terminal7 wrote:simoan wrote:terminal7 wrote:As a holder and nursing a small loss, I have been lurking on this board. Despite the above recent views, the price keeps edging down. This within a context of a degree of stability in the markets. Does anyone know what the likely timetable would be post 14/11 for a payout?
It does state:Expected date for payment of Initial Distribution*
on or about 18 December
* Actual date to be determined by the Joint Liquidators
Any idea what an 'initial' distribution will actually look like?
T7
If you look at the latest fundsheet you will see where the investments are listed. Most holdings are large, liquid companies on major stock markets, so I would expect maybe 80% or more to be returned in the initial distribution. The delay for some holdings will likely be because they are listed on less liquid stock markets (i.e. in the 11.4% listed under "Other Countries") or because of the liquidity of the holding itself, so selling without the price moving against them in this case is likely to be an issue. Then again I could be completely wrong! We're all guessing at this point as there is nothing definitive in the public domain.
Has anyone seen news of any update re distribution? Should we just assume for reinvestment reasons that monies will not hit our accounts much before the holidays?
T7
If you look at the FEET site, it states
"As set out in the Company circular dated 11 October 2022, it is currently expected that the Company’s portfolio will be realised and the proceeds distributed to shareholders via two distributions. The first distribution, which is expected to be around 90% of the Company’s portfolio by value, is expected to be made around 18 December 2022. A second and final distribution is expected to be made by 11 August 2023."
https://www.feetplc.co.uk/
So I guess it's worth waiting until a few days after 18 December to see the initial proceeds hit your account.
regards
Howard