||ORD 10 5/11P
||EPS - Basic
||Market Cap (m)
Real-Time news about Alent (London Stock Exchange): 0 recent articles
|weird_dave: I'm struggling to spot a reason for the drop in share price this week, have I missed something?|
|robertfaulkner: Part of FinalResults, today 7am (RNS)
Overall pretty good, share price up 4% so far, hope it can hold to close
§ Continued outperformance against our principal end-markets
o Growth in NSV of 4.6% (at constant currency rates)
o H2 momentum with H2 2014 NSV up 5.4% versus H2 2013 (at constant currency rates)
§ Earnings and margin growth (at constant currency rates)
o Adjusted operating profit up 7.6%
o Adjusted EPS up 11.1%
o NSV margin up 60 basis points to 23%, reflecting margin improvement in both business units
§ Continued strong cash conversion at 90% of EBITDA and net debt down to 1x EBITDA
§ Final dividend of 6.0 pence per share; resulting in full year dividend of 9.0 pence; growth of 4.7%
§ New investment plan announced to accelerate growth strategy; 2015 CAPEX increasing to 1.5 - 1.8x depreciation
Commenting on the Group's results, Andrew Heath, Chief Executive said:
"I am delighted to have joined Alent as Chief Executive. My first impressions of the business have reinforced my view that the Company is well positioned in its chosen markets and has strong prospects for the future.|
|rabbar: Will be surprised to see any upside in share price today as turnover down by 40m (on non constant currency basis). On the upside final dividend increased to 6p so worth holding.|
|ih_434387: Financials For Previous Years
Results out on Monday, not sure which way this will go, but we need to see a top line improvement as well as bottom line for the share price to move up. This (turnover) has been falling year-on-year since split and may be due to the sell off of non core assets as well as currency movements.
As the table shows 655.7m of the 684.7m turnover was genereated abroad so currency plays a big part in the top line and so performance will depend to a large extent as to the currency they bill in.|
|thaiger: Will it be affected by the announcement on 19th Feb:
Alent plc reaches settlement with MacDermid Inc. on legacy corporate activity
Under the terms of the settlement, Alent will pay US$10m (£6.4m) in full and final settlement of all claims.
Reason for the share price down?|
|rabbar: IMS due tomorrow. Hopefully good trading figures to push this on as share price is still disappointing from initial Cookson split price.I'm feeling it will be disappointing again so hope I'm wrong.|
No special treatment from Hargreaves Lansdown. The funds go into a separate account (Income and loyalty bonus). This caught me out before and you can transfer to your trading account to withdraw or invest.
Thanks all is well apart from the share price. Will probably be transferred just before end of trading today.|
|rabbar: Nobbyx I suggest you read this document http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/dividend-procedures-2014.pdf which states:
A special dividend alongside a consolidation will be deemed ex-entitlement to the dividend on the effective
date when dealings in the consolidated shares begin. The record date for the dividend and consolidation
should normally be the business day prior to the effective date.
These are the rules and it is also stated in the http://www.alent.com/sites/default/files/attachments/Circular_to_Shareholders_and_Notice_of_General_Meeting270814.pdf as I showed before (as below) which is an official document checked by lawyers brokers and registrars (sorry if they didn't consult you).
Date of publication of this Circular Wednesday 27 August
Ordinary Shares marked ex-Existing Interim Dividend Wednesday 24 September
Latest time and date for receipt of Forms of Proxy 2.30 p.m. on Wednesday 24 September
Deadline for receipt of Alent Dividend Reinvestment Plan instructions 5.00 p.m. on Friday 26 September
Record date for the Existing Interim Dividend Friday 26 September
General Meeting 2.30 p.m. on Friday 26 September
Cancellation of trading of Existing Ordinary Shares 4.30 p.m. on Friday 26 September
Shareholder Record Date for the Special Dividend and for the
Share Consolidation 6.00 p.m. on Friday 26 September
Commencement of dealings in New Ordinary Shares 8.00 a.m. on Monday 29 September
Ordinary Shares marked ex-Special Dividend Monday 29 September
CREST accounts credited with New Ordinary Shares Monday 29 September
Despatch of cheques for fractional entitlements and certificates for
New Ordinary Shares; CREST accounts credited with the value of
Wednesday 8 October
Payment of the Existing Interim Dividend to Shareholders Friday 17 October
Payment of the Special Dividend to Shareholders Friday 17 October
Ex-dividend Frequently Asked Questions
What does ex-dividend mean?
When a stock is classed as ex-dividend it means that if you were to buy shares you would not be entitled to the forthcoming dividend payment.
When is the latest time I can buy shares and still qualify for the dividend?
In order to qualify for the dividend you must have bought shares before the close of business on the day preceding the ex date.
How soon can I sell shares and still qualify for the dividend?
You can sell the shares as soon as the market opens on day they go ex. Usually they will already be marked down to reflect the ex-dividend status.
What if I have bought on an extended settlement, such as a T+20?
The settlement date is irrelevant; your ownership is based on the contract date.
What's the record date and why isn't it the same as the ex-dividend date?
Don't worry about the record date. It's an administrative date, usually two days after the ex-dividend date (after 6 Oct 2014, one day).
Are ex-dividend dates always Wednesdays?
Mostly, but not always. After 6 Oct 2014 they'll usually be Thursdays. There are occasionally circumstances where the ex-dividend day is different. These can occur when there is some other corporate action, such as a consolidation. They are basically there to catch you out and can be excellent trading opportunities, provided you're convinced you've got it right and the market has got it wrong!
What about tax?
Normally the dividends on UK shares are quoted and paid net of basic rate tax. If you pay tax at a higher rate you will have to pay the difference through your tax return.
What about CFD positions?
If you hold a CFD position you will not receive dividends as such. However, an adjustment will be made to your account on the ex-dividend date to reflect the share price movement due to the dividend payment. Typically you will receive a 100% credit on long positions and a 100% debit on short positions of the net dividend value. Terms may vary between CFD providers. Note that this is not classed as dividend income by the Inland Revenue but as a capital adjustment to your CFD position. This means you are potentially liable to capital gains tax on the dividend adjustment - something worth bearing in mind if you plan to scalp dividends through CFDs.
What about spread bet positions?
Adjustments are made in lieu of dividends in the same way as CFD positions. However, there are no tax issues to consider as spread bets are free of tax.
Are there any dividend adjustments if I trade the FTSE indices?
Yes, if you trade the FTSE indices there will normally be an adjustment made to your account to reflect the effect of companies which have gone ex-dividend. Terms may vary between providers.
You crack on If you want to believe otherwise.|
|rabbar: Woody yes something definitely afoot as the sudden departure of the CEO today would indicate, which seems to have affected the share price today.Hoping not to have to sell before it all becomes clearer.|
|robertfaulkner: WHAT IS THE POINT OF CONSOLIDATION OF ONE TWENTYTHIRD OF ALL SHARES?????????????
So I get 22 shares for every 23 I own now????
It is proposed that the payment of the Special Dividend be accompanied by a consolidation of Alent's Existing Ordinary Shares. The Share Consolidation will replace every 23 Existing Ordinary Shares with 22 New Ordinary Shares and is intended to broadly maintain comparability, as far as possible, of Alent's share price before and after payment of the Special Dividend.
Upon the Share Consolidation becoming effective, the nominal value of Alent's ordinary share capital will change from 10 pence to 10 5/11 pence per New Ordinary Share. Fractional entitlements arising from the Share Consolidation will be aggregated and sold in the market on behalf of the relevant Shareholders. The proceeds of such sale are expected to be sent to the relevant Shareholders on 8 October 2014.|
Alent share price data is direct from the London Stock Exchange