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Some brokers are very slow and can give themselves up to 10 days! Same as CJ mine was paid yesterday and reinvested today, for what its worth… over 20% wiped from my portfolio over the last few days thanks to Liz.. sure it’s only money…
Johnnyboy26…it’s all smoke and mirrors but you are right in that a consolidation and special dividend do not benefit the pi in the short term. This is merely a means for the company to reduce the shares in issue which “hopefully” over the longer term benefits everyone with an increase in the share price.
It looks great on paper getting a 16.8p Divi but ultimately it depends on market performance.
Your share price average is also raised with the additional purchase but on the bright side mine were repurchased in and around £2.70 whilst you still have the cash in your account.
Another bad day at the office. Can’t even blame this on shorters. Where and when is the turning point ? Is this merely seen as a vaccine manufacturer, by the market, but with nothing to manufacture. Need a miracle..
From the Halifax re the special Divi..” Stamp Duty has been charged on the purchase at a rate of 0.5 percent.On this occasion only we have not charged any dealing commission for the reinvestment.”
Still no sign of it in the dealing history although complete.
I have auto Divi reinvestment with the Halifax and both divi’s are shown as being reinvested. The special Divi is marked as, “Stock Transfer In”. The new shares are in my account but the money from the special Divi is also still in my account and says it’s available. The ordinary Divi is simply marked “ purchase.”
Has me confused..
Oxb has tested the £4.00 on 2 or 3 occasions which is concerning. The recently disclosed “undisclosed” revenues would appear to be suspiciously small. Why all the secrecy ? Perhaps not worth mentioning! Less than a year ago this was close to £16 but there doesn’t seem to be a turning point on the horizon..
Not recommending the Halifax, as probably not the cheapest, but suits me as I am holding rather than trading but the Divi always gets paid on the day around lunchtime and always gets reinvested the following working day showing up as executed in early afternoon. Nearly 20 years and they haven’t let me down yet.. 1st time for everything..There are two divi’s this time and I can see that the ordinary Divi has left my account this morning to repurchase and expect the special to follow shortly. In the small print I think most brokers allow 10 working days for divi’s to be paid but any that do are to be avoided. Just my musings..
Saw you posting over on Nwg. Probably see a drop next week after the Divi reinvestment but nice to get a few back after the consolidation. As for Oxb it never ceases to amaze….a few stop losses hit this morning. They are going to need a few large contracts to stop the rot. As for selling and cutting ones losses it’s always a hard decision and with its volatility it could be £5.00 next week.. Vulpes must be down a fortune.
The sale and leaseback is an expensive way of doing business long term.How much of the loan is going to be repaid? Another few years before it’s profitable by the looks of it but isn’t it always…the covid vaccine has been its saviour. As you say the market isn’t impressed. The mid £4’s seems to be where the sp is at the moment . The big investors are locked in for years to come but tomorrows another a day.