Member Info for Numb

The 14.7p divi will be paid 19th May, ex-divi 8th April. The redemption payment, £1.0169 per share, for B shares will be paid 31st May. The record date for entitlement to B shares is 13th May. If you participate in the DRIP, as I do, your (additional) shares purchased with the 14.7p divi will not be part of the return of capital via the B share scheme. Simple. Following consolidation you will hold 0.76 x the No of shares you held on 13th May + additional DRIP shares bought with the 14.7p divi (14.7p x No of shares held 8th April / share price pre-consolidation).

This is why AGK are up 66p to £8.89 today
https://uk.finance.yahoo.com/news/tdr-squared-near-firm-bid-152408553.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20vc2VhcmNoP3E9YWdrK2xzZSZmb3JtPUVER0VBUiZxcz1QRiZjdmlkPTViZWVlZDc1Mjg3YjQ3MzQ4MDM0MmU2OTJiMjMxY2VmJmNjPUdCJnNldGxhbmc9ZW4tVVM&guce_referrer_sig=AQAAAIkHnF-XhFoxMoi-72iwYxWSSdN-XX3dCwESgTfwJAyuQg8mfqnVfZ656iBRZSv8KqQ_bH8_aYCrEA9CbBiy6csacJnNpO82aioWzoPwccjkTKo_BUNVi5N9HGOSFFVv_WLFfTStog0cUpfYaNkHrpJrV5_6dxTWyh-B7b8lLpcC

Not really Papucel, markets are down generally today. It's just normal ups and downs, there is no particular reason for today's 3% drop. I expect BAE to trade in the range £4.70-£6 all year.

Papucel, I was stating the facts, not at a matter of opinion. FYI https://investors.baesystems.com/shareholder-information/dividend-information. I wasn't aware that it was inappropriate to correct somebody's wrong 'opinion' when I knew the actual facts. I am a long term holder and have worked at BAE (submarines, Barrow) for the last 26 years, so probably know a little bit more about BAE than you and some others on this board. Your criticism of me for stating the facts and correcting inaccuracies is a little out of context, don't ya think ?

The total dividend of 37.5p per share for the year comprises :
Interim (final) 13.8p dividend in respect of the year ended 31 December 2019 which has already been paid 14/9/20.
Interim 9.4p dividend in respect of the year ended 31 December 2020 which has already been paid 30/11/20.
Final dividend of 14.3p in respect of the year ending 31 December 2020 to be paid 1/6/21 to shareholders registered 23rd April 2021.
SIMPLE.

You are wrong. My previous statement is correct.

Not true.
The total dividend of 37.5p per share for the year comprises :
Interim (final) 13.8p dividend in respect of the year ended 31 December 2019 which has already been paid 14/9/20.
Interim 9.4p dividend in respect of the year ended 31 December 2020 which has already been paid 30/11/20.
Final dividend of 14.3p in respect of the year ending 31 December 2020 to be paid 1/6/21.

RR recapitalisation package 'to increase, strengthen balance sheet and support long-term strategy'.
Package includes a proposed fully underwritten 10 for 3 Rights Issue of up to 6,436,651,043 New Ordinary Shares at 32 pence per New Ordinary Share to raise gross proceeds of approximately £2bn.
The Rights Issue is subject to approval by Shareholders at a General Meeting expected to be held on 27 October 2020.
RR : 'Having considered a number of different scenarios, and in particular a "reasonable worst case" scenario, we have determined that it is in the best interests of Shareholders to pursue the Rights Issue and Bond Offering now'.

eg, if you currently have 500 shares purchased @ £3 each ….
You will be able to buy (500 / 3) x 10 = 1666 new shares at a cost of £533.12 (+ stamp duty £2.66)
Your new 'break even' price (ignoring dealing commission) will be ((500 x 3) + 533.12) / (500 + 1666) = 94p
Share price now = £1.22.
The theoretical ex-rights share price based on yesterdays close of £1.30 is (1.30 x 3) + (0.32 x 10) / 13 = 54.6p
So that means, theoretically, that your rights issues shares are at a 41.4% discount (54.6p x 0.586) to the actual market value.
My participation in the RI will cost me £2371.20 and following the RI I will hold 2223 + 7410 = 9633 shares at a 'break even' price of approximately £1.34 …. I'll sell 'em at a tenner, £96k, lol I wish, but that is possible in 10-20 years.

The expected RI timetable is ….
23rd October 2020 is the date that your rights issue shares entitlement will be calculated, ie the number of shares that you hold on this date x ((1 / 3) x 10) = RI offer shares.
27th October : General meeting to approve fundraising (RI, etc).
27th October : dispatch of provisional allotment letters (RI) to shareholders.
11th November, 11am is the latest time / date for acceptance / payment of your RI shares.
12th November will be the 1st dealing day for the 'restructured' RR shares, which should 'theoretically' be @ 54.6p.

https://www.ft.com/content/3289a462-547b-11e9-91f9-b6515a54c5b1
Shocking .... and 5% fee to exit. I have 57,500 shares at a break even price of 14p. Will never get my £8k back but may get a third of it or f**k all ?.

Will probably fall further but I don't think to 1p and admin is unlikely IMO.

Thorntons low was about 13.5p in January 2012. The Ferrero buyout price in August 2015 was £1.45 (all cash) / share. I currently hold 27,500 Debenhams shares at an average of 22p. Would love to see Debs SP increase 10 fold from here to £1.24 on a buyout but I doubt very much that is going to happen. I'd be happy with 30p !.

SP won't drop below �5.

The fall was due to concerns about GSK's ability to maintain the divi if they but Pfizer's 'over the counter' business.

Cash flow ?. https://www.bloomberg.com/gadfly/articles/2017-08-01/the-strange-case-of-rolls-royce For the record I hold 787 shares @ an average price of £8, intend to sell some (237) in the £10s and hold remaining 550 longer term. SP £9 - £10 until next fillip ?.

Maybe this is why the SP is now retreating ? https://www.bloomberg.com/news/articles/2017-08-02/bae-first-half-profit-gains-11-on-global-defense-spending-boost