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I really think something is not right - I have not received any Wickes shares, and no explanation why I was down ££ immediately following consolidation. However, I received an email regarding payment for fractional shares (totalling £4.50). Here is email I sent to freetrade, followed by reply - see if this makes any sense:
Hi, my Travis Perkins shares were consolidated earlier this week. I believe I should be issued with some Wickes shares to offset the loss accrued with tpk as a result of the consolidation. Or is there another mechanism to recompense me for the loss I made as the shares were consolidated. Users on other platforms have been issued Wickes shares. Thanks.
Reply from freetrade:
Hi
Our team got in touch regarding this so I've copied their messaging below:
"...Following our previous message, the consolidation on Travis Perkins plc shares has now become effective and your consolidated shares have been issued to your portfolio.
Shareholders received 0.89245033 of a share of Travis Perkins Plc for every 1 Travis Perkins Plc share they held as at market close on the 28th April 2021. Entitlements were rounded down to the nearest whole share..."
"...Further to our previous notifications regarding the recent consolidation, you have now received a cash payment in lieu of your fractional share entitlement to Travis Perkins Plc.
You have received £4.51.
Fractional cash was paid at a rate of £15.6222837 per share. This was the price obtained for selling your shares in the market..."
I hope this clears things up!
I have lost a load of money in this share consolidation, and I cant work out why. No mention of any Wickes shares coming my way (I use freetrade). I assumed that I would not lose out during the consolidation - just own fewer shares, but each worth more. Can someone explain to a newbie how I have lost out during the consolidation? TIA.
Same has happened to me on freetrade. I understand that I now own less shares (they are consolidated), and consequently each share is worth more. But how come I have lost money, despite 8% sp increase? Is the 8% increase actually a loss, once the consolidation factored in (relatively speaking?)
Do you reckon the sp will fall once this goes ex div? I am new to this, but have read that it typically falls by an amount equivalent to the dividend (i.e. if div expected 3%, then sp will likely drop by 3%). Or is that b o ll o c k s?
Just had a read of the RNS - looking good!
Friends in practices say they have had their most profitable 2 months ever - people sitting at home just looking at their pets, and noticing problems with them. Plus vets have mostly remained open during lockdown. plus reduced staff wages due to furlough. PLUS they have closed 22 loss making clinics. SP jumped around 10% at last trading update (based partly on 7.1% like for like growth over the preceding 8 month period). And they have just partnered with bristol veterinary school equine department - although this won't directly affect sales figures, it will promote business amongst the next generation of vets and further increase cvs profile PR wise. I reckon results are going to exceed expectations, and that SP will jump further - I maybe a lot further? But I am a newbie at trading, so I might be wrong - what do you reckon?
I am new to trading, but results are going to be big. I don't know how much of this is already factored into the SP though, although going to top up if further dips in next few days.
COME ON BOD - DO SOMETHING TO STOP THIS SP SLIDE!!!!
Wyndrum
In answer to your question ....
I am not wealthy enough to be concerned out ethical investment - I will do whatever I need to do to grow my investment (I have only been trading 6months).
'wife not so happy that I went into another room and left her with the kids.'
She wont complain if you bring home the bacon! My wife is the same.
Is anyone buying at the moment? Half year results due in couple of weeks. Persimmon peaked 14% up in the week prior to their results last week, hoping for similar (or better) from vistry.