Member Info for my2penneth

"The London Stock Exchange has since cancelled all trades in the firm carried out between 8.41am and 9.02am."

TUI....34% owned by Russian oligarch friend of Putin.

https://www.telegraph.co.uk/news/2022/03/03/russia-related-products-should-boycott/

I'm surprised they are still trading! Only a matter of time before they get sanctioned.

I can see the dividend not being paid.

I wouldn't..there's being "contrarian" and being just plain foolish.

Going to get worse for Poly & Evraz....much worse. The West is determined to stop Putin..they have no choice.

Might as just as well buy Vanguard's VUSA. Over the last year, VUSA is up 20% and SSON is 1.8%. Superior numbers ?
Smith won;t mind whilst raking in 1% for "inferior numbers".

Unilever might decide to bide their time and see how GSK Healthcare gets on. They must not overpay.

How can a Canadian court impose a fine greater than the mkt value of a company...and it is a stupidly high level.

I was with SVS too. The main issue was the accounts being frozen for almost a full year! No way to sell and all dividends being accumulated but not paid out. The special administrator ( Leonard Curtis) charged millions at over £500 per hour. This cost could be taken from customers accounts legally but the FSCS covered these costs directly. I would split accounts if the value was over £500k and/or being mindful of accounts being frozen if relying on dividends to pay bills etc. I'd also stick with the big boys and , of course, it is absolutely imperative to have FSCS. Remember, if a foreign broker goes belly up, you might get paperwork in the foreign language.

damn, back to the April 2008 shareprice.

I wonder if AA has set up his new company with a view to a takeover of PFC?

Rocket...I wouldn't but it's up to you! Look at the margins of JMAT for a start! Then look at what they do ( cat converters ....a dying market) and then they walk away from batteries for EVs....what's the plan B? The PlanB seems to be to crash the sp!

15th November.
Admission and commencement of dealings in respect of New Shares and CREST stock accounts credited in respect of New Shares on the London Stock Exchange"

It'sd as simple as Calamari says in terms of ownership and dilution. Need to remember that any dividend will also have to take the increased number of shares into account..but any dividend will be higher than the current amount!

For clarification - It's an "Open Offer"..not a "Rights Issue"...Google the difference!

The proposal needs to be approved at the AGM ( November 12th) so it will happen after that date assuming approval ( pretty sure it will happen based on it is fully underwritten and AA is on board).

So, don't expect to see notes from the trading platforms until mid Nov at earliest.

Should be around 131p to reflect the 16.8% dilution.

Under the Open Offer, Qualifying Shareholders will have an entitlement of one New Shares for every four existing ordinary shares held."

"Shareholders who do not acquire New Shares in the Open Offer will experience dilution in their ownership of approximately 33.5 percent and shareholders who take up their Open Offer Entitlement in full will experience a dilution of approximately 16.8 percent as a result of the Capital Raise and Director Subscriptions."

The one thing about their "customers" is that there will be some more next year. This years cohort are getting jobs rather than going back to school, but this can change just as quickly. Currently, at these prices, looks a good entry point.