Member Info for Corryvreckan1

BioMérieux are precluded from increasing their stake above 9.9% until Oct 2028, unless someone else takes ONT into an offer period before then.

As noted before, Novo indicated a total investment of £60m that would work out at a holding of c.5.3% once complete, based on recent pricing. They could easily have reached that already as they were at 5.06% two and a half weeks ago after already increasing 0.4% in just one week. The gradual drop over the last week may even be due to that previous buying now gone out of the market.

Yeah I know, was just flagging that it's not clear from the company announcements what the UK situation is, they really need to clarify that.

Apologies, in my OP I stated "assume that the usual UK rule applies of XD being the day before record date, but you can't rely on that."

UK is still T+2 so it would actually need to be that the record date in UK is shifted back one day to accommodate XD being the same as Canada, to avoid arbitrage situations with the drop being on different dates. Or is the record date the part that has to be fixed regardless of location? I have no idea anymore.

In May there was no drop on open on the 30th but it did drop 0.75p on open on the 31st. Can't always rely on that but it may be indicative that UK is now Friday XD as well. That can only happen if a company specifically applies to the London Stock Exchange for XD to be any day other than a Thursday - needs a question put to PTAL to clarify if that has happened?

See this RNS from last quarter 22nd May, about half way down (quote copied below):

https://www.lse.co.uk/rns/PTAL/renewal-of-share-buybacks-and-corporate-updates-7dnpg95u1idi6zl.html

"Ex Dividend Date for Q2 2024 Dividend

Based on new shortened security settlement rules in effect on May 27, 2024, which apply to Canadian securities industries, PetroTal is issuing an adjusted dividend timetable for its upcoming Q2 2024 dividend:

Ex dividend date: May 31, 2024 (previously May 30, 2024)

Record date: May 31, 2024 (unchanged)

Payment date: June 14, 2024 (unchanged)"

--------------------

Canada, the USA and Mexico went to T+1 settlement from 28th May this year, so their XD and Record dates are now the same. What's not 100% clear is how that translates to the UK and PTAL haven't clarified it, but from what I can gather the same XD date now applies here as well.

Financial data providers such as HL and other brokers, DividendData, media services, etc. all still assume that the usual UK rule applies of XD being the day before record date, but you can't rely on that.

There's a few of them posting on here, but Nurse should be along soon with some of those special 'sweets' ;o)

Further indicative example only - due to yesterday's improvement along with drops to other companies around the 'zone', if the decision had been based on last night's closing prices then EZJ would remain in the 100 at a closing price of 478.80.

But it wasn't and anything can still happen before Tuesday close.

This platform doesn't support pictures in the chat pages, but if the chart is on something like tradingview.com then you can often save the chart and then post the link here.

p.s. Nessie says Hi and would like to discuss royalties for using her name...

News release states "indicative" and "Final index review findings are released on September 4, using data from a day earlier."

Still need 480+ next Tuesday, and likely now even 500+ to be safe IMO. All still in play as recent upward trajectory boosted today :)

Yeah, £5 would almost certainly see them stay in the 100. I think the current situation is mostly macro - SP has been gradually ticking up since 'Ryanair' on 22nd July and since the macro induced market wide drop in early Aug, so the trajectory is there but obviously now we need to see the impact of this weekend's events and oil price.

Too early for that IMO, the FTSE decision is not made until next week so still time for a possible late surge, and it also depends on movement in the other companies around the drop zone. Doesn't look like anyone is likely to be automatically promoted from the 250 so EZJ not likely to be forced out, so will all come down to the list at close on the 3rd. Possibly an SP around 480+ needed so demotion is certainly possible, but we're not there yet.

Changes not effective until 23rd Sept so it will depend on the rules for each individual fund as to when they can and cannot change their holdings. If 100 trackers are unwinding then just as likely 250s will be accumulating and some of that is done off market.

But there is evidence to suggest that companies moving down an index often outperform those moving up in the short term afterwards - the TU in October will obviously be key now.

PabloHorse - the trading update is non-regulatory and EZJ normally just put the regulatory items on their website in advance. As they usually do issue the TU mid October as you say then no reason not to expect it again this year, and it is normally quite detailed as far as TUs go. They maybe don't even have a firm date for it themselves yet but likely c.10-17th.

BillNN - GTE is Main Market listed on the LSE, rather than AIM as i3E is. The wide spread is mainly due to current low liquidity but that 'could' narrow considerably once c.5.8m (1.2bn / 207, ignoring Canada listed) new shares are admitted.

Some brokers that offer overseas markets may allow you to 'cross border' your shares so that you can trade on NYSE/TSE instead if you prefer. They arrange that through the Custodian they use and it likely attracts a fee.

There is also the Mix and Match option in the deal to request an exchange for cash upfront instead of your share element but that depends on the offsetting arrangements, i.e. how many others also request that vs how many want more shares instead of cash so no guarantees on anything there, but worth applying anyway if you don't want the shares (see note 10, page 32).

Perhaps of slightly more interest than someone entering the wrong number in a spreadsheet is that their Solvency appears to be running well ahead of their risk range for a while now. Expected to some short term volatility around the target range but don't want to see that getting entrenched. Deploy the capital for growth or I'm sure that some needy shareholders will gladly take it off their hands ;o)

Material discrepancy picked up by audit, needs to be reported as soon as known. But it is just a reporting discrepancy rather than of material concern to the company operations.

"Autotrak...whilst also servicing festivals & outdoor events and construction related industries for a client base of more than 165 customers"

I wonder if this is being done to help ADF broaden their offering away from Film/TV while there is still a gradual recovery in process in those industries, in addition to their larger Group objectives for the future?

21 million new 50p placing and retail offer shares expected to be admitted 10th Sept after GM to approve on 9th - ain't nobody paying 67p or anywhere near until well after they are cleared harry. At least it could put a floor under the SP in the short term, depending on how market views the acquisition and also the Interim results which should be out in Sept as well.

Those are the dates on the M&G website, per the link I gave below.

The dates on dmax are nonsense, just a wrong 'guess' based on the calendar progression from last year, as they always are until they update them when a company issues an RNS.

Conf call:

A call with analysts and investors will take place at 0900 (BST) on 22 August 2024. To register for the live audio cast (listen only), please use the following link: https://events.q4inc.com/attendee/957232110. To register for the live conference call (option to ask questions), please use the following link: https://registrations.events/direct/Q4I259835.

Also now confirmed 2nd Oct for HY Results.

No mention of Courir so perhaps still in limbo pending discussions with them.

My first para should also have noted that most would be cancelled before XD date so no longer even on the register by then, leading into my second para.