The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If you have to wonder what they think of their shareholders then you obviously haven't done your homework, their only thoughts regarding shareholders is to how much of the shareholders money the BODs can they move in to their pockets. The competency of the BoDs running this company has been clear since the complete mess they made of the original DISH concept.
Of what exactly????
Yeah, and also much lower. If it does actual trade again.
Seems to me you are the one who's not too bright and doesn't know how the market works. If there's a buy/sell order for 106 shares then when that order is completed it is shown as a trade of 106 shares.
Total equity = 856,208 of debt and no assets!!
Because they would lose!
Currently just a cash shell (with relatively very little cash) with a BoD whose reputation over the last 3 years doesn't exactly portray them as savvy business people. If they had stuck with the DISH concept and modified it to market needs the SP would probably be in the 10p range by now.
As for the proposed RTO what credible company will they be able to take over with around £300K and what will be the value to share holders? And what credible company would want this BoD as partners
But maybe the main point of concern is if the BoD are so confident of their strategy why are they not investing in and supporting their own company based on the current SP of £0.0013?
Just curious that if you have done the paperwork for reducing dividend withholding tax to 15% is there any benefit to hold DEC in an ISA rather than trading account?
IMO broker consensus are are to be taken with a pinch of salt. They will say what they need to try and sway the market to their favour.
So my holding is with Interactive Investor how do I get my divi paid in GBP?
Thanks Hukster
Have been thinking about investing in DEC but have concerns regarding the 30% WHT on dividends (yes I know even after 30% WHT the divi is still very good). Can anyone advise if their is a way to get round this WHT or even reduce the %?
Friday morning buy price quoted at 1.79p on II, put in a 24 hr limit order at 1.8p for 250k, checked this morning and order unsuccessful. Looks like S/H are being optimistic and holding.
@oldgold, not quite sure you are correct saying the paper share cert is worth nothing. As Evraz is now the registrar for its own shares could they announce a share buy back whereby if you hold share cert you could sell your shares back to them?
Email I sent to Evraz;
"I recently converted my electronic EVRAZ shareholdings in to share certificate format and after receiving your letter I registered an account with Computershare where I submitted banking details and currency selection of GBP. But I have noticed that the letter you sent to me includes a Dividend Mandate/Currency Election Form. Not being sure as to whether I needed to complete and return this form I spoke with Computershare who advised that they are no longer representing EVRAZ and that I need to contact EVRAZ directly in respect of banking details and dividend currency selection. Can you please advise what action if any I need to take in respect of providing banking detail and dividend currency selection as GBP."
The response from Evraz company secretary;
"Evraz was sanctioned by the UK Government and is restricted to pay dividends until sanctions are lifted. You do not need to take action in respect of your banking details. We have your contact details and will reach out to you if we need them. Thank you".
I have responded as below;
"Dear Sir,
Thank you for your response.
However this leaves me somewhat confused as to why your letter to share certificate holders advised them to register with Computershare, what is the reason / benefit for this when Computershare ceased to represent Evraz from 19 August?
Can you also clarify the following;
1. Does the restriction on dividend payments only apply to persons resident within the UK or does it apply to all shareholders of Evraz PLC?
2. Is there any vehicle that allows share certificate holders to sell their shares or do the same restrictions apply?"
From the above Evraz reply it appears that registering with Computershare does not provide any benefit and that all share holders of Evraz PLC will not receive any dividends or be able to sell their share holding until sanctions are lifted.
To all posters who are stating Computershare are show all your holdings and bank details etc. well of course they are, you registered an account, gave them your SRN and provided your bank details. But it is irrelevant as Computershare informed me that they ceased to be the registrar for Evraz on 19th August and that Evraz is now directly responsible for all share holder register and providing communication. If you have any concerns or doubts about what I've posted I suggest you contact Computershare for clarification.
Read that too and it does make it clear that Computershare ceased representing Evraz and its shareholders on 19 August. What it doesn't make clear is why Evraz sent out letters up to and after the 19th instructing investors to open an account with Computershare. Also it doesn't provide any information on how to provide bank detail and currency selection mandate directly to Evraz. As advised on their website I have tried emailing the corporate secretary for clarification but only got a mail undeliverable response. Will try again this morning and also send to their IR dept as well.
Hi Dan,
I requested my share certs from Interactive Investor on 12th August and received within 1 week with the Evraz letter arriving on the 23rd (post dated 22nd). I think this is what is causing the confusion, why did Evras send this letter when they knew Computershare would cease representation on the 19th?
Hi All,
I am like many of you an investor in Evraz and concerned what the future holds in respect to my investment. I opted for share certs for no other reason than I have something tangible and after receiving said certs registered an account with Computershare as advised within the letter from Evraz. Those of you who also registered with Computershare will know that part of your profile entails providing bank details for dividend payment, but that also contained within the Evraz letter is a dividend currency mandate form. Being somewhat confused as to whether this form needed to be completed and returned I called Computershare today for verification and was somewhat surprised when told that they ceased being representing Evraz on 19 August and could not confirm if my bank detail and currency selection had been passed to Evraz and that I should now contact Evraz for clarification and all matters related to my shareholding. When I queried why Evraz's letter instructed all to register with Computershare I was told that this has caused a lot of confusion as the cut-off date was 19 August and anybody registering after this date would not have their details passed on to Evraz., nor would Computershare be providing any Evraz shareholder communications after this date. So I am now one of the confused not knowing where to go from here. I have sent an email to the Evraz shareholder corporate secretary asking for clarity, will wait and see what response I receive, if any.