Based on Yahoo Finance, the .432052 fractional shares of NRGM that were spun-off from NRGY are worth $9.89, which makes each whole share of NRGM worth $22.89. The closing price of NRGM last night was $22.88.
I've contacted investor relations to see if this is valid, or if the cost basis for NRGM should be a fraction of the price we paid for NRGY.
So the stock price jumped 12.5% ($2.72), and there's no news report or message chatter to accompany it. Has anyone seen a reason for the value appreciation?
Now that DTEGY has merged its T-Mobile unit with MetroPCS to form T-Mobile USA, will DTEGY be spinning-off shares of TMUS to the DTEGY investors?
I've picked-up shares of TMUS too.
If such amazing stuff happened on 26 December, can you tell me why my shares were exchanged for nothing on 24 December? I don't see any news in Yahoo-Finance or on the company's web site, but I see that Li-Ion Motors now is called Terra Motors - I first acquired it when it was Hybrid Technologies.
Thanks, but I never used their discount card. The only one I used was Borders; however, the Borders mailing list was purchased by BKS. Don't know if that was the source.
I received a gift card from BKS yesterday, but don't know if it is because I'm an investor or if because I'm on some other list. Did any other investors receive a gift card?
I was looking for the same thing. According to the spin-off calculator, it still is "tbd" for to be determined.
I agree that this is a buying opportunity. I just cost-averaged-down with my latest shares paying better than 10% dividend, and total shares paying around 9%.
This stock either will stay small by itself like HTCO and CNSL, or it will be acquired by its larger neighbors of WIN and FTR.
Did any other former Progress Energy holder get a proxy for next month's meeting?
Looks like a lack of communication between the Company and proxy agency...
Last week, TEF issued a stock dividend.
This week, according to Merrill Lynch/Bank of America, that dividend was reversed/corrected. It seems as though the initial dividend was $0.26/share rather than the corrected $0.026/share.
If your shares are held by Merrill Lynch/Bank of America, you may want to check to make sure their reversal removes the correct shares. In my case, they deducted my oldest shares (cost about $25/share) rather than the new shares (cost about $1.52/share).
I too received my stock dividend after receiving credit for the cash dividend, less the ADR Fee, and then a debit for the whole cash dividend.
Based on my cash and shares, it looks like the shares were worth ~$1.52 each. Does that sound right?
With the stock hitting a new 52-week low (dropping below $5), you may be right... As I just cost-averaged by picking-up some dirt-cheap shares, I'm hoping the summer fruit season will provide a bounce, or acquisition... Maybe BGS will want some fresh fruit for their All Fruit.
I think CTL would be a better bet for a buyer. Even though they just purchased Q, they seem to do this in the right way.
Poor FTR, we knew them well. Then they were exposed to the curse of the VZ spin-off. Hopefully they won't go the way of FRP, which went bankrupt (investors lost everything) and returned to suck-in/-down a new bunch of investors.
It doesn't look like Yahoo is showing an x-dividend date for this stock; however, in previous years, the stock went x-dividend in April/May I believe. Anyone know when the 2012 date will be?
While Finance.Yahoo.com didn't report the news in this record, it reported in one of the Mexican stock exchange listings that the company is splitting three for one (3:1 split). This is why the 2/3 drop - nothing about which to fear.