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AJBell clearly have not got their act together on this unlike ii.A week after share split and no information.Disgraceful.
I really think something is not right - I have not received any Wickes shares, and no explanation why I was down ££ immediately following consolidation. However, I received an email regarding payment for fractional shares (totalling £4.50). Here is email I sent to freetrade, followed by reply - see if this makes any sense:
Hi, my Travis Perkins shares were consolidated earlier this week. I believe I should be issued with some Wickes shares to offset the loss accrued with tpk as a result of the consolidation. Or is there another mechanism to recompense me for the loss I made as the shares were consolidated. Users on other platforms have been issued Wickes shares. Thanks.
Reply from freetrade:
Hi
Our team got in touch regarding this so I've copied their messaging below:
"...Following our previous message, the consolidation on Travis Perkins plc shares has now become effective and your consolidated shares have been issued to your portfolio.
Shareholders received 0.89245033 of a share of Travis Perkins Plc for every 1 Travis Perkins Plc share they held as at market close on the 28th April 2021. Entitlements were rounded down to the nearest whole share..."
"...Further to our previous notifications regarding the recent consolidation, you have now received a cash payment in lieu of your fractional share entitlement to Travis Perkins Plc.
You have received £4.51.
Fractional cash was paid at a rate of £15.6222837 per share. This was the price obtained for selling your shares in the market..."
I hope this clears things up!
Hi
I'm with ii and to be fair its gone through perfectly. I have my consolidated TPK shares and the WIX shares. ON balance I was practically breaks even slightly up on the TPK potion and slightly down on the WIX shares.
After today a few % up.
If you are not - Then yes something has gone wrong. To be clear I am talking ££'s overall not shares prices.
Hope that helps
TPK hived off wicks at it was in the intrest of share holders as 2 companies we should get the wicks shares as par with your holding and regards
to your share holding you have not lost out, as the combined tpk & wix should be more than your original TPK value
TPK hived off wicks at it was intrest of share holders as 2 companies we should get the wicks shares as par with your holding and regards
to your share holding you have not lost out, as the combined tpk & wix should be more than your original TPK value
Not an expert, but I'm with AJ Bell platform and Wickes shares aren't showing in my account yet either. My TP shares are frozen at the amount I hold, but should have been consolidated to a smaller amount.
I presume it's merely a hold up while the company/platforms get it sorted out.
I have lost a load of money in this share consolidation, and I cant work out why. No mention of any Wickes shares coming my way (I use freetrade). I assumed that I would not lose out during the consolidation - just own fewer shares, but each worth more. Can someone explain to a newbie how I have lost out during the consolidation? TIA.
I think they have it is trading as a separate share now.
I use Barclays to buy shares - they say i am not to get Wickes shares as far as he knew - have they been released ?
I have paper shares in travis from what I understand i should be sent my new share certificates through to me travis + wicks certificates am i right ??
Same has happened to me on freetrade. I understand that I now own less shares (they are consolidated), and consequently each share is worth more. But how come I have lost money, despite 8% sp increase? Is the 8% increase actually a loss, once the consolidation factored in (relatively speaking?)
for every 10 shares you held, you will hold around 9. in laymans terms.
Hi Pinky and Richard,
I am still not clear. I bought at 1420p tomorrow ( ex-capitalisation) and now its shows 1530 ( ex-capitalisation) then how come i loose money? My hl shows 4% down and purchase price approx 1600p which is not correct.
On balance I'm fractionally up - Don't expect to be after tomorrow.
I can trade WIX on ii but not the TPK.
RichardR is correct.
Demerger
1 WIX share for every TPK share (essentially a TPK dividend in the form of a WIX share) - Still leaving you with the TPK shares as well (Yesterday)
TPK shares consolidating at .8925 for every 1 (or something similar cant quite remember) - That's happening today.
Hi fellow investors
i think i have now made sense of it so this may help. Wicks had demerged so we will get the same number of shares gratis from WIX in addition to your TP shares which should answer your question why you now have some wix shares. TP will of course drop by that value (12.8% yesterday). TP will then use the new value to do a share consolidation (reducing your number by 12.8%) to get the value back up to its original value pre merger. hence up by 8% today but losing 4%. This risk is that investors may not want to invest in WIX and sell to buy TP or we could all do better now WIX is flying
I bought some shares at 1420 yesterday and now today its showing share up by 8% today but I am in overall loss of 4%. How can that be? It should be 8% profit as it trading at 1531 now. Please anyone can shed a light on this
Can not buy or sell the shares on ii
Anyone else went to bed with a TPK share holding, woken up to find HL have decided your money is better off in WIX ?!?
Bought some at 1448. Not sure if it was wise. Americans will be online soon and may dump travis perkins
Is that an attempt to pick up even cheaper?! :-D TP is well set for the market opening back up, the DIY market is soaring and both Toolstation and Wickes are growing stronger both instore and online. An initial drop was inevitable, especially in a market shaken by events in India, but will soon recover. Nothing to worry me as a LTH here, just a good buying opportunity.
the core is trading on a fwd pe of about 10/11. hardly overvalued. now that wickes has been spun off, it is more likely that there will be action on the p&h side.
Not worth buying wickes. This will fall over the next few weeks. Not falling now as holders have not been allocated wickes shares yet so cannot sell them. Worth around £2 max! Tpk is still ridiculously overvalued. I wanted to buy around £13.80 but missed the boat. Don't buy either yet. Sell them as soon as possible as they will fall.
So what does this mean the shareholder must do?
I imagine though the Travis Perskins shares have dropped, the shareholder will get shares in Wickes - which is a promising company.
What are the action points?
Buried within: " The Record Time for the Demerger is 6.00 p.m. on 27 April 2021 (or such other time and date as the Directors (or any duly authorised committee of them) may decide). To be on the Travis Perkins Share Register at the Record Time, transfers of Existing Travis Perkins Shares in uncertificated form must take place by 6.00 p.m. on 27 April 2021 and transfers in certificated form must be received by the Registrar by 6.00 p.m. on 26 April 2021.12.3 "