Quilter Share Price (QLT)

This share is joke.. Next time any share I'm invested in states they want to return capitol to they're shareholders I'm selling immediately.. lesson learnt..

Only based on management presentations the dividend has been based on the ongoing business and the capital return is the cash from selling the back book and the international business.
The share consolidation should have resulted in a share price of around 140. Other wealth managers have also fallen recently driven by the effects of inflation o reducing investments by new and existing clients….and prospects for higher taxes doing more of the same and higher interest rates affecting bond and equity prices. Hence they have gone from being the in demand part of financial services to potentially overvalued. My opinion is that investments are sticky with groups like quilter. The yield is likely to rise but driven by dividend rises rather than a price fall……but who know what the global outlook will be in a year or so. It looks difficult for a while with US China and Russia causing issues.

Doh!, think I have had to many senior moments recently

Just revisited my shares on this one and reread the detail of the share consolidation
“”Record time for entitlement to B Shares and the Share Consolidation in respect of Existing Ordinary Shares
6:00 p.m. (UK time) on Friday 20 May 2022””
Now much happier having received a unexpected bonus payment of the share consolidation ??
Anyone have any views if this share will see any growth in eps and maintain dividends?

If it’s any consolation, I made the mistake (albeit only a very small starter purchase sub 500 shares). Or rather didn’t do full diligence before buying in April so missed out on the 20p capital return.

heyho! Years of dividends to come but with less shares, hopefully dividends will increase accordingly and still a buy opportunity at this low level.
Same situation with Aviva but good that I held them long enough to get capital money and reinvest for higher £ div cash

"Expressed as a percentage, the reduction in the number of
Ordinary Shares as a result of the Share Consolidation is
broadly equivalent to the percentage of the Company’s market
capitalisation which is proposed to be returned to
Shareholders under the B Share Scheme"

Cheeky bastard. With reserve split I assumed new share price would adjust from prev close of 121.9 (not 118.88 my bad) to 141.19. Why make it complicated and not just use the proceed to for buyback program. Still too many to learn from investing. Had owned shares of this company from Jan 2022. Still not impressed. Annoyed how this stupid exercise will will affect my dividend allowance.