Cqs Rig Share Discussion Threads

[gary1966] 08/7/2011 12:44

steelwatch,

Did get another reply but it didn't answer the question I asked. They told me how much the final dividend for 2010 was and when it was paid. Quite unbelievable really. Sent back a curt response and now my query has been passed on to someone who deals with these matters.

Why do firms pay for investor relations departments when they are as useless as this. If someone ever talks to management it may be worth mentioning this. The money they save could then be distributed as a dividend.

Gary

[steelwatch] 08/7/2011 11:26

Gary - still no reply.

[tiltonboy] 06/7/2011 13:45

I haven't. I will chase in a few days time.

[gary1966] 06/7/2011 13:43

Tilts,

I hear what you are saying but they do the investor relations for the company per the CQS website.

I assume that you have not had a response yet.

Gary

[tiltonboy] 06/7/2011 13:15

Gary,

You have been answered by the Registrars to the company; they won't have a clue what you are talking about. You need to speak to the managers.

[gary1966] 06/7/2011 12:34

Steelwatch,

Yes the buy the other day was my only purchase since returning to the fold.

I re-iterate however that since when can only shareholders ask a question of a company. I may be a potential investor wanting clarification prior to making a purchase. In fact I wish I had done it this way as the way that Investor Relations are treating me they could go and swivel.

This is the latest response that I have received:

Dear Mr

As your shares are held in a nominee account, we cannot help with your enquiry.

Please contact your broker for the information you require.


Barbara Lynch
Administrator - Shareholder Administration
Capita Registrars

I have bought these shares through a cheap online broker and they are not going to start asking questions on my behalf for £8 per trade. If CQS investor relations were my wife I would be getting the marriage annulled by now as I cant even get to first base let alone off it. Hope you have more luck than me.

[steelwatch] 06/7/2011 12:13

Gary - was that your first purchase on 4th July? If so, it may explain why they can't find you yet. I haven't had a response so far and just off out for the rest of the day now.

[gary1966] 06/7/2011 12:08

Had a response to tell me that they can't find me on the share register. Most unhelpful given that most holdings are in nominee accounts and this is what I would expect. Have replied to this affect and hopefully they will now answer the question I posed.

Since when do you have to be on a share register anyway to ask a company a question?

[steelwatch] 05/7/2011 16:22

As at the close of business on 04 July 2011 the Estimated NAV per share was
28.07 pence.

[gary1966] 05/7/2011 11:12

steelwatch,

No probs. More the merrier I say.

[steelwatch] 05/7/2011 11:09

I have emailed Mrs Le Prevost regarding the about/overview page.

edit - sorry Gary. Had not seen your post.

[gary1966] 05/7/2011 11:05

I have sent an e-mail to shareholder enquiries to try and get some clarification on the dividend policy going forward. Will let you know if I get a reply.

Edit:

I see that shareholders can vote at the 2014 AGM on the continuation of the company. Assume the discount to NAV will reduce the closer we get to this date.

[tiltonboy] 05/7/2011 10:53

steelwatch,

I had to read it three times when it came out!!!

Slightly ambiguous in parts, but misleading if you didn't read it properly.

[steelwatch] 05/7/2011 10:41

tiltonboy - no problem if it is out of date, but appears to be as quoted on the website "About" page. Could you point me to the correct info?

edit - oh, as per the AGM

Letter to Shareholders - Notice of AGM, Proposed Final Dividend, Investment Objective: 4 March 2011



About time the "about" page was updated!

[tiltonboy] 05/7/2011 10:26

steelwatch,

Can you delete/amend your post 294, as it relates to the OLD Investing Policy.

tiltonboy

[gary1966] 05/7/2011 08:00

Edit:Original post based on old investment policy.

[gary1966] 04/7/2011 16:02

Just picked up that 79497 at well within the spread and so I would say that there is some stock about, or did I get lucky?

[steelwatch] 04/7/2011 09:46

Notification of Major Interest in Shares - Ironsides increase to over 15%

[steelwatch] 01/7/2011 15:08

As at the close of business on 30th June 2011 the Estimated NAV per share was 28.18 pence.

[steelwatch] 28/6/2011 15:22

As at the close of business on 27 June 2011 the Estimated NAV per share was
28.21 pence.

[steelwatch] 28/6/2011 09:35

Looking back to 2007, I suspect the next interim dividend announcement may come in August, but just guessing. Probably completely wrong.

[tiltonboy] 28/6/2011 08:46

Would have preferred a little more clarification on the quantum of the dividend. Half yearly EPS of 1.86p would suggest a lot of scope for a big increase.

[steelwatch] 28/6/2011 08:10

The Company's investing policy is to provide Shareholders with an attractive total return, primarily through income, with scope for capital appreciation. The Company targets, in the absence of unforeseen circumstances, an annualised gross dividend yield of 8 per cent of the Net Asset Value of the Company per ordinary share as at the beginning of the year.

Source:

New investing policy since agreed at the 2011 AGM - see post 303

[tiltonboy] 21/6/2011 14:46

SKYSHIP,

Now debt-free, I can't see any reason why they can't pay 2p divs per year.

[skyship] 21/6/2011 13:46

Interims 28th June last year.

Hi Tilts - accidentally stumbled across these when searching for 8% yielders. Are you anticipating 2 x 1p divis this year? That would deliver 8% @ 25p....