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Falky,

That article is over 2 years old!

Falky

So when ARGO gets wound up all shareholders get issued with JHI shares. What you going to do with them? You cant sell them as JHI is a private company and their shares are not listed on any Stock Exchange.

"Assuming completion of the LAA and the Cancellation, the Board has concluded that it would be in Shareholders best interests for the Company to be wound up and for the JHI Common Shares to be distributed proportionately to the Company's shareholders on the register of members at the relevant time. Shareholders will be written to separately on this in due course to provide further details and to seek Shareholder approval at a further general meeting of the Company for the Company to be wound up and a liquidator appointed.

Shareholders should be aware that following the Cancellation there will be limited opportunities to trade in JHI Common Shares as JHI is a private company whose shares are not listed on any stock exchange. Furthermore, any transfer of JHI Common Shares will be subject to the approval of the board of directors of JHI in accordance with JHI's constitutional documents."

And your saying the shares will be worth 4p each......lol.

"JHI value the JHI Common Shares at USD 0.71 each, which equates to USD 6,012,152 for all the JHI Common Shares to be issued to the Company pursuant to the LAA (£0.582 per JHI Common Share and a total of £4,928,271 using an exchange rate as of the 15 December 2022 (the date of the announcement of the proposed transaction) of £1.00 : USD1.22). The value of the JHI Common Shares together with the cash consideration equals approximately 2.23p per Ordinary Share (a premium of approximately 27% to the closing share price of the Ordinary Shares on 14 December 2022).

The Directors have reviewed the basis of the valuation being applied to the JHI Common Shares for the purposes of this transaction and consider it to be appropriate."

https://www.londonstockexchange.com/news-article/ARG/proposed-sale-of-pl001-interests-and-cancellation/15940701

After 111 trading days, buyback complete to date:

Total shares to date.....................................................3,627,146,483

Aggregate cost to date... ........................................... £1,677,715,303.67

Average price paid to date..........................................46.254p

Percentage of £2 billion buyback completed............83.89%

"As predicted, 43p ....IMHO-DYOR"

You predicted 42p or 43p 🤣🤣🤣🤣🤣🤣🤣

"The sp could go to 43p or 42p from now on"

No s h it Sherlock 🤣🤣🤣🤣🤣🤣

"Let’s dive into the list: of the 11 companies that make it into our select screen (see methodology below), eight have reported earnings. Of those, four held their dividends on an annual basis – British American Tobacco (BATS), Schroders (SDR), GSK (GSK) and Unilever (ULVR) – while Lloyds Banking Group (LLOY) and Reckitt Benckiser (RKT) increased theirs."

https://www.morningstar.co.uk/uk/news/111721/top-ftse-100-dividend-paying-stocks.aspx?

Of the 8 who voted for a raise, 2 wanted a raise of 50 bpts, 6 wanted 25 bpts.

Vote 8 in favour, 1 for no change.

The only trader that is running around like a headless chicken is the one who has been telling everyone he would not buy before 39.5p and then buys at 42.107p 🤣🤣🤣🤣🤣

What's your target price on your 42.107p buy?

So what changed your mind from 39.5p?

I filtered Carltit yesterday....only person I have ever filtered but absolutely pizzed of with his warped comments. Glad I did looking at the green lines on my screen today.

Looks like the SP is going to be sub 43p when market opens tomorrow morning with ex dividend drop.....and could go even lower if BoE MPC spook the markets later in the day with rate decision. Surprised there was no buyback yesterday given the SP was lower than it was on Monday when there was a buyback? Interesting to see if there is a buyback today with the drop? gla

Nige 2 - Coutts 1 (AET)

👍

See Gate13Boy post this morning at 03:50, he has copied some of the article. The article is too big to copy into 1 post.

Carltit

I have sold nothing. You were suggesting someone sold Lloyds shares today. That person did not sell Lloyds, he sold a few HSBC today.

"even the biggest Landlord Lloyd’s fan boy sold some."

Sold some HSBC.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.

Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month. This will provide further time to assess the impact of the increase in interest rates to date and the economic outlook.

https://www.rba.gov.au/media-releases/2023/mr-23-19.html

Farage says Coutts will allow him to retain his bank accounts.

Former Brexit party leader at centre of ‘debanking’ scandal insists on compensation and face-to-face meeting with bosses.

Nigel Farage, the former Brexit party leader, has revealed that Coutts has offered to allow him to keep his accounts at the bank, in what would amount to a full climbdown by the embattled institution.

Farage is in talks with Coutts on the issue but said he still wanted to know the full truth of why the bank decided to close down his accounts in the first place.

He said on his GB News show on Monday night that Coutts, a private bank owned by NatWest, was prepared to reverse its original decision on “debanking” him.

“The new chief executive of Coutts, Mo Syed, somebody who has held very senior positions within that bank, is now the boss and he has written to me to say I can keep both my personal and my business accounts,” Farage said. “That’s good and I thank him for it.”

Farage added that the fight to find out why he was being thrown out of Coutts had taken up a lot of his time and cost a lot in legal fees and that he wanted that money back.

https://www.ft.com/content/2ccd6eac-d56b-4d86-8373-37772b3776dd