Electra Private Equity Dividends - ELTA

Electra Private Equity Dividends - ELTA

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Stock Name Stock Symbol Market Stock Type
Electra Private Equity Plc ELTA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
6.00 1.0% 606.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
582.00 582.00 604.00 606.00 600.00
more quote information »
Industry Sector

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

Top Dividend Posts

battyliveson: Viewed the presentation this morning. TGI seems to have normalised sales of £200 -250k. If they could get close to 2 times sales with the listing, the value of ELTA could double, and there is still the hotter shoes business to dispose of. Fingers crossed that the market is happy to value TGI well above accruing value of £140mn B
redalert: slides from capital markets day now available on the elta website
martinthebrave: #ELTA 560p on the Bid at the close. Directors "filling their boots" with options so I guess that is the signal to let the share price rise. (I bought in early today 528p after digesting Paul Scott's recent write ups).
plasybryn: Selling ahead of update perhaps. Will dividend be announced?
loglorry1: Great write up from Paul Scott on #ELTA here. This is undoubtedly a great way to play the lifting of UK lock down restrictions hxxps://app.stockopedia.com/content/elta-share-idea-an-off-the-radar-and-cheap-way-into-tgi-fridays-hotter-shoes-802759?order=createdAt&sort=desc&mode=threaded Spoiler alert potential 234% upside The current share price is 410p. Therefore if my figures turn out to be correct, then the upside could be 85-234%, with a targeted return to shareholders of less than a year......
loglorry1: Yes essential to tax wrap - I think (not 100% sure) that ELTA will have no tax liability as based in Guernsey but distributions might be. It's possible to buy in a spreadbet too and hold to get tax free distributions.
zangdook: Just a reminder - ELTA have a nasty habit of structuring returned capital as dividends, so depending on your tax arrangements any profit, and quite possibly some of your initial investment as well, may go to old Rishi to spaff up the wall on crony covid contracts and paying off bullying victims. Buy in a tax shelter if you must buy.
plasybryn: Ex dividend 24th December. Paid 24th January. Nice tasty yield. 31p per share
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.
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
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