Ssp Share Discussion Threads

[philanderer] 16/4/2018 12:20

All corrected to the new holding in my Selftrade account this morning.

[sogoesit] 13/4/2018 18:11

Yes, "unchanged" is correct more or less; whatever the close is... imv too... since they are now ex-dividend (ex-entitlement as well) anyway and new price should have been factored in on 12th.

Anyway, as an experiment I bought some today (assumed "ex-entitelment")... see what happens, what i end up with and how the market prices everything.

You were right about the 12th as the "ex-dividend" and I assume its same as "ex-entitlement". My error in post 551, apologies.

[philanderer] 13/4/2018 17:24

So if I've got this right now , in an ideal world SSPG would open unchanged at 595p with our new holding showing ;-)

[philanderer] 12/4/2018 10:13

Morning guys , I always thought the xd date was the day before the record date :-S


Anyway, thanks for all the info.


WH Smith numbers today...

Revenue in the Travel business increased by 7% and 3% like-for-like... Overall group like-for-like revenue was down 1%.

The company increased its interim dividend by 10% to 16.00 pence from 14.60p the prior year. This, WH Smith said, reflects its confidence for the rest of its year and beyond.

[sogoesit] 12/4/2018 09:56

Again, on the 16 April there should, "theoretically", be no price impact.
But, as we said about the trading yesterday some folks sell-off prior to XD for whatever reason... maybe they were also confused yesterday ;-)!

[sogoesit] 12/4/2018 09:54

Hi phil,
The Record Date as per the RNS of 25/01/18 is the 13 April, tomorrow.
That implies that the XD is the following day... the next market open day being Monday the 16 April.
When you corrected me before I assumed you were right because i thought I had mixed-up the consolidation date... ;-).

[EDIT: You are right, phil; the record date follows the XD, on the 12th].

Here is the relevant RNS quote:

"Special Dividend
The amount of the Special Dividend is 20.9 pence per Existing Ordinary Share. Subject to Shareholder approval at the Annual General Meeting, the Board is proposing to pay the Special Dividend to Shareholders on the register of members of the Company at 6.00 p.m. (London time) on 13 April 2018. The Special Dividend is expected to be paid to Shareholders on 27 April 2018."

Share Consolidation
"Applications will be made for (i) the Official List to be amended to reflect the New Ordinary Shares arising from the Share Consolidation, and (ii) the New Ordinary Shares to be admitted to trading on the Main Market. Trading on the London Stock Exchange for the Existing Ordinary Shares (under ISIN GB00BNGWY422) is expected to close at 4.30 p.m. on 13 April 2018, and it is expected that Admission of the New Ordinary Shares will become effective and trading in the New Ordinary Shares (under ISIN GB00BFWK4V16) will commence at 8.00 a.m. on 16 April 2018."

[soundbuy] 12/4/2018 09:36

Listed here - scroll to special divi near bottom




and here as today

[philanderer] 12/4/2018 09:21

It looks like I`ve screwed up royal on this xd date for the special.

Must be next monday that it trades without the special dividend and with the new lower holding listed on Crest.

[philanderer] 11/4/2018 17:46

Hopefully opening tomorrow at 580p or better ;-)

[sogoesit] 11/4/2018 17:34

Quite common for high dividend or RoC payers to sell-off the day prior ex-dividend (in my experience).

[philanderer] 11/4/2018 13:30

Getting sold off hard.

Not wanting the dividend ?


Airlines getting banged as well today. That could be an oil thing though.

[philanderer] 11/4/2018 12:29

Yes, xd tomorrow morning for the 20.9p special dividend

[sogoesit] 10/4/2018 15:37

From a charting perspective there is an obvious "wedge" pattern being driven to its apex. This implies a break-out (either up or down).
With the consolidation we shouldn't see a change "theoretically" but one never knows for sure. What will folks do with all that cash.... which we won't have for a fortnight ;-) ?

Next company event is Interim Results on 16 May so will be a month away in a few days giving room for analysts and others to speculate before the announcement.

[philanderer] 10/4/2018 11:49

Busiest March at Gatwick airport as passengers flock to the US

[broadwood] 09/4/2018 09:46

To remind myself so I don't have to keep looking up.


The amount of the Special Dividend is 20.9 pence per Existing Ordinary Share. Subject to Shareholder approval at the Annual General Meeting, the Board is proposing to pay the Special Dividend to Shareholders on the register of members of the Company at 6.00 p.m. (London time) on 13 April 2018. The Special Dividend is expected to be paid to Shareholders on 27 April 2018.
Share Consolidation

It is proposed that the payment of the Special Dividend be accompanied by a consolidation of the Company's ordinary share capital. In line with market practice, the Share Consolidation is intended to maintain comparability, as far as possible, of the Company's share price before and after the Special Dividend, subject to normal market fluctuations. Under the proposed Share Consolidation, the Existing Ordinary Shares will be sub-divided and consolidated so that Shareholders will receive 30 New Ordinary Shares for every 31 Existing Ordinary Shares held at the Record Time, expected to be 6.00 p.m. on 13 April 2018.

The nominal value of each New Ordinary Share will be 1 1/30 pence. Unless a Shareholder elects otherwise, fractions of New Ordinary Shares arising from the Share Consolidation will be aggregated and sold in the market, with the proceeds being distributed to the SSP Foundation (a charitable organisation set up by SSP Group plc, registered under charity no. 1163717).
The ratio used for the Share Consolidation has been set by reference to the closing middle-market price of 654.5 pence per Existing Ordinary Share and the number of Existing Ordinary Shares in issue on 24 January 2018 (being the latest practicable date prior to the publication of the Circular).
Shareholders will own the same proportion of the Company as they did before the Share Consolidation so far as possible. Although the New Ordinary Shares will have a different nominal value, they will carry the same rights as currently attach to Existing Ordinary Shares under the existing articles of association.
The Special Dividend and Share Consolidation are conditional on Shareholder approval which will be sought at the Annual General Meeting on 27 February 2018 and Admission of the New Ordinary Shares to the Official List and to trading on the Main Market.
Applications will be made for (i) the Official List to be amended to reflect the New Ordinary Shares arising from the Share Consolidation, and (ii) the New Ordinary Shares to be admitted to trading on the Main Market. Trading on the London Stock Exchange for the Existing Ordinary Shares (under ISIN GB00BNGWY422) is expected to close at 4.30 p.m. on 13 April 2018, and it is expected that Admission of the New Ordinary Shares will become effective and trading in the New Ordinary Shares (under ISIN GB00BFWK4V16) will commence at 8.00 a.m. on 16 April 2018.

[philanderer] 27/3/2018 12:08

London City Airport sets record as tourists boost numbers

[philanderer] 27/3/2018 11:40

Getting close to chart support. Everything else up for me apart from SSPG :-s

[sogoesit] 26/3/2018 13:01

Ok, so ex-consolidation is 12 April not 16 April... understood.

[philanderer] 26/3/2018 12:17

Sogoesit , I think the xd for the special dividend is thursday 12th april , record time is 6pm 13th. The new consolidated holdings should be shown on Crest monday 16th april

[sogoesit] 26/3/2018 11:29

Rolling transport public sector strikes for April in France... not sure how much of an impact it could have on SSP as it has only a Gare de Lyon and one CdG outlet.

Awaiting consolidation payout on 27 April (ex- 16 April) otherwise dividend pays this week on 29th.

[philanderer] 23/3/2018 17:10

But SSPG the only one of mine up this week .

[philanderer] 21/3/2018 09:12

All gone again.

[philanderer] 20/3/2018 18:25

Good day , fingers crossed ;-)


FTSE250 Risers

Fenner (FENR) 613.50p 25.05%
Softcat (SCT) 672.00p 4.02%
SSP Group (SSPG) 631.50p 3.10%
Bellway (BWY) 3,140.00p 2.95%
McCarthy & Stone (MCS) 150.60p 2.87%
Nex Group (NXG) 896.00p 2.75%
IP Group (IPO) 104.80p 2.75%
Grafton Group Units (GFTU) 842.00p 2.68%
Crest Nicholson Holdings (CRST) 450.40p 2.64%
ZPG Plc (ZPG) 330.20p 2.55%

[philanderer] 16/3/2018 12:54

SSP Group Business Development Director Jonathan Robinson attending..



'The 27th annual Airport Commercial & Retail event hosted by Israel Airports Authority (IAA) attracted more than 300 delegates in Tel Aviv, Israel.'