response from the boss24 Dec 2013 09:33
Dear Richard,
As a shareholder of your company would it be possible to clarify the cash position of the company after the sale of Eclectic.
The market seems to have sliced the market cap by £1 this morning and not taken into account any cash surplus of the sale nor the repayment of the loan?
Any advice would be much appreciated.
Merry Christmas and Kind regards,
Simon.
I believe the reason why the value has dropped this norning is due to the fact that yesterday the shares went ex-div which means new shareholders from today would not be entitled to the dividend which is scheduled to be paid on 16 Jan,
The dividend is 105p per share