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SXC Six Cont.

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0.00 (0.00%)
Share Name Share Symbol Market Stock Type
Six Cont. SXC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% -
Open Price Low Price High Price Close Price Previous Close
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Six Cont. SXC Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 20/3/2003 11:53 by opus1
There are two interim dividends, the second is based on the period up to the division of SXC. From then on each company will have its own dividend pattern. The second interim had a record date of 21st March, and will be paid on April 9th and will be at 6.6p per share.
Posted at 08/3/2003 00:53 by opus1
I assume the posters above are all shareholders - sometimes I wonder. As a shareholder myself I have voted for the separation to go ahead as I firmly believe the sum of the parts is greater than the whole. I want the next interim divi, and I want the 81p per share. These are certainties - and cash! A bidding war for Six Continents after the split will be far more interesting, both for the company and the shareholder, and also avoid pub divestment problems. Osmond is only interested in short term asset stripping for his own benefit; he has absolutely no knowledge of the hotel business, and neither does he have any knowledge of global management. In short, I consider his offer to be entirely frivolous and in my eyes he is bad news all round.
Posted at 03/3/2003 10:28 by jeffian
Too much CMI paper. The bid is only "worth" something if you believe value of CMI - but it's like a flea biting an elephant. Osmond's going to have to get his chequebook out if he wants to impress existing SXC shareholders (at least, this one!)

Regards, Ian
Posted at 25/2/2003 00:48 by chrisg
octopus100 - as has been stated before on this thread, £8bn is the anticipated combined value of SXC and Hilton together, after a merger. It is not a proposed bid price for SXC. Suggest you follow the link in snaptastic's post above and read the article.
Posted at 24/2/2003 00:45 by rara
5.7 billion pound divided by 867 million shares is 657p

8 billion pound possible white knight offer is the combined value of both SXC and Hilton so little increase in share price in present mkt conditions.
Posted at 29/11/2002 10:19 by marquis
I have cut and pasted the Dividends section from the announcement made on;

01/10/2002 07:01 UKREG SXC Six Continents Plc Separation/Return of Capital

At the end of the press release there are contact phone numbers, one of which I rung trying to ask the question, "When is the date for the redistribution of the share capital?" Some 'highbrow lady' replied through interruptions to my question, that she was not allowed to divulge this information!!

Does anybody know of the date of capital redistribution?

Dividends Based on today's trading update, the Board of Six Continents expects to recommend a final dividend for 2002 of 24.6p per share, resulting in a total dividend for the year of 35.3p per share, an increase of 2.9% on 2001. In 2003, the Board of Six Continents intends to declare a dividend for the period prior to separation of 6.6p per existing Six Continents share. The management of Hotels and Retail intend to establish progressive dividend policies that are appropriate to their strategies. Six Continents' share capital will be consolidated on the basis of the return of funds as a proportion of the market capitalisation of Six Continents prior to separation. Accordingly, references below to proposed dividend payments take account of this consolidation. The management of Hotels intends to recommend that a final dividend for 2003 and an interim dividend for 2004 totalling 13.5p per new Hotel share is declared, and will seek to grow dividends in real terms and build cover over time as the hotel cycle improves. The management of Retail intends to recommend that a final dividend for 2003 and an interim dividend for 2004 totalling 8.5p per new Retail share is declared, and to grow dividends in real terms. In both cases the final dividend is expected to account for around 70% of the total annual dividend per share. After the appropriate share consolidation arising from the return of funds, this is expected to result in a reduction in aggregate dividends per share of approximately 38% in the first year after separation compared to the expected 2002 total dividend per share.
Posted at 21/11/2002 15:34 by intrinsic
Bloomberg @13:34
Six Continents Plc (SXC LN) rose 14p, or 2.6 percent, to 555. The company may sell its Mayfair InterContinental Hotel for as much as 100 million pounds, Merrill Lynch & Co. said

Bloomberg
Six continents Plc see's Asian hotles ripe for acquisition looking to add 25 by 2004.

With results on 05/12/02 sxc are at last looking to do something with their cash pile, interesting with the rally of the last couple of days looks as if we could be breaking out of the medium term downward trend.
Posted at 08/10/2002 10:26 by rempang pilot
SXC.... Simple Arithmetic or Higher Maths.?

Last weeks details of the split, plus dividend slashed by 40% brought the price tumbling to 528p.
At this price 1000 shares cost £5310 at 488p today £4910
Less div 35.3 and pre sep div 6.6 4901 4491

Return on Split 81p Capital employed 4091 3681

Max forecast div Hotels 13.5p
Restaurants 8.5p total 22p
Dividend yield if met 5.377% 5.976%
Posted at 21/7/2002 19:53 by pkvidean
I'm currently a bit shellshocked, ashtongray, and my brain is slightly overheating with it all.

However, I did buy SXC in my SIPP @ 569.2p. Currently showing a profit but I am far from sure whether the 550p registered on 17/07 is going to be the bottom. US has 10% further to drop IMO (Dow @ 7200) before the markets can be bought with any degree of confidence. If UK matches that then we are looking @ 3683. That would represent excellent value for UK and would take SXC back down 564.25p on a market perform basis. The good yield and balance sheet should help so we may have reached the floor for SXC but last September's 513p has an ominous lure about it.

I also picked up a quiet amount of HG. on the spread @ 180.5p. That one has also done well but, once again, I suspect that the 173p registered on 15/07 will also be breached and I subsequently took out a 100% covering short @ 204.25p to lock in the small profit.

I expect to continue to hold SXC in my SIPP and buy more if and when FTSE hits 3683 (assuming SXC falls to circa 530p). As for HG., I cannot really decide what to do but may end up closing both Long & Short positions to help preserve margin.

I am certainly dreading tomorrow. City Index futures are forecasting about a 96 point initial drop to about 4002. From there I am tempted to close most of my shorts and go heavily overweight Long because there must be a good chance that Dow puts in an interim rally before taking its final plunge (should this not have happened already on Friday @ 7966 - 5/1 against). Not sure I'm feeling that brave, however, and may just decide to reduce pro rata (currently 59% Long and 41% short) and preserve margin.
Posted at 04/7/2002 20:11 by pkvidean
The Leisure sector, as indicated in my previous post, now catching up for lost retracement ground and SXC has already touched 614p and HG. 208p. Still think the market has at least one more rout day in it and the initial entry target of 583.5p still stands for SXC.

In trying to decide whether to go for SXC or HG. I am using the price on 22/01/1999 as the initial target post bear. SXC was 778.5p on that date giving an upside gain of 33.4% from 583.5p. HG. was 216.5p on the same date requiring a drop to 162p (probably a more realistic downside target than previously indicated with an initial entry level of 179p to avoid missing the start of the rally) for a similar percentage gain.

However, HG. tends to be more volatile than SXC and the potential upside from the initial rally point should be greater for HG. Neither stock is especially volatile and over the last 3.5 years the maximum swing was for HG. i.e. from 336.75p (during 1999) to last September's 152p - a downwards move of just 54.9%.

Incidentally, my only current Leisure representative (larger caps) is FCD which has already reached a viable initial entry level (93.5p yesterday). Will probably still fall further but a snip at the currnt price.

IMHO.

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