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MEI Media And Income Trust Plc

0.01
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Media And Income Trust Plc LSE:MEI London Ordinary Share GB0009216283 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Media And Income Share Discussion Threads

Showing 1 to 12 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/11/2001
09:16
Thanks Brian, very helpful...err what's the St David fund - should I know?

PS when's the bid going to move?

novision
07/11/2001
10:58
I sent an e-mail to Aberdeen AM. I thought you
good people would like to see it.

Dear Sir/Madam,
Would you please give me an update on the funds situation.
Will the next dividend be paid? What are the options?
If the fund is merged with another fund how will it affect the
shareholders. How did it affect the St David fund? Did they continue to get
dividends paid?
Regards,

Thank you for your recent email.

The Media and Income Trust has not yet announced when its next dividend
will be paid. It will be paid in January, but has not yet gone
ex-dividend. The previous dividend was paid by the Company on 19 October
2001. This trust pays dividends quarterly.

There has been no announcement to suggest that the Board and Directors of
this trust are considering a merger with another Investment Trust. If this
was to be considered, the shareholders would be informed and asked to vote
on the proposal.

St David's shareholders continued to get their dividend paid, at a reduced
rate. The results of the implementation of these proposals was recorded in
an announcement on 10 October 2001:

St. David's Investment Trust plc ("the Company") announces that all
resolutions proposed at the Separate General Meetings and Extraordinary
General Meeting held earlier today have been duly passed.

The Board is pleased to announce that the Company has raised approximately
£33
million after expenses as a result of the Placing and Open Offer of
preferred
annuity shares of 1p each ("Preferred Annuity Shares") and the Placing of
further Preferred Annuity Shares and zero dividend preference shares 2008
of
1p each ("2008 Zeros"). Based on the Company's total assets as at 9 October
2001 and the net new funds raised, the Company will have total assets of
approximately £159 million after the expected adjustment to the Company's
bank
loans These changes will result in:

- A net asset value for the Ordinary Shares of approximately 6p,

- Greater protection from a breach of banking covenants in that total
assets
would have to fall by more than 21 per cent. from today's figures before
breaching the loan to value covenants,

- Tangible improvements in the cover of both the 2003 and 2007 (now to
become
2008) zeros.

Kind regards

Suzanne Taylor
Customer Enquiries Adviser

PLEASE NOTE, they say the dividend WILL be payed in January

bpoole
29/10/2001
09:34
The Div this year is 9p of which 2.25p is still to be paid. Presumably there is a chance that further divs will be paid next year, don't know whether it'll be 9p though.
novision
28/10/2001
14:31
are you lot saying , the shares are a buy at 6p & the div is 9p a share??
is this right .

bari
26/10/2001
23:25
bpoole

but isn't the nav of the ordinary shares 0p???

currypata kai
26/10/2001
23:11
Freddie - I think this is what Brian's on about The bit on dividends is below. The 9p is mainly historic there is only 2.25p promised to come at the moment. If it stays afloat and does the same next year .... well, I bought a few as a punt...

DIVIDENDS AND DIVIDEND FORECASTS

The policy of the Company is to distribute substantially all of its net
revenue after taxation by way of quarterly interim dividends payable in
January, April, July and October each year.

Ordinary Shares

In respect of the current financial year ending 30 November 2001, the
Directors confirm the existing dividend forecasts for the Ordinary Shares as
follows:

Dividend Net dividend Expected Expected
per share ex-dividend date payment date
Second interim (Existing 2.25p 23 May 2001 19 July 2001
Ordinary Shares only)



Third interim 2.25p 12 September 19 October
2001 2001
Fourth interim 2.25p 27 December 2001 18 January
2002



Taken together with the first interim dividend of 2.25p per share paid in
April 2001, the forecasts amount to 9p per Existing Ordinary Share for the
current financial year. The first dividend payable on the New Ordinary Shares
is the third interim dividend and they will not rank for the second interim
dividend.

novision
26/10/2001
02:04
bpoole,

saw the rise today and of course am fascinated...

with a dividend that high - this is a no brainer right??

when is the next dividend payment due?

camp freddie
25/10/2001
13:33
Up 67% today!
bpoole
25/10/2001
12:38
Some poor sod sold 304000 at 1.5p. They are now 4p
bpoole
25/10/2001
07:39
NAV up 50%. They have assured me they will maintain the divi even in the
worst case scenario which is they merge with another trust.
The divi is 9p pa. Work it out for yourselves.
Phone 0500 000040 and get the information first hand.

bpoole
24/10/2001
13:31
This could be ten bagger with a good divi.
bpoole
24/10/2001
13:09
MEI shares have been taking a hammering lately
because of the bad press the split investment trusts
have been getting. I have just phoned up Aberdeen
Asset Management and they assured me the divi
will be paid. With the next divi 2.5p and total for year
9p this seems to be a good gamble to me with the
share price at 4p. Phone 0500 000040 and check it
out for yourself.

bpoole
Chat Pages: 7  6  5  4  3  2  1

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