PIE-EATER
15 May 2017
allocation seem to have been scaled back to 75% of excess shares subscribed for........don't know if anyone else has come across an RNS not listed on IIPE
Eadwig
15 May 2017
Re: new shares In my post below, strictly speaking I should have said I intend to use 'Google Sheets' and associated 'apps' with live (and it is live, not 20 mins delayed) pulled in from 'Google Finance', just to be clear.RE: ii missing RNSsAnother REIT I am involved with is ESP (student accommodation rentals). They declared their next dividend payment on the 10th May via RNS, plus there was also a Goldman Sachs 'threshold crossing' RNS, neither of which are present on ii as of this morning. Which rather underlines the point. It isn't just REITs, if anyone is thinking that, just coincidence that its happened on these two in quick succession.
Eadwig
13 May 2017
Re: new shares I must say in ii's defence, when I've had problems their phone service has always been exceptionally good - including adding some pretty obscure US stocks to the database in order that I alone could trade them.I've just been looking at what they've done with the offer on BBOX so far with my account and I can see another issue on the way. But we'll wait and see when its all completed on Monday.Divis can be slow on ii occasionally, but it isn't always the case, and I've known them beat other brokers before which can be critical on IPOs if you are looking to sell ASAP and get the best price when many others are doing the same thing.Another small thing to add about ii, is that the charges for the SIPP come out of your trading account, not the SIPP. It's a small thing, but it certainly will add up over the years in a SIPP.At the moment I'm attempting to set-up my portfolio on Google finance. I wouldn't recommend it. I'm only having a go at it in order to bring my spreadsheet skills back up to date. A kind of training exercise, if you like. I find that I'm pretty useless at such things unless I have a project with a genuinely useful goal at the end of it. When I do, I nearly always surprise myself.The idea being that critical dates for stocks I own will be automatically transferred into the Google calendar app, thus warning me in advance and I also require a system which allows me to monitor returns since the date of purchase and the current annualised return.Its all too easy to look at PSN in your ii portfolio and think 479.84% - fantastic! On further analysis, though, it may show only 25% in the last 12 months. OK, that's a bad example, but you get my meaning, something may have done well in the past but is now going sideways and is time to sell, but it may not be apparent if you don't have a figure showing more recent performance.I always withdraw dividends monthly, rather than re-invest (except in my SIPP) and so I also need to keep track of those and feed the figures into the above returns for a complete, overall view. Currently, when I withdraw dividends from ii there is nothing gainst the entry in my portfolio for that stock to show anything has ever been paid, without specifically wading through the statements searching for that stock's payments. Then there is nowhere to note them in the live accounts. Updates to 'My Portfolio' often get forgotten, and its a pretty cumbersome thing to do anyway, prone to typing errors etc.There is software I could buy to do this, Rhigos has recommended Sharescope and also Sharepad as supporting everything I want. You have to pay annually, however, and there will likely be as much effort to get it all working in the way I want it to as with the spreadsheet option (or close, anyway), but I wont end up with useful skills that I can sell elsewhere at the end of it.I may fall back on those options if I find I just don't have the time (or possibly the ability) to do what I wish with the Google Finance stuff. If I can get all that working I will likely have a set-up I can tailor and sell to individuals in future (which is the kind of business I was in in the past before taking years out to be a house-husband. Your skills go out of date so very quickly in IT and proper training courses cost a fortune, so ... well, there's my motivation).
strapuk
12 May 2017
Re: new shares Agree with everything you say Eadwig. Would be interested to hear which platform you are setting up your portfolio items with as I will be doing the same.Having problems with II trying to transfer part of my wife's ISA from HL, they do seem poor in the back office - whereas HL are always right on the button. I suppose that's what you get for 0.45% pa v £96 pa SIPP and zilch for an ISA with II. "Pays your money and takes your choice".If you can put up with II's amateurish ways, then cost savings are significant.
PIE-EATER
12 May 2017
Re: new shares EadwigI take everyththing on board re Interactive and their costs........but as you said there are intermittent problems and general service / admin issues (allegedly delays in divis compared to other brokers) a fundamentals page which is fundamentally flawed and the issue yesterday for me where I wasn't expecting an announcement just yet for JIM only to find a 30% hike in divi and a very upbeat statement (I can live with those sorts of surprises).Like you, I have widespread holdings for myself and family, which are all monitored via these pages - BUT held elsewhere because when they changed to this flat charging structure they made such a bodge of several other issues I said "auf wiedersehen pet" and moved to a basic broker.....FAR cheaper and generally more reliable.......at least I know what I am getting and what I am not getting.Tempted to set up a watch portfolio via morningstar just for RNS....I think it was Healthobserver on JIM pages who reminded me.Just one other query, and thanks in advance for any thoughts, PRS REIT will be launched later this month (open for offers) with a view to 6% yield as effectively a private landlord on new properties......any thoughts? I know there is Grainger but yield is very low and somehow doesn't do it for me.GLAPE
Eadwig
12 May 2017
Re: new shares PIE-EaTEr,the RNS problem on ii has been going on for at least a year - and has actually cost me dearly due to some very serious announcements being missed in shares I owned or was about to buy. Including, but not exclusively, the failure of a blockbuster stage III drug test by a pharma company (that's like at least a billion expected dollar profit lost), takeover bids, failure of takeover bids, placements, final results, trading updates, unexpected 'resignations' of CEOs or CFOs.Remember, that's JUST in the shares in which I had a direct interest. Often I've posted the results RNSs up myself, because I was expecting them. Its the one's you're not expecting that you need alerting to, as a rule. It's inconsistent, which makes it worse. Also, in a way it isn't ii's fault, its the feed they take. The fact they haven't changed that feed may be their fault, or they might be stuck with what they have due to contractual obligations. I don't know and I haven't been able to get an answer when I've asked.I'm currently working on setting up my portfolio (not my accounts) elsewhere with a more reliable RNS feed. Its all a lot of work though, even though I can export my portfolio from ii in a form that can be imported elsewhere very often. It all takes time setting up alerts and things, and my portfolio changes maybe ten - twenty times a month, if you include divi payments. So becomes out of date very quickly and I don't have very much spare time.On the other hand, I have a trading account, ISA and SIPP with ii and it costs me 96 quid a year. There is another 20 quid a quarter charge , but you get 20 quid credit towards transactions, so as you can tell from above, that effectively doesn't cost me anything. I can add a JISA for no additional cost, and will be transferring it when its big enough to start buying shares in it.I don't know any other provider that can beat that. The Fx charge at 0.5% when buying/selling foreign stocks is also excellent, and something that I use very frequently.So, its a trade-off, I'm afraid, and we appear to be stuck with it. You just need to get into the habit of picking your RNS feeds up elsewhere. You can join many sites for free and set-up alerts on chosen stocks.
income investor
11 May 2017
Re: new shares Not just you - seems to be widespread on many holdings where RNS notifications are not being posted on III for some hours!!
PIE-EATER
11 May 2017
Re: new shares Is it just me, or have the RNS notifications been deteriorating even more on II of late.....not just re BBOX, but JIM was another this morning that didn't appear for a couple of hours (in which time it was up c13%)PE
seadoc
11 May 2017
Re: new shares "Guess we are going to be told heavily oversubscribed looking at price movement"Correct! The offer was 100m, placing 144m and subscription 12m. I am not much the wiser but guess the subscription was the excess. So if you took up the offer and applied for an extra 10% you might have got them?And to answer Eadwig, if someone wants to pay 146 for something on sale last week for 136 and oversubscribed (but no hint in the RNS by by how much???) am I in a hurry to sell? Uhmm... NO!But DYOR etc,Seadoc
Eadwig
11 May 2017
Re: new shares PIE-EATER, "Guess we are going to be told heavily oversubscribed looking at price movement " "Investor demand for the Issue has significantly exceeded the targeted size of £200 million. The Board, after careful consideration with the Manager and in consultation with its Joint Financial Advisers, has exercised its right to increase the size of the Issue to the maximum of £350 million.A total of 257,352,941 Ordinary Shares will be issued at a price of 136 pence per Ordinary Share (the “Issue Price”
, of which 100,517,096 Ordinary Shares will be issued pursuant to the Open Offer, 12,075,902 Ordinary Shares will be issued pursuant to the Offer for Subscription and 144,759,943 Ordinary Shares will be issued under the Placing.The Issue was significantly oversubscribed beyond the maximum size of £350 million; consequentially a scaling back exercise has been undertaken with respect to applications received.The net proceeds of the Issue will be used by the Company to acquire further assets. The Company currently expects to deploy the net proceeds of the Issue within six months of Admission.and that after this article about trusts to sell in May named BBOX as one of six ...3rd May 2017 'Sell in May?' "3. Tritax Big Box REITThis is the other trust Thomas would sell, on the grounds of its impressive performance since launch in 2013. Its share price is up around 40% since listing, but the hot streak may be nearing an end, so prudent to take some profits.Tritax Big Box REIT (BBOX) is the first quoted specialist provider of Big Boxes. The 4.9% dividend yield has caught the eye of income investors, but it comes at a big price - a premium of 9%."We see less scope for further yield compression from here, and on the current premium the shares look at best fully valued. Accordingly, we now expect dividends to become a much greater component of total returns; although with interest rates looking likely to rise over the next few years, a yield of 4% is less attractive"."In addition to the obvious risk of a Brexit inspired slowdown in the UK economy, we also wonder about the obsolescence risk over the medium to long term."Premium: 9.4% versus 12 month average premium figure of 9.4%."Appears to miss the point that online sales growth is the big driver here, as well as the new rail freight route from China, the so called, 'new silk road', which terminates in London and will have many new 'boxes' along its route.I believe there is some risk over the medium-long term as I described in a post below, but I don't see the trend slowing anytime soon. When/If it does, it wont drop off a cliff either, so plenty of time to withdraw gracefully, with profits, I should think.Why wont it drop off a cliff? Just look at retail in the UK, some are only just now scrambling to get online sales going and still have much improvement to their logistics to work out. The likes of BABA haven't even really broken into Europe yet, but will and will be building like Amazon when they do.I also believe there will be a slow withdrawal from out of town malls to match the exodus from the high street that started in the 1990s as some retailers move to just a few premium show stores, and the rest all online.And that's just consumer retail. Plenty of wholesalers like parts suppliers for autos, construction materials, heating and plumbing supplies, mail and parcel delivery companies etc are looking towards similar business models in an effort to remain competitive and meet customer expectations which are increasingly expecting next day delivery options on just about anything they order online.I dunno that we'll see the same capital growth as was measured at 40% from 2013. As I also mused below, these buildings depreciate pretty fast, and there may be a slowdown in land valuations if the economy slows post Brexit. Long term leases with upward only rent reviews will do very well in a higher-inflation environment though, whi
PIE-EATER
11 May 2017
Re: new shares Guess we are going to be told heavily oversubscribed looking at price movement
Davey Baby
11 May 2017
Re: new shares Other key dates from RNS 24/4/17:- Announcement of the results of the Issue 11 May 2017General Meeting 9.00 a.m. on 11 May 2017Admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange's main market for listed securities 8.00 a.m. on 15 May 2017Crediting of CREST stock accounts 15 May 2017
blow out
11 May 2017
Re: new shares Thanks,It was the entitlement I took up but not showing yet. IIII always seem to have a delayed reaction.
CeeAJay
11 May 2017
Re: new shares It wasn't a 'rights issue', it was a "placement, open offer and offer". There weren't any tradable 'rights shares'. If you are a current holder you should have got a notice of entitlement on or around the 24-April for your 1 for 11 entitlement. The entitlement had no value, i.e couldn't be traded and had no residual values if not taken up.The offer closed yesterday.
blow out
10 May 2017
new shares when are we allocated the special rights shares?
