The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Afraid all the knowledgeable investors are out at the moment.
I know some companies have use this money to give a bonus to shareholders (eg Jarvis), but I presume they can just spend it on building more assets unless they have stated a purpose. ??
Agree with you Toashall1, but we were over 50p pre-Covid. I topped up at 50.75p (as well as 20p and many prices inbetween) and the dividend hasn't returned to the level it was at (0.75p). The more fundraisers they do around 35p, the less chance of getting back to previous levels.
I was going to say that the increase still isn't enough to tempt me back in - 4.3% at today's price.... but I wouldn't ever disagree with you @saintly Lxi is one of a number of my former favourite's that are now down near that 4% level, and I try and keep my average at 6%, and not buy anything under 5%. Will be looking to buy back at the next Global Crisis.
If we are correct I can see it being at 35p again. I am a big fan of the company, and it is one of my largest holdings, but I would like to see it above 50p before they start raising again Again, IF correct, they need to stop the information leak.
They will never say, they make a statement that "we are a retail broker", but in the past it has usually been because of the wording of the KIID - notably the description of the investor type. Although that tends not to change.
I have read that Lloyds Bank CEO is planning a new investment vehicle for the bank, but they seem to be trying to get investors to leave. I-web (the cheap option) have put a link on their home page for investors to close their accounts.
Halifax/Lloyds/I-web have now cleared buying Gore Street.
Disappointed with GSF investor Relations for not bothering to reply to me.
As suspected, it was a four week ban. Once they have banned dealing in a company, they won't budge until the next monthly meeting.
First time I have heard this for TMIP - it has caused a few of us problems with other companies and other brokers.
I-web, part of Halifax and Lloyds just ban all their customers from investing in anything they don't like, while most brokers give you a written test to cover themselves. Try searching for "Complex Instrument Appropriateness Test".
I passed mine with Jarvis without any problem, but I know others on this board who are much more knowledgeable than me, failed. It's annoying !
The bugbear for me is that they all happy to take your money for shares in the most ridiculous AIM oil and mineral explorers (where I lost a fortune through naivety) but they block you from investing in profitable companies.
He's calling you cheapo whiners guys. Must say I was thinking the same.
By the way, I'm ok @Jack - dividend paid first thing Friday by my new brokers, 15% with-holding tax, and dirt cheap as well. Also missed the big drop as I was switching at the time.
Thanks for asking. Merry Xmas to everyone.
Thanks sidi. Shows it is the full group and not just Iweb. It will be a problem with the kiid. Terrible that they continue to do this without even having the courtesy to inform people holding the shares. My intention was to sell the 3000 I have in my share dealing account and add 5000 in my ISA. Otherwise I'll be paying tax on the dividends.
When I have previously let companies know about this, some are horrified, some don't care. My point is that if, say, 10 percent of small investors can't buy, it has to make a difference to the share price.
Fantastic opportunity to buy at this price. Unfortunately I have way too many as it is, but certainly not selling. Be glad to get back over 50p which was the highest price I paid ... but also topped up at just over 20p along the way, so has been a real roller-coaster.
Yes, I know ! This is about the sixth time I have sold shares to top up elsewhere and have been blocked, a few weeks ago it was my biggest holding, VPC/VSL, which was rectified the day before it went ex-dividend. That was about the KIID being a year old, and I got the company to rectify it the next day, but still it took I-web nearly two weeks to unblock it. I am slowly moving my trading account over to Jarvis X-O. Had a similar problem with them last week but they rectified it within minutes. I-web is great for ISA's though as there are no charges at all except £5 dealing. But enough is enough.
I hope you realise, but It is actually your own money they are giving you back @stalin. A bit like putting £5000 in a building society and they send you £1000 back and say "we can't be bothered investing this".
There will come a point when they delist the shares to avoid paying listing fees, ie, when they have given you half your investment back, and that's when the problems start, especially if, like me, you hold them in an ISA.