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Nearly
The main problem I am having with 3i is constantly having to reset my alerts ...upwards
Just got this email from trading 212
"Earn daily interest on your shares
We’re reinventing share lending!
On 05.07.2023, we’ll begin rolling out our new share lending program.
How share lending works
We borrow shares from your portfolio and lend them to borrowers. We then receive interest in exchange.
What's new
50/50 profit split. We split all interest equally with you."
Also you can stop the lending out your shares.
Stargate
Say again
In English!
Freetrade
"Freetrade only lends shares to a select few of the world's largest banks which are subject to extensive ongoing risk assessments and due diligence. These banks are central to the functioning of global financial markets."
And interestingly
"Shares can only be lent from GIAs and SIPPs. ISAs are not eligible to lend securities under HMRC regulations. "
The fall be it small does imply people aren't using their dividends to buy more shares today.
If using a Hargreaves Lansdowne
"Reinvestments are made between the 11th and 21st of each month"
And
"It is not possible to opt for scrip dividends in place of a cash dividend."
Lots lend shares out. On 212 you can see if someone is borrowing your shares. Useful to know as they may not borrowed for them to need to report it.
I will check if freetrade lend out they said they didn't but intend on doing so.
All my private equity are in profit the rest vary considerably.
3is present dividend if bought today is 2.78%. this year's increase is 14%. The previous 5 year average increase was 11.9%. Hence doubles every 6 years. This is the sort information I am looking for.
Discounts are still big in the private equity sector BUT for the majority of trusts a discount is normal. 20% discount on pantheon international is normal. Presently trading on 40% discount.
On the other hand 3i normally trades on a 20% plus premium. Started buying on 25 discount now 10.5% premium.
My shareholdings are generally considered adventourus.
Close to 50% private equity investment trusts. That includes growth capital.
Main holdings are 3i up 29% since end of June 22.
Although that is 16 purchases so constantly averaging up. First being £11.07p. £19.57 Friday close.
The other main private equity is HGT. Have them in 3 accounts. Varying from 17% gain to 8%. Started buying in July.
4 more PEs all in profit. But not big time.
"Well I don't know what a Scrip is, so could someone enlighten me please?"
Wow you don't know everything after all.
I don't believe LGEN have scrip issues. So it's irrelevant. If you have shares in certificated form then this is an option https://group.legalandgeneral.com/en/investors/retail-shareholder-centre/dividend
"Also, how and when is (was) it decided what we pay per share when reinvesting?"
If reinvesting Dividends via brocker, the brocker reinvest dividends over a two week period each month (Hargreaves Lansdowne). Not actually related to when the dividend is paid. IE it could be quite a long time before it's reinvested.
I have no idea if they average out the cost of each share and therefore for each shareholder. Hargreaves Lansdowne do not charge for reinvesting dividends anymore.
Again LGEN do not have a scrip issue option.
"Often SCRIP is the only dividend option from the company"
There is no logic in that statement.
The aim of scrip is instead of dividends with no cost of purchase.
If Everyone has scrip all you are doing is increasing the number share exactly in proportion to the number that already exist. Nobody gains as the share price falls proportionally
I asked Hargreaves Lansdowne about scrip issue from Sequoia infrastructure and they don't do it. It wouldn't be a problem if you held the shares certificates. Can't recall how much extra Hargreaves Lansdowne charge for share certificates.
B shares are issued and then bought back a weekish later. To create a capital return. The later statement is based on my shareholdings in LBOW.
The shares owned by VSL are mainly in unlisted fintechs.
Fintech has taken a battering. As it will take sometime for everything to be sold there is a good chance that fintech will recover. On the other hand they are unlisted so not sure who they will sell them to.
If they own shares in these unlisted companies then they should be receiving a share of the profits. Can't say I would give a fair price unless I was in competition with someone else?
Of you go stoodio, I doubt you even own LGEN.
So LGEN up 1% today that's an excellent result.
LGEN has a 1.5 beta over 5 years and it clearly isn't playing to that tune today.
Should have been down around 1.75%. Hopefully that's not a one off.