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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Triple Point Energy Transition Plc | TENT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.45% | 45.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 45.00 | 45.00 | 45.20 | 45.00 | 44.80 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/09/2024 | Special | GBP | 0.25 | 19/09/2024 | 20/09/2024 | 04/10/2024 |
| 24/06/2024 | Interim | GBP | 0.01375 | 05/09/2024 | 06/09/2024 | 20/09/2024 |
| 24/06/2024 | Interim | GBP | 0.01375 | 04/07/2024 | 05/07/2024 | 19/07/2024 |
| 13/03/2024 | Interim | GBP | 0.01375 | 21/03/2024 | 22/03/2024 | 05/04/2024 |
| 13/12/2023 | Interim | GBP | 0.01375 | 21/12/2023 | 22/12/2023 | 12/01/2024 |
| 01/09/2023 | Interim | GBP | 0.01375 | 14/09/2023 | 15/09/2023 | 29/09/2023 |
| 19/06/2023 | Interim | GBP | 0.01375 | 29/06/2023 | 30/06/2023 | 14/07/2023 |
| 08/03/2023 | Interim | GBP | 0.01375 | 16/03/2023 | 17/03/2023 | 31/03/2023 |
| 02/12/2022 | Interim | GBP | 0.01375 | 15/12/2022 | 16/12/2022 | 06/01/2023 |
| Top Posts |
|---|
Posted at 28/1/2025 15:42 by chucko1 The only reason I knew it to be a form of dividend is because the broker labelled it as such. I therefore show a huge loss in the capital account and a ludicrous income gain for one particular month.I had originally presumed the broker (HL, in this case) were wrong, as they can sometime be. This would preclude many investors from misapplying it and therefore be exposed to a potentially higher rate of tax. Penalties/interest if HMRC are awake, which is possibly not as unlikely as you might expect since they are using software more and more to spot irregularities which is easier where the broker labels something and likely applies some form of coding to that entry. I have one ongoing matter with HMRC which resulted from a company contribution to a pension payment in 2016, with the letter of admonishment being sent in September last year. Although it actually has zero financial effect, it was a real wake up call as to the ability of HMRC to probe just about anything you might have received/paid into some account/fund etc. If the account has a NI number, then it's not radar-proof. |
Posted at 28/1/2025 13:19 by chucko1 As far as I am aware, and anyone correct me if I am wrong, but all other wind down distributions have been capital events, so no income tax payable - perhaps CGT.If that is correct, what possessed TP (though we know how awful they are) to declare this as a quasi dividend? How can it be when by virtue of this being an IT, most net income must have been distributed anyway. What the heck am I missing? (not that I am affected, but remain curious). |
Posted at 28/1/2025 11:55 by cc2014 Yes revenue distributions are taxable and thus the Board at TENT left me in a difficult place in relation to tax as my holdings were taxable.I could just about have managed with taking the special as a dividend as my average entry was 58p, but there there seemed some risk at the time TENT would continue to declare further revenue distributions leaving me with a tax bill on the dividends, but unable to use up the capital losses, so I sold out as to avoid the issue. Which about says it all about Triple Point and the Board. A complete lack of understanding of the impacts their decisions make. Rachel from accounts didn't help either as that also pushed me towards selling early to avoid higher rates of CGT. |
Posted at 28/1/2025 11:18 by cc2014 But the last return was by way of a revenue distribution - i.e. a dividend in the usual way IIRC.I haven't read the circular so I'm no longer a holder so the answer will be in there. |
Posted at 24/1/2025 19:46 by c3479z1 distribution likely to be a capital repayment not a dividend then? |
Posted at 22/1/2025 14:51 by langland According to RNS dated 19 December the company at 30/9/24 had cash of £30.2mn. Out of this a special dividend of £25mn was paid. There were 2 remaining assets -the hydro and deferred consideration for the LED stuff. Both of these have been sold for a total of £44mn. So, in theory, there should be around £49mn for shareholders less some costs which should not be too much since this is a pretty simple business. |
Posted at 22/1/2025 13:35 by chucko1 I doubt that there is that much. Each £1mn is worth 1pps, and 5pps would result in a total value of around 51pps. All this assumes that the cash referred to is NOT part of TENT Holdings, and as such, a part of the £44.1mn consideration detailed this morning.There had previously been around £3-4mn of cash, but some of that would have been required to pay the dividend etc. That said, the last published NAV was 52p, I think, which would have been inclusive of that cash. Hmmmm. |
Posted at 22/1/2025 09:26 by solarno lopez Triple Point Managers were sacked from :DG19 SOHO Following the TENT RNS we can see why they were sacked, their track record is hopeless. But at least they received their fees whilst we take our losses ! |
Posted at 16/1/2025 13:50 by eekhoorn I think the NAVs now been written down to 52p so there's not too much uplift given sale execution risk and the relative value elsewhere. From the report to Sept 30th 2024:'The valuation movement in the period reflects the change in the valuation of TENT Holdings, which is primarily driven by the change in value of its largest assets, the Hydroelectric Portfolio. The total fair value loss for the period in respect of TENT Holdings was £6.6 million. This fair value adjustment is primarily attributed to a decline in the portfolio's valu |
Posted at 06/9/2024 11:51 by stemis Current share price of 71p less 25p special dividend is net cost 46p.Last net asset value (31.3.24) was 86.66p/share. Since then they've paid 2 dividends of 1.375p each so, after the 25p special dividend, proforma NAV/share would be 58.9p. 'Potential' upside of 28%. Unfortunately Triple Point being the useless bunch they are, have decided to return me my first tranche of my own capital by means of a dividend. As I hold it outside a tax shelter that means I'd have to pay tax on it. So I've sold... |
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