Lms Capital Share Discussion Threads

[eeza] 13/9/2016 09:27

Birkett buys 25k @ 59.25p.

[spectoacc] 09/9/2016 14:33

Always found Barclays to be slow - and difficult to get hold of to ask what's going on.

Disappointingly small tender result - but as someone commented above, just goes to show how keen everyone was to tender. Not surprising really, since most bought on the understanding they'd eventually get 100% at NAV.

[cousin jack] 09/9/2016 08:34

Still nothing from Barclays. Looks like Number33 was right.

[le4r] 08/9/2016 18:41

And finally at iWeb... 13.13%

[number33] 07/9/2016 19:39

There's no mystery about rathair's allocation. HL clients received a basic allocation of 6.9% of their holding plus 6.51% of any excess they tendered.
So anyone who tendered 100% received 6.9% of their holding plus 6.51% of the remaining 93.1% which is 6.06% of their holding. So in total they received 6.9% + 6.06% = 12.96 of the amount tendered.

rathair tendered 20,000 of his 40,000 holding. So his basic allocation was 6.9% of 40,000 = 2760. His excess was 20,000 - 2760 = 17,240 and his excess allocation was therefore 6.51% of 17,240 = 1122. So his total allocation was 2760 + 1122 = 3882 which is 19.41% of the amount tendered.

As for Barclays, they are always last.

[eeza] 07/9/2016 17:54

Filtered.

Lol!!!


They don't like it up 'em, Cap'n Mainwaring.

[rathair] 07/9/2016 17:31

Yes I realise that a day after I had submitted my application so just let it go.

[skyship] 07/9/2016 17:21

Rathair - I don't understand why you didn't Tender for the full 40k, as so many of us posted, that was the right way to play this Tender. Result for you would have been 12.96% of 40k, ie 5184 redeemed at 84p, rather more than the 3882 you actually got!

[786sunshine] 07/9/2016 17:18

Thanks Tilts. That may explain the difference. Mine is a SIPP holding.

[le4r] 07/9/2016 17:12

Still nothing with iWeb. Grrr. Anyone else with them?Will report my % when it's in...

[rathair] 07/9/2016 16:59

Mine were not held in my ISA acc if that helps.

[rathair] 07/9/2016 16:58

Well maybe I made a mistake or they will correct it later if they do I will let you know.

[tiltonboy] 07/9/2016 16:56

The difference could possibly explained between ISA and non-ISA holdings. The brokers would normally have different pooled designations for each account.

[cousin jack] 07/9/2016 16:39

Very strange rathair. I am with HL and tendered all my shares. Like 786sunshineI had 12.96% accepted in the tender.

Incidentally is anyone else with Barclays ? My partner tendered her shares with them and had heard nothing. She called this afternoon and was told it could take up to four days for their corporate actions team to let her know the outcome ! She told them that many other brokers had already sorted this out but they didn't seem at all concerned that their service was lagging in comparison to rivals.

[langland] 07/9/2016 16:37

I too received 12.96 at HL....2 separate holdings.

[786sunshine] 07/9/2016 16:20

That seems quite strange rthair!

Not sure if there is a 'guideline' which UK brokers are expected to follow, setting out precisely how the allocations should be made when different shareholders (within that broker) tender different percentages of their holdings.

[rathair] 07/9/2016 16:10

I dont think so as the figures would still not stack up but in the opposite direction.

[786sunshine] 07/9/2016 16:04

Thanks rthair.
I had tendered my full holding of 5256 and was allocated 681.
It may be that the 3882 allocation represents around 12.96% of your total holding.

[rathair] 07/9/2016 15:57

All I can do is give you the info I have.

[786sunshine] 07/9/2016 15:48

I had tendered my full holding at HL so it does seem strange that there is a significant difference in the allocations. Not complaining, just curious to know possible reason(s) for this significant difference within the same broker.

[786sunshine] 07/9/2016 15:30

I received 12.96% from HL.

[rathair] 07/9/2016 14:15

I have no idea about that but the exact figure is 19.4%.
But I made a rickets of my application, but not that fussed.

[simonsaid1] 07/9/2016 14:12

Is that a function of HL being so large and having a greater chance of PI's not paying attention to the tender? Jealous... :/ I only didn't use them because of their trading charges.

[rathair] 07/9/2016 14:03

Sorry lol.