Ssp Share Discussion Threads

[philanderer] 25/2/2019 20:09

"SSP Canada Awarded Three New Food and Beverage Contracts at Vancouver International Airport"

[philanderer] 22/2/2019 10:59

SSP shareholder pay revolt over £6.2m Swann song

[sogoesit] 19/2/2019 10:24

Finished my annual "rounding-up" exercise.
Now waiting for the income to roll in.

[sogoesit] 11/2/2019 07:23

Heathrow “off to a stellar start for 2019”...

[sogoesit] 07/2/2019 16:28

Compass Group last quarter sales up 6.9% (announced today).

[philanderer] 06/2/2019 16:54

'SSP puts emphasis on healthy food with dean&david opening at Düsseldorf Central Station'

[philanderer] 01/2/2019 17:45

👍


'SSP America Opens Award-Winning Local Favorite, Big Shoulders Coffee at MDW'


1-Feb-2019 | SSP News Release

SSP America, a division of SSP Group, a leading operator of food and beverage brands in travel locations worldwide, has opened locally-owned Big Shoulders Coffee at Chicago Midway International Airport’s (MDW) Concourse A. Big Shoulders is SSP’s latest opening as part of their joint venture, Midway Partnership (consisting of SSP America, Vantage Airport Group, and Hudson Group) at MDW.

[sogoesit] 01/2/2019 16:45

NED buying £40k's worth at 670p

[philanderer] 31/1/2019 20:27

“Destination dining defined”: SSP America unveils The Manufactory Food Hall at San Francisco International

[philanderer] 29/1/2019 13:40

171,000 sold last friday by CEO Nordics & Spain @ 670p

[philanderer] 29/1/2019 12:28

'ACI-NA Welcomes SSP America as a Corporate Partner'





'SSP Group expands bakery portfolio at Frankfurt Airport with two more openings'

[sogoesit] 27/1/2019 10:27

That's not what I said esssential.... jamielein explains for you.

[jamielein] 25/1/2019 17:42

The price is currently 662p. If this is the price the day before it goes ex-dividend and consolidates then:
It'll go ex-dividend, so will fall to 662p - 32.1p = 629.9p
The consolidation will then happen so you'll end up with fewer shares and the price will go up to 661.4p, which is approximately where it is now.

Essentially you'll have been forced to sell some shares for your dividend.

For anyone interested, if the share price was 674.1p then the resulting share price would be exactly the same:
hxxps://www.wolframalpha.com/input/?i=(x-32.1p)%2F20*21%3Dx

[essential] 25/1/2019 15:07

So the price will move up to 724 post consolidation?

[philanderer] 24/1/2019 17:54

'SSP Group to open Beer House bar at Norwich train station'

[sogoesit] 23/1/2019 16:40

Yes, you're missing that the intention is that the value of your holding pre- and post- consolidation should be the same.

You have 1,050 shares pre-consolidation at 690p for example.
Post consolidation you will have 1,000 shares at 724.5p.
In theory.
(It isn't really a dividend. It's a return of your capital and chargeable against CGT in future disposals).

Last year the share price fell, probably on fears that the company was disbursing too much capital. That hasn't happened this year... so far.
There's about 3 months during which the situation can change 'tho.

Hope that explains.

[essential] 23/1/2019 13:43

So the specialDividend I given in 1 hand but our shares are reduced by the same proportion making the value of the shares less. Am I missing something?

[sogoesit] 23/1/2019 13:16

Yes, it's the travel side which does well.
Even EZJ is trading up.

Curious to see what WHS "new concept" stores are the next time I pass through Heathrow.

(I've recently bought into DTG (Jet2.com) although I've been out of EZJ for a few years. May think again as EZJ chart looks at bottom of cycle).

Otherwise it is now the usual annual ratio adjustment for SSPG ;-)!

[philanderer] 23/1/2019 12:03

Good report from WH Smith travel arm.

[philanderer] 22/1/2019 20:28

Nope, I called it right :-)


Special dividend 32.1p

20 new shares for every 21 held



Record Time for Special Dividend and Share Consolidation
6.00 p.m. on 12 April 2019

Effective time and date of the Share Consolidation
8.00 a.m. on 15 April 2019

Payment date for Special Dividend
26 April 2019

[philanderer] 22/1/2019 10:34

So much for my theory ;-)

[philanderer] 21/1/2019 17:34

From memory the special dividend details were released the same day the Annual Report and Accounts were posted , which is tomorrow.

[sogoesit] 21/1/2019 17:15

On basis AGM held for end February?
Possibly this week; not sure about the day 'tho.
(We had a bit of a sell off last year if I recall).