Member Info for Gerry557

Sp has been drifting down lately now sat on 1500p. Is this all due to the CMA and election? Im not sure but that divi yield is starting to look attractive again at 5.8%

Looks like the placing will keep these subdued for a while. I see its going to be split to allow some to be acquired in the new tax year. Make sense I suppose, allow NISA investors in.

Forgive me if I have made an incorrect assumption but it sounds like your shares are not held within an ISA. If so it may be worth looking at opening a cheap online broker, something like Iweb. You could even transfer the rest of your holdings over time. Mrs Glenmist would also have an allowance too which might help planning and you can keep each others tax free allowances as we pass on. (one of the better ideas) Of course if you have a shed load of other shares using up your allowance I'm sorry for wasting your time. I got the impression you were a bit of a buy and hold type investor just allowing your shares to accumulate over time and that you might want to rebuy the shares that are being sold for you as part of the deal/consolidation process with your new cash. Only a thought!

Well the drop didnt last. That amber warning is now glowing green. I cant bring myself to sell even though I now have a green light. Taking the dividend is like selling a bit, well 6.5% of it. I wont be reinvesting that divi back here right now so it will be off to the pot awaiting the lights to go out on that spreadsheet or for a top up else where. With all those green lights appearing I am wondering if the market is starting to get a bit frothy

Quite an up tick in the SP for this sort of share. I wonder if there is something in the offing? Cant find anything

Its not to avoid UK taxation. The company will pay all due taxes anyway. It normally allows the shareholders to choose an option of taking the cash either as income or capital and depending on your own tax situation you can choose the one that is most tax efficient for yourself. Not an issue in an NISA but a consideration for higher rate tax payers as the rates of tax differ depending on how you choose.

Are we now heading for a double bottom bullish reversal? ______________________________________________- I not sure I know what that is. Sounds like an up coming buying opportunity. I hope so too

Yes I do mean you will have less shares. eg if a company has 100 shares @ £1 and sells off 10% of the company each share would be worth 10% less 90p To keep the same SP, normally a consolidation takes place and the new company will now have 90 shares at a £1 (same value as 100 @ 90p.) You also have the cash, the return of value of 10p again matching the value you started with. To get the same amount of shares you started with you need to by back the shares with the new cash you now hold, assuming the value doesnt change in the mean time

Typically the SP will fall by the dividend amount. Often the company likes to keep the SP the same so will do a share consolidation so the price does not drop but the amount of shares you hold does. Look back at Vodafone who did something similar last year. Good luck with your investment

Thank you very much. seems to make sense. Sorry to ask...what is the last day to own qualifying shares for this windfall? thanks again ________________________________________________- There is no windfall. They are selling part of the company and giving you some of your own money back. The share price rose on the announcement of the deal. The "windfall" is already in the price you pay today.

Interesting to hear a question on the dividend with a new man on the way. Currently the board have no intentions to reduce the divi or implement a right issue. Priorities are to increase capital with a CET target of 11-12% and get the return on equity to<10%. Hopefully the new man will still be on board with all this as there are some conflicting issues. Paying out bigger divis wont help the CET target etc. I suppose we keep on this tack for a while until the new man come in. Will he do a kitchen sink job? The board did talk about being acutely aware of the importance of the divi. I liked slide 5 in the presentation, "Stakeholder interests" it shows graphs of 2011-14 showing how total variable compensation (bonuses) has fallen 27% whilst dividends has risen by 25%. It looks great as long as you dont put the stakeholders share price on the thing. Lets hope everyone has reinvested their dividends then over the years to make up for the drop in SP in the same period.

I was just going to post the same comment. This normally follows with a spike in the SP.

Results again are not great but the divi is being held again. In real terms it has been falling due to inflation. Lots of accolades for its services but it needs to profit too. Its not all bad and maybe they are starting to turn a corner. They seem to think keeping the litigation monies to invest will be better than handing it back to shareholders, I hope they are correct. Market doesn't like the results off some 7% but it still yields over 5% for the divi. So were being paid to wait for the turnaround to happen. Maybe the market was expecting a bit more. I cant see myself adding more even after the drop. Market on a high and this well over its 200 day average. It was flashing an amber sell on my spreadsheet although I expect that to clear after today's events. So back to sitting on my thumb and collecting the divis

Cash only ...... but cash is king! If you want more shares you will have to buy them. You could buy more now and increase your holdings before the deal then take your cash later and a "reduced" share holding that will enable you to end up with the same amount of shares as today, unless you think the SP will be cheaper post the deal. In theory they should be worth a tad more post deal as its supposed to be EPS enhancing but Mr Market might have other opinions by then. Its a pity it is so high right now as it makes the decision so much harder

valuation is only 1.5x. The Nav has only risen a tad but your right good yield. This has raised more capital on the way remember. Looks like it wants to keep doing this, paying increasing divis and reinvesting the surplus into more capacity

I too was in Vod and did make a profit on the deal ..... cos I was holding before the announcement and my shares jumped in price. Its too late now to do the same here ....... unless Mr Market has a wobble. Even so this deal will support the SP. The real question is what to do with the cash? Buy more before the deal, invest after the deal or give it some time to settle down and hopefully it will drift lower or a bit of all three

In answer to my own question, I did. "A fractional entitlement will arise as a result of the Share Capital Consolidation unless a holding of Existing Ordinary Shares is exactly divisible by 11. These fractional entitlements will be aggregated into whole New Ordinary Shares and sold in the market. The value of the fractional entitlements will be paid (net of expenses) as part of the return of value payment."

Post the RoV, the consolidation is set at 9 for 11 shares. I assume they dont expect the SP to move too much then as this appears to be "fixed" not based on the SP at the time or a period of a few days average leading up to the process taking place. Or have I missed something in the detail?

A mixed bag of results with some of the ESP figures down but profit up and debt reducing on LTV. Another year where the divi has been held also but it appears that monies are being reinvested for the longer term and car parks seem to be a way forward. Some of the reductions appear to be due to sales again to be reinvested elsewhere. Opening a London office! I liked this because it wasn't based on London so something to watch going forward. Hopefully they will stick with Yorkshire values and not get taken in by the bright lights. If property continues to rise this should do well but I would like to see a growing divi too

Wisper17, not sure which IPO you mean. GSK were talking about spinning off a division. Is this what you mean?