The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
ok perfect. Honestly thank you for your help on this!
Ah, that refers to the time period in the financial calendar (ending 30 June 2022) in which the company's earnings were sufficient to allow payment of a dividend to shareholders.
It's just company accounting. To receive the dividend, you have to hold until 16th Sept.
ok thanks! thats great and really appreciated
interesting. thanks for that! All I can find in the RPS documentation about the dividend is as below but I may be wrong. As said I am a complete newbie with regards to this:
The boards of RPS, WSP Holdings and WSP Global have also agreed that, if and to the extent
that any interim dividend is declared in respect of the six-month period ended 30 June 2022,
RPS Shareholders would be entitled to receive any such interim dividend up to 0.45 pence
per RPS Share (the “Agreed Dividend”) without any reduction in the Acquisition Price
payable under the Acquisition.
So the above reads to me if you had shares up until the end of June you would be entitled to a div assuming there is one?
From the horse's mouth, found in the "Dividends" section of the Interim Results RNS, posted on 9th August 2022:
Dividends
"In light of the opportunities to invest in organic and inorganic growth and the wider macroeconomic position, the Board is proposing an interim dividend of 0.45p per ordinary share (H1 2021: 0.26p per ordinary share). This is in line with the dividend policy announced at the November 2021 Capital Markets Day. It will be paid on 11 October 2022 to shareholders on the register of members at the close of business on 16 September 2022."
Hi N2321, where did you read that? If you provide a link I can check it out.
A very reliable website for dividends, ex-dividend dates and payment dates is stockopedia. It's a paid site, but you can get some info for free, so check out this link for RPS dividends:
https://www.stockopedia.com/share-prices/rps-LON:RPS/dividends/
Hi BodRuncie,
I've tried to look but where does it say you have to hold your shares until September 15th? All I can find is if a dividend is paid it will be for shares held until the end of June?
213.25 to sell on HL this morning 3.5% above the offer price of 206, but very little volume - looks like most of us sitting tight - at least for now......
...odd!
216p to buy, 10p above the offer price.
Surely if another offer were on the table we would have been told. Even with the potential divi, it doesn't add up to 216p.
What am I missing?
Just speculators who have missed the boat
I see the SP is now above the 206p offer price - why?
The additional 3 or 4 p premium is not covered by the dividend that will be paid in September. Is someone building a stake to make a rival bid - they would really have to make a substantial offer after RPS already greed to the current deal.
????
Is there another interested party ...
Just been paid 206p on the sale of my (daughter's) JISA holding.
Thanks BodRuncie and Saxman303 for answering that. Exciting to actually have a share that's worked out well! ill hold until the 15th September and see what happens.
If you sell now you will lock-in £2.05 per share but get no dividend.
The ex-dividend date is 15th September, so you need to be on the register of shareholders on the morning of this date to qualify for a dividend payment, which will be paid on 11th October. (Basically hold at close of business at the end of 14th September). You can sell from 15th September onwards and still qualify for the dividend.
It doesn't matter if you've held your shares for 5 years or 5 days, you need to be on the register of shareholders at the close of business on 14th September.
If the takeover hasn't been 100% guaranteed by 15th September, there will probably be some selling by shareholders on this date who want to lock-in a £2+ price while still getting the dividend, so don't be surprised by a small dip on this date.
Dividend date is 15/09 and pay date is 11/10 so you would need to hold until September I think
Why not just hold till you get the dividend this share price going no where as the financial cartels have missed the boat because there are not looking at good British stocks
Thanks Saxmon303 but what about the dividend should there be one? Would I get that anyway if I cash out now rather than wait? I read it as anyone who had shares over the past 6 months up to June 30th so I would qualify but unsure?
The deal on the table is a cash offer so if the deal goes through you will get £2.06 per share in cash
Hi, I'm very new to this but also have a decent amount of shares in RPS. I am just trying to understand the point in holding? It says there is a potential of a dividend assuming you had shares over the period up to the 30th June. So if I sold today would I still get that dividend should they offer one? Other than that, is the only reason to stay put in case a better deal is offered on RPS? Currently its to buy it at £2.06 per share which is what it is at the time of writing this? Am I missing something? Thanks in advance for any advice on this.
I sold mine this morning. I sold a tranch a while back but now I think the time has come to cash in the remainder. The free cash I can invest elsewhere to hopefully make a better return than holding here until the buy out completes or falls through. Bird in the hand etc.
Very well summed up Archy, I was mulling over exactly that last night and this morning. I stand to gain about an extra £380 if I hold for the £2.06 (and include dividend), as you say I believe the risk of this falling through to be virtually zero, but there is always that risk and is it worth it to hold for such a small sum? I also agree with you that there is the potential to sell up and invest the money elsewhere with the hope of making more than I would if I held.
So in summary I think I will sell today and take the bird in the hand.
Good luck to you guys whatever you decide.
Micro, firstly well done on succesfull investment!
I'd say there is (in the region of) a 99% chance if you hold your shares they'll be converted to cash at 206p a share , plus you'll potentially get a 0.45p dividend on top.
There is a very small chance the offer will fall through and also a very small chance another, better, offer will come along.
I see it as a choice between 203.5p in your pocket now or a near certain 206p in the near future. Personally, I prefer to take the cash in these situations because a) It removes all risk and b) I usually think i can do better than the 1-2% return i can expect from keeping the cash held here.
McBride? EasyJet?