Member Info for TomE

1gandhi hey,

Jonno's question was :-
I just wanted to know the way in which GGP would pay shareholders IF there was a one payment of some kind .I just wondered what the mechanism is in principle for any dividend one off payment and was it via ones broker or via a company direct.
IMO meaning how do we get paid if there was an an offer made !! say do we get a say 25% in shares and a 75% cash payment !! how is the transaction made ?? that is the question.

Cheers

Tom :-)

1gandhi hi,

I know what you mean but I am a little confused to say the least.

If NCM say put in an offer for say £1 billion and say I have 1 million GGP shares. How do NCM / GGP buy my shares, they can not just take them out of my account. The question is how do they do the transaction. They can not give me GGP special dividends or would they be NCM special dividends or how would they pay CASH ??????

Cheers

Kev Hi,

Yes my account with ii also show the closing price at 10p but if it was a direct single purchase why show it as a U/T ???????
that's why it surprised me. Also normally the LSE closing price eventually shows the closing price above and in this case it shows SP 9.325. I do agree with your part re "couldn't fill during the day and the buyer therefore agreed to pay the premium" the 10p, that could be the answer, and maybe why the sp above could not take the auction close UT price into account as this action was after the LSE closed!!!!! must admit I have never seen that before.

Thanks for your reply a good explanation and lets hope it will open Monday at 10+ that would indeed be very nice indeed as to see it open at under will be a disappointment for sure, but lets look on the bright side :-))))))))))))))))))))

Thanks again Kev, put my mind at rest :-)

Keep safe and great w/e to all.

ATB

Tom :-)))

Tig Hi,

I think what he meant was. If there was a buy out of GGP say 1 billion cash for example, how are the shareholders paid. Maybe 25% extra shares and a 75% payment. How are the extra shares / cash payment get into your account ????

SN hi,

You are very welcome, hope you are well !!

Be a great next week for sure!!!!!

ATB

Tom:-)

Kevin hi, thanks for your post, just to confirm my own thoughts on an U/T.

I am glad that you posted that as IMO and my belief "That trade" was not a one person actual trade as it is marked UT.
In short:- At the closing of the auction the total bids/offers are frozen and an attempt ( algorithm) is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT)
An order-matching algorithm is run which seeks to find a price ( In our case 10p ) at which the executable volume is maximised. In other words, the price reached is the price at which the highest volume takes place and that result is a figure only and was 10p. Some say that an UT can be ignored as it is used for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction.

Maybe this will explain in detail so others can understand more in detail about the UT symbol.

Personally I believe the SP will resume back on Monday to the actual closing price around 9.4p and not the end Auction UT figure at 10p. (It will show up as a closing price but it is the UT price and not the actual normal trade price as we know it as).

Normally most days after close you will always see a U/T in the share trade section to the very right of the trades some are shown with an 0 ( ordinary ) some with an A ( automatic ) and the other is UT ( uncrossing trade )

10p / 11 ????????????????????????

Something has rattled the cage.

Just hit 9.35

Something is on the cards GGPSP

Think next week could be a bonanza, I can really "feel it", together with the positivism on here and general great time knowledge its looking absolutely GREAT imo. ????? just a thought, what a share. Think its about to blow !!!!!!!!!!!!!!!!!!

Have a Great W/E all and keep very safe and cool.

ATB

Tom :-)

CB hi,

Great!!!!!!!!!!!!!!! thanks to those silly selling, bring em on, every one sold will be snapped up FOR SURE !! How can these sell at such a time , beyond me. :-)))))))))))))))))

Spy I had to laugh !!!! Reign it in again ( Rein ) lol. I loved your post 13:52 I spilt me beer :-)

ATB and have a great w/e its been a good week.

ATB

Tom :-))

Spy It is still May !!!!! Outlook Calender is OK its YOU! lol joking so don't get the hump. :-))) The Suns out.

Spy hi,
the 11th is Thursday ??????

SMTM hi,

What a relief LOL

Cheers :-)

Sorry tomorrow night???????? LLLOOOLLL what a hoot. Why could you not say when we can see the report ?? you should count sheep not chickens, lol joking of course.
Best post I have seen today, time for a beer, that gave me a head ache. :-))))))))))))) I bet that's stopped some from bickering :-)

You mean tonight ??
Update tomorrow Morn
9 hours behind = later tonight

VT hi,

Going to be a great meeting !! I hope they like each other ? LOL

Keep well !!

ATB

Tom :-)))

Spy hi, ill drink to that :-))) ATB.

Spy no prob's only a friendly message that's all.

ATB

Tom:-)