Honeycomb Investment Dividends - HONY

Honeycomb Investment Dividends - HONY

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Honeycomb Investment Trust Plc HONY London Ordinary Share GB00BYZV3G25 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 935.00 08:00:00
Close Price Low Price High Price Open Price Previous Close
935.00 935.00 935.00 935.00 935.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Honeycomb Investment HONY Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
28/05/2020InterimGBX2001/12/201931/03/202004/06/202005/06/202026/06/20200
19/02/2020InterimGBX2031/12/201831/12/201927/02/202028/02/202027/03/202080
08/11/2019InterimGBX2030/05/201930/09/201905/12/201906/12/201927/12/20190
05/09/2019InterimGBX2030/12/201830/06/201912/09/201913/09/201930/09/20190
29/04/2019InterimGBX2001/12/201831/03/201906/06/201907/06/201928/06/20190
22/02/2019InterimGBX2031/12/201731/12/201807/03/201908/03/201929/03/201980
16/11/2018InterimGBX2030/05/201830/09/201806/12/201807/12/201828/12/20180
05/09/2018InterimGBX2030/12/201730/06/201813/09/201814/09/201828/09/20180
12/04/2018InterimGBX2001/12/201731/03/201819/04/201820/04/201829/06/20180
21/02/2018InterimGBX2031/12/201631/12/201701/03/201802/03/201829/03/201884.5
21/11/2017InterimGBX2030/05/201730/09/201707/12/201708/12/201729/12/20170
31/08/2017InterimGBX2030/12/201630/06/201707/09/201708/09/201729/09/20170
28/04/2017InterimGBX24.501/12/201631/03/201711/05/201712/05/201716/06/20170
28/02/2017InterimGBX23.531/12/201531/12/201609/03/201710/03/201731/03/201768.77
10/11/2016InterimGBX23.530/05/201630/09/201617/11/201618/11/201622/12/20160
26/08/2016InterimGBX19.6630/12/201530/06/201608/09/201609/09/201630/09/20160
19/05/2016InterimGBX2.1101/12/201531/03/201626/05/201627/05/201627/06/20160

Top Dividend Posts

DateSubject
18/8/2020
09:35
spangle93: Thanks CC2014. I hold (in hope) PSSL so I was trying to understand, based on the HONY merger proposition, why the latter should have such a discount and yield relative to PSSL. As Rambutan says, the proposed merger makes a lot more sense for HONY investors than PSSL holders on the face of it.
18/8/2020
08:39
spangle93: July presentation, from website hTTps://www.honeycombplc.com/media/10347/hony-analyst-presentation-july-2020.pdf It clearly didn't send the analysts into a buying frenzy What is the primary reason this stock remains unloved - it can't just be CoVid because it was falling from Aug 2019 before that.
06/8/2020
20:09
rambutan2: Makes sense, for HONY and co, not so sure re PSSL holders: 6 August 2020 For immediate release Possible Combination of Honeycomb Investment Trust plc ("HIT") and Pollen Street Secured Lending plc ("PSSL") HIT today announces that it has made a proposal to PSSL regarding a possible merger of HIT and PSSL (together the "Enlarged Group"). As described further below, under the terms of the merger PSSL shareholders would receive new ordinary shares in HIT on a NAV for NAV basis (the "Possible Merger"). The board of HIT believes that there is an opportunity for shareholder value creation from the combination of HIT and PSSL to create the leading listed investment trust dedicated to providing finance to the specialty finance market. The HIT board considers that the combination of PSSL and HIT would be in the best long term interests of both companies and their respective shareholders. HIT has consulted with certain of its largest shareholders who have indicated they are, in principle, supportive of the Possible Merger. These investors also hold shares representing, in aggregate, 30.7 per cent of the PSSL total number of outstanding shares(1) . Key terms of the Possible Merger The possible offer for the entire issued and to be issued share capital of PSSL has been made on the basis of an unaudited "NAV for NAV" combination. Based on HIT's and PSSL's unaudited NAV per share (post recent share buybacks) of 1,016.4p and 948.8p at 30 June 2020 respectively, PSSL shareholders would be entitled to receive: 0.9335 new HIT ordinary shares in exchange for each PSSL ordinary share. Further information on the assumptions underlying our proposal is outlined in the Appendix to this announcement. Under the terms of the Possible Merger, PSSL shareholders would also be entitled to receive the dividends, if any, declared by PSSL in respect of the three month period to 30 June 2020 and the three month period to 30 September 2020, provided that the aggregate of the dividends for each such period does not exceed 12.0 pence per PSSL ordinary share and is covered by income for the period. The terms of the Possible Merger would not be adjusted for the dividends, if any, declared by HIT in respect of both the three month periods to 30 June 2020 and 30 September 2020 (and PSSL shareholders would not be entitled to receive such dividends), provided that the aggregate of the dividends for each such period does not exceed 20.0 pence per HIT ordinary share. The Possible Merger would result in PSSL shareholders owning approximately 65.3 per cent of the Enlarged Group on a fully diluted basis. In addition, subject to consultation with shareholders, HIT is considering alternative structures including either a partial cash alternative, subject to certain limits, or a share buyback programme post completion of a transaction. (1) Supportive shareholders comprise: Quilter Investors Limited (14,603,993 shares), Standard Life Aberdeen plc (4,740,501 shares), Thesis Asset Management Limited (1,669,314 shares) and AXA Investment Managers (1,640,000 shares) https://uk.advfn.com/stock-market/london/honeycomb-investment-HONY/share-news/Honeycomb-Investment-Trust-PLC-Possible-offer-for/83019659
25/6/2020
11:26
praipus: ActOfWill hmm think you are right, my error. Looking at it now. Could I have read it too fast seeing the 0 in the first column and 5% in resulting situation? Apologies. Curious, first trade back in January shows the same resulting number of shares. The only thing not showing on the second RNS is the CFD for 3,000,000. hTtps://www.honeycombplc.com/media/10022/tr1-hony-ln-equity_01272020-issuer.pdf hTtps://www.honeycombplc.com/media/10281/tr1-hony-ln-equity_06-03-2020-issuer.pdf
25/2/2020
10:49
rooky4: Meanwhile, over at PSSL: Good news - potential offer, and share price has jumped Bad news, just read the following RNS extract, and wonder if the same issues are here at HONY, (might partly explain the 850p transactions). ============== "In the face of a possible offeror's interest in exploring a recommended offer for the Company, the Manager has not, in the Board's unanimous view, given the assistance which is reasonably to be expected in such circumstances. The Board believes that, while portfolio performance has been satisfactory, it is not acceptable to withhold Company information from the Board, publish very material information about the Company without Board approval and fail to confirm compliance with clear and important instructions from the Company, its client. Accordingly, the Board considers that it is appropriate to give the Manager 12 months' notice of termination (whilst reserving the Company's rights) and to explore alternative arrangements for the Company.""
30/1/2020
15:36
cc2014: My biggest concern with this Trust is how Pollen divide the business flow between HONY, PSSL and their in-house bank Shawbrook. HONY was set up before Pollen bought SHAW and things would have been different then. Mark Barnett says "The funds are mature funds and have for many years been in net outflow." Mark Barnett seeks to reassure investors
29/1/2020
09:33
fangpima: Under what rule are managers allowed to buy at this discount. I understand a sale could crash the price, but it’s well under NAV with covered dividend. Why not make an offering and see what interest there was with HONY underwriting any not taken up?
29/1/2020
03:04
rambutan2: So HONY has bought in 2.2m, the managers couldn't resist dipping their hands in the pot at 850p for a few, and with the quoted price showing no slippage, I suppose some other insts have taken the balance at 850p. All right for some... https://uk.advfn.com/p.php?pid=trades&dt_select=1580198400&trade_set=1&symbol=LSE%3AHONY
28/1/2020
12:00
yieldsearch: My thoughts: "substantial investor demand": completely wrong statement from the company. "Why not give an NAV based buyback?". Why on earth giving a NAV based buyback when the company can buy back cheaper? I guess there is a forced seller with 2.2m shares bought by hony and left with 6.04m post such sale. based on historically ownership, it is likely to be woodford (please correct me). This seller couldnt sell the block to another buyer, so i guess they approached the company, and settle for a price of 850. Make sense for the company to buy shares at a discount to Nav, and if those are cancelled (tbd), it will be accretive to existing shareholders. Hony seems to have the right to buy out the remaining 6.04m which would be further accretive to NAV if cancelled. in term of dvd, it is a wash. so while this is showing that there is 0 liquidity for block trades in this company, it is overall positive for existing HONY shareholders (no dvd to pay on those, potentially accretive to NAV). Does this mean that Hony should trade at 850p? not sure, this is the price agreed between the company and a forced seller. Does it change the nature of the underlying credit? no, and agree there is limited visibility The biggest losers are the shareholders of the forced seller (15%discount to the NAV)
28/1/2020
09:49
fangpima: Are you serious? Buying shares at 850 when the market is 950. I understand it’s illiquid, but monthly factsheet suggests NAV neutral or rising and the dividend is likely to be covered. Why not give an NAV based buyback? And was a secondary offering considered?
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