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Check it out here
The company wants to buy it's own shares.
Interesting.
Dividend payment of 9.85p..
Maybe well worth a punt as it has always paid out well. Maybe just let the dust settle for a week or two.
Best luck all. TIANDB
Last week Brookdale International Partners purchase 6% of the shares. Sherborne holds a 30% stake in Electra Private Equity. New York-based activist Edward Bramson described as �pond scum� also owns 5% of Barclays Bank. Bramson has bought stakes in a series of British companies in the past 15 years and has reaped returns averaging 22.8% a year. He typically does so by buying a sizeable stake, demanding a seat on the board and then pushing for cost cuts, payouts to shareholders and other changes that boost returns. Bramson was born and grew up in England. His mother was British and his father American.Sherborne describes itself as a �turnaround investment firm�. Other more blunt descriptions for activist investors like Bramson include �corporate raider� and �asset stripper�. Bramson mostly notably took control of Electra Private Equity, battled his way onto the board, cut costs and sold off various assets to raise �1.35bn for shareholders. Bramson previously staged coups at F&C Asset Management, chemicals firm Elementis and telecoms business Spirent Communications. Ameriprise Financial, Inc. 19.9% Aviva plc 19.1% Sherborne Investors GP, LLC 19.0% FIL Limited 10.0% Invesco Limited 6.2% Insight Investment Management 5.7% Is it time to dip in ?
Twas the date that got me wondering, there's nowt for nowt eh !!
yes... too late for divi hence the drop by the divi.
Sherborne Investors (Guernsey) B Limited has declared a dividend of 26.5 pence per Share, payable on 15 December 2017 to Shareholders on the register at 17 November 2017.
Controlling this ?
Pugwas you were bang on mate!!!!!!! I think I will stick to big divi payers where their share price holds a bit better Cheers
Check the share price out on 23 June probably 52.5 if your lucky
Dividend 30p declared on 5th June Ex-date 22 June ...payment on 28 July2017... Easy Money? comments please!!
Thanks, was wondering the reason.
Anyone wondering about the large drop ? it is from the Dividend. Today is XD day so as long as folks held at open they are entitled to the large 87p Dividend. Now interesting this Dividend was derived from the company owning over 29% of Electra ELTA which recently paid out a Huge 2612p Dividend after a reorganise. The NAV here may not be effected by this Divident payment due to above. Therefore a safe good buy it may well be IMHO ? Best luck all..