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TPOU Third Point Investors Limited

22.50
0.05 (0.22%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Third Point Investors Limited TPOU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.05 0.22% 22.50 16:35:26
Open Price Low Price High Price Close Price Previous Close
22.50 22.50 22.60 22.50 22.45
more quote information »

Third Point Investors TPOU Dividends History

No dividends issued between 24 Apr 2014 and 24 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/11/2021 17:21 by grahamg8
Bought on Friday. Part of the story was the new Shell holding. Lo and behold Shell go for simplifying the business on Monday. Just as TPOU wanted. Timing right for once.
Posted at 14/2/2021 20:57 by rambutan2
A good 4th quarter leaving TPOU nav up 20% for the year:



Noted from letter that owns approx 18% of recent IPO Upstart (UPST), which has been on a tear since listing:

ir.upstart.com/investor-relations
Posted at 24/10/2020 22:20 by rambutan2
Bought a few in April as remembered how well Mr Leob had performed coming out of the GFC. In particular, his success in distressed credit. This time, thanks to the Fed, the credit opp hasn't really come about, but TPOU has done ok and the shares better as the discount has come in. I'm happy to hold for the time being.
Posted at 30/7/2018 19:24 by rambutan2
Worth noting:

25th July 2018

Completion of 30th June 2018 Share Conversion and Additional Sterling Quote

(Classified Regulated Information, under DTR 6 Annex 1 section 2.3)

Following the publication on 25th July 2018 of final month-end net asset values for

30th June 2018 the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 30th June 2018 share conversion date:
1.241194 US Dollar shares for each Sterling share
0.8056798 Sterling shares for each US Dollar share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be converted:

USD 0 shares of no par value into 0 GBP shares

GBP 1,553,767 shares of no par value into 1,928,433 USD shares

The Company’s Articles of Incorporation provide that whenever a number of shares is converted from one currency class to another, a corresponding number of unlisted B shares shall be converted so as to maintain the set ratio of B shares to ordinary shares. On this basis, the following B shares will be converted:

1,035,860 Sterling B shares of no par value into 1,285,703 US Dollar shares

0 US Dollar B shares of no par value into 0 Sterling B shares

Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:

50,004,787 US Dollar shares; and
0 Sterling shares

33,336,625 Dollar B shares; and
0 Sterling B shares

Application has been made to the Financial Conduct Authority (“FCA”) for the 1,928,433 new US Dollar shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s main market for listed securities on or around 27th July 2018

The Share conversion took place on 23rd July 2018

The Company announced on 20 June 2018 that in order to simplify its share capital structure, the Company’s ordinary shares denominated in sterling are to be converted into ordinary shares denominated in U.S. dollars to create a share class with a single denomination (“U.S. Dollar Shares”).

The Company today announces that is has made an application to the London Stock Exchange for a dual quote structure to be adopted allowing the U.S. Dollar Shares to be quoted in both sterling (the “Sterling Quote”) and US dollars (the “U.S. Dollar Quote”). Trading in sterling of the U.S. Dollar Shares is expected to take effect from 8:00 am on 27 July 2018.

As set out in the table below:

The existing TPOU ISIN will apply for the U.S. Dollar Quote and the Sterling Quote;
The existing SEDOL and TIDM will continue to apply for the U.S. Dollar Quote;
A new SEDOL and TIDM will be introduced for the Sterling Quote:

U.S. Dollar Quote Sterling Quote
ISIN GG00B1YQ7219 GG00B1YQ7219
SEDOL B1YQ721 BD2Z0L4
TIDM TPOU TPOS
Posted at 13/11/2013 11:46 by jonwig
FT:

Loeb's Third Point takes stake in FedEx

By Stephen Foley in New York

Dan Loeb, the activist hedge fund manager known for his coruscating attacks on company managers, has taken a stake in FedEx, the $42bn US parcel delivery group.

Mr Loeb – whose recent targets have included Sotheby's, Sony and Nokia – disclosed on Tuesday that he had met FedEx's chief executive, Fred Smith, to discuss ways to improve the company's performance.

More:



I was expecting a dividend announcement by now - around 80c - 5% of NAV.
Posted at 29/8/2013 07:18 by jonwig
H1 results this morning, very positive. Includes:

I am pleased that the strategic initiatives, introduced by the Board last year to narrow the ongoing discount to NAV, have made a significant impact across each of the share classes and we remain committed to reducing the discount further.

As previously announced, given the strong year-to-date performance by the Investment Manager, the Board expects that a dividend of 5% of NAV will be paid to investors in the fourth quarter of 2013, barring any significant adverse changes to NAV

Latest NAV was $16.27 suggesting dividend of around $0.80 and yield of 5.4%.

Don't know whether dividend will be "standard Guernsey", ie. include a 10% tax credit and no hidden elements. Can't find a prospectus.
Posted at 27/8/2013 18:57 by jonwig
TPOU = USD denomination, TPOG = GBP, TPOE = EUR.

You can convert between at certain intervals, and there are also 'B' shares in each class (unlisted).
About 95% of shares are USD. There are also 'B' shares in each class.

I'll put details into header tomorrow if time.

Performs very well when market is flat or rising (eg. up 3.2% this month to date) but could be suspect in a falling market, despite long/short strategy.
Posted at 27/8/2013 17:15 by praipus
Pardon my ignorance but whats the difference between TPOG and TPOU?

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