Member Info for thinksmart

Why did I have to be sensible and not top up one more time last night or this morning! Hey ho mustn't be greedy. Hope you guys' instincts are right. GLA

I guess the sp has risen since the basis of the calculation of 13 for 33. But as things stand 13/33 + 160/290 equals 94.6% so at current sp we are losing 5.4% but would need 13.5% gain after share deal to get back to level with today beause any gain will only apply to 40% of current value.

Understand what you're saying but in this case my understanding is that the sp shouldn't fall but our number of shares will and the net loss should be around 6% in monetary terms but would need around a 15% rise in sp to come back to level. In other words the reduction in shares (60.6%) is greater than the dividend (54.8%) and the gain required to normalize will then need to be even greater as the value in (and number of) the shares will have dropped by 60.6%

Please forgive me asking this as I'm sure you've probably already discussed it to death but this is the first time I've ever been in a position like this. The way I calculate this we get £1.60 for each share that we hold at C.O.B. Thursday but the shares we have are reduced by a factor of 13:33 in the hope that their SP holds steady. Am I right so far? But 1000 shares at current SP are worth £2,920 which after the change would mean 393 shares plus a £1,600 dividend totalling around £2750. i.e an instantaneous loss of around 5.8%. Is the feeling that the new share's SP will in all likeliness quickly recover this shortfall? And does anyone know the impact of this on shares held in an ISA as HL have given me the impression that the dividend will be subject to capital gains tax? If so in the short term this is like drawing money out of an ISA and then paying the tax man for the priviledge even though it was a loss! Have I got this totally wrong? Anyone?

You are making it sound implausible and scaring me now!

Are you still holding? Looks like good RNSs 2 days running to me so was surprised the SP didn't push upwards for long today. Am I missing anything? Hopefully northwards service will be resumed tomorrow.

Not panicking - just curious. Could see no reason to drop the Bid since it was all buying going on and the Ask stayed up. As long as the MM's aren't keeping a big sell to themselves for a while. Other than that strange anomaly I'd say its all going swimmingly. Hopefully not famous last words! GLA :-)

Any ideas what's going on with the sudden Bid drop to 7.75?

That's not a big buy. One of those was one of my tiddly little topups! lol

But that's it! Getting too carried away now lol

Thanks - will do

Blowster: I get confused a lot and easily HFA: Ok thanks - was hoping you might know something. Have just topped up anyway. I'm clueless on this share (well on investing full stop to be honest) but bought some yesterday thinking the RNS sounded promising

Misread your post - OK so how GOOD and why? lol

I take it you mean a BAD surprise. How bad and what makes you think that? (Genuine question)

Many thanks for the info which has helped a bit. I think it was a zero but can't be sure. It must have been triggered by the rapid rise in SP but it seemed to be regularly in auction rather than just one or 2 short stints. I sold my shares in the end as it had turned sharply down. It was a struggle to sell them - had to do it in two lots using fill or kill orders both times. Not sure what was going on. I'm still not totally sure what being "in auction" actually means though and what the implications to trading are. I get the impression it means trading is only posssible via direct access or fill & kill orders and that there's no way to get a quote. But if anyone can correct me or knows more please let me know. Thanks again for your help.

Guys, can anyone help my learning. WHat does it mean when there's a RED highlighted 0 next to the word Auction on Level 2 (just as there is right now on JPRL). Does that mean the shares are in "Auction"? I've seen the term used a few times but don't really know what it means. Can anyone explain or maybe point me to a link where I can read up abou tthe meaning of thsi "Auction" concept? I've got some vague idea of what it COULD mean but I'd like to make sure I understand correctly. Many thanks in advance.

Gosh you are usually the king of copy & pasting the RNSs! It was already up before opening and virtually impossible to get a quote on. I had a failed fill or kill order and finally got in far too late really, so don't beat yourself up over missing the RNS. Hope you're right about there being more to come. Good luck to all :-)

Excellent thanks - just the kind of explanation I was dreading lol

Many thanks

Hope you're right. I'm not selling out with the loss on unless something incredible takes my eye. GLA