Hi @Brazil2020 - I-web, (Halifax/Lloyds cheap offering). I left HL because of their superior, public schoolboy attitude. They always know best, even when they are blatantly wrong.
I have actually been very surprised with Iweb's handing of my three PB offers. On the other hand, they have just started hanging on to my dividends. Usually they credit same day as paid, but I still have seven outstanding from a week ago.
PB shares in account. Tick.
Excess cash back in bank. Tick.
Topped up. Tick.
Onwards and upwards.
You are totally correct @DerSack - I believe my shares will be with my broker by now, but they will take as long as they want to credit them. The cash back from PB is within 5 working days, so that will probably be next week. With most PB offers, they closing date is 3 to 4 weeks away, so they have your money locked up all that time. Far better to buy what you want, where you want it, in the open market. The price will never be far away from the offer price.
Many waiting for their PB shares to hit their trading account. Some to sell and make enough to buy lunch, others waiting for their cash back from PB to snap up the traders shares.
I've got neither as yet.
Wow, oilmanmike - you have been ramping this share for weeks and giving some investors false hope about massive dividends. 28 Apr 2021 09:58 you was forecasting a minimum 15p dividend, not to mention winding people up about the script dividend.
OK, you will attack me with your superior knowledge and aggressive oil man attitude - but I can't be the only one who has noticed what you have been doing and your sudden change of attitude.
Haven't digested yet, but 3p dividend twice a year, plus possible top up for REIT. Can't see how they can justify this. Thinking of taking my huge losses and investing elsewhere. Speaking purely as a quarterly dividend investor. Looking forward to other people's views.
Well, we have missed out on 4 quarters x 5.4p per share, which is 21.6p, so they certainly owe us. NRR was the only company I kept that suspended dividends, taking a big loss on the ones I sold was the best thing I ever did, as putting that money into other companies at their lowest price has produced a massive yield on those, and a large paper profit should I choose to sell.
When a company like REL/Real Estate Investors can keep paying a dividend and then reward shareholders with a large final dividend, then I am certain NRR can.
Having said that, I have no idea why the rumour was started in the first place. I don't think NRR has ever mentioned it.
Agree with you on Hawthorn. The script dividend that is worrying people is an enforced script - as Duke Royalties did earlier in Covid, ie they retained money in the company by issuing shares instead of cash. No problem with that, it's just that a few brokers refuse to handle the shares, so the shareholders just apparently loss their dividend - which I would have thought was illegal, and easily solved, but it seems to have happened to quite a few.
With Hammersons (who I have no experience of it seems the offered a much higher script dividend OR a low cash dividend, so I assume some brokers just didn't give the script option to shareholders, so the lost out.
Krustys News .... there is no news. Personally I'll wait for the official announcement, which will 1p dividend going ex on around 1st. July.
No I wasn't a shareholder, which is why I believe I was scaled back, which as I said earlier, is fair enough. In the two previous PB offerings I took part in, I was already a shareholder and got 100%. From what I have read on here it looks like shareholders got their full amount.
Allocation through - just over 68 percent, will buy some in the market now to make it worthwhile - and will probably stick to buying in the market in future.
Yes, I had that immediately Ben, I think it just means they have accepted your application.
Not me @Fishboy1000
It puzzles me why some trusts keep quoting cuts in dividends affecting them and threatening dividend cuts themselves. The Covid drop presented some wonderful opportunities to massively increase yields, why didn't IT's take advantage ?
I only usually invest in quarterly dividend paying companies these days. As Covid hit I dumped the companies who suddenly stopped paying dividends or made dramatic cuts, some at a big loss, others at profit, That gave me a pool of money to top up other companies who weren't as affected. Simple result is that I quickly regained any losses and have a host of companies now paying me a 10% yield because I got in at the bottom. My last three quarters dividends have been absolutely amazing, and I have companies where I am 60% in profit. For the first time in 35 years, I feel my portfolio is exactly where I want it.
OK, Investment Trusts have much more stock to sell when there is a fall, but surely they didn't all sit back and do nothing ?
I think @aandi highlights a great point - I used PB twice earlier this month and after a few initial difficulties I was full of praise for them. This time, the PB offer brought my attention to EQT, a company I didn't know about but looks intriguing. (I usually now only invest in quarterly dividend paying companies).
But this time I haven't heard a thing, like several others - and in future I will look to buy via my broker just as PB brings the price down. Ok, stamp duty, £5 trading, but at least I know where I am, don't lose money for a week, and I can get the shares in my ISA. I would buy in tomorrow morning, but I probably still won't have heard from PB, and I have a feeling EQT will rapidly rise, instead of fall further.
Worst that could happen is that Temple_of_Doom profits from trading a company that was a dividend favourite.... and carries on bragging about it, as in DEC.
Closely followed by a near halved dividend, the investments not being what we signed up for, and the fact that the price is already plummeting.
Vote against the proposals, collect the next dividend, sell out, and block ToD before he starts getting clever.
Duke Royalties paid out script dividends over three quarters due to Covid and needing to preserve capital. I-Web (Halifax) credited them without any problem, and I can't recall hearing of any broker who refused.
@email - I do hope that you have made the maximum amount of fuss over Fidelity. If it were me I would probably be sat outside their offices with a placard, and posting on every forum I could find. Is there anything in their terms and conditions ? Afraid I am not knowledgeable enough to help, but I would certainly recommend taking things as far as you possibly can. I left HL because of their pompous, superior attitude, and am with Iweb and XO now, because if all brokers are as bad as each other, you may as well be with the cheapest. Try writing a factual report on Trust Pilot - that has had a few positive results for me when it comes to dealing with companies who think they are too important to see common sense.
Thanks for the comments guys. Pleased I am not alone in my thought. We are showing a 19p drop today, just because of a UT of one share at 347p. Someone trying to spook us ? At the moment I am thinking of reducing my holding after the next ex-dividend date and seeing what happens over the next few months.