Member Info for quelfromage1

Take a guess!

>>Surely lse must have some kind of rules against cluelessness.
Well they don't seem to have any rules against some things.

Sas not a problem really. Still holding 75k shares (I am very exposed on this one!)

Don't believe it. I sold a few yesterday to pay a bill (not other reason) - should have waited a day !

If regular dividend per share does not scale up so as to compensate for the 19 to 15 share change then we will indeed have lost out.

Mcco up it goes, down it goes between about 22p and 25p. Seems to have risen today on the back of the rns but the price had dropped in last week or so. Therefore we are back to 24+p with no real gain.

Rosewall, yes but we'll have less shares so, so what?

sas I have £50k worth (at current prices, I didn't invest that much!) so if you are right I will be able to retire

SP coming down to my buy price ...

Might make sense for those holding outside an ISA/sipp to sell now and buy back after the consolidation. This would avoid a divi tax but you may have a capital gain to deal with. If your gain is less than £12k allowance and you are not using this for something else then doing this might make sense.

Institutions ...

Yes that's the conclusion I came to. And worse off if you hold outside an ISA or sipp. Can't understand why the FT call it a bonanza. Not for PIs, possibly for instructions but no idea on that one.

Whoops I'll get that one deleted

robleo, rather than "not true" (I misread your question) "no", no tax to pay in a SIPP

robleio

Not true I think see:
https://www.ft.com/content/97bf7a43-81a4-46ff-b4a9-5bfe4c7773b3

Well obviously if held in an ISA or SIPP as I do there is no divi tax. But even then it seems to me of no benefit whatsoever.
I can buy back the 4/19 shares that have been taken away with the 50p per share I'm given then I'm roughly back where I was before all this messing about? Or am I missing something here?

"Tesco plc wants to pay shareholders some of the proceeds from the sale of its Asian businesses.

This will be a one-off payment, called a special dividend, of 50.93p for each share held at the end of 12 February 2021.

When a company pays a dividend, it’s normal for the share price to drop by the same amount. Tesco wants to keep the share price roughly the same before and after it pays the special dividend. To do this Tesco will reduce the number of shares every shareholder owns. Shareholders will get 15 new shares for every 19 shares held. This won’t make a difference to the overall value of your holding – the total value of your new Tesco shares plus the special dividend should be similar to the value of your current holding. "

Anyone know why they want to (try to?) keep the sp the same?

ojo2020, Yes and very funny!

It's a test not a vaccine??!

McLean I mainly use this board to get information. I then look elsewhere to confirm. Tbh I have no problem with BS. Also I have been reading these boards since around 2014 so I'm well aware of who is who. On an anonymous BB I don't care if I come over as naive, stupid or whatever as long as I get something useful.