Member Info for Gerry557

Just looked at the HL site. I noticed there is a performance fee.

I'll climb back onto my chair now :)

RDP,

Yes it's terrible when this happens especially with such a tight timescale. I would have a second thoughts about how to minimise the situation. Sell your current shares to get the 10p ones, loan some money. I know these aren't great options but might be better than missing out.

Anyone else think of better alternatives.

I was just searing for examples like that.

I have received the corporate action. I can confirm holdings in an ISA will allow you to fund and purchase the 10p shares in the ISA wrapper subject to having sufficient headroom in your allowance.

My account needs to have cleared funding by 14th July

That sounds hopeful. Via chat, my broker said today or tomorrow to issue the corporate action. That should confirm.

Well nothing from by broker yet to confirm exactly the stance. Im hoping it gets sorted by end of today as the deadline is quite tight.

I think some with Interactive Investor might be getting some inside the wrapper. Maybe someone how has had a corporate action notice can confirm their brokers stance

"Ordinary Shares acquired by a UK resident individual under the Open Offer are not expected

to be eligible to be held in an Individual Savings Account (“ISA”)." page 127 of the prospectus.

I hope that isnt quite accurate but I will have to wait until my Broker put out their corporate action with the full details.

Jonathb

The offer is fully under written

Etotheipi

So valued at £647.8 million with 1,620,886,404 Ordinary Shares. So 39.97p per share possible once done with NTA per Share of 56.4. Allowing for the 40% LTV brings it to 23.98p.

So close to your 24p

Mentasm, isn't the 1.2p per quarter so was 4.8p annually.

It's "15 New Ordinary Shares for every 7 Existing Ordinary Shares" not 7 for 15

Hopefully you will have a tiny bit longer than the National Grid placing timetable to get over the pain.

Bought some of these today from a sale of LIONTRUST EUROPEAN DYNAMIC.

This was mainly for the better dividends. The performance wasn't too different but the Liontrust took over from a previous income paying fund.

Divi not due till next month and give them a day to update the systems. The action only takes place from today.

The rest is a rant based on your lack of understanding

Denby69, I assume it will come from the taxpayers one way or another. I suppose more worrying is where are they going to keep getting money for running and investment over the longer term.

Usually there are higher priorities for spending

The labour party do look at their site

How did you get to that conclusion?

Because NG. Have just stated it. So it's looking like the placing will increase the share base but the dividend in cash terms will remain the same. So dividend per share being rebased to a lower amount as its going to be spread over the increased share totals.

The question is what is the new blended share price based on the 7 for 24 placing. It partly explains the drop today

It looks like a dividend cut in the offing too

Or .....................

Water firms seek to raise bills up to 91% to prevent sewage dumping

Danielh, I'm not sure what you think I got wrong. Vodafone are not going to increase the dividend because the yield falls to 3% if the SP happens to rise. The board doesn't provide dividends to match a yield, its sets a level in cash terms and then the market adjusts the SP which adjusts the yield as you described.

Hopefully the SP doubling will be due to better performance which might allow the board to up the dividend in time based on that improved performance but its not a given. They might prefer to reduce debt. Additionally the SP might rise for different reasons such as a buyout rumour. I very much doubt that that would lead to a dividend rise that gwm121 is hoping for.

Normally the board set a policy and review the performance and announce at the finals. So the answer is still no to further guidance.

From memory isnt this a second cut in just a few years so the trend isnt a friend