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Not sure, the only thing I could find was that the ftse was retracing it's gains from today because the US market was going to open soft. I think perhaps people want to make sure the sell off in the states doesn't impact us so things became a little cautious and volume slowed up.
Freetrade's response is...
"Unfortunately we don't provide this service on our platform at this moment in time. We are a digital product and our systems are not set up to handle the processing of this type of Dividend.
However we are currently actively exploring options to be able to provide this service to our customers and I hope in the near future we can launch this service for our customers.
In regards to this particular Hammerson event, we will be paying the cash element to our customers who are entitled to the income."
Yes they don't do script dividends at this time and will only pay out the cash option, in the app if you click on the forum for discussion about Hammerson thats where you will find their response to someone asking the same question.
Yes, I read that latpulldown that the Novavax could be approved within weeks so we're talking April time for approval but the new bottling and finishing in the UK I read wouldn't be complete until May based on the current estimate, thats not to say they can't speed things along where there's a will there's a way. Vaccine self sufficiency would be incredible and you have to wonder if when everyone in the UK has had a chance to be vaccinated and our numbers come right down and are stable it could put us in a position to negotiate with the EU about helping them with their problem.
I think the UK having clear plans on how to fill any vaccine short fall is a big help here. It brings more certainty to the roadmap to reopening being followed. With Moderna being introduced to fill any gaps in April and then Novavax from May onward the UK shouldn't be slowing down by much if at all.
Yeah I agree, Europe has dropped the ball on this one and instead of coming up with serious solutions they are determined to play the blame game which helps no one. Imo the main issue with the EU's vaccine rollout is red tape, the whole union is built up around regulation and red tape that it doesn't allow for it to move very quickly on anything, even in unprecedented times. Some of the UK's methods for getting it done would have been considered rushed or unorthodox in normal times but it's not considered at triumph because it's about getting it done, as quickly as possible at all costs. The EU were too laid back and didn't have that sense of urgency.
The drop from todays high today doesn't appear to be specifically linked to the EU, it looks like we dropped along with the rest of the market because the US futures are down and there is fear surrounding the price of oil because of whats going on in the Suez Canal. Any excuse for the MM's i know but the timing of our fall coincided with that of the Ftse. We just have to be patient, this is a volatile market right now but clearly it wants to move higher.
There isn't a lot you can do, if you are using a broker that doesn't facilitate that type of dividend then you need to find a better broker for the future. You could try to set up with a new broker now, sell your holding and buy back with a new broker but then you run the risk of not receiving the same amount of shares and paying any transaction fees, it sounds like a lot work to me and too much risk. Best just to hold tight imo.
I'm sadly using a holding account like latpulldown just explained and won't be eligible for the scrip div. I didn't get into this for the dividend though, this is a reopening play so the fact its offering any form of dividends at all is impressive.
It's a two dose vaccine spread three weeks apart but only needs to be refrigerated rather than kept frozen which helps with ease of distribution around the World.
For those interested I found this article explaining what the vaccine is and how it works...
https://qz.com/1950365/what-is-the-novavax-vaccine-and-how-does-it-work/
And this article from yesterday saying how the production has already started even though it's still awaiting approval, so it looks like we'll have batches ready to go as soon as approval is granted.
https://www.gazettelive.co.uk/news/teesside-news/production-novavax-vaccine-gets-under-20237098
"It will offer total protection against death and serious illness from the original strain of coronavirus.
Results from the latest trials of vaccine carried out in the UK also show it was 86% effective in protecting against the more contagious variant first discovered in Kent.
It comes at a time when the UK is expecting to see a slowing down of the vaccination programme from next month, amid EU delays of the AstraZeneca jab."
Great news if thats the case. Also worth keeping an eye on the developments with Novavax, approval possibly due to be given sometime in April for the UK a vaccine we have a order of 60 million doses for and is being produced in the UK so not subject to EU restrictions.
When the rhetoric dies down and a compromise is reached which is what almost always happens then the market will look to other indicators for recovery. Our biggest mover will be when retail spaces reopen like others have said.
Nothing really happend, it's just this spat with the EU and AstraZenneca in the news and threats of an export ban has put a dampener on what was an optimistic market. Recovery stocks have taken a hit in case recovery isn't going to be as smooth or as quick as expected