Member Info for Corryvreckan1

This is the only official source of dividend dates, from the company themselves - scroll down a little way to the headings "Dividend timetable/Dividend history":

https://www.mandg.com/investors/shareholder-information/dividends

The Interim results are out on the 4th of Sept and they will include the declaration and confirm the XD and payment dates, but they almost certainly will be in line with the provisional dates in the above link. Until then, nobody knows.

If it's not on their website, or in an official RNS, then it should not be relied on. Same goes for any company.

Nope, completely separate to Oracle, they already correctly announced their dilution on 9th Aug (still have same number of shares as at IPO in 2021).

Looks like EIT Oxford Holdings were maybe incorporated as recently as March 2024, so yes quite likely they took a large chunk of the 25m shares from the Brokers that were involved in the recent placing, and then topped up after. Interesting that they have chosen to only just cross over the 3% reporting threshold (by c.38,000 shares) and make themselves visible, rather than stopping just below.

For the previous payments the conversion was done early to mid month as they need to have sterling in place in good time to allow Computershare to make the payments by the due date. It may come down to any rate cut expectations in September - The Fed are generally expected to cut perhaps 0.25% on the 18th (7pm), BoE are on the 19th (12pm) but not certain of any cut by them. Conversion may already have been done by Prax before then though. Inflation and non-farm payroll data ahead of the Fed meeting will be key. Macro's gonna get ya!

The payment date is Monday 30th September.

Most are marked as OTC, so done away from the stock exchange and then reported in for transparency. Possibly some kind of fund rebalancing exercise going on and the algo on this site can't cope with it so just marks them as unknown. They're of no importance to anything.

The algo on this site has been getting more and more suspect recently, sometimes doesn't want to follow the usual rules.

Interim results to 31st July are due on 2nd October so we should get an update then, if not before.

Anything concrete will be in an RNS as soon as it is agreed, not held back for a Q&A. Those two may end up coinciding but it will be in an RNS first.

On the potential timing of a move to the higher CC (Commercial Companies) listing - the main current restriction on that happening is the LAT shares which mean ONT doesn't meet the eligibility rules around compliance with the UK Takeover Code. When those expire on 5th October ONT can cancel them and that removes that restriction.

The Board then need to decide if the change to the CC category is in the company's interests (it's not automatic). There are some additional costs and admin involved, although less than there was before under the old listing regime, and I think they still need to issue a prospectus (need to check that) covering the key points.

For inclusion in the December Index review they would need to complete everything, including FCA approval, between 6th Oct and 6th Nov to be eligible. So that's maybe a bit tight, but if they are already considering the possibility then they could start preparations (admin, legal, etc.) in advance. Otherwise it would be into next year. I don't think they need shareholder approval to move up so that would avoid the need for a GM resolution.

Will they make the decision? I suspect they might given the increased visibility of a FTSE 250 listing, but that's up to the Board to notify if it's happening. There is currently no time limit to remain in the Transition category, although the FCA have indicated that may be reviewed in future years.

Good summary of the key points, although I think your numbers are a bit out. The first line in your second post contradicts the first post.

They had already acquired an additional 2.3m shares above the £50m placing by 5th Aug, likely taking advantage of the opportune price falls on the 2nd and 5th after being informed on the 1st that their placing subscription was scaled back.

The next 3.6m shares were then acquired over the following 5 days, and while we will never know how much they paid for any of the additional shares after the placing, 120p is certainly a good rough average of market prices over that time to work with.

That would leave c.£2.9m to invest which at recent pricing may be around 2.2 - 2.4m additional shares, if they are still accumulating at this time. That would take them to around 5.3% so no further TR-1 required and we won't know if/when they have completed their investment unless a voluntary comment is made, perhaps in the HY results on 3rd Sept although that would be unusual?

A company balance sheet is akin to a communist state* - the original bike you are selling is also partly owned by all your neighbours as well, and you also own a small part of each of their bikes. So it doesn't matter how the bike is constructed, once it's sold it comes out of communal ownership one way or another.

* not a provocative comment for political debate, offered as a throw away analogy on shareholder ownership of reserves only ;)

Ssccss - just as an alternative view, approaching it from the opposite direction – the share incentive/SAYE allocations were always going to happen and the schemes have been in place for many years, so already expected and priced in by the ‘market’. The buybacks are more recent and in addition to the other schemes operating, rather than contradicting their purpose, so the buyback should still offer support to the SP in the short term and, in theory, an appreciation over the medium-long term? Hopefully.

I think it's because the two schemes are run under different shareholder authorities so they need to be managed and reported independently of each other for full transparency (and possibly to comply with Companies Act, but I haven't checked that far). Also the buyback is run completely independently to the company by the authority given to Citigroup.

So, yes it does appear to be inefficient but them's the Regs so here we are :/

US retail sales are due at 1.30pm UK time, so watch for movement before NYSE opens.

Because they held the shares from IPO there was no 'previous notification' by way of TR-1 so nothing to enter in that field.

It's a quirk and maybe not the best way to produce these forms, but that's why it's important to read the whole form, including any notes that sometimes appear in section 11.

We knew that there was dilution from the Novo issue on the 5th, which is the date of change stated on this form, so these forms were to be expected around now to show that dilution for several original holders.

It clearly states in section 2 that its a dilution, G42 haven't added any shares since IPO nearly three years ago. The exact same as the Delphi/Oracle TR-1 on Friday. Both of them crossed under reporting thresholds, not over.

People bought into the hype on the 1st Aug, as many always do, and then got caught out when global markets went into correction later the same day. SP is now slowly ticking back up, again in line with the market volatility stabilising since then. In the meantime Novo have picked up 3.6m of the extra shares they wanted from those who were panic selling or got stopped out.

Standard market dynamics that apply here the same as everywhere else.

They already said they would in the 1st Aug RNS, after ONT scaled back their shares in the initial placing. They may go up a little further, up to the total of £60m they want to invest over time.

The placing was at market price for a known total investment, balanced by a small dilution, so not expected to impact the share price in the short term.

RNS not yet picked up by this website, can read here:

https://www.londonstockexchange.com/news-article/IQAI/half-year-report/16617012

It's normal for Costain to do the Investor Meet presentation the day after results rather than same day. Variable between companies as to when they do them, some do analysts pres first then investors day after, and depends on when IM can fit them in. Personally I prefer day after as it gives more time to go through the results to generate useful questions for the Board.

https://www.investormeetcompany.com/costain-group-plc/register-investor

Courir has been in negotiation since May 2023 rather than 2024 but the notification to the European Commission has now been withdrawn on 7th August last week.

Need to see if it is now to be re-submitted in an alternative/restructured form. They had already on 19th July submitted remedies (commitments/modifications) to the initial notification during Phase I but it looks as though they may not have been sufficient/accepted.

The alternative is it may now be abandoned. If so then they will need to RNS as soon as that decision is agreed between the two parties. If it is to be re-submitted they will have to RNS if the original terms have materially changed.

https://competition-cases.ec.europa.eu/cases/M.11159

Yeah, and Construction PMIs for the UK have also been pretty upbeat for the last couple of months (and in stark contrast to the downward EU PMIs).

But...HSS are now behind the curve with reporting and providing fuller outlook for the rest of this year/post election result, others in the broader sector have had a march on that. In the absence of any other company specific news, and following the Amey loss, I think it will now be the HY results "in September" as the next catalyst. May continue to drift until then?

And if you look on Google this morning it has a dotted line correctly marked "Previous close 548.00". It always defaults to this sometime overnight/by market open, it's just not showing at the end of day.