Wyre Fox
09 Mar 2018
Re: FAV 100.643164 p - cash now received Cash showing in iDealing account at 4pm.
Wyre Fox
09 Mar 2018
Successor trust The successor trust has the ticker MATE. On the iii research portfolio it appears under LSE rather than investment trusts, and is on the second page of the list of stocks. It took me a few days to find it.
CaptainBlack
07 Mar 2018
Anyone know when those who have opted for cash will receive their cash?
swslondon
05 Mar 2018
Customer service Such dreadful customer service from the 3rd party at JP Morgan.Why would anyone invest in this asset management group?
Wyre Fox
01 Mar 2018
FAV 100.643164 p This is the Final Asset Value for those taking the cash option.source: the LSE RNS feed.Those who rolled-over, or didn't choose, will get 1.00643164 MATE shares for each JPI.
JohnOfYork
27 Feb 2018
Re: Extra Dividends Many thanks WF - that's two RNS's that I've missed and I'm £810 better off than I thought I was. And it's my birthday tomorrow!
Wyre Fox
27 Feb 2018
Re: Extra Dividends A fourth dividend in the company year ending 28 Feb was declared on 16 Jan and paid on 23 Feb.
JohnOfYork
27 Feb 2018
Extra Dividends I've just been credited with a second payment of dividends i.e. a repeat of the January dividend - anyone else? Any ideas why or is it just an Interactive Investor error?
Wyre Fox
02 Feb 2018
Re: Value of Cash Offer The company estimate the cost of liquidation at 21.3 bps, or 0.213%, see RNS titled Portfolio Update on 19th Jan.
Wyre Fox
01 Feb 2018
Re: Liquidation or Roll-over I intend taking the cash for most of my holdings, but will roll-over one tranche to postpone the capital gain. It has been a good run - IRR of 15.8% across all tranches, with some held for 2 years and others for 10 years.
Wyre Fox
31 Jan 2018
Liquidation or Roll-over The corporate action for the liquidation of the company is now issued. The deadline for shareholders to choose to cash in or roll-over into the successor vehicle MATE is Feb 14. Hargreaves Lansdown have this on their website already; other brokers may be slower. The default option for those who don't make an election is to roll-over.
Krayl
30 Jan 2018
Re: Value of Cash Offer The current NAV of the Zeroes is 191 against a redemption value of 192.13. The shortfall of 1.13 will made up from the Preference shares (JPI) which equates to 0.75p per share. The current NAV of JPI is 101.8 so nominally we will get 101p per share for JPI.I don't know whether an Institution can achieve the full NAV when selling off a large quantity in a relatively short timeframe. If they get 1% less than NAV then JPI will return 99.8p. If they get 2% below then JPI will return 98.5p. Therefore I am selling my holding now.I have a considerable holding in JPI and would not consider rolling it over to a new unproven replacement.
Wyre Fox
29 Jan 2018
Re: Value of Cash Offer The precise value is not yet declared. The zeros will be redeemed at 192.13, above their current NAV of 190.9, so the VALUE of the Ordinaries will drop slightly. I would expect the eventual value to be in the range 100-101. It does depend on how much is left invested. The wording of the RNS is open to multiple interpretations. It doesn' t say when they instructed the managers to liquidate, and it doesn't say how far through the process they have got.
JohnOfYork
28 Jan 2018
Value of Cash Offer I can't find the Circular on the JP Morgan website - has anyone found it?The NAV on 25 Jan was 101.9 - is this what we'll get?
JohnOfYork
26 Jan 2018
Re: The iii site is missing the RNS abou... Many thanks WF - I'd completely missed this and was about to buy another shed load!
