Member Info for Tom78

Extra big dividend this month totalling 0.75p per share. Great news for income seekers.

Full details in RNS no point copying here

I don't think big discounts are good thing but many trusts are running at historically big discounts and this one is on a small premium so it is a bit of an outlier due to it's performance as you said. Don't get me wrong I really like this trust but for right now did not add any more shares as my first buy was 475p so it has done really well since then.

I did hold the underperforming SCIN before the merger with JP Morgan some years ago but I sold out before the announcement and missed out on a lot more of these shares at a much better price than I have now !

You should definitely get both payments totalling 2.06p. The amount of interest and dividend varies each time but makes no difference as both come in just like a normal dividend.

Trek the div is 13.2p this year. This time last year it was 13.4p.

The CEO ones are options bought from a nice cash bonus given for turning up to work.

Chairwoman purchase was from her own money.

Still all amounts to a pimple on a bees dick, it will take billions to move this dog up.

Thanks for the reply, not looked on here for a while!

Thank goodness I filled my boots with Jackson when they demerged from pru at a paltry $25 if I remember correctly. Jackson up $3.48 today and now at $66 all time high. More than offsets my losses on this garbage.

What a shocking collapse, all the commentators seem to think results are good ! what the hell would have happened if the results were bad. Maybe a low ball bid from a competitor will just put this out of it's misery and we can all move on.

The dividends have been set at a fixed amount per share (235p), so the current yield is just under 10% yield per share. Buying back shares with such a high dividend burden makes more sense than redeeming bonds unless any are over 10% yield (not sure but unlikely given the low interest rates for the last 15 years). The current low valuation also makes it seem a good idea.

I wonder when they will commence the buyback? No time like the present I think.

RNS out deal is done!

As predicted money to be used for buybacks amongst other uses.

Suddenly shot up 46p 2% what's going on?

Only good thing about PRU as far as I am concerned is it demerged Jackson at $25 and I bought a load more of them up to $36 reducing my PRU holding a bit. Jackson shows me 64% profit not including divs either which are pretty significant. PRU is -38% and pathetic divs. The far east and Africa growth plan has yet to bear suffering shareholders any fruit.

Maybe it was just oversold, SA coal over $100 per tonne as well now.

BAT is not really a UK share it just has it’s primary listing here. It already has a US listing as BTI in the states, if it de listed here and just went for US I don’t see how it changes the business. Altria (mo) is down 3% stateside today as well nothing to do with UK.

Thanks, we will see what happens on the 20th then. Fingers crossed!

How much capital surplus do you think they will have? From the share price action the market will be expecting very poor results.

Wish I had sold on results day. This has become a real dog.

Barclays might have it totally wrong, let's face it a lot of broker targets are pure fantasy.

Unless you go through the hoops for a reduced WHT rate you lose 20% so effectively 108p drop for 60p dividend, not a good day today unless you sold out and missed divi.