Scotgems Dividends - SGEM

Scotgems Dividends - SGEM

Stock Name Stock Symbol Market Stock Type
Scotgems Plc SGEM London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 78.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
78.50 78.50
more quote information »
Industry Sector

Scotgems SGEM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 08/9/2022 14:07 by spectoacc
"Friendly countries" eh..

What happens to any future value when SGEM is wound up I wonder - presumably someone offers a few quid & the liquidators get a night out.

Posted at 01/9/2022 07:13 by spectoacc
@gatehill - RNS of 18th August is the one to read, far too much to copy/paste but:

"...The Liquidators expect to make an initial distribution of the cash proceeds of the liquidation of the Portfolio, less the costs of the Proposals and the amount attributable to the Liquidation Fund, by 23 September 2022 (the "Initial Distribution")."

They've previously said they're 98% in cash.

The Meeting to approve it is next week, & seems a done deal - so meeting, liquidator appointed, most of the money back on 23rd September, small rump of unsellable stuff to be cleared at a future date for a few pence extra. Assume the Russian holding is in that, unless it's valued at zero and simply written off.

As ever with SGEM, things are opaque for us small shareholders - it's all stitched up behind closed doors. No idea what the costs are, nor the exact quantum of the cash return, nor timescale for receiving the last few pence.

As per above, I'm hopfuly for c.78p on 23rd Sept, but since they took over 3 months to respond to my last email, I've not bothered contacting them again. Not a seller here, nor a buyer.

Ignore what the inept Barclays Stockbrokers say.

Posted at 30/8/2022 10:47 by spectoacc
Finally the unwind of the "..Including income". 81.44p for both, which is correct post the 3p cash dividend ex date.

Still not entirely sure what we'll get in September, but hopefully about 78p, with 3p to follow.

Posted at 05/8/2022 11:14 by spectoacc
Taking the RNS as meaning 91% of the cum-NAV value, they should be sat on 76p of cash atm, with 8p left to realise, 3p of it accrued income.

It's possible they don't mean that - this is SGEM, after all - in which case they're sat on 73.5p of cash, c.7.2p still to realise, c.3p accrued income to still come in (why that income figure is so high, and has been so consistent, when most of the portfolio has been sold is rather strange).

Honestly can't be bothered to find out, after my previous dealings with that inept bunch, both managaer & Board.

Short of them putting all the cash into a Russian bank, the downside from here is very limited.

Posted at 25/7/2022 12:52 by spectoacc
"Since 13 July 2022 the investment manager has continued to realise the Company's portfolio, and has now realised approximately 83% of the Company's portfolio. The majority of the proceeds of these sales are being held in Sterling. The timing of the realisation of the remainder of the Company's portfolio will be dependent upon prevailing market conditions."

Surprised it's 83% in cash now - they've been reporting a consistent c.3p/share income NAV differential, which made me think they were waiting for a bounce to sell into.

Still - if there's something to be got wrong, SGEM will do it.

Rather than hold it in Sterling, they should be expediting it back to shareholders.

Posted at 13/5/2022 09:12 by spectoacc
The manager holdings are going to be influential - we need the other large shareholders to want out, and surely, after the Russian investment, they will.

Compared to eg the winding-up JEFI, there's decent upside in SGEM if the vote goes the way it should.

Posted at 14/4/2022 07:39 by spectoacc
They replied same day a fortnight ago, to say the board would respond. But nothing at all from a chasing email sent on Monday. Could be Easter-related now, but seems odd to promise a response, and not deliver.

I see JEFI aren't even offering a rollover option - winding up & returning cash less expenses.

SGEM should take the hint.

Posted at 28/3/2022 07:58 by spectoacc
SGEM cumulative performance from the Feb Factsheet:

MSCI Emerging Small Cap +30.9%
MSCI Emerging Markets +21.3%

SGEM NAV -8.9%.

Share price performance far worse, but let's say they can't help what it trades at.

We should agitate for wind-up.

Posted at 16/3/2022 12:17 by essentialinvestor
As now a holder intend only to make highly positive remarks on SGEM only.

That's obvs in jest, rarely that enthusiastic about anything I happen to hold.

spec, sold my SOI and AAIF trades from yesterday for a few shekels.
Finding markets very difficult to read atm.

Posted at 11/3/2022 15:48 by spectoacc
You couldn't make it up - on the very day Putin invaded, having wisely steered clear of Russia, they saw fit to put 1.1% of our NAV into a Russian co.

The Board should be joining the managers. They should be giving us a wind-up option, if not winding it up full stop.

We don't want to hear about how many other fund groups want to take our money to mismanage SGEM.

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P: V: D:20221207 03:00:18