Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
Less
Think 10p may be optimistic even with reduction of shares.
Market capitalisation has reduced by5bn.
I will be interested to see balance sheet at year end reflecting £8.5 bb sale.
Good luck
Should be a good 7p + final dividend to come in the summer
in my ISA so that I have a round number of shares again.
Could have bought for about 4p less first thing but got distracted by the missing capital return payment.
PenguinZ,
Mine was already in there when I checked first thing this morning. It had been treated no differently to any other dividend. This was with "II".
I was able to reinvest (manually) immediately. A minority, only, of it went on Tesco shares - the rest went on other things that I wanted to top up.
Having read all the comments here this morning, there seem to be 2 main issues, one maybe linked to the other.
(i) With any "normal" dividend, there's a declared "ex dividend" date usually on a Thursday, and then a declared "record date" usually on the Friday. People knew exactly where they stood in terms of timing of any intended buying. In this case, there was a bit of a grey area around 11/12/15 Feb with these normally distinct dates for the various stages somehow overlapping.
(ii) Inability of some brokers/platforms to handle it all from an administrative viewpoint.
I really feel sorry for those where their broker/platform appears to have cxxked it up, and hope it all comes good with minimum delay, hassle and stress.
Mike.
It’s not a return of capital! It’s a normal dividend pure and simple, the holding book cost never changed. There’s a lovely box on the tax return to put the figure on! ;)
Just my opinion but I think the sp will rise as we approach the finals in April. I think investors have been focused too much on the dividend and consolidation. I have been pretty much neutral on that decision seeing the pros and cons but now a bit more certainty has developed. What you see is what you get now and that is a company that has it's dividend well covered and 20% less shares in circulation. Pension costs reduced too. Wish they could dispose of the banking asset which would help the balance sheet.
More retail will be opening soon reducing footfall in the stores but you could argue Booker will be ramping up their business supplying hospitality and TSCO online capacity is second to none as they adapted to the pandemic.
No reason why the yield won't increase or at worst stay the same and the payment made will be over 10p to reflect the reduced number of shares in circulation.
I think the wider market is the only risk now to the sp direction in the short term but any uncertainty caused by the SD is now firmly in the past.
Have people received this yet? It says I'd get it today. Those that have, is it listed as a dividend in the dividend section?
LTI
I wont bore you with my tale of woes with a nominee account. I have been investing in the markets for about 40yrs. Made the mistake of switching from paper certificates by post to online 3 years ago. A nominee account run by SVS securities. I will never make the same mistake again.
I am not a trader so making a split second transaction is not so important but those thinking online trading is the future are very much mistaken. Eventually got all my money back from the administrators of SVS but a lot of patience and effort was needed.
chel
It will be done for me when i have received my payment
Every little helps as they say!
No, tbh, as a share holder and a longtime one at that, it's a no brainer.
Good luck everyone.
Chelwood
Have to agree. I closed my laptop for a week as it became tiresome.
mpw
mine is quite a bit of money which is why i have sent them a message rather than sit back and wait, only to find in a weeks time that it still hasn't been paid. I would probably have still chased it up for a small amount to keep them on their toes
leas
not quite sure how Tesco got involved with a payment to you for the capital return if you have a nominee account.
I cannot see why a purchase made the day before xd date should have the payment delayed compared with payment from previous purchases. There was a long enough gap until payment date.
LTI, I will not contact them immediately.The missing SD is not a huge amount of money and it may all come out in the wash later today/next week.
Morning All
Now the deed is done,can we find something else to discuss.
1.Harry and Meghan on the Oprah show.
2.Covid.
3.Anything but the SD.
mpw
I hope you have contacted them about it
LTI
Btw. my other dividend was issued directly into my bank account by TSCO the outstanding amount will be credited to my broker account.....
LTI, I’m with First Direct Sharedealing = HSBC.
LTI
Just phoned my broker. They informed me that the dividend owed will be issued later today. They do NOT go off the settlement date but the purchase date. However, because TSCO will have referred to their share register on the close of the 12th and a crossover due to settlement would have occurred then the payment is delayed slightly.
Hope this makes sense and I am sure your broker will get many queries posing the same from other clients.
who has received capital return money but not from a Friday 12th purchase?
if so, who is your provider?
For most it's paid into their accounts today but can take a few days to then be reinvested depending on their platform. I use Halifax and mine hasn't even been paid in yet let alone reinvested.
mpw
''Settlement was on Tuesday 16th''
this date is irrelevant. The xd date was Monday 15th Feb.
So you didn't get the payment on your friday 12th purchase?
who do you trade with?
I know some people on here have been confused with the XD and consolidation taking place,
but it is unacceptable for a share account provider to not know the number of shares on which to pay the 50.93p per share
leas
Are you with HSBC investdirect like me?
I have sent them a message on the platform
Just before the SD/consolidation I bought TSCO, its now clear I should have waited. Oh well another learning experience. JJ