Invensys Share Discussion Threads

[jak1] 17/6/2013 10:43

yes, someone knows something, but we all know there going sooner or later...

[rumpelstiltskin2] 17/6/2013 09:42

I read somewhere, I think in the IC, that these would get taken over after the special dividend. is it starting to happen?

[m welsh] 14/6/2013 13:17

My qty of shares has just been updated through Barclay's, now 20% lower

[bakero] 12/6/2013 20:11

Payments will be made by 3rd July to those on the register last night, unless you went for the deferred capital option in which case April 2014

[chatterbox] 12/6/2013 18:46

Can someone tell me what is happening with the return of cash to shareholders or has it happened with the adjustment of shares or is it a separate transaction. Not had this before

[bakero] 11/6/2013 17:58

With the closing price today at 3.931 the equivalent opening price tomorrow (post consolidation) would be 3.955.

[rumpelstiltskin2] 06/6/2013 08:28

can you offset them against profits? might be able to use to offset against profits in following years. check with your tax advisor

[tradeit4] 06/6/2013 08:15

Hi,
Does anyone understand the tax implications of the Capital Option.
I first bought these shares 15 or more years ago when the company was called BTR. Since then shareholder value has been destroyed by a series of share consolidations. In fact my average price is around £60.00 per share. Unbelievable i know.
I presume i will create a huge capital loss, Then what?

[peterbill] 06/6/2013 00:43

Thanks donkeystone ... think I had to contact them by the 6th ???

[donkeystone] 05/6/2013 07:59

Peter, this is not advice. I am with a stockbroker whose note asked me to advise them of my choice no later than yesterday. As far as I can see the default choice inside a sipp should not have tax issues. You should, however, contact your broker and/or tax advisor directly as everyones tax situation is different and time is of the essence here. DYOR

As ever

£4.40

ttfn

[peterbill] 05/6/2013 06:30

Do we have an option on how the divi is paid?

I'm away at the moment at am struggling to open my account to read the message? ... very slow to non existant internet ... :-(

My ISYS Held in a SIPP, and I believe there are choices on how to take the divi.

Any pointers?

[rumpelstiltskin2] 03/6/2013 19:22

companies have consolidations with special dividends to bring the share price back to approximately the same level, which takes 320 back to 400. you could gain or lose, depending on which way it moves after that

[m welsh] 03/6/2013 12:54

Am I right in saying, we get 76.7p per share we hold today and then Invensys re-issue the shares at a ratio of 4 for every 5 held. If this is the case, them assume the selling price of £4.00 per share would effectivly drop to £3.20 a share per share you hold today. You loss 20% of your current share qty !!. So to summarise you get 76.7p back and loss 80p

[rumpelstiltskin2] 03/6/2013 11:58

looks like its moving now tho. could this be the big jump to snap up that massive dividend

[rumpelstiltskin2] 24/5/2013 21:48

it was announced back in November

[mark_jm] 24/5/2013 21:27

Can someone explain why the share price didn\'t move following the announcement of the spec div?

[mark_jm] 24/5/2013 21:27

Can someone explain why the share price didn\'t move following the announcement of the spec div?

[bobsidian] 24/5/2013 09:21

You have to laugh.

Who are you to decide on who can or cannot post on what is an open forum ?

Who in your life has mistakenly given you the impression that you should be the sole arbiter on correctness ?

You are obviously someone who does not like to deal with questions and believe that you alone live in a world of exactitude. The stockmarket is far from being such a world. It constantly discounts perceptions of the future. If the stockmarket were an exact world we would not have the kind of volatility experienced over the last decade or so where stockmarkets have oscillated between valuation extremes.

I suggest you exercise some maturity and temper your apparent need to be so pedantic.

[rumpelstiltskin2] 23/5/2013 15:05

bobsidian
23 May'13 - 14:31 - 113488 of 113489 0 0 (Filtered)

[rumpelstiltskin2] 23/5/2013 15:04

I am fed up feeling obligated all the time to correct your ongoing falsities. I see you posted a lot on mining threads. that's a sector much more exposed to the Chinese slowdown, why don't you go back there

[bobsidian] 23/5/2013 14:31

I would be surprised if the tax liability due on the disposal of Invensys Rail was as low as around £80 million. But then again given the major upheaval experienced by ISYS some years back it would not be surprising if they were carrying forward unrelieved capital losses to offset against just such capital gains.

So with a reduced tax liability and an increase in sums dedicated for pension use then ISYS will be left with around £370 million from the proceeds of £1.7 billion. That cash equates to around 45p per share.

[rumpelstiltskin2] 23/5/2013 14:14

according to the results, they had net cash of £246m at March 31 and the disposal announcement estimated they would keep £372m from the disposal. this adds up to £618m after the £625m special dividend or £1243m before. the difference with my other number is the Reservoir Trust £225m. I wouldn't be surprised if the pension fund was in surplus now

[bobsidian] 23/5/2013 13:59

Per the RNS of 28/11/2012:

"The agreements reached with the Trustee of the Invensys U.K. Pension Scheme for the GBP400 million contribution and the GBP225 million Reservoir Trust will result in the cessation of the current deficit reduction payments of GBP40-47 million per annum and anticipate that no further contributions will be payable into the Scheme."

So in addition to the one off contribution of £400 million a further £225 million has been set aside to make ongoing pension contributions. If this is the case then ISYS may be left with around £150 million after tax is paid on the disposal.

[rumpelstiltskin2] 23/5/2013 13:45

it might be £1.2 to 1.3bn, I have to check again. this is before the special dividend, they still have the money. taxes and transaction costs were originally estimated at £80m

[bobsidian] 23/5/2013 13:35

How do you arrive at £1.5 billion in cash ?

Are ISYS not returning around £625 million to shareholders, paying around £400 million to clear the pension fund deficit and likely to be due to pay around £300 million in tax on the disposal ?

If this were so then would that not leave ISYS with around £375 million from the £1.7 billion proceeds on the disposal of Invensys Rail ?