Member Info for SFH300

Best to check with your broker as it's not a dividend.

... doesn't believe in gradual price drops, does it? Down 3.57% already (10:57am).

I'm now down 47% in OCDO. Not easy to digest when I hear that Steiner's set for a $100m package. Time to cut my loses in this hateful stock?

CWWX - waxing lyrical with your wick-ed sense of humour again?

"Up first thing here, i feel a turn around on the cards today"

How's that going?

This is only going one way now, isn't it? I'm now more than 41% down on OCDO and no one can sustain such losses.

19:30, 25/04/22 - 81% buys, 19% sells and SP falls 0.7%.

FIXED!!!

So, I'm wondering why we've lost 8% today?

Anyone "here just for the B share" is going to be disappointed. There's no such thing as a free lunch.

10:00am, 20/04/22 - 5872 shares sold, 123 bought and SP rises by 1.14%.

FIXED!!!

16:30, 19/04/22 - 77.6% buys, 22.4% sells and the SP falls 2.50%.

FIXED!!!

Fair point, Mr Math.

10:55am, 19/04/22 - 76% buys, 24% sells and the SP falls 1.17%.

FIXED!!!

" ... and dealing cost of c=£12.95 ... "

There should be no dealing cost to the shareholder. I went through the RoC with BBB last year and there was no cost to shareholders, the total capital return was just placed in my HL cash account.

Nelle96 - exactly what I've been saying. Shareholders are being forced to expose themselves to CGT at a time not of their choosing. There's no such thing as a free lunch.

Fair explanation, TheWednesday. The only thing we're being given anything that is not already ours is - potentially, and for some - a CGT bill at a time not of our choosing.

No, adeg1. You won't see anything of the B shares. They will be immediately redeemed on conversion and so will not be available for trading. For a few days you won't see anything of the cash return either, but it will eventually be paid into your cash account before or on May 31.

£12,300 CGT allowance.

GregorySallust,

Poindexter10's reply is from a Hargreaves Lansdown email and, as such, is broker-specific and doesn't answer your question anyway.

I don't think there's any suspension in trading, so presumably you'll just be able to buy and sell on the day of the transition. When BBB did this (RoC) last year, the conversion to B shares was done at 08:00 and then redeemed for cash just seconds later. Trading then continued at the new share price, 45p lower in that example. (As an aside, though, that share price has tanked since the RoC.)

The actual proceeds from the Aviva RoC, however, won't be paid until later ("It is expected that Shareholders entitled to receive payments in respect of the proceeds of the redemption of the B shares will receive payment on or before 31 May 2022*), so you won't be able to immediately reinvest that actual cash.

*https://otp.tools.investis.com/generic/regulatory-story.aspx?newsid=1555221&cid=759

A PDMR needed a few quid for his holiday.

It reminds me of life under the Johnson government - just when you think it can't go any lower ...