strapuk
15 Jan 2019
Share buy-back halted? P2P’s purchase of 10000 of its shares on 14/01/19 took the holding in Treasury to exactly 12.00%. There are now 10, 358, 402 shares held in Treasury at an average cost of 817.9p. The current share price is 815.0p. The maximum permitted buy-back is currently 14.99%.
mememe
07 Sep 2018
interactive investor not paying back tax reclaims @my_stocks_go_down, you are lucky… AJ Bell and IG both say they will not reclaim the rebate on withholding tax. Have tried for Plus 500 which has 35% withholding tax.
mememe
07 Sep 2018
interactive investor not paying back tax reclaims @triceratops, AJBell credit late too. They had a notification about Aveva, on 3rd May HMRC had declared what was previously a dividend as Return of Capital. They didn’t notify clients until the end of August.
ronnie_e
07 Sep 2018
interactive investor not paying back tax reclaims I am very slack on dividends, believing that needed checking in the internet age, what class of share is due the rebate please? Some years ago my wife worked for an agricultural merchant where customers were often due rebates. It was their practise to complete paperwork, write cheques then put them in the bottom draw. If and when a customer complained, it was posted on, if not they kept it. These were not the brightest sparks on the Planet so I assume this was common office practise. It is easy to dismiss fraud as a ‘mistake’.
strapuk
21 Jun 2018
Share buy-back halted? I’m probably typing int a vacuum here now II has totally buggered up its once excellent Research Facilty, but anyway, with yesterday’s purchase, P2P now has 10.02% of its issued shares in Treasury. Maximum currently allowable is 15%. Average price paid for the 8,647,517 shares purchased so far is 821.94p.
strapuk
11 May 2018
Re: Share buy-back halted? - Restarted J... With yesterday's purchase, P2P now has 9.50% of its issued shares in Treasury. Maximum currently allowable is 15%. Average price paid for the 8,203,074 shares purchased so far is 823.53p, so gradually coming down to current prevailing price.
strapuk
06 Apr 2018
Re: Share buy-back halted? - Restarted Jan-18 With yesterday's purchase, P2P now has 9.05% of its issued shares in Treasury. Maximum currently allowable is 15%.
strapuk
26 Sep 2017
Share buy-back halted? With the MW Eaglewood & Pollen Street Capital merger completed 15/09/17, it looks like the share buy-back programme has been halted for the time being. Last transaction was on 08/09/17. 6.53% of issued share capital now in Treasury at a cost of £46.8 million. Current value of that 6.53% is £46,.2 million.Hopefully Pollen St will bring more to the table to try to claw back some value fir long-suffering shareholders.Not holding my breath though.
alpal
22 Aug 2017
Re: Share Buy-back. I think this buy-back is being badly handled. They are spending £200k per day (i.e. £4.5m per month) to support the share price.Better to aggregate 3 months of cash (£14m) and then have dutch auction to get rid of weak holders.
strapuk
18 Aug 2017
Re: Share Buy-back. With yesterday's purchase of 25000 shares, P2P now has exactly 6% of its share capital held in Treasury. Average price paid to date is 829.25p per share.
strapuk
14 Jul 2017
Re: Share Buy-back. I guess it usually makes sense to buy-back when the discount to NAV is significant, (c.11% today?). As of yesterday's RNS, 5.34% of issued shares are now in Treasury.I think I am hoping there is a formal tie-up (take-over?) with Honeycomb IT.
my stocks go down
29 Jun 2017
Re: Share Buy-back. Think it all comes down to whether you think the shares are undervalued. If you do, then the buy-back is a success as any entity should look to buy back when unappreciated by the market. I think the shares are undervalued and I will be adding soon.
strapuk
28 Jun 2017
Share Buy-back. Yesterday (27th June) was the 1st anniversary of the start of P2P's share buy-back programme.It has now repurchased 4.99% of issued shares for a total cost of £35.243M, or 43p per share not in Treasury (that could potentially have been distributed to shareholders). Total dividends paid in that time were 45p. 1st purchase was at 804.3p and yesterday's was 890.9p.The board currently have permission to buy back up to 14.99% of issued share capital.Does anyone have thoughts as to whether this programme can be considered a success?
triceratops
20 Jun 2017
Re: interactive investor not paying back... I complained to the financial ombudsman a few months back. I got an apology from ii and some trading credits put on my account as well as my family members.I think it is incompetence rather than anything more sinister. The number of different responses I received when I was chasing down the missing payments for P2P and SMEF was laughable. The people answering the e-mails can be pretty clueless. I seem to be getting what I am owed at the moment but I have to keep a close eye on things which is not ideal.It has spurred me to open a new account with AJ Bell though. If I have a better experience with them I will be tempted to channel ISA money there in future.Tops
my stocks go down
16 Jun 2017
Re: interactive investor not paying back... I got a rebate 2 days ago in connection with, I presume, this withholding tax. I have always... eventually... got the full amount but the rebate element normally takes a while!
