Member Info for adeg1

well you shouldn't be going big in LLOY if you want a regular dividend income. Can I suggest you visit the lemonfool and their HYP board to understand how to build a portfolio of shares that pay a regular dividend income.

yes but only a 100% increase on the interest rate.

If you have a £300k mortgage over 25 years and the interest rate increases from 1% to 2% your monthly repayments increase from £1,130.62 to £1,271.56 a 12.47% increase.

Even if they go to 5%, a 500% increase in the rate, your repayments only increase to £1,753.77, a 55% increase.

Buy more and average down, if you believe that long term they can return to paying dividends of $1.88 then this is a steal at these prices. As the sage says "be greedy when others are fearful".

If the prices in the UK 30% lower why is that a problem? Our dividend yield is higher and we make more money as shareholders.

Well there's your answer. Great RNS, with half year profits £450m- £500m and an interim dividend between 110p & 125p.

Plus they are going to give us back £400m as a special dividend from the asset sale.

Up 107p but this should be much higher. Even at the lower end of estimates with an annual dividend of 220p a 5% yield would price these at £44 per share.

Or may be the market just thinks £4.30 per share is overpriced and it should be in the £3 range.

Yes the net book value of a business is not impacted by the current share price/market capitalisation movements of the same business, except at the point when shares are sold by the business to fund it. Of course the opposite is that the share price is sensitive to movements in the net book value.

The share price of a company could double but the NBV remains the same. You have to understand the difference between cost and value.

I shudder to think that an investor doesn't understand the difference between net book value and market capitalisation/the share price.

$1 billion leaving the bank account impacts the net book value of the business on the day of the transaction however it impacts the market capitalisation/share price on the day it is announced and then again on the day it goes ex dividend. The actual payment date has a negligible impact on the share price, except for investors who are reinvesting their dividends potentially driving up the demand.

very last trade was a sale of 809 shares for 50p.

I think the next nudge up will come if they announce a further increase in the dividend to 3p or higher. Although I'm also happy for them to retain cash for the acquisitions they keep making.

only another 15.4p to go for me to breakeven.

The administrators always get their money, they are first in line for payments, it's the other creditors who lose out. Just takes time to realise the cash as they cannot get it until they have completed the liquidation process.

Estimated profit of £90M - £100M is 45p-50p eps. If we assume a PE ratio of 10 that should put the price in the £4.50 - £5.00 range. This still has a long way to go.

Did anyone just spot that pig flying past their window?

If the auditors have concluded their work why aren't the accounts already filed and the results released to the market. They should have been ready to go the instant they were agreed, they've had long enough to prepare.

This will be a bloodbath when/if it ever relists as people try to exit with something.

No the "lost" dividend is built into the NAV of 52.3p per share.

They have made an offer to the board, which they have rejected, however they now need to make a firm offer to shareholders by the end of February. We then get to vote on it, however it is unlikely to succeed without a management recommendation.

If Platinum are really serious they should start to build a shareholding in the company, as far as I am aware they are allowed to buy from the market at any price below the offer price.

section 8.3 notices are not new buys they are declaring how much they already own. There will be loads of these over the next few days.

What we need now is for Platinum to make an offer and then start purchasing shares in the market. They can do this if the market price is below their offer price, although why would you sell for less than £1.05 now is beyond me.

William Hill was different in that Caesars had an ace up their sleeve, which meant that no one else could bid. This is different and other PE could look for a piece of the action. They have been alerted now that it is for sale.

I still think the best thing to do is reject the bid, management are doing a good job and the long term recovery, once pubs reopen, should take it well past £1.50 per share, with good dividends on the journey.

What we need is another bidder to push the price up, anyone got a spare billion or two?

You may not have a choice. If more than 75% accept the offer you will be forced to sell. Just look at WMH. If the offer is anywhere north of £1 anyone who bought in the last few months is going to vote yes.

Personally I don't see the need to sell so hope the board tell them it undervalues the business and go away.