George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Trouts is right, and just to add, if you sold today you would get the dividend. It's the XD date you need to look out for, not the register date. It's usually the day before, and usually on a Thursday on the LSE fyi.
Notrex, is this a five-minute argument or the full half hour? lol
Nothing from HL yet, perhaps they're still scratching their heads?
The LSE DEC Discussion Board seeks the following:
** Volunteer **
(a guinea pig, shall we say?)
Someone who is happy to give up some, or all, of their entitlement to the latest dividend in return for the tender offer.
- You may receive more, or less, than those shareholders who opt for the cash alternative.
- If with The Halifax, you may end up tendering your entire shareholding for an unknown amount, except you won't because the company can't afford it.
- You may, or may not, have to pay 30% WHT (in some circumstances 15% with a valid W8-BEN) on the monies you receive.
- You will be bombarded with questions from fellow posters regarding your entitlement, once paid.
Suit someone of an adventurous nature who really doesn't need the cash anyway.
Whilst the job is unpaid, you will be forever referred to as "the poster who solved the riddle".
In the unlikely event that more than one person volunteers, candidates will be invited to complete a report explaining the difference between the cash & tender offers in no more than 5,000 words.
Another carppy day at the office, might have to go on the SIS board & re-read the RNS about Moon being put on gardening leave, cheer myself up a bit.
OK, think I'll just take the cash. Thank you.
I guess this page will have disappeared (like the company) by next week, so farewell fellow "Beevers", enjoyed the ride whilst it lasted. Good luck with your future investments, whether they include TPFG or not. K
Ha ha, good work Sam! The new NED has been buying a few too which never does any harm. Let's hope the positivity here continues, we could certainly do with a boost. Off topic, I'm in LGEN for the dividend but holding tight for now ahead of the inevitable re-rate once interest rates start to fall, hopefully later this year.
Looks like we're destined for the recycle bin, unless a white knight steps up & makes an offer. Over at API they've had a bid from CREI and also interest from SHED but I'm not expecting anyone to rescue TENT. I'm not convinced a firesale will deliver the true NAV here so it's not a great picture IMHO. Who knows what's round the corner though if they can hang on long enough for interest rates to turn?
Thanks David, best example I've seen yet. Just one question - if they're going to pay 5% more than the £680 in your example, how does that fit with the $42 million & not a penny more commitment?
I hope DEC are employing a team to explain all this to UK brokers because if the Halifax has got this right (see below) I don't know where the hell we are. Nothing yet from HL, be interesting to see their interpretation and that of others.
Unfortunately the SP is always going to come under pressure when you've got determined sellers like FIL and whoever is disposing of £60k lots today. Fortunately the market seems to be shrugging them off and the month has started on a positive upswing. If the buyer(s) can outlast the seller(s) we might just be on to something at long last, fingers crossed.
Friday 12:00 noon on Investor Meet Company for anyone interested.
Friday 12:00 noon on Investor Meet Company.
Probably the latter, either way we'll take any positives just now.
Well worth a read, as rylidan says.
Hello, is the beast finally awakening?
They don't like it up 'em Mr SD235, they do not like it up 'em!
Finally a bit of positive SP action in response to our big buyer, I'm sure there are interesting times ahead here. Looks like your buying was well times rylidan.
Buy at 9:34 3,821 @ 39p (+12%)
Sell at 9:40 50 @ 32p (-8.57%)
Showing no change on my screen now though so must have sorted itself out?