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recovery there...
As a point of information, I'd look to clarify the actual ex-div date, perhaps direct from the company itself. The date given in the RNS is for shareholders to be "on the register at 1 September 2017"; normally for dividend paying companies the ex-div date is two business days before the actual record date. HL has the ex-div date as 31 August so worthwhile confirming if anyone is looking to buy specifically for the dividend itself.
Maybe the conversation was too normal and there wasn't enough abuse being hurled with accusations of ramping and deramping. Must do better. Hopefully this won't post 39,765 times like me last missive.
I was confused by that too. Seemed like a perfectly normal conversation so couldnt see why someone would report :S.
Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.
Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.
Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.
The price will go down on the 1st. Its by no means a 100% free money situation. But the idea that as long as it doesnt go down below 8p less than you buy at, you are in profit. As with all of AIM it is a risk, so dont believe those who say "You will make 50%!" but is certainly worth considering depending on your view.
So if you buy on the 30th Aug, youl get your dividends of 8p?! Thats sounds too good to be true!
Thats correct. 8p per share you own before markets open on the 1st. And will be payed on the 29th.
Is the dividend on the 1st simply - 8pence x no of shares?
No maybe about it. Read the results properly and it's all in there.
Even though it was received after the accounting period? Maybe
The NAV figure includes the $10m.
aint that hard really nav is what the co value there assets teh 10m was always an asset so included in the nav once paid out its no longer an asset of the co
Hi mbingo, I get that but the NAV was 25 cents before receiving the 10 million. I may be wrong but why does that discount the previous NAV by the amount received after?
and like what i read in the rns and prevous rns's altough the 8p divi is a talking point i think thats almost priced in , i noted that they are looking to monities all assets ,and they value them circa $20m i do think the sp will rise a bit more before the divi and then ofcourse fall back ex divi but thats ok i note they are expecting a further $3m from an excrow account and more to come seems to me it is a free money sinario here but just have to wait a while so im going to hold for the rest of the year and see where we are then , i wont be a major poster here
Cash being taken out of the business, hence drop in assets. Reasonable expectation for 8p drop once ex dividend to reflect this. However, is 16p representative of current value? Seems light to me. Sure this used to be a favourite of Simon Thompson of investors chronicle...
Answers anyone? Think the assumed drop after divi is being overdone. Maybe some of you want a cheap entry point.
As of 30th June approx 25 cents (20p ish), subsequent (after) 30th June a receipt of 10 million. The dividends are paid using the 10 million. Why should the price therefore drop to 8p if the 10 million is in addition to. 25 cent NAV?
0.258 USD
Yep, expectations of further dividends. NAV @ 0.258/share which is 20p/share. Limited downside from here imo ..
Key comments for me are: "The Board of Directors and the Company's Manager continue to work to monetise all of the Company's remaining investments by 31 December 2017" and "...seek to make distributions to shareholders in the most appropriate manner, following the completion of investments. "
Still could have a bit of legs to go higher, things progressing in the RNS too, a target of somewhere between 16-20p at Ex Dividend date seems reasonable.
The very best people can expect if they've bought into this at 16p is half back on dividend payout and when the SP drops to circa 8p stay in for the long term position and hope for some steady growth thereafter.... gla