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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Highcroft Investments Plc | HCFT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 587.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 587.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/09/2023 | Interim | GBP | 0.23 | 21/09/2023 | 22/09/2023 | 20/10/2023 |
| 28/03/2023 | Final | GBP | 0.33 | 20/04/2023 | 21/04/2023 | 02/06/2023 |
| 06/09/2022 | Interim | GBP | 0.23 | 15/09/2022 | 16/09/2022 | 14/10/2022 |
| 29/03/2022 | Final | GBP | 0.33 | 21/04/2022 | 22/04/2022 | 07/06/2022 |
| 03/09/2021 | Interim | GBP | 0.22 | 16/09/2021 | 17/09/2021 | 15/10/2021 |
| 08/04/2021 | Final | GBP | 0.3 | 22/04/2021 | 23/04/2021 | 27/05/2021 |
| 08/04/2021 | Special | GBP | 0.06 | 22/04/2021 | 23/04/2021 | 27/05/2021 |
| 15/10/2020 | Interim | GBP | 0.21 | 22/10/2020 | 23/10/2020 | 06/11/2020 |
| 30/04/2020 | Final | GBP | 0.27 | 14/05/2020 | 15/05/2020 | 19/06/2020 |
| Top Posts |
|---|
Posted at 06/5/2024 06:27 by spectoacc Simon Thompson downgraded to "Hold".I wrote to him when he first ramped HCFT on the TISE move, pointing out it seemed to be a scheme by the major shareholders, & how few people would be able to buy on TISE, and in some cases would even be forced sellers. No response. In Friday's IC: "Moving the listing to TISE is not ideal even if it has reduced costs and the company's compliance burden. It has reduced liquidity in the shares and is likely to have narrowed the base of investors..". So he still doesn't fully gat it. Not uncommon on AIM to see co's delisted at the whim of major shareholders, but REITs have to be listed to keep the tax advantages, hence IMO the move to TISE. I expect them to keep the price permanently around where it is, hoovering up stock on the cheap over time. The handful of brokers who allow holding TISE shares seem to also allow sells, but how many allow you to buy? I found none. Almost the sole demand for HCFT shares going forward will be from the two big shareholders IMO. Anyone else is ultimately a seller. Way to go, Simon. If I were controlling HCFT, I'd give it a few years and put through a divi cut/removal (can suspend divi for 12 months under REIT rules), attracting a final glut of sellers at an even lower price. But we'll see. |
Posted at 26/3/2024 15:18 by 1tx Highcroft today announced final divi 33p per share to be paid 31st May;ex div i9 april.NAV 1022p per share.Accounts to be issued 12 April. |
Posted at 27/2/2024 14:45 by 1tx Without shares being offered for sale there is no market....TISE seems a bit like the old OFEX market(now reinvented as the slightly better Aquis Market where a two way market is offered in a few shares,mainly brewers like Shepherd Neame,Thwaites etc), without buyers & sellers on both sides almost zero shares are traded.I still retain 1500 shares but I sold the larger part last year & the year previous.I see we are going to get an update on NAV & Dividend for last year on 26th March;if this includes accounts they have not bothered to inform..... |
Posted at 24/1/2024 16:21 by spectoacc Interesting. I got this unhelpful response from AJB, fwiw:"Unfortunately we cannot provide notifications of this nature as any corporate action event notification would have to go through to shareholders via the official channels once announced." ie They're unaware of what's been announced, and when they become aware, will only tell actual shareholders. I agree with @cc2014 that the inability to settle through CREST is the problem for trading on TISE in the UK. If the shares people currently hold are shunted off CREST, I can see why eg ii may require you to sell, or send you a share cert. But equally, they should be able to leave them sat in ISA or SIPP, albeit you may be unable to ever sell (you'd have to move SIPP/ISA provider - but to where - or withdraw in cert form and find a broker who'd sell, losing ISA benefits but with potentially serious repercussions in SIPP). My view is unchanged - HCFT are pulling a fast one on minority shareholders. |
Posted at 22/1/2024 16:30 by spectoacc Probably shouldn't be surprised that they've failed to issue an RNS before close, 2 and a half hours after the vote.Will be no RNS's ever from HCFT before long. |
Posted at 18/1/2024 19:01 by spectoacc Caught up with the Simon Thompson IC comment - dear oh dear.Thinks it's a buy & relates it to the success of Shore Capital when it left London - but Shore kept their Bermuda listing. So far I've found no brokers willing to deal in TISE-listed shares, with their one "liquidity event" auction a day. One or two will allow you to still hold, but not sell. The others seem to require either selling out, or intend to send you a share cert (supposedly - aren't share certs getting phased out?). What this means is, if you hold or buy HCFT, and the vote passes, then after February you'll be left with shares you likely can't sell, or at least at an unknown price (who'd make the effort to buy them on TISE?) and unclear cost. ST should be campaigning against this, not declaring them a good buy. |
Posted at 17/1/2024 11:17 by bench2 Re ii response for HCFT held in my wifes ISA , last day to sell 17 Feb , post delisting they will send a share cert as not allowed to hold the stock on their system in either ISA or Trading account . I am in contact with HCFT CoSec via email and suggested a move to AIM to reduce costs rather than TISE . Failing this the company should have the decency to have a 25% tender at circa 800p to allow small shareholders a reasonable exit . |
Posted at 17/1/2024 10:29 by adae HCFT won't be dual-listed, and effectively means being locked in forever, unless you're willing at a future date to ask for the shares out of your ISA in certificate form, and able to find a broker who can then sell them.I don't think that position is tenable. Shareholders need to hope the vote fails to pass. |
Posted at 17/1/2024 10:15 by 1tx It is unlikely I would have thought that most ISA platforms will allow you to trade TISE listed shares;unless they are dual listed on LSE for example.However they may allow you to continue hold the shares,where a company has delisted from LSE providing it is still eligible to be held in an ISA as a TISE listing would comply.The main other "housekeeping" that the platform will have to do is credit dividends.Dividends are paid on the company's behalf by the company registrar.In the case of HCFT this is Link Group,who are one of the UKs largest & act for numerous LSE listed companies & I assume can continue this process. |
Posted at 09/1/2024 09:49 by 1tx The latest Thompson article does not seem to be behind a paywall so I have been able to read it.There are a couple of problems for new & existing shareholders that ST has not considered if HCFT moves to TISE.Whilst TISE shares are eligible to be held in an ISA it is not clear whether the typical ISA platforms that most investors use allow you to hold or deal TISE listed shares in them.If you cannot then the yield you get is rather less attractive as it is subject to TAX.I would also point out that the move to TICE is rather less likely to go through than Thompson suggests as the shares also have to reach the 50% vote acceptance level excluding Kingerlee holding.If I get the opportunity to vote I will not be voting in favour as whilst it might lower operating costs and has the potential to slightly increase dividend it is likely to reduce capital value of shares as even fewer investors are likely to be interested in the shares. |
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