Adams Share Discussion Threads

[eenmakkie] 14/3/2008 08:58

now we can do nothing anymore but wait,....., like the last 365 days we are waiting already.

Has anyone received already the papers (info) about the dividend?

[par12] 13/3/2008 16:22

I am afraid it is. But look on the bright side, you should get a DIVI

[latifs100] 13/3/2008 12:19

forgive me for asking this... but what has happened to the shareprice.. i bought at 28p?.. its not 5p now is it?

[hotfinance14] 13/3/2008 09:32

I see..its gone X-Div so everybody has sold out.

[chrisdgb] 13/3/2008 08:40

ok I am not sure what your 'axe' to grind is but stop posting nonsense. We estimate there will be 32p cash first payment circa 26p, so with spread 5.5p mid market price is bang on.

I will report you to the FSA if you post more misleads.

[par12] 13/3/2008 08:36

Maybe the FSA stepped in

[bohemia] 13/3/2008 08:33

Don't be ridiculous hf,the dividend is maybe 26p so ofcourse it's going to drop significant.

[hotfinance14] 13/3/2008 07:45

Hell of a drop after ex-Div.

[eenmakkie] 13/3/2008 07:40

still no announcement?????

[hotfinance14] 13/3/2008 07:32

Ex--div..and 60% down!!!!

[mmc71] 13/3/2008 07:31

It went ex-div - but we are still waiting confirmation of the dividend amount.

[hotfinance14] 13/3/2008 06:49

What happened to the share price yesterday ?

[par12] 12/3/2008 21:36

Never trust anyone; til the deal is complete

[deep powder] 12/3/2008 13:52

appreciate that nick. I was certainly working more on the Bloomberg amount. I think we need a clarification from the company....

announcement please over relevant number of shares and cash paid.

thanks.

[mmc71] 12/3/2008 13:48

"mmc71 - Im afraid you are wrong about it making no difference to the total payout. You are at the mercy of the forex rates. I have quite a chunky holding here and if cable moves 1% it equates to £1600 to me."

Nick you are wrong.

Adaminds assets are in sterling so you have nothing to worry about from exchange rate movements.

The fact that they announced the dividend paid in USD is purely because USD is their accounting currency.

What will be affected by exchange rate movement is the value of the FIRST payment, but the TOTAL of FIRST + SECOND will not be affected as the assets are sterling based.

If cable moves against you, you will get less in the FIRST payment, but the amount that remains in the company will be greater and you will get this as part of the SECOND payment.

[nickcduk] 12/3/2008 13:42

It went XP yesterday. The 23.87p is from what IG Index have credited accounts with. Bloomberg was quoting an estimated dividend of $0.5321. There is obviously a discrepancy between the 2 figures. I am trying to find out why and will report back if I get an answer.

[deep powder] 12/3/2008 13:34

was there a specific time it went ex the payment?? Also where is that 23.87p from Nick??

[bohemia] 12/3/2008 12:40

Now 5/12: about right actually - I reckon they about 8p/share left to distribute so anyone who bought for 27p has a nice gain whether it's 23p or 27p today. But it would be nice to know.

[nickcduk] 12/3/2008 12:28

It is a complete mess. Now being told the dividend paid was 23.87p. Bloomberg estimate of yesterday was $0.5321. Not sure what the hell is going on.

[bohemia] 12/3/2008 12:08

Spread now moving ex-d: 8/15. Not the right value either. What a total farce.

[par12] 12/3/2008 11:06

The company may have to pay the CAP GAINS TAX in behalf of investors; Just like the banks pay tax on savings accounts, on your behalf. In that case you will expect 13p a share and the rest you claim back from the UK tax man. and if you are entitled then you will recieve a cheque

Is that possible ?

[nickcduk] 12/3/2008 10:45

mmc71 - Im afraid you are wrong about it making no difference to the total payout. You are at the mercy of the forex rates. I have quite a chunky holding here and if cable moves 1% it equates to £1600 to me.

On a more surprising note is that the shares actually went XP yesterday. The shares should therefore have been marked down 26.5p. If anyone sold yesterday they will still be entitled to the 26.5p payout. The market makers haven't adjusted their prices today as there is still some confusion out there as to what the dates are. There is however no market in the stock as the MM figure out whats going on. I imagine later on today the share price will fall sharply to reflect yesterdays XP. It is a total shambles but Ive come to expect nothing more from ADA.

[mmc71] 11/3/2008 21:59

Their accounting is in USD hence they have to declare the dividend in USD, but their assets are Sterling. Its no big deal and makes no difference at all to the TOTAL payout.