is currently carrying out.
I myself are not familiar with all the various discloser rules on AIM stocks, but it looks like the broker has to disclose both the number of shares it bought each day its trading as well as the number it has then subsequently sold back to IPEL for them to cancel.
To be honest I only bought it to get the big dividend & then sold it for a small overall profit.
However having said that, I am watching it now, I think this has great potential, its just a case of working out what price it becomes a buy & hold, given the small number of shares in issue, the return of normal dividends & the tiny share buy-back program which I'm guessing is limited by the lack of available stock. Plus the market turmoil at the moment.
They might be better, doing 2 things, a share split & a return of capital all at the same time. Which would make it easier to carry out further share buy-backs in the future.
So they could do for example a £22.5M return of capital £0.50 per existing share along with a share consolidation of 11 new shares for every 12 currently held. That would take the number of shares in issue to around 41M & then do a 2 or 3 for 1 share split immediately afterwards which would increase it to 123M or 164M in issue.
Having more shares in issue should make it more tradeable, tighten the bid/offer spread and make it easier to carry out future buy-backs when appropriate.
LOTM
LOTM
Do you have any update on the bid situation?
Special Dividend of 77.8 pence per share going ex-date tomorrow so last day to buy in to qualify for the dividend and its paid as soon as 6th April. The start of the new tax year.
The dividend is going to cost them £35M (less the small number of shares they've so far bought back since that announcement, that they won't have to pay it on).
They are also going to start paying a dividend of £25M next year. Obviously the amount per share that work's out at will depend on how many more share's there able to buy-back before then, but the amount will be north of 55p per share.
LOTM
That one fizzled out, maybe now nearly one year later and 20% cheaper we'll get a proper breakout, its very tightly held
Buying back shares is fine - it increases eps but does it also give Directors bonuses based on any increase in sp values?