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Large buy 13.59
972k someone has confidence
Good write up re Pinewood this morning
Have also stayed and very happy with today's RNS
Time will tell
Best of luck
I stuck with it, money to come form sale in May remaining part of shares down 15% but a up beat Rns this morning as they say watch this space
Sold holding in Pendragon when the sale to Lithia was confirmed as uncertain of the value of the Pinewood remnant. The figures produced show a company with on-going earnings per share of 11.9p/share and no indication (I may have missed it )of likely future dividends. Whilst perhaps there is the prospect of significant growth now that Pinewood is no longer part of Pendragon a P/E of 26 does seem a bit high. Or am I missing something?
Thanks for responses and let's hope results will be good tomorrow
Agreed when divi is paid the total will be worth the same but the portfolio will always show a loss as divi will go into income like any normal divi - presumably?
PINE still sits atop the LSE daily risers leaderboard today.
Showing as over 700% up.
It won’t do their visibility any harm at all, despite it really only being a technical rise.
atb
The consolidation makes no difference to the value of the company, however you will experience a loss in relation to the dividend and its yield. Current share price is equal to 15.6p pre consolidation, which is roughly 61% of yesterdays closing price i.e. the price is reduced to accommodate the yield payout.
Sorry should read loss not list
Yes same here showing a list, however dividend to be paid in May for sale of car business so should be about the same in total
Well, the Apple shares app is showing a 688% rise today. The standard systems can’t cope with the consolidation effect.
If it doesn’t correct itself, you might need to go into your HL settings and adjust the cost price (having done the maths yourself) so that the HL computer is just showing the comparison with that.
atb
Anyone else with HL?
After consolidation I'm showing a total loss as opposed to a gain.
Anyone else the same?
Thanks
Here is a link to the 30th December Oak Bloke post on Substack which gave a very good overview of the situation at that time.
It’s worth reading.
https://theoakbloke.substack.com/p/introducing-pinewood-technologies?utm_source=profile&utm_medium=reader2
atb
I for one will be pleased to get the divi (of the car dealership sale proceeds) out of the way, so that PINE can be viewed simply as a SAAS business providing software services to auto dealers. Anyone buying in from Tuesday onwards won’t have to contend with money tied up in cash about to be returned.
We will get the audited accounts covering 13 months to Jan 31st 2024 sometime before the end of May.
atb
So going forward is their a master plan for this action?
I will assume you own some shares. Closing price today is about 39p. Let’s assume no change by end Monday. On Tuesday morning the value of each share would be expected to reduce by the dividend amount of 24.5p. So each share would be 14.5p BUT because of the 20:1 consolidation each share will now probably be worth 290p ( and you’ll have 20 times fewer shares). You will also receive the divi based on your original number of shares.
So no £££ created or destroyed.
atb
So all this goes through on Tuesday. Does this mean the overall value of your holding setting aside market ups and downs will be reduced. And if reduced does that mean the hefty dividend is just to balance that reduction in value
Price being held back….
Yes, 1/3 is my case exactly. Even with the capital gains tax it's still looking like a better option... Thanks for your reply and the link!
Just for clarity: using the dates on the RNS.
If you own the shares at close of business on Monday April 22nd you will get the whopper dividend and any tax risk that comes with it. If you buy on Tuesday 23rd you will be buying just the (newly consolidated) shares and won’t get the divi this time round.
We might also get an AI generated news article saying the price has gone up from 40p to 300p or so. This occasionally happens if someone isn’t paying attention at consolidation time. atb.
Hopefully this link to tax site works. atb.
https://www.gov.uk/tax-on-dividends#:~:text=You%20do%20not%20pay%20tax,from%20shares%20in%20an%20ISA%20.
Well, as I understand it there’s an allowance this tax year of £500, so anyone who has already earned up to the personal allowance (approx £12,500 - from memory) can earn the first £500 of dividends tax free. Any dividends above this are taxed at 8.75% if basic rate, 33.75% if higher rate and 39.45% if additional rate.
So for most decent earners, there will be at least a 1/3 tax hit if you receive this divi.
Many would conclude that selling before xd and buying back later is a sensible strategy, assuming that you don’t then inadvertently open up a capital gains tax liability on any crystallised profit.
I will post a link to HMRC divi tax website.
Mine are fully exposed to tax, do you think it might be better to sell to avoid the huge tax that the dividend will entail? )
Thanks for the info.