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Here’s another of the always useful Oak Bloke posts. From a few days ago. It’s about the opportunity with PINE.

https://open.substack.com/pub/theoakbloke/p/pine-ing-for-a-working-system?r=203503&utm_medium=ios&utm_campaign=post

Good points, but if Lithia take out Pinewood then we’re back to the possibility of non-Lithia dealers being reluctant to use Pine’s DMS as it would be owned by a competitor. Just the situation we had with Pendragon.

atb

Another article today pointing out the disconnect in TMT versus its major holdings.

https://open.substack.com/pub/theoakbloke/p/three-disconnects?r=203503&utm_medium=ios&utm_campaign=post

atb

UK smart glasses article features Lucyd frames. Decent overview.

https://www.thenewoptometrist.com/features/smart-glasses-the-past-present-and-future?xnpe_tifc=4Fx8xfQ.hfbl4I4LbdoDhMpZhfEWVjQsVuU_Ou8sEus3akocbdpLVuA1ajBlRf4Wbf7cbdiArkxJOIeu4I1pxFB.xDPsbfnT&utm_source=eBlast&utm_campaign=The%20New%20Optometrist%20-%20Issue%20114&utm_medium=email

Let’s hope it’s properly SOLD OUT rather than just having failed to order in enough stock. Time will tell.

Despite liking the general idea of connected glasses, I’m definitely in the (glasses choosing) camp of trying on before buying and currently the vast majority of outlets are in North America with just 3 in Europe and none in UK.

It is however, one of those products which, if it’s good, will expand rapidly as colleagues /friends get to see the physical glasses.

Has anyone on here ever seen a pair in use?

atb

I’ve now been paid the divi by ii.

atb

Yesterday was the date for the divi to be paid to London shareholders.

No sight of mine yet from ii.

Has anyone else got theirs?

From a few days ago on Substack:

Comment mainly on Bolt prospects.

https://open.substack.com/pub/theoakbloke/p/tmt-is-bolt-upright?r=203503&utm_medium=ios&utm_campaign=post

atb

PINE still sits atop the LSE daily risers leaderboard today.

Showing as over 700% up.

It won’t do their visibility any harm at all, despite it really only being a technical rise.

atb

Well, the Apple shares app is showing a 688% rise today. The standard systems can’t cope with the consolidation effect.

If it doesn’t correct itself, you might need to go into your HL settings and adjust the cost price (having done the maths yourself) so that the HL computer is just showing the comparison with that.

atb

Here is a link to the 30th December Oak Bloke post on Substack which gave a very good overview of the situation at that time.

It’s worth reading.

https://theoakbloke.substack.com/p/introducing-pinewood-technologies?utm_source=profile&utm_medium=reader2

atb

I for one will be pleased to get the divi (of the car dealership sale proceeds) out of the way, so that PINE can be viewed simply as a SAAS business providing software services to auto dealers. Anyone buying in from Tuesday onwards won’t have to contend with money tied up in cash about to be returned.

We will get the audited accounts covering 13 months to Jan 31st 2024 sometime before the end of May.

atb

I was a bit bemused why Lucyd would engage Micah Richards as an ambassador when so far as I can find out, there aren’t any outlets for Lucyd frames in the UK.

However, checking his personal website:

https://www.micahrichards.com/#:~:text=Former%20Footballer%2C%20Now%20Pundit.

I discover he works for CBS as well as UK broadcasters, so maybe he has a decent profile across the pond too.

Clearly someone who likes his big spectacle frames, so maybe an inspired choice.

atb

I will assume you own some shares. Closing price today is about 39p. Let’s assume no change by end Monday. On Tuesday morning the value of each share would be expected to reduce by the dividend amount of 24.5p. So each share would be 14.5p BUT because of the 20:1 consolidation each share will now probably be worth 290p ( and you’ll have 20 times fewer shares). You will also receive the divi based on your original number of shares.

So no £££ created or destroyed.

atb

Just for clarity: using the dates on the RNS.

If you own the shares at close of business on Monday April 22nd you will get the whopper dividend and any tax risk that comes with it. If you buy on Tuesday 23rd you will be buying just the (newly consolidated) shares and won’t get the divi this time round.

We might also get an AI generated news article saying the price has gone up from 40p to 300p or so. This occasionally happens if someone isn’t paying attention at consolidation time. atb.

Hopefully this link to tax site works. atb.

https://www.gov.uk/tax-on-dividends#:~:text=You%20do%20not%20pay%20tax,from%20shares%20in%20an%20ISA%20.

Well, as I understand it there’s an allowance this tax year of £500, so anyone who has already earned up to the personal allowance (approx £12,500 - from memory) can earn the first £500 of dividends tax free. Any dividends above this are taxed at 8.75% if basic rate, 33.75% if higher rate and 39.45% if additional rate.

So for most decent earners, there will be at least a 1/3 tax hit if you receive this divi.

Many would conclude that selling before xd and buying back later is a sensible strategy, assuming that you don’t then inadvertently open up a capital gains tax liability on any crystallised profit.

I will post a link to HMRC divi tax website.

Re: nominee platforms showing incorrect gain or loss. Usually you can manually adjust your cost price on the system so that in future the numbers are correct. atb

Hi, if you read the RNS from 5th April, you will understand better. You’ve already bought your shares. Once market closes on 22nd you lock in your entitlement to 24.5p for each current share. At markets open on 23rd the number of shares you hold will have been reduced x20. eg, if was 1000 shares now will be 50, but you’re still getting the 24.5p divi based on your 1000 shares. Hopefully you’re holding PINE in a tax wrapper otherwise the jumbo divi might incur a tax liability at year end.

The assumption is that net of the dividend the share price will multiply by x20 as well, so somewhere up around 305p based on today’s close. atb

I just looked up the UK tax free dividend allowance on HMRC.

Amazed to see it’s now only £500 per year.

Above this the tax kicks in.

It’s 33.75% for a higher rate earner. Ouch.

Hopefully most have theirs in an ISA or SIPP.

atb