Member Info for bakerrabble

I don't think NWG's special is 16.8p. Most of it is most likely to be buybacks which together with the SD will be equivalent to 16.8p

Extension granted until 1700hrs on 18th August with provision for another if granted by the Takeover Panel.
So if 1 Squared takeover do we all have to sell and get a cheque in the post or are we going to end up with shares in another company?.

Hi Sufcessex

Sorry to be so pedantic but I think you will find that the 9.90 pence dividend is paid this Friday the 15th July

Or even "roost"...lol (if you're bothering to correct your own spelling you might as well get it right!)

Apparently there is a takeover offer from 1 Squared

Much welcomed but what is going on?

The final dividend to be paid on 24/6/22 is 7.70p so if you add that to the interim of 3.20p already paid then you would get to 10.90p for the year.

Thanks for that drcena. So hopefully we should be getting a dividend sometime later this year. I guess that this might prompt an increase in the SP since the big institutions might get interested. Does the fact that the current SP of £1.12 is more that the recent Tender Offer of £1.05 mean that those who sold have lost out?

Looking back at my records the last time First paid a dividend was way back in February 2013 at the rate of 7.62p per share. This is approaching a decade ago and I was wondering if they have any plans to resume paying them?. I did read somewhere that it was their intention to do so but does anyone know anything definite?.

Perhaps the tender offer price of £1.05 was attractive when it was fixed at a time when the closing price was 93.4p. The difference now is much less and one would forgo the possibility of dividends and further additional distributions alluded to in the RNS. Perhaps the SP will soon go above £1.05....what then?
At the moment I personally can't see any real benefit of selling, but I suppose the SP could be less once the dust has settled.

The way I read it is that the purchased shares (they hope around 476 million) are then cancelled...not kept in treasury.

Due on Tuesday 26th October 2021

Yes, definitely a scam. I have since googled the number and it's on a "dangerous" list. Furthermore any incoming calls from the USA will start ...011 44. The first 3 numbers being an international call if phoning from the States and 44 being the UK.

It would seem that Share Registers are a matter of public record although I don't know if the amount of shares held is available or telephone numbers etc.

Just had a chap (he says from the USA) telling me that his client is in the process of making a hostile bid for Whitbread and they would be offering £42 up to £48 for my shares if I wanted to sell. Supposedly they have 42% already. I guess this is a scam but has anybody else had similar?. The tel no started 001....is this a USA number?

Or even £40

No dividend has been declared so what makes you think one is being paid next week?.

I should also factor into your calculations any affect the proposed sale (if allowed) of the businesses in Thailand and Malaysia might have on the share price. If, as rumoured, the bulk of the sale proceeds are to be returned to the shareholders by way of a special dividend, (51p per share?) then one would expect the SP to fall by a similar amount.

I think it's fairly usual for one to be compensated if you don't take up your Rights. I've just got my 302 page tome from Stobart and this is not a Rights Issue, more of a "Capital Raise". See para 11 at the top of page 64...."You will also not receive any money when the New Shares you could have taken up are sold, as might happen under a rights issue".
Also on page 14 it basically says that if the Capital Raise fails then it is expected that the company will go into administration. The SP at the moment is little more than the Offer Price of 40p so I think I will be passing on this one and just hope that the company stays in business.

The Record Date for entitlements under the Rights Issue was close of business on 19th May 2020 so if you bought on the 25th May 2020 you cannot be entitled.

If you do nothing your rights will be sold and any premium obtained above £15 less expenses will be paid to you, providing the total amount is £5 or more