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Share Name Share Symbol Market Type Share ISIN Share Description
Invesco Income Growth Trust Plc LSE:IVI London Ordinary Share GB0003585725 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 278.00 274.00 282.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 7.4 6.5 11.1 25.0 163

Invesco Income Growth Share Discussion Threads

Showing 126 to 149 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/5/2021
09:02
Very poor service from AJ Bell Barclays paid up last week unfortunately I also have a SIPP with AJ Bell still nothing they will not even answer emails ,crest were sent cheques on 3rd so 10 days to complete a simple exercise good grief what if it was complicated .
wskill
12/5/2021
16:56
Change broker, interactive Investor same day.
montyhedge
12/5/2021
16:55
Not received any cash on my AJ Bell account yet so I queried it -here's the reply! '' Unfortunately, as we have received cash for each designation (ISA, SIPP, Dealing account etc) we don't have individual amounts for each client so the team need to find out first if the amount we've received is correct or if we are due more/less cash and then reconcile for each client within the designation. Until they have an answer from the registrar they're unable to pay the cash. I do apologise for the inconvenience caused but I can assure you that the team are chasing this urgently and looking to pay at the earliest opportunity.''
davebowler
10/5/2021
12:33
Good luck Hittbe, I have my SIPP with Barclays and it is AJ Bell who do the SIPP part, I have no idea who does the Crest part. I don't think it would be legal for the managers to exercise discretion as to scaling back. I've only had a couple of similar holdings in the past and am pretty sure that their cash options did not offer any profit.
colonel a
10/5/2021
11:44
Well dun Colonel a. I’m with AJ Bell and STILL haven’t received anything. Fully expect 100% cash though since my shareholding was much smaller than Clinton's. The managers have maybe tried to avoid leaving holders with just a “few” shares so have scaled back only for the larger holdings. Comparing the two options: - Net return per share for cash option = 291.25p + 8.35p dividend = 299.60p - Current value of IVI share transferred to IVPU, @ current (10/05/21) price: 1.6312 * 1.72 = 280.5p + 8.35p dividend = 288.85p So a small profit of about 3.7% for the cash option as at today's IVPU price. I’m happy with getting out at breakeven from my purchase price & will move on to (hopefully) a more profitable trust. Good luck to new holders of IVPU & to those investing their cash elsewhere.
hittbe
10/5/2021
09:23
Well, it was worth waiting. Got 100% cash from Barclays.
colonel a
04/5/2021
13:57
I had 20,000 IVI shares. I now have 17,395 IVI Scheme APR21 "B" rights for which I expect a cheque this week, and 4249 IVPU shares. Speak to your broker. Held for 18 months and added a few in June last year. Consider myself well-shot of them with a TR of 11.7%
clinton baptiste
04/5/2021
11:48
Congratulations, although I would like to see more detailed figures to be completely convinced. How many IVI shares => how many IVPU shares + how much cash.
colonel a
04/5/2021
11:37
After opting for 100% cash I ended up with 86.975%.
clinton baptiste
27/4/2021
16:22
Following the passing of the special resolutions put forward at the Company's First General Meeting and Second General Meeting, the Board of the Company is pleased to announce that as at the Calculation Date and calculated in accordance with the terms of the Scheme as set out in the circular published by the Company dated 30 March 2021 (the "Circular"): * the IIGT FAV per Share is 299.96 pence (being the amount per Share for those IIGT Shareholders having elected, or deemed to have elected, for the Rollover Option); * the IST UK FAV per Share is 183.89 pence (being the amount per IST UK Equity Share used in determining the number of new IST UK Equity Shares to be issued to those IIGT Shareholders having elected, or deemed to have elected, for the Rollover Option); * the conversion ratio is 1.63119256 new IST UK Equity Shares for each Share elected, or deemed to have elected, for the Rollover Option; and * the Cash Pool NAV per Share is 291.25 pence (being the amount per Share for those IIGT Shareholders having elected, or deemed to have elected, for the Cash Option). Accordingly, for Shareholders that elected, or are deemed to have elected, for the Rollover Option: * each Share with "A" Rights will roll over into approximately 1.63119256 new IST UK Equity Shares. And for Shareholders that elected, or are deemed to have elected, for the Cash Option: * each Share with "B" Rights will entitle the holder to 291.25 pence in cash. Applications have been made by Invesco Select Trust plc to the Financial Conduct Authority and the London Stock Exchange for the listing and admission to trading of the new IST UK Equity Shares to be effective at 8.00 a.m. on 26 April 2021.
davebowler
22/4/2021
13:26
Indeed we will. I will be happy, if somewhat embarrassed, to be wrong.
colonel a
22/4/2021
11:10
colonel a, I still see 64.1% as a minimum cash return for those electing, since 27,293,289 shares elected for cash so making 8,187,986 (@ 30%) leaving a further 9,317,902 to distribute to electing shares which would surely more than double their shareholders’ 30% allocation to 64.1%. Your point 2 doesn’t seem to take into account that more than half of shareholdings have already taken the option of “no cash.” I am “almost confident” that I will receive between 64.1% and 100% cash. I did, however, give myself a headache thinking it through yesterday so set up a spreadsheet to try to convince myself! Oh well ... guess we'll find out soon ..
hittbe
22/4/2021
08:34
Hittbe, I'm afraid that I think you are being too optimistic. As I see it, the allocation ranges between two extremes. 1, which you have described in post 125, where all holders either elect for 100% cash or 100% roll-over. This is the best option for those wishing for cash and should result in the 64% return. 2. Where all holders have elected for at least 30% cash, with an average of not quite 47% requested. Clearly unlikely, but if this were the case then everybody would receive exactly 30% So 64% is the best we can expect, I'll be pleased if it's above 50.
colonel a
21/4/2021
17:31
As I understand the process, the excess shares over the 30% So ... 17,505,889 – (27,293,289 * 30%) = 9,317,902 shares will be allocated to holders electing for more than 30% pro rata to their initial holding.
hittbe
21/4/2021
15:25
Will this not depend on the individual stockbrokers holdings for clients.
wskill
21/4/2021
13:22
Result of election: Rollover 31,059,677 Shares Cash 27,293,289 Shares Based on these figures and there being a maximum of 17,505,889 shares available for the cash option, if everyone who elected for cash also elected for 100% cash then about 64.1% of cash options would be met. The actual percentage, for those electing for maximum cash, should therefore be higher ... but dependent on how many elections were made for part-cash. IMO (I think!)
hittbe
16/4/2021
16:21
Closing NAV yesterday was 298.82p so x 0.975 = 291.35p + div 8.35p so 299.7p This is the approximate cash value for those taking up the cash option. I decided to elect for maximum cash, hopefully much greater than the 30%. My reasons being: - Both IVI and IVPU have performed poorly over the past few years. - The IVI discount to NAV has narrowed considerably since the transfer to IVPU was announced and I fear it widening again now this exit option is gone So I’ve taken the view “Get out while the getting’s good!”
hittbe
05/4/2021
14:02
I suppose that the revenue reserves should be paid to IVI shareholders did think that this was partly due to the special dividend at Ferguson,but probably not as this will not be paid until May . Still very happy with management here they have some excellent long term shares Next a major holding Croda ,Ferguson even Pennon which will come good when they return cash to shareholders. Do really hope that these types of companies stay in the new trust.
wskill
01/4/2021
09:33
NAV as at close of business on 30-March-2021 NAV per Ordinary share (unaudited) with Debt at Par & Fair Value EXCLUDING undistributed current year revenue 298.53p INCLUDING current year revenue 298.53p
davebowler
28/3/2021
20:04
8.35p special dividend https://www.investegate.co.uk/invesco-income-growth-trust-pl--ivi-/prn/dividend-declaration/20210324103019P0797/ still no date for the tender offer
hugepants
16/3/2021
11:26
The largest holding in the fund Ferguson has declared a special dividend after the sale of UK ops a decent 5.7% holding certainly done well from the lows of last year .
wskill
02/12/2020
12:57
Correct. Hoping someone would pick up on that. Well done.
hugepants
02/12/2020
12:53
100p out there HP, nav is 281.85 NSB
north sea boy
02/12/2020
12:41
Todays nav is 181.85p. Say that's the NAV at the tender date it means the tender price would be 175p ie. 2.5% less than NAV. Usually not everyone tenders so should be able to tender more than the 30% minimum but maybe not that much more.
hugepants
Chat Pages: 6  5  4  3  2  1
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