The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Quizzer Thats a short term view. If you think its 50/50, how do you feel about missing out on what should be an increased divi in May due to massive online sales??
I don't think anyone can tell you for sure, it might become clearer on opening on monday when you might have an idea of what your shares are worth, I've heard estimates from 190 to 315 !! .. I sold at 247 and quite happy my money is safe, I bought in at 211 .. will be watching with interest monday morning ..
Thanks
What is the point of taking the SD,but at the same time watching your shareholding reduce.Im missing something here.If you just wanted some cash why not just sell your shares at what is now not a bad price.can anyone enlighten me please as tomorrow I'm thinking of selling my shares at a profit before they reduce in number.
So I guess everything remains the same except my 2000 shares consolidates to 1579. I receive 2000 X 0.51p SD = £1020
-421 shares x 2.43 = £1022.
Thanks for all the information leading up to this 19/15 shares consolidation, I was a little miffed by it all.
Chelwood, its 12,732. JJ
Chelwood, she will have 12,732. JJ
Thanks everyone for the maths. Now where is that pen and paper. Just double check !
All approved
sure is
divide by 19 then multiply by 15.
The fraction under one on the result will be lost.
Robbyw Thanks alot. Now where is that pen and paper.
if you divide your holding by 19, you will just have a fractional amount ie the remainer amount will be less than 1 share .
so say you have 78 shares
divide by 19
the remainder is always less than 1 share - that's all you lose/donate to charity.
hope that helps
@lynny
Check the shareholders letter.
Consolidation 15 new shares for every 19 old shares.
I believe any shares (part) will be collected, sold off and monies donated.
I devided my holding by 19 and worked out I'd lose out on 13 shares.
I could have bought another 6 shares for example, or more to obtain a true division of 19, but decided just to sell.
If it was only a couple, I wouldn't have bothered.
Will we know result today?
Hi Robbyw Can you explain please sorry haven't been watching this so not in the loop just thought Tesco was Tesco so just wandering along in a dream. How do I maximise my profit ( She smiles) Thanks
My wife (tesco employee)holds 16128 shares.On reading the comments she will,after consolidation be left with 12500(approx).
If the share price did not rise to compensate and stayed in the £2.50 bracket with dividends moving forward she would still recover any lost money over time as i see it.
Point being,everyone has a different set of circumstances,some genuine,some through mismanagement and some through circumstance.
Personally on reading this board everyday for weeks i will be glad once this is over
@y11-shx
I believe all part shares are being combined and sold on the open market and monies donated.
Unless things have changed.
When it happened with Aston my broker paid me back the left over ones
y11-shx, if they are only worth £2 then you will lose big time; its essential they start trading in the new format above £2.75 IMHO. JJ
Just divided my holding by 19 and worked out I'd end up losing 13 shares via the consolidation.
Just sold the odd 13.
Only £3 dealing charges with IG, so I'll invest my £29 in pints. :)
Yeah I bought a lump in that dip this morning. I think there worth £2 let’s see if they hold up.
Going to be very interesting to see what it opens at on Monday .. I guess that's when we see if we've all made the right decision ..
y11-shx tomorrow is your last day, as on Monday 15th it goes XD. But I think the cut off is 16.00 and not close of trading so you may want to check with a broker that your plan will work in practice. JJ
Could somebody tell me what date is it when share holders qualify for the dividend?
Despite the very big distraction over the next few days, TSCO should benefit from the increased footfall with Valentines. Their dine in for two meals have had great reviews that should pull in the punters. I will plan in advance and treat the current Mrs leas tomorrow and avoid the Fred Karno's that will unfold at the big four over the weekend.