Too much of a loss for me to sell, I've averaged down four or five times. I felt that SQN were trying hard, but I haven't much faith in the new lot. They need to bring in experts in AD (not risking spellcheck) to sort those problems out. J.Laing Environmental seem to make a go of it. I will have to go through my portfolio and rate every holding. SQN will be a 4 ...in distress.
It's a dividend Jim, but not as we know it. Are we sure that they are complying with their REIT status here ? One dividend missed, future ones almost halved. Now we know why they are not taking account of sales at Hudson in the accounts. They also need to send the boys round to those refusing to pay rents.
Now a full month late announcing the dividend. Very little info forthcoming from the monthly fact sheets. And what about the spread ? Only an idiot would buy or top up at this - 172 to buy, 161 to sell. Hardly VALUE !
Levy seems to work for BDO auditors and I also saw a vote against them remaining as auditors for one company, although I can't remember which at the moment. Great dividend here though, one of the best.
Today's RNS re-Elevate looked like bad news but they seem to have it covered thankfully. It's annoying that American companies seem to see Administration as an easy way out rather than shutting a company down themselves. Does anyone know why there were votes against Kevin Ingram and Richard Levy at the recent AGM ?
Hopefully .... eventually. I've voted against continuation, purely because of the lack of any clarity. If they had started paying a small dividend and given a decent update, I would have been happy. Of course, what we small investors vote is of little consequence. It will all be pre decided with the big players.
Thanks @JDCBC you are very knowledgeable for someone new to these forums. Actually, I am with I-web (Halifax/Lloyds) but it's the same problem as HSBC of course. I agree, Computershare don't know who I am, but DGOC pay them a lot of money and asked them to help me find a way round this problem. Even if their advice was as good as what you gave, it would have been a help, but they offered absolutely nothing. I am otherwise happy with I-web at £5 a trade and no other charges at all, and like to keep my investments in one place. I had an account with HL and found them terrible, taking into account their charges, and have one with X-O which is a very basic service. So I'll stick as I am for now and see how it goes. Currently my investment in DGOC gives a very acceptable 8% yield, but avoiding the 30 % tax would make the yield 11% I am sure there must be some charge from a bank to transfer an ISA to a new provider, although I can't find it in the T&C's. I could certainly have done with your insight last year when I was finding it amazingly difficult to find out what the problem was.
Thanks for comments everyone. Firstly we have a financing RNS this morning that isn't showing here. As regards the dividend tax, yes I did know this, sorry if I didn't make myself clear. When I last spoke with Teresa at DGOC she told me that she had instructed Computershare, who handle the dividends on behalf of DGOC to investigate this and find a way to solve the problem. I since contacted Computershare UK who totally ignored me, and the Computershare US who passed it on to the UK branch, who again couldn't be bothered. So just going to update DGOC that nothing has been done. Any other solution would cost me money one way or another as they are in my ISA, although it would be worth it longer term I guess.
Surprised the market as a whole hasn't collapsed. Of course, we all look forward, but there will be a lot of fall out, staff, money owed to honest companies as well as the debt giants, local councils, taxes etc. Administrators don't seem to be having any look with Shearings, who had a fantastic business concept. No one wants the going concern - so name, website and customer list sold for a nominal amount. Can see INTU assets being very difficult to move in the current climate.
Because it is too much trouble via Primary Bid. I hold Gore Street in my ISA, so would then have to have shares transferred from P.Bid to my share dealing account, and then B&B them into my ISA. If they raised money in the usual way I would have happily bought. Also keep in mind that these projects they are involved in will have no income for quite a time, so can they cover the extra shares dividends from their current income for the next year or two ? Personally I will wait and see what the next three months brings, taking into account the forthcoming dividend is half the previous three (although we knew that of course).
A late top up from me to maximise my dividend and cut my average. 50 percent of dividend X Double the amount of shares = happy adv11. At this late I'll be able to afford to move to Crewe. Made my first town centre trip in 3 months today. Shops busy, no queues, everything flowing very well. Only Halifax still closed, but they never did like customers.