Member Info for bbrinkw

Taken from today's RNS (re extra shares) ....

Financial close of the Financing ("Financial Close") is subject to a limited number of customary conditions precedent and Rockhopper expects this to occur over the coming weeks.

a further announcement will be made at the time of Financial Close, at which point it is expected the the Placing will proceed to completion and the previously announced open offer (the "Open Offer") will be launched. Further details on the Placing and the Open Offer will be included in that announcement.

Coral gold does not and has not made an ounce of gold, so why should it's share price rise if the gold price rises?

The c. £8 is a return of capital. The Chair recently invested £199,000 in the company. The capital return has different tax rules. 85% of Jmat is owned by institutions (Standard Investments 11%). Returning a large chunk of capital changes the market cap and thus Index funds must balance their positions. There will be a lot of algorithmic buying and selling.

Cumulative buy after market today. Well over £4 million @ 2010p per share.

With the good news expected I can only see the SP moving to 19p.

Haleon now on the lookout for acquisitions.

Make stuff like Sensodyne.

Anyone like to take a stab at what the ratio of new shares at 53p shareholders would be entitled to in the Open Offer due probably by end of this year? Handy to ensure you have the cash ready.

My belief from calculations is 1 new share at 53p for every 50 existing shares held.

Thus holding 50,000 existing shares would be entitled to 1,000 new shares at 53p - £530.

I am sure there would be no warrants. And doubt there would be any excess to purchase (or, indeed, if there is it would be very little).

Ah, 50p target as expected. Now a smoothish ride up to 100p.

Russell Index2000 to be rejigged end of June and thus include DEC which should provide an up tick in the sp.

The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer in the US equity market.

Changes are made annually (end of June).

Comparing with Aviva, is LGEN heading towards +370p with the dividend in mind. Perhaps Phoenix Holdings on the same trajectory.

Declaration Date: 29 May

Ex dividend: 05 June

Pay date: 27 June 2025

Amount: c. 1.95p (IMO)

LGEN closes @ £2.526, up on the day.

Ex dividend tomorrow so lets see how much of a price drop (and how long to recover).

EAT - ex dividend 03 April 2025 @ 1.38p

Yes, how remiss of me (talking about an interim dividend). The full dividend expected around 24p.

And a future dividend of 7.2% on today's price of 508p.

IMO, expecting declared dividend to be 12.6p.

Obviously, any more will be well received.

I'm not concerned about the next dividend. Through the new deal, Aviva can enter the car and house insurance. This increases turnover by entering another type of insurance sector. The money saved by reduced solvency capital requirements will be more than enough to buy back it's own shares in 2026. There will be high initial costs but then followed by high cost savings. This is a big merger deal and in my opinion will yield future higher dividends at todays prices.

Mark Slater of Slater Investments:

This week his holding in VLG grew from 20% to 21.1% of the company. Slater has a knack for spotting hidden value. He’s been hoovering up VLG shares for a while.

Other shareholders of note,

BGF Investments, HL Asset Mgt

River Global, Close Asset Mt

Stonehenge Fleming Family & Partners, Chelverton Asset Mgt,

Barclays Wealth,

Even AJBEll Securities have some (c. 3.6%)

VENTURE LIFE GROUP PLC will be holding the meeting Interim Results at 2nd Oct 2024 at 2:00pm BST.

CLIG - slowly but surely getting back to where the sp should be with a nice divi along the way.

Next four ex dividend payments and previous year's dividend paid in brackets:-

22 August 2024 (22p)

21 November 2024 (50.1p)

20 February 2024 (50.1p)

22 May 2025 (22.2p)