PYX Resources: Achieving volume and diversification milestones. Watch the video 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.
The capital return is now in my trading account
my share trading account - no return of capital in the account yet, but I have got a £2.11p
payment relating to Tesco, which is obviously from the remainder of a share after the consolidation.
It looks like a remainder was calculated at the nominee account provider level, rather than
individual investors using the nominee.
These guys have taken a keen interest in Tesco
Sierra Inv EP Emerging Eq Unconstrained
https://www.morningstar.com/stocks/pinx/tscdf/ownership
Even if every investor had their return put in their trading account before 8 am (which I doubt)
you would not get every platform making a drip purchase at 8 am. They will do it in their own time I am guessing.
Thanks, that's clear. My principal interest was to establish that there will be some relationship tomorrow between the dividend and price action.
I am in DRIP. Will the dividend be invested at tomorrow’s open price and new shares posted tomorrow? Thanks.
J882
Some platforms may take longer than others to get the return into their clients account, especially those that have proceeds go into their bank account as opposed to their share trading account.
HL move dividends once a month onto your account, usually around the 10th of each month so unless you have your dividend payments set to reinvest then you won’t see the cash in your account until the 10th March however it will be paid out by Tesco tomorrow
Norrab, thanks for clarifying. I have an HL account and their circular on the topic is ambiguous. I definitely says at one point that funds will be cleared to my account on 10th March. In another place, it states that the the SD is "payable" on 26th Feb. I'm surprised there was so little movement today - I would have thought IIs would be building positions by now, from reserves.
They might review that if Sunak does a one off levy on those who have done well in the pandemic
( Supermarkets ) as has been suggested. K
Your understanding is a misunderstanding.
Special dividend paid tomorrow 26th Feb.
Anyone shed any light on what will influence the SP tomorrow? My understanding is that the cash from the dividend won't be available until 10 March.
Snippet from CREDIT SUISSE : IT RAISES TESCO TO 'OUTPERFORM' ('NEUTRAL') - TARGET 280 (290) PENCE. Positive rating!
JJ Agree notwithstanding the fact each share has basically mushroomed in real value by 20% as a result of the consolidation meaning less supply for Mr. Market to consume when all the institutions (80%) start gobbling up shares to rebalance their Dividend portfolios.
it must move the share price north. I would expect to see the TSCO share at 240p+ in early March. JJ
You will receive a dividend payment on Friday 26th which HL will reinvest in TSCO on March 11th if that is your instruction on income. The DIV tomorrow wil make up the difference (in theory) It is a lag only.
Pothouse > I am sure they are not putting all their eggs in one basket
coxy - you're right - this will see 300 again this year.
It's a safe bet IMO. Nothing that's going to set the world alight but I see this giving really good returns.
I took 50k shares at 222 so I'm feeling very confident that I'll see good profit in the short and medium term.
Amazon has good linkage with Morrisons at the moment, maybe they are testing the waters.
Alpha
Your shares have been consolidated to 15 shares for every 19 you had before the GM earlier this month.
Hi Alpha86
On your H&L account check the number of shares showing that you hold. They should differ by about 20% less than you think due to the recent consolidation that happened.
"Having sold my stake at 240 to avoid being taxed on the SD "
All that means is that you have not got your financial affairs in order.
I bought Tesco shares last year in March for 216p... the price is now 228p but on my HL account I'm seeing a loss on my overall position.
Can someone explain what has happened? I know we're getting a big divvy this week but why has my position changed?
coxy - Analysts update estimates
The 2021 consensus earning per share (EPS) estimate was lowered from UK£0.12 to UK£0.11. Revenue estimate was approximately flat at UK£58.8b. Net income is expected to grow by 5.1% next year compared to 24% growth forecast for the Consumer Retailing industry in the United Kingdom. The consensus price target was lowered from UK£3.52 to UK£3.28. Share price is down by 4.1% to UK£2.28 over the past week.
Over the last year investors have been looking forward to some date or other, often to be disappointed .. tomorrow is another case .. share price has recovered a little which might persuade investors to reinvest their dividend ..