Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Jes and John "Mac The Knife" both knew full well what the crowd wanted, they actually did start to implement it too.
If Jes was still in the seat im certain we would not be looking at such a poor reinstated divi and p*** poor S.P atm !"
@Mr Wolf - These two were the ones that cut the dividend in the first place at the same time promising to double the share price. Instead the shareprice halved and the dividend never recovered.
Looking at the subscriber numbers from the latest results and the after hours trading (how does that work btw) we could be looking at a $30 increase on open.
Yesterdays close $240 a share so that means we're looking at $270 on open - a very nice increase.
I'd check you've been paid correctly then - and I'd be interested to know if you've been paid the full 16.8p to the penny. My parents have separate accounts with Barclays and have been paid incorrectly - albeit only by pennies.
Barclays have worked out the dividend as 16.79*****
@Rickpom - They will have to compensate you accordingly. I'd make a note of the lowest NWG price and the date of when you 'could' have reinvested. That difference between that price and the price when they actually pay you your dividend should give you an idea of a starting point for compensation. Then they should add on the inconvenience, time you've spent trying to sort everything out etc....
I'm sure it will be sorted eventually.
@Rickpom - If you bought the shares on the 26th August then there can be no dispute that you are entitled to the special dividend.
The ex dividend date for the interim dividend was 25th August. For the special dividend it was 30th August. So if you owned the shares on the 26th August then you get the dividend.
One thing is interesting is that you mentioned 6pm on the 26th - which is after the trading day. Just wondering if you bought them on the 26th why you'd mention 6pm. I only ask as Monday 29th was a bank holiday - so the next trading date is the 30th August from 8am. I'm just wondering if there is some bug on the Barclays FNZ platform that has moved anything after the last trading time (4:30pm on the 26th August) so if the system is picking up 6pm as the date you owned them that's why it's not paid out.
You're still in the right of course - just wondering about the time and where you got that from.
Hey Rickpom - Well that can't be 100% true as they have obviously paid some clients. The fact they've spotted a discrepancy might be why they've held off paying out the funds. Both my parents have separate accounts, both have received a dividend on the 20th but both payments are off by a few pence.
He got it on the 20th. I got mine on the 16th (with interactive investor)
It looks like Barclays have paid everyone incorrectly (for those they have paid) albeit it only a few pennies out although the statement looks correct at face value.
Update - Barclays have advised they are looking into it and will come back to us. But they have said they have worked the dividend based on a payment of 16.796547 which is less than 16.8.
I've been paid by interactive investor to the penny based on 16.8p
Interestingly 15820 x 0.16796547 = £2657.21 - so even using their figure (if that can be right) the actual payment is still out by 1p.
Hey Mike, thanks for the reply. Let me clarify and see what you think.
15820 shares x 0.168 = £2657.76
Barclays have only paid £2657.20 - so my dad has been short changed by 56p.
So what has Barclays done with the 56p from my dad and the 13p from my mum? And if they have done this here how many other dividends are they getting wrong. The fact it is mere pennies means most people won't notice.
@Rickpom and Janus - My parents use Barclays Smart Investor and they were made to wait for their dividend. But today they've show me something else that's wrong.
The amount of the normal dividend is correct. The amount of the special dividend is incorrect - as in they have been short changed, albeit only pennies. My dad's dividend was 56p out and my mums dividend is 13p out. Small amounts but why would they be wrong.
Can you check the amount of your special dividend?
My mum had 3785 shares and her dividend was £635.75 instead of £635.88 (13p short)
My dad had 15820 shares and his dividend was £2657.20 instead of £2657.76 (56p short)
Special dividend was 16.8p so anyone can do the maths and see Barclays have paid the dividend wrong.
I'm with interactive investor, got my dividend paid on time and it is correct to the penny.
Anyone else with Barclays had this mistake? It feels like some sort of bug.
The live price has been there for me for a few weeks and is a welcome addition. Not seen any issues until this morning but you're probably right - maybe teething problems with the new functionality.
As for compensation - if you raise a complaint to them they will likely offer something as most financial institutions like to resolve complaints at the first point of contact rather than risk something being taken to the regulator. It's not compensation for hassle - the service isn't available as and when you need it which can have financial implications if you're not able to trade as and when you want to.
I've had my divi but my portfolio is displaying as massively down and gave me a fright. It looks like a display issue with my broker as the prices are all displaying wrong. Anyone else using interactive investor with this issue? I've raised a query with them.
I've got my divi - not decided what I'm going to reinvest in yet though.
You’ll be ok. Just wanted you to note that if you sell shares in an ISA your cash is still within the ISA and you can buy other stocks with it. You’d only be impacted with your allowances if you withdrew the cash from the ISA.
This is something I decided to do when Barclays first started buying back shares on the 19th March 2021.
Back then Barclays was worth @£31.7b and the Share Price was £1.82. This was my baseline - obviously the market values a company different over time so it is difficult for shareholders to see the benefit of the buyback.
Back then there were 17,365,368,531 shares in circulation.
As of today there are 16,309,686,819 so if the market valued Barclays at £31.7b today the share price would be £1.9442
As it happens the market only values Barclays @£24.5b.
Todays Net Asset Value per share was reported as £2.97 so using that figure Barclays should be worth £48b. So on paper we're getting shares at nearly 50% discount. The Barclays board deem this a good reason and time to buy back their own shares. In the long run it should work out better for shareholders.