||ORD 1P (DI)
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|Terra Catalyst Daily Update: Terra Catalyst is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker TCF. The last closing price for Terra Catalyst was 98.50p.|
Terra Catalyst has a 4 week average price of 98.35p and a 12 week average price of 100.01p.
The 1 year high share price is 106p while the 1 year low share price is currently 89p.
There are currently 15,504,787 shares in issue and the average daily traded volume is 10,200 shares. The market capitalisation of Terra Catalyst is £15,272,215.20.
|erstwhile2: They are just redeeming available cash - £2.3m - which is about 13.06 pence per share held. Doesn't matter how many shares they redeem.
Choosing 11.93% makes the redemption price per share around the mid market level, so that there isn't a share price hit. If they redeemed something like 6.5% of the shares at 201p/share (ie NAV), there would be an immediate adjustment to the ex-redemption share price - like a rights issue adjustment - downwards, to provide the same total of the [remaining shares mkt value + cash received] as prior to the redemption.
That said, the signalling nature of a NAV redemption rather than a MktPx redemption would be stronger IMO.|
|edwardt: well worth the wait - glad i hang around. interesting also to note, despite the enormous rise in the share price, the discount has actually widened out! i can not say that has happened to me before!|
|topvest: Yes, very good news indeed. It's all a bit odd that this was announced today when the annual report was received a matter of days ago with no reference. Anyway, I've held these for a while and they should continue to perform well as the Spazio value is realised. This dividend policy should push the share price much closer to NAV imo as the "no income" policy was a negative for people looking to invest here. Happy to hold for the next few years and beyond as they have a sound strategy.|
|fozzie: What effect if any will the ims this morning have on the tcf share price? The 41p offer does look a complete undervaluation of reit especially now the nav has risen to 72p. I own shares in neither but am looking to buy here shortly. Fingers burned this week with keif and dont want a repeat performance.|
Terra Catalyst share price data is direct from the London Stock Exchange