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AJ Bell plc Initial Public Offer now open for applications
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- Lemon Pip
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AJ Bell plc Initial Public Offer now open for applications
Check your account for more info
Link here to for prospectous....https://www.youinvest.co.uk/sites/defau ... pectus.pdf
Link here to for prospectous....https://www.youinvest.co.uk/sites/defau ... pectus.pdf
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
Whilst a dividend policy is discussed in there (page 12) ought we not wait at least 5 years to see if it becomes papabile here, so to speak ?
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
With no history I'm not sure how and IPO can ever make it to a HYP though Royal Mail does get mentioned.
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
Moderator Message:
Poster should check boards guidelines. Moving to Shares from HYP Practical. Raptor
Poster should check boards guidelines. Moving to Shares from HYP Practical. Raptor
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- Lemon Half
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Re: AJ Bell plc Initial Public Offer now open for applications
ap8889 wrote: to participate in the IPO
Is it only available to AJ Bell customers?
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
Alaric wrote:ap8889 wrote: to participate in the IPO
Is it only available to AJ Bell customers?
Looks like it. I'm interested, but am not prepared to open another broker account.
If the share price doesn't soar I can always buy after the IPO and listing.
If my calculations are correct the yield shoud be about 4.5%.
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
I'm a Bell customer and I'm interested in the offering, it would of course depend on me having the money in that account and doing some more research. I already hold Hargreaves Lansdowne another broker and when I did the research on them they looked a profitable operation and I've since seen capital appreciation, a rising regular dividend income and a handful of specials too. On first glance they looked to be amongst my best performing financials. Now Bell might not be a mirror of HL but they're in the same business and some metrics might copy across.
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Re: AJ Bell plc Initial Public Offer now open for applications
77ss wrote:Alaric wrote:ap8889 wrote: to participate in the IPO
Is it only available to AJ Bell customers?
Looks like it. I'm interested, but am not prepared to open another broker account.
If the share price doesn't soar I can always buy after the IPO and listing.
If my calculations are correct the yield shoud be about 4.5%.
77ss: I make the prospective yield 2.3%. Would you please be so kind as to compare my figures with your calculation and let me know where they differ. I am a mainly HYP investor so 4.5% would be interesting. At 2.3% it looks a little expensive for my taste. Anyway this is how I get my number using ‘mid’ values from the prospectus.
2018 PBT £28.4m less tax charge £5.7m leaving £22.7m
Dividend policy 65% of after tax profit
Estimated dividend £14.75m
Market capitalisation: £650m
Yield 2.27%
Even if they say the other 35% is surplus to requirements and distribute it the total yield would be 3.5%.
Cheers, rtk
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
raythekiwi wrote:....
77ss: I make the prospective yield 2.3%. Would you please be so kind as to compare my figures with your calculation and let me know where they differ. I am a mainly HYP investor so 4.5% would be interesting. At 2.3% it looks a little expensive for my taste. Anyway this is how I get my number using ‘mid’ values from the prospectus...
Yes - I got that badly wrong! 2.3% it is. Thanks for the check.
Like you, at 2.3% I am less interested.
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer - Over-subscribed
https://www.businesstelegraph.co.uk/aj- ... ipo-price/
Investment platform AJ Bell is set to float on the stock exchange with a value of £651m on Friday morning having priced ordinary shares at £1.60 per share in a “heavily oversubscribed” initial public offering.
The final price falls exactly at the mid point of the £1.54 to £1.66 range set out by the platform, which is used by DIY investors and their financial advisers, last month.[/u][/u]
Investment platform AJ Bell is set to float on the stock exchange with a value of £651m on Friday morning having priced ordinary shares at £1.60 per share in a “heavily oversubscribed” initial public offering.
The final price falls exactly at the mid point of the £1.54 to £1.66 range set out by the platform, which is used by DIY investors and their financial advisers, last month.[/u][/u]
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
ap8889 wrote:I didn’t subscribe in the end: Cash at hand was ultimately too tight on deadline day to make it worthwhile. Watching with interest though.
Well I got massively scaled back and only got 43% of the shares I applied for. So a pretty disappointing result from AJ Bell yet again! I should have known better...
All the best, Si
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
simoan wrote:Well I got massively scaled back and only got 43% of the shares I applied for. So a pretty disappointing result from AJ Bell yet again! I should have known better...
All the best, Si
I was scaled back too, still never mind as I see I could swap them out today for 30% more than I paid for them.
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- Lemon Quarter
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- Lemon Quarter
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Re: AJ Bell plc Initial Public Offer now open for applications
Since there was no stamp duty or commission involved, I took a punt on these, and am glad I did - my (paper) gain has more than paid back all my custody fees to date, and should do for another few years!
But buying AJB doesn't really fit with my longer term HYP(ish) strategy, so I plan to try and offload them quite soon.
But buying AJB doesn't really fit with my longer term HYP(ish) strategy, so I plan to try and offload them quite soon.
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Re: AJ Bell plc Initial Public Offer now open for applications
I applied for this one as a long time customer, took a largish position, scaled back to 38% of my total application.
Happy with the outcome so far, hope AJB continues on it's upward path.
Plan to hold and accumulate more if/when price drops back in any market turmoil.
Happy with the outcome so far, hope AJB continues on it's upward path.
Plan to hold and accumulate more if/when price drops back in any market turmoil.
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