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Another 2 to add to my list. ATB
Hope you are well. Things most be going in the right direction. This constant negative posting must have somebody worried. I am absolutely convinced this will motor in the New Year. Good news will be with us shortly. ATB and have a good weekend.
Tim Scurry, CEO of the NA business has also gone. The new company is taking shape. Apologies if already posted.
It's actually a 1/10 consolidation.... Dilution does not come into it. I am wondering who the "we" is that keesay referred to, it was their first post. so there was no identifiable group to place him/her in. And I was wondering just exactly who had been stupid enough to claim "we" were getting a free 90p!! In a long time here I have seen no such claim from anybody. That was their first post and your second. I think perhaps you are both connected in some way.
Shares are being diluted under 10:1 offer so unless the share price rockets after consolidation then again it will be a loss.
True but this will soon become evident
""We are not getting a free 90p......"" Please explain.
When Quindell pay 90p on the ex date 18th dec the share price will be approx 9p and on the 21st you will then own 10% of your shares you had before ue 1 for every ten owned. We are not getting a free 90p......
Yes something like that. It just seems too good to be true that you can buy some shares today and get all your money returned and still have shares in a company.
Because the £100 isn't certain and no-one really knows whether what remains will ever be profitable businesses.
So what is the catch ?
So buying 1000 shares now for £990, you get £900 capital return back soon and £100 in 1 years time and still have shares in the company ? so why are so few people buying now at 99p ?
Unfortunately I have a large share holding in QPP and have followed this discussion board for over 2 years reading the positive, insightful comments made by many and also the very bad. I have held on to my shares through very troubled times in the hope that I will re-coup my initial investment. The latest consolidation is quite frankly a 'kick in the guts'. I am not experienced in consolidation moves especially after the last one and was hoping someone could shed some light onto what the possible share price would be after consolidation. Would it still trade at the current price range of 90p?
Without going into details, I think Quindell has sufficient contacts to avail itself of all the expertise required to invoke favourable conditions for the intended plan to come to fruition. I will be shocked if they don't get exactly what they want. It seems these plans have not been cooked up overnight and I am sure the level of investigation into the intended events becoming reality is great enough to ensure success.
I feel sure the directors must be fairly certain the court will allow the return of the 90p. For the sake of argument lets assume they do not, and by then the shareholder have already agreed to the consolidation of 10 shares into 1 share, that's making us the most expensive AIM share on the market at £10 each, then if that were to happen, who is going to buy shares on AIM at £10 each ?, very few I suspect, so my thoughts are in the interest of everyone then, it would be agreed the consolidation would not happen, or do you think differently, and if so, why.
""Cant help thinking the clever strategy would be to help shareholders to believe there are prospects."" Prospects are minimum 90pps this year, minimum £1 per share late next year after consolidation. That is already more than most.
Cant help thinking the clever strategy would be to help shareholders to believe there are prospects. If there are, then we are in catapult territory. If not ........ Mel
Next year they will get 100 x £1 ? is that right or is it 100 x 10p ? If you get £900 returned at the end of Dec, and then get 100 x 10p next year ... you'd receive £910 in total. Wouldn't you feel a little short changed? You'd get £100 next year.
as i have not been following this thread in the last month. Anybody buying 1000 shares today at 99p for £990 (ignoring charges) will get 90p x 1000 back end of Dec = £900. After this 10 to 1 consolidation they will then be left with 100 shares worth 90p each. Next year they will get 100 x £1 ? is that right or is it 100 x 10p ?
Question - on the record date do your shares have to be fully settled or can peeps get away with T10 or 20 ?
Yes, it is not a common practice after all. Glad to help. Re the 10p/£1.00, a clever strategy to maintain the share price after consolidation although hopefully we won't need it! GLA.
Thanks That is what I thought. BUT my letter only mentions the 90p and the 10p and a record date of 17th Dec. They could have made it clearer my saying a future record date will be announced for the 10p.
""Question is : if i still hold my shares on the 17th Dec does this entitle me to the 90p and the 10p even if i sell my shares after December ?"" Certainly not!! Just think about it. If you sell your shares in February somebody buying them in March would not qualify for the 10p (£1 after consolidation). You've sold... why should you get it.? They've bought, why shouldn't they? A date will be announced. Later. Much, much later.
Just received my letter from HSBC regarding the QPP consolidation and return of capital. It states that the record date is the 17th December. Question is : if i still hold my shares on the 17th Dec does this entitle me to the 90p and the 10p even if i sell my shares after December ?
Yes Lindoser, Indro has landed a good job here he will be making sure he makes no mistakes , also I cannot understand why some people are selling large amounts why do they not wait a few weeks I do not know of anywhere else you can get 90p in the pound. GLA