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6m trade reported after the bell together with some other institutional size trades. All red, but are they.?
Information always ‘weighted’ in favour of the city boys.
Yet another £6m trade. Split into 2 x 3m and both executed on the day’s high. Wouldn’t bet that the other 6m was a buy also. Very coincidental.
Convinced money is being moved in.
Any price rise today will see a lot of sells imo, this SD looks like a mess, might be worth reinvesting after consolidation, it might coincide with a dip in the market, bit of luck needed ??
Only time will tell mags. No one has a crystal ball.
Agreed Leas, this is a shake up and no-one knows the outcome ..
Well how it can be called a SD is a stretch...it's not an SD in any way shape or form it;s a consolation for the consolidation with a nasty tax sting in the tail....SD Scorpion Dividend
"Any price rise today will see a lot of sells imo, this SD looks like a mess, might be worth reinvesting after consolidation, it might coincide with a dip in the market, bit of luck needed ??"
Ive been mulling this over for some weeks, I have 10,000 shares in my share isa and 20,000 in my normal trading account. I initially thought the SD would work in my favour and a nice bonus, but today decided to sell the 20,000 in my trade account. The divi tax rate of upto 32.5% for me, will imo out weigh the benefit of receiving the £10k divi combined with the 19/15 cosolidation. Ill keep the isa shares and see how things settle at the end of feb,
Need to buy back in at some point as year end results should be fun
2m trade at 246.1 logged as a sell. Again on or close to the day’s high. Pi’s being played. Kicking myself for not adding more last Friday waiting for it to go sun 240.
I’m sure a few here are still undecided what to do as the window closes for the XSD but whatever you decide wish you all the very best with your decision.
Keeping my ISA shares but sold a third of my trading account shares at avg of 246.0. See how the next couple days go. I will likely sell more, if not all, by the 11th (I believe that’s the last day of hold for the divi?). 32% tax just doesn’t compute for me as coming on top. Going to sit on cash for a while to see how markets pan out over February-March.
Lupo
I believe today is the last day you can sell cum divi, they are surely due to go XD at the opening tomorrow, so the 11th is too late ?
barchid
Not so sure that is true. They have to vote on it first. You have to be on the register by the close tomorrow.
xd date is Monday 15th so you can buy up to close on Friday 12th and still get the SD, I think.
mpw33cfr
Nice that your first post is accurate and researched. You are quite right.... from the RNS
'The Board is proposing to pay the Special Dividend to Shareholders on the Register as at 6.00 p.m. (GMT) on 12 February 2021'
Welcome to LSE and all the best
leas
Am I missing something here?
If the £0.5903 SD and 15/19 consolidation have both been calculated at an assumed share price just below £2.42, won't buying at anything above that price mean anybody doing so is immediately out of pocket come consolidation? Or is it just the short sellers bumping it up to get out just before close tomorrow, meaning the SP drops back below £2.42?
Posters said weeks ago anything below 2.40 was a buy anything above no..i don;t understand the maths seems you are on the same page as those..sure someone will explain....
That would make sense to me from how I read it Spindler. Not that I'm in any way an experienced trader!
Spindler
Personally I am looking beyond SD. My average is 225 and happy to have a cushion that protects my capital. If the sp dipped below 240 then I would be tempted to average up.
However, above that then my cushion is not as ‘plump’
It does not mean I don’t expect the sp to rise above 250, in fact I can see it getting closer to the broker targets.
Each to their own and of course their own personal circumstances.
Leas (& others)
Apologies, you may well be right but Thursday is the traditional XD day, though this is far from a normal divi & is hard to see how it can go XD before the vote, so I guess my earlier post was misleadig/incorrect