||ORD SHS OF 0.1P
||EPS - Basic
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|Equity Investment Instruments
|Plectrum Petroleum Daily Update: Plectrum Petroleum is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker PPE. The last closing price for Plectrum Petroleum was 10p.|
Plectrum Petroleum has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 4,804,658 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Plectrum Petroleum is £480,465.80.
|grosvenor: PPE is a VCT and is going XD on 8/10/15 with a 30p dividend. The share price is only 79/85p . Since that is over 30% return on the 85p buying price. The shares are traded at the moment at extremely low volume. As you can see, there is a 6p spread, which means (assuming the share price remains reasonably stable, which it has over the last year) . This means a 24p profit per share. So on 1000 shares for example, x 24p = £240 profit less dealing costs, say £25, still leaves £215 possible profit (21.5%)
Usually as you know, when it comes XD the share price drops. I cannot see it dropping by 30p! , the amount of the dividend payout. I have contacted Hargreaves & they said dividends from VCT's can be paid from assets giving profit. Since this VCT had 7 companies & now has 4 it would appear they are able to pay out this high dividend from profits already made selling the 3 companies.
On the downside, the share price drops 30p which means the dividend is wiped clean which gives 6p loss per share X1000 shares = £60 + £25 dealing costs over a couple of days.
Any ideas anyone?|
Plectrum Petroleum share price data is direct from the London Stock Exchange