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The thing is Set4life, the dividend pot will almost certainly NOT stay the same.
There are many variables in play not least 1. The overall company is now smaller 2. profits may be higher or lower depending upon how well/poorly the Asian entity was trading 3. Profit from the sale has to be seen in the light of what was actually paid in the first place for the Asian business. 4. A commitment to pay 50% of profits depends on just how in detail the directors decide to define profit, they may make large provisions for example for additional brexit costs, spoilage of food in containers for example due to delays, higher import costs due to red tape etc - the list is endless.

Thus, I suspect the BOD will think a 4% yield is more than adequate and we will stay at that - just think it's dangerous assumption to believe you are now sharing the same pot between less shares - that pot moves like greased weasel manure I suspect.

Cheers now

You not seen the advert where the young girl gets the £1 then?

When a dividend is paid the share price falls by roughly the same amount. In essence, your capital has been reduced but you have the difference in your pocket in the form of income, eg the dividend.
The intention of this consolidation is to keep the share price roughly the same as today ( I do not know why but hazard a guess later?) To effect this and erase the drop they give us 15 shares that remain at current price, say £2.40 for example rather than the 19 shares at £1.90 they would have been after the dividend without consolidation.
However, you are not better off because if they did nothing and didn't pay the dividend you would have had 19 shares worth £2.40 each or £46 roughly but you now have 15 worth roughly £36 but you do have the difference of ~ tenner in cash from the 50.3p dividend. Then you have dealing costs to re-employ this capital into the market along with tax costs if outside ISA or SIPP - this is definitely not a bonanza and the press should be hauled over the coals for describing it as such, it gives us shareholders a bad name.

However, it's unlikely the regime will now become more generous moving forward, what is more likely, is they will reduce the overall dividend pot by paying the same pennies (3-4p?)on the share when you had 19 but now on your new 15 shares.

Not sure i've explained very well but all the best.

Very welcome Rosewall, these forums can be useful and show the power of shared experiences. I am always learning from others on various boards, although sometimes they get hijacked, but so far so good with this board.

Effectively this is a bureaucratic nuisance which for those outside sipp/isa forces a tax/CGT event.
I cannot see the point, which they have not explained and I'm amazed in a world competing against Lidl/Aldi/Amazon/Ocado they can't find a better use for the cash. It feels like a lazy board to me.

SIPP is tax free, i've recently had that answered by HL. Drawdown pots are also free I believe, until you start to draw income from them which will be at your rate, eg 20/40/45% .

The net of this is we will have to pay tax at 7.5% or 28% (lower or higher rate taxpayer)on the dividend above £2,000 (don't forget to add in other dividends received in the fy). So outside of ISA/SIPP we have an immediate tax liability however, if you sell your holding after the consolidation then effectively you originally paid more per share so your CGT is less if you are above the yearly limit , £12,300 I believe?

BE WARNED - Ricci is probably going to hammer us all in the budget so I'm expecting dividend tax to rise in line with income tax and CGT to be reduced substantially. The income tax increase won't affect us as the divi is in fy 20/21 tax year but the CGT change will probably affect most of us outside ISA/SIPP envelopes.

Where did you hear that Jaffjoon?

There are always more people in hospital this time of year than any other, it happens year in year out and was previously attributed to Flu, Norovirus, etc. So this is not comparable with the first phase hospitalisations, what is needed is a like with like snapshot in the same timescales eg a year on year - deaths too.

In my mum's nursing home, regularly at this time due to the old fashioned illnesses mentioned several would be carted to hospital which was the wrong thing really when the nursing home should have been dealing with it via barrier nursing etc. I I remember one season when 8 on one floor died in a 6 week period, this probably happened all across the country but you would never hear of it. Now you do because the Gov wants us to be aware so they can control. matters.
The phrase "statistics and damn lies comes to mind".

Too pricey - needs to drop to 27 to get my coin.

Strong sell off in my opinion due to pandemic of flight bans. The whole fleet will be grounded apart from cargo and once the bans are in place there is no predicting when or what criteria will lift them.
140p

Doubled holding but that was only 50 shares. Now have one position at £30.5 and one at £39. Average down hopefully will work, otherwise long term hold on a low divvy - not ideal. Was a Midas tip that led me here, so much for their opinions, might as well be the Motley Fool.

Board thoughts on the latest situation please, specifically, how low can it go or will it not drop further? I notice it's dropped today, Monday could be deeper still if no progress.

What do you think the payout will be and when? It mentions the PRA want to control the amount, what does that mean? Implies Banks are gradually becoming state controlled utilities but without the luxury of monopoly.
I have a sizeable position by my standards, on which I will be very glad to see a dividend return to boost my pension, I'd also like to top up and as mentioned have a finger hovering but concerned the PRA controls being too stingy. I guess this depends on the price when they set them or perhaps the buffer position? Will it be a %age or will it be a capital sum they will dictate? My hovering is turning into a hands back in pocket at the moment because of not being sure of a reasonable strike price although with current shenanigans, suspect I can get some lower than 30p? Think the answer is Monday and to slowly top up in tranches.

HL are one of the few that provide fast payment Interactive, AJB, IWeb etc take 3 days.I would also say the quality of replies is much higher from HL, particularly when I was asking questions around setting up my Sipp/Drawdown BUT they are expensive.
IWeb may be worth looking at, I it's believe owned by Halifax thus Lloyds. If you don't trade much it's great because there is no platform fee so no monthly charge and dealing costs are £5 a pop but there is an initial one off £25 to open an account. Communication with them is just as bad as AJB,II etc. It's not as sophisticated as some but it does the job cheaply and relatively well and if i'm right and it is owned by Lloyds then reasonably secure governance.

I think they will craft some type of deal at the fear of all looking ridiculous. Talk about wasting taxpayers money, all these boozy, pizza fuelled lunches, not to mention the sidebar posh restaurants, all on our coin.
Beyond that we have US stimulus and the possibility of a dividend being allowed (outrageous the goldplated pension brigade can cancel these by threats when they sail on completely padded from the consequences of their edicts). Not sure how deal/no deal may affect their gracious largesse on this point.

Schwab in the US has moved to zero cost stock trades, I've noticed a couple of other smaller brokers starting to advertise zero cost trades, eg El Toro. Might this trickle become a flood and how do they make money with no charges, including no custody fee's? Schwab is vast in comparison to UK brokers, dealing with $Tn opposed to $Bn , might they be showing the way?

Schwab in the US has moved to zero cost stock trades, I've noticed a couple of other smaller brokers starting to advertise zero cost trades, eg El Toro. Might this trickle become a flood and how do they make money with no charges, including no custody fee's? Schwab is vast in comparison to UK brokers, dealing with $Tn opposed to $Bn , might they be showing the way?

Additionally many mortgage payers are going to find themselves without a job. Would think that will have quite an impact as it's not just low level going but pilots, management roles etc as the economy contracts heavily on furlough ending and a likely second wave of C19.

Could quite easily have been handled. All we had to do was propose one of our top tech firms be allowed to work on their defence or nuclear industry as a quid pro quo. If that isn't allowed, which it wouldn't be, how on earth could they expect us to let them proceed.

It's resolutely stayed above 30p for some time but is today very tightly bound between 30-31p. Are half year results expected as planned tomorrow or not? The way it's behaving I'm suspicious the market knows the news will be mediocre or poor.