Member Info for RegulatorUK

"Regulator don't tell us how to run our lives pull your neck back in and don't think you're the judge and jury. If we want to comment on a false tweet we can"

I obviously hit a nerve with some people...

"Are folk genuinely wondering if that’s our factory? Ffs it’s a generic gif."

I know... some people should stick to spending their pocket money on Lottery scratchcards.

"regulator are you joking - rms shares have ben sold - we have been paid out - this company is worth £15m circa less now - so why would it rise back up without news ?"

A company is about more than the money it has in the bank.

BRH is invested in a range of projects - including some that could be very lucrative in the short to medium term. The board has confirmed that, even after the Special Dividend, it will have sufficient funds to continue those projects. Those fundamentals haven't changed.

Maybe it's the difference between those who research and understand a company and its portfolio, investing for the medium to long term, and those 10%ers who go by Twitter and bulletin boards, and who live from RNS to RNS.

"SP way down today, was never tempted by BH, RMS all the way for me."

That's because it's ex-dividend day and was expected - it's no biggie. In fact, the ex-div price is substantially higher than expected.

(I hold both BRH and RMS. amongst others)

"According to the RNS anyone selling today surely loses their Dividend as the Report day is stated as 11 Dec, (tomorrow)."

Nope - you're wrong. Glad this is just a hobby, as otherwise with that level of acumen you'd be bankrupt...

"The share price is about more than simply the closing price yesterday - the divided value"

That should be "... - the dividend value".

"why will it be over 30p ? yes if good news lands - but no reason it will be other wise - imo"

The share price is about more than simply the closing price yesterday - the divided value.

It was trading at over 30p before the announcement of the Special Dividend. The fundamentals haven't materially changed. There's no reason why the price won't go back to that level once the dividend dust settles.

"Reg - I think we should just give up now - if pi's don't get it then perhaps they should be buying premium bonds!"

I'm not sure they'd be safe with premium bonds. Perhaps lottery scratchcards are more their level...

We do know why it's down - it's ex-dividend day. Those who understand shares were expecting the drop.

I agree with you though about holding... this is going to rise further in the coming days and weeks.

"I'm a little confused here, I just called Peterhouse Capital Limited (Joint Broker) and they told me that I would not be eligible for the special div if I bought today, I was told to be on the register for the 11th you would have had to have had shares by the 9th Dec"

They are correct. To qualify for the dividend you would have had to have executed an order by close of play yesterday (as has been explained numerous times on this board this morning).

"Regulator, thanks that clears it up for "most shares" and it certainly makes sense but I can only go on what is said exactly word for word"

And what is said "word for word" on the RNS is as I described. On the London Stock Exchange, the settlement date for share trade is T+2 (other exchanges have other settlement dates, hence the reference 'most shares' as some of us trade on other exchanges as well).

"FYI transactions are typically settled T+1, "

For most shares the settlement date is T+2, not T+1.

"Strictly as per Rns, holders need to hold until the 11th to qualify for full dividend to be "paid out" . I think this is clear in the written statement. It will interesting to see those complaining next month who sold out today probably won't receive anything. They have no jurisdiction in court of law as BRH have written this in black and white ."

You misunderstand the provisions around dividends. For most shares, when you make a deal (the execution date), the deal does not become final for 2 working days (the settlement date). Officially, if you buy a share today, you do not legally own it until Monday when it settles. If you sell a share today, you remain the registered owner until the settlement date.

In order to qualify for the BRH special dividend, you had to have executed a buy by close of play yesterday (9 December), when the settlement date would be 11 December. Thus you would own the share by close of play on the qualifying date.

If you sell BRH shares today, then they do not legally transfer to the new owner until the settlement date, which is Monday. This means you will still be on the register of shareholders at close of play tomorrow, 11 December, and entitled to the dividend.

"You need to hold btw the 10th -11th"

No, you don't. You need to have executed a buy before or on 9 December.

"The dividend will be paid (sometime in Jan) to those on the register tomorrow (*). It doesn't mean they are entitled to it. Those who sold today are not entitled to keep it and must pass it on - that's the XD condition (**)."

That's simply wrong. If you sell today, you will still be entitled to the dividend.

"Question is why did TB insist that shareholders still be on the register on the 11th when ex div is today."

Because the ex-dividend day *always* comes before the date of record. Shareholding 101...

"The RNS is a little confusing though because it says the special dividend will be payable to those on the register on 11th December.

So is anyone selling today at risk of losing entitlement? - Can't possibly be correct of course because XD date is today... but confusing nonetheless."

The RNS is not confusing - it's perfectly clear to those who understand the basics of share dealing and the difference between execution and settlement.

"This will continue to drop whilst TB continues to take his money and drip feed it over to low SP at RMS"

Yeah, sure it will...

Why not stick to playing kiss chase in the playground and leave the investing to the grown-ups?

"YES, confirmed with HL, if you sell today, you will still get the dividend. Ex-dividend date was yesterday. You can contact your broker to confirm."

The ex-dividend date is today - not yesterday.

"I think braveheart have worded it incorrectly they should not say you have to be on the register on the 11th to get the divi or can they do what they want it’s there money"

They've used standard wording - it's up to you to understand what you're doing and what those words actually mean.

You only become the legal owner of a stock on the settlement date. This is normally two working days after the execution date for a trade. Ex-dividend dates are normally one working day before a register day, as only trades done up to close of the day before the ex-dividend day will settle by the register day.

All the relevant information was clearly contained in the RNS.