These have recovered back to 100p - so did we all enjoy the ride, and did anyone manage to pick any up under 80p?
Moved from banking to better board. Raptor.
Thanks to bruncher,niord,gvonge,Shelford,GrahamPlatt, for Donating to support the site
moorfield wrote:Not really banking sector, but continuing a thread about RE.B that was posted here on the old TMF site ..
These have recovered back to 100p - so did we all enjoy the ride, and did anyone manage to pick any up under 80p?
GSVsowhat wrote:for those who have not seen REA have deferred the dividend on the 9% Pref shares - down c 23% today to 59-61
News on the website
The directors have therefore concluded that the half yearly payment of dividend on the group's preference shares due on 30 June 2019 should be deferred pending an improvement in CPO prices. The directors recognise the importance of dividends to holders of preference shares and intend to make up the resultant arrears of preference dividend as soon as they feel that the group can prudently afford to do so.
moorfield wrote:I wonder if anyone has held any others and experienced similar in the past?
moorfield wrote:[
These are cumulative so the arrears of preference dividend have to be paid before the ordinaries. I can live with the interrupted cashflow in my portfolio, and am sorely tempted to buy more with the price becoming distressed. 62.5p, (notional) 14.4% yield today.
Interesting times. Anyone else?
Users browsing this forum: No registered users and 5 guests