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The Royal Bank of Scotland Group plc Message Board

biloselhi9 6 posts  |  Last Activity: Jun 28, 2016 11:51 AM Member since: Jul 29, 1998
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  • Reply to

    Why is TE trading at the buyout price?

    by biloselhi9 May 31, 2016 12:31 PM
    biloselhi9 biloselhi9 Jun 28, 2016 11:51 AM Flag

    I might be wrong but I believe that any dividend paid going forward will be all or nothing. That is to say that any future dividends will not be "pro-rated" if by this you mean that if any future dividends will be adjusted for the passage of time between normal dividend dates. If the sale closes, say 2/3 of the normal time for the quarterly dividend, I suggest that we will get nothing. Last year the next dividend went ex-div on August 12, 2015. I believe that if the sale closes before about August 12, 2016 we get nothing. If it closes after that date we get the full quarterly dividend. If this was bond interest, not stock dividends, I would agree with you.

    Sentiment: Hold

  • biloselhi9 biloselhi9 Jun 9, 2016 3:18 PM Flag

    .....will be to click on "Flag" and then "Report abuse". Yahoo should devote more resources to cleaning the boards of these scammers..

  • Reply to

    Sold some more

    by af25421197 Jun 3, 2016 3:42 PM
    biloselhi9 biloselhi9 Jun 7, 2016 12:25 PM Flag

    Well, it last went ex-div May 12th, and paid May 27th. So, if you were buying to capture another dividend you would have to be pretty sure that the buyout closing would not occur prior to approx. August 12th, over 2 months from now. What's your upside? Pick ups another 23 cent dividend minus whatever premium you have to pay over $27.55 What's your downside? If you paid the 52 week high of $27.83 and the deal closes before the next dividend goes ex you receive $27.55, a 28 cent loss and there is no dividend to get. Plus you've tied up your money for two months for what? A loss. From what I read the only thing holding up the closing is for the New Mexico regulators to sign off which is customary. No one is suggesting that there is a bidding war for TE on the horizon.

    Sentiment: Hold

  • I notice that TE is trading @ 27.55 which is the buyout price or even a few cents higher. Why? There is no bidding war. There won't be another dividend before the cash payout occurs. Other than say $5 or $10 in commission why would the owners not cash out now and invest elsewhere? And why are new buyers paying the buyout price when it's a done deal.... there is no upside to a buyer. Am I missing something?

    Sentiment: Hold

  • biloselhi9 by biloselhi9 May 18, 2016 11:59 AM Flag

    Is anyone else out there following the preferred L series of RBS? I notice where it has moved up to par rather quickly..

  • biloselhi9 by biloselhi9 Apr 2, 2016 12:37 PM Flag

    Where can I find current income statements and balance sheets for IAF? The last info that I can find is for 2008. Thanks.

RBS
4.92+0.08(+1.65%)Jun 29 4:01 PMEDT