Why wouldn't you pile a load of cash into this?
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Genuine question - there must be a catch.
ADIG dividend will be 19p on a 46p share price. £1000 would buy 2173.913 shares. Dividend in less than a fortnight would be £413.04. Sell shares on 22/11. Even if share value drops by 40%, you are still in profit on the deal.
It looks too good to be true.
I won't be doing it, as I'm averse to risk, but I'll be watching the price to see what really happens.
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There must be a mistake in the data on the website, in that case.
https://www.dividenddata.co.uk/
It's definitely 19p, as the div impact is quoted as 40.95% ( 46.4 / 19 *100% )
Yep, deffo 19p...
https://www.londonstockexchange.com/news-article/ADIG/b-share-scheme-distribution/17300219
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Sir A,
In 2024 they paid 1.95p and more recently Board minutes show 1.5. The 19p is clearly an error. They don't have the means to pay 19-step away from the button
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Reading the London Stock Exchange link, I interpret that they will issue B shares with a starting price of 19p (1 for 1).
I expect the combined price of the A & B shares will probably not exceed the current value of ADIG, but only time will tell.
I'll watch with interest.
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Reading the London Stock Exchange link, I interpret that they will issue B shares with a starting price of 19p (1 for 1).
I expect the combined price of the A & B shares will probably not exceed the current value of ADIG, but only time will tell.
I'll watch with interest.
@SiriAlexaAl Yep, that's what's happened.
