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The conversion calculator uses the share price on 4th April which happens to be 423.3p .it's just an example. There is no loss on conversion . The share price is moving up, and you have sold making the wrong assumption that the 423.3p is fixed already. You have to estimate the post consolidation price based on the new yield. Mine is 4.60p on 13 May and 4.80p on 16th May and £5 afterwards in say early June .
Google showing 444.30p which is a couple of pence above the close . Same thing happened yesterday.
Still think about 460p on 13 May is a reasonable target. Then 480p on 16 May. Above £5 once the B cash gets reinvested.
GL
Yes , if I use the B shares money and repurchase the same shares at the same price within 30days, I defer the CGT , If the price moves up and I get less shares , then the difference is a small loss , If the price goes lower and I get more shares than I originally had , i make a small gain , I assume the 30 day rule is applicable imv ,
Some say to sell all on 13 May and repurchase on 16 May and avoid the delay in B shares cashflow , but I think the price will jump on 16 May so I’m staying in .
Your correct SCSC , I’m thinking the same and the approx 31p has already been confirmed .
Any non Isa CGT concerns are mitigated by the 30 day rule , so just buy them back when the B shares money arrives.
Most of the concerns I read on here are based on incorrect analysis and so they make the wrong decisions .
Let this play out , Some seem to think moving from a 5% share to 7% won’t budge the share price higher. But I think this will trend to £5 .
Aviva is typically a £4 ish share price , we are already at £4.35 plus div of 14.7p so almost £4.50. 50p gain and more to come , Brokers indicate £4.80 to £5.20 , which is a decent amount of wealth creation . Ideally we want to reach our post consolidation price before the 13 May .
Plenty of long term shareholders are happy with 5% dividend yield, which is about to change to 7%. The purpose of this transaction is to attract more income seekers and push the share price nearer to £5. I actually think we will add at least 5p each week over the next month.
Better to pre-buy any shares now , if you want to keep the same number of shares post consolidation imv. I've bought as many as I can.
Price is £4.3250.
There will always be some people who entered a lower electric and gas reading on the 31 March 2022 rather than their real data.
Probably best to use the recent Brokers tab to get guidance of where this will land.. currently 480p to 530p
31p/430p is a a fantastic 7.2% yield.. LGen at 6.59%, so also indicates 470p target minimum post consolidation. If we look a year ahead at 33p , then that's 7.67% yield , or 500p target..
Looks like investor fatigue to me if your not holding until post consolidation.
"It all just seems a waste of every investor's time, leaving some open to CGT at a time they did not choose." **************************************************************************************
Why worry about the CGT if your lucky to be in this position.. Just buy them back within 30 days.. using the 30 day Bed Breakfast rule.. If it costs you more to repurchase the same shares, you'll be registering a small capital loss and equally if it costs less to repurchase, then you'll be registering a small gain.. If it's exactly same replacement cost.. then your fine..
The CGT isn't an issue imv.. What's important is that it's not a dividend so no tax to pay especially for non-isa holdings.
Surely if you expect the shares to rise , buying 10000 shares today at £4.30 and aiming for £4.50 by the 19 May gives you enough profit to offset the loss you have calculated plus you get a chance to win more on the 19th if the markets move the share price higher at the open due to the new higher yield
Bought more at 4.28p today.. 31p/428p is 7.25% which is excellent.
428p plus 14.7p div is 442.7p/ .. Out of interest we were 444p prior to going ex-div and at 431p today we were slightly ahead.. which is a very good sign..
7.25% is better than a 1% savings account as I expect the Aviva share price to trend upwards given the post consolidation yield. GL.
We know the next annual dividends.. about 31p and 33p. and the activist calculates the Company could pay out up to 50p/yr. so think we are ok.
In the meantime, it's just us small chips wanting to be big potatoes.. only 5 weeks to wait.
I believe this will trend to 460p in the weeks to 13 May.. Yes, between the 16th and 31st May , there is a chance the SP will go higher and the B shares money will have to pay a higher price.. but at the current ex div price of £4.26, the yield is 7.3% so I have bought more just now..
I take on board the posts about these deals not going so well, but the same dividend pot divided by fewer shares indicates a higher price in the future.. Even ABDN pays 7.03% today.. so AV at 7.3% is oversold.. A 6.76% yield would indicate 460p . Must admit I think £5 plus all day long once the big boys get their B cheques..