Electra Private Equity Dividends - ELTA

Electra Private Equity Dividends - ELTA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Electra Private Equity Plc ELTA London Ordinary Share GB0003085445 ORD 25P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 180.00 00:00:00
Close Price Low Price High Price Open Price Previous Close
180.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Electra Private Equity ELTA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
24/03/2017InterimGBX2,61230/09/201630/09/201706/04/201707/04/201705/05/20170
09/12/2016InterimGBX11030/09/201530/09/201615/12/201616/12/201619/01/2017110
26/10/2015FinalGBX7830/09/201430/09/201521/01/201622/01/201626/02/2016116
21/05/2015InterimGBX3801/10/201431/03/201504/06/201505/06/201524/07/20150
20/11/2007SpecialGBX2530/09/200630/09/200723/01/200825/01/200807/03/20080
04/12/2006SpecialGBX1730/09/200530/09/200607/02/200709/02/200709/03/20070
08/12/2005SpecialGBX2030/09/200430/09/200508/02/200610/02/200610/03/20060
17/12/1998FinalGBX630/09/199730/09/199808/02/199912/02/199908/04/199911.18
19/06/1998InterimGBX5.1801/10/199731/03/199826/06/199803/07/199813/08/19980

Top Dividend Posts

DateSubject
23/12/2019
08:14
plasybryn: Ex dividend 24th December. Paid 24th January. Nice tasty yield. 31p per share
18/4/2018
23:16
zangdook: They still don't appreciate the distinction between "return of capital" and "dividend". I sold out of ELTA, I don't trust them as they're clearly not acting in the interest of small shareholders.
18/4/2018
20:00
rambutan2: Am very much not a fan, but for the record: Chairman's Statement During the period the Company continued to pursue its investment strategy through its shareholding in Electra Private Equity PLC ("Electra"). At 31 December 2017, the net asset value attributable to shareholders of the Company was GBP82.4 million (2016: GBP487.5 million) or 26.20 pence per share (2016: 154.99 pence per share) (see note 12). The Company's net asset value was based on the closing price of 935.5 pence as at 31 December 2017 for the shares of Electra. As at the year-end SIGB, LP held approximately 29.90% of Electra through ordinary shares. The ownership level remains the same as at the date of this letter. Electra has realised a significant number of its investments during the past 24 months, resulting in the accumulation of excess cash balances. Electra distributed GBP1.7 billion of this excess to shareholders through dividends in May, July, and December 2017. Following receipt of the distributions from Electra, the Company paid three dividends to its shareholders totalling 143.5 pence per share. I am pleased to report that these three dividends returned GBP451 million to shareholders during 2017. On 1 June 2017, Electra's internal executive management assumed responsibilities from the former outsourced investment manager. Phase II of Electra's Strategic Review commenced at this date and was announced in October 2017. Electra announced that it would no longer participate in private equity. Going forward, the company would institute an optimised capital allocation policy measuring prospective returns on shareholders' capital versus returns of capital to shareholders. On 7 December 2017, Electra announced its fiscal 2017 results noting that its 30 September 2017 net asset value per share was 1,074 pence per share, after the payment of the dividend on 1 December. Cash and assets sold but not yet closed represented 30% of net asset value. Electra also noted that, before the deduction of marketability discounts, the comparable net asset value was 1,683 pence per share. During the year the Company repaid the remaining GBP20 million outstanding principal balance on the revolving loan facility with HSBC Bank plc (the "Facility"). Subsequently the Company cancelled the Facility and as a result has no borrowings. Pursuant to its existing authority, the Investment Manager may sell, short or otherwise dispose of all or a part of such shares held in Electra or purchase additional securities at any time. Details of Related Party Transactions are contained in Note 15 of the Notes to the Condensed Consolidated Financial Statements. We are grateful for your continued support and will keep you informed of the status of our investment as it develops. http://uk.advfn.com/stock-market/london/sherborne-investors-SIGB/share-news/Sherborne-Investors-GuernseyB-Ltd-Final-Results/77200992
23/10/2017
11:11
zangdook: "Consistent with our stated aim to return excess capital to shareholders, I am delighted to announce a further special dividend" This is quite outrageous. Dividends are income for tax purposes, not return of capital. The man claims to be looking after shareholders but he's only looking after corporate shareholders. He's handing over substantial chunks of our investments to HMRC.
23/10/2017
07:50
horndean eagle: fwiw i imagine photobox in at a pretty conservative amount so should lead to marked uplift. TGI trickier as de-rating across sector likely to kill off much buying interest for time being. Still ELTA have track record for being conservative on valuations so hopefully room for maneuver
23/10/2017
06:47
grahamg8: Will be left with 212p cash plus 111p to come from incomplete sales. But we probably need to wait a while before another dividend. Need to sell one or more of the remaining larger investments or the portfolio as a job lot.
17/7/2017
11:15
grevis: Dividend now in my account. Shares now on the rise!
17/7/2017
08:12
stewart64: I got my dividend electronically on Friday, didn't reinvest it in Electra. Over half the assets sold off so very difficult to make a judgement going forward . If you believe the NAV it's trading at a discount.
14/7/2017
13:28
grevis: I would be surprised if anyone has had this dividend today as it usually takes several days to clear into ones account. Last time it took approximately 5 days.
14/7/2017
11:13
stewart64: Mega Dividend hit share accounts this morning, thought some of this might be reinvested forcing up the price...apparently not. This is one of the few investment trusts trading at below NAV, the reason is that paying back capital in dividends is playing havoc with personal tax and new investors are giving it a miss lest they keep this up. Share had been punished by about 8% this summer dividend adjusted.
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