We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

Could someone please explain the meaning and implication of the following.

Does it mean that the company wants to issue more shares? If it does mean this what is the effect on shares already held? Will they be devalued by dilution?
Thanks in anticipation

B2B


Patientline plc ('the Company')
Additional Listing

Application has today been made to the UK Listing Authority and the London Stock
Exchange for a total of 42,425 ordinary shares of 5p each in the Company
('Ordinary Shares') to be admitted to the Official List and to trading on the
London Stock Exchange's main market. Of the 42,425 Ordinary Shares being issued,
40,231 Ordinary Shares are being issued pursuant to the exercise of options,
with the remaining 2,194 being issued under the Share Purchase Agreement for
TVTEL BV dated 1 December 2001.

Admission of all the Ordinary Shares is expected to become effective on 8 April
2004.

2 April 2004

cashcaptain - You will find this at "News" on the 1st

LONDON (AFX) - The appointment of administrators at vehicle manufacturer Mayflower Corp PLC has scared off bid interest from Melrose PLC as the AIM-listed cash shell said it no longer wants to pursue acquisition talks.

'Melrose reserves its position to make an offer for the shares in the event that Mayflower shares are re-listed,' it added.

Mayflower's financial crisis has been well documented and yesterday it called in the administrators after it was unable to persuade its lenders to give it a stay of execution.

It's self-explanatory about Melrose. At the end of the day what happens is dependant on the administrator. Worse case - your money is gone. As a shareholder you are at the end of the queque when it comes to being paid.

brain2brain - In theory it could do what you ask, but the amounts are quite small so I doubt it.

Little woman

Many thanks for that.

B2B

Tellon, try this: http://stockcharts.com/gallery?$TRIN

You can find lots of others here: http://stockcharts.com/charts/catalog/09.html

i wonder of anyone can assist pse ...

Q. What is significance of the 'close period' and what is it's relevance i.e when a company issue's a Pre Closed Period Update . I guess it's to do with the end of a certain trading period etc..but half knowledge can be dangerous so vll be grateful for the correct info.

Q.On the companys account's this does appear alot .. don't suppose anyone know's what these terms mean
i.Goodwill amortisation
ii. Goodwill impairment

many thx in anticiaption

kantona

The company cannot issue any trading statements but can issue significant news, also directors cannot sell / buy shares in the close period. Hence pre-close trading updates.

2nd Q - not at all sure!

kantona
Goodwill is something that can be on a balance sheet but is not a physical asset. If you bought a shop and its stock that might be worth 50,000, you might have to pay 75,000, the 25,000 being for the reputation that the shop has built up in the area. There is no physical asset but it has some worth in terms of potential sales.

Most analyst when looking at a company's balance sheet will strip out the goodwill, therefore companies look to reduce that value on their balance sheet either in one hit over a period of years (amortisation)

Good answer Jeff ..

thx everyone ..

Croc.
Re post 002 question 2
Do you think this is likely to be any good?
http://store.yahoo.com/onlinetrading/eltradguidfo.html

The close period is defined under the Model Code, part of the Yellow Book, which you can find by doing a search in the UKLA part of the FSA website.

There is also some information here:

http://www.moneyam.com/sharesmag/edition60/?page=letters

The close period restricts dealings by directors, the company itself and related persons in the company's own securities in the period between the close of the accounting period and the publication of results which is usually but not always around 2 months. The company usually can't buy back its shares either, like Northern Foods at the moment, although there are exemptions.

Contrary to popular belief it is nothing to do with the company updating or releasing statements to the market. There is a continuous obligation under the Listing Rules to keep the marketplace informed of anything like business performance which would have an effect on the share price if released.

Can someone please give me some information about dividends please? I bought some shares in Domino's Pizza a couple of months ago. Unfortunately they have slipped off their previous growth trend so I am looking to sell them. At present they are ex-dividend. The dividend date is 29th April. My questions are.............. How do I receive the dividend? Is it sent by post to me or to my account with my broker? Is the day after the dividend date the earliest I can sell the shares without losing the dividend? Lastly, in my complete ignorance, when a figure is quoted for a dividend is it a percentage or is the figure in pence per share.

Many thanks for any replies.

B2B

you should be able to sell them now and keep the divi (of 2.18p per share) which will be paid on the 30th April.

If you hold the stock in your own name you will rx the divi.

If you have a nominee account with your broker they will collec the divi on your behalf.

If you want it paid out to you it is probably worth while letting your broker know, otherwise it is likely to sit on your earnings account with them for a while.

cheers

FirstCall

Interesting to view your question in hindsight after LLOY fell to 405p

I have for many years played the divi's to give a guaranteed return as well as making a capital gain.I have bought as late as 4.29pm the day before a share goes ex-divi the next day,then sold(very rarely as price adjusts for the divi)on the ex-divi day.
The normal ploy is to get a good divi then keep enough funds to pound cost average in order to get out with the divi and also having covererd your costs.Along with in nearly all a profit in the shares.
The period usually is anywhere on average between days to 3/4 weeks.
This has recently worked on BARC LGEN LLOY SHEL which all paid a good percentage return against annual Building Society rates.

Many thanks 38 / Torquay
Your comments have been most useful.

B2B

My 1st Divi play.
Have just tried the divi play for the first time. Did not do well.
BA and Logica paid 1100 and 510 but the drop in share price represented 2200 and 3000 pounds respectively.

What I would have done differently would be to have sold both shares on Tues when they passed their peak, then shorted overnight, paid the 1620 divi so I would have made 5200 less divi = 3580 profit.

I would also be in the position of being able to buy both shares at a cheaper price... BA Tues peak was 226 and Wed went to 211. Log peak was 260 and Wed went to 238.

Will possibly try this next week .... GKN (3.31% divi)

Hi Marzipan
Which method would you have used to short?
It appears you have a different approach to me.