SVS Securities - shut down?

johnburman

Or dividenddata. com

But I'm only going to start worrying about dividends after my securities have been transferred out to the new brokers. Let's start sorting out the almost certain mess about dividends AFTER transfer out not before. It will slow matters down. And of course for each divi they mess up on is a complaint and a claim for compensation from the FOS. 

My2penneth

Transfer = Priority #1
Once shares are in Phoenix, dividends due are visible,accurate and should be processed correctly. It's the "interim period" between shares being handed over to ITI Capital from the administrators and the time it takes to transfer them to Phoenix. In that period, dividends are being allocated manually . Then there are the shares which cannot be ported to Phoenix...dividends will need to be added manually.

sweeter_strudel

Josl said:

Can't believe some of the investors are holding IAG and Rolls Royce. They are down by as much as 85%.

When I first received the SVS PDF I couldn't believe I was seeing everyone's holdings! Anonymous I grant you but still everything was listed. I then tried to dump all the portfolio pages into Excel  to compare my holdings to others.
Oh how I laughed to see who else had been suckered in to dogs that had raised funds via SVS placings and then dropped in value by 90%.

.....and now I look at the GGP holders thinking "I wonder how many of you would've cut 'n' run at 4 or 5p?"

Every cloud...?

My2penneth

Geeba said:

RasputinB said:

Would it be possible to develop a list of dividends that should have been paid on the shares transferred to ITI?

I used the site https://www.dividendmax.com/ to check when and what divs I should be receiving.  It's a useful site!

Another useful site is dividend data. One can select "month" and whether you are interested in FTSE100.250,small cap etc.
https://www.dividenddata.co.uk/dividend-payment-dates.py?m=ftse100
(sample of results for September payments). 

The only criticism is that whilst one can select previous months in the "Dividend Payment Dates" , the ex dividend dates are forward looking only.

I do use "dividend data" quite a lot as it has lots of useful info.

My2penneth

My2penneth said:

Just logged onto my PX accounts....the value of the shares in both the trading account and my ISA is zero.  Normally, one would be worried if one were to log onto a trading platform and see this....However, when it comes to ITI Capital, it is par for the course.  Actually, are they on the point of moving the accounts?  

I can still see the shares and quantities but the value is zero. There is also a cash balance.

(I also see my wife's accounts are marked as zero value in shares and a small sum of cash as well)

(maybe Monsieur Bourse's scammers have "transferred them"? .. only took them from 6pm, pretty efficient)

And today the shares there are showing a value! 
Yesterday morning, the portfolio value was zero in share holdings and some cash. Today, the share prices have reappeared.
Just what is going on...? 

Josl

My2penneth said:

https://www.dividenddata.co.uk/dividend-cuts.py?market=alldividends
Another useful tab on the page is Dividend Cuts. You can find out if the UK listed company has cut or suspended the dividends. Many firms have cut OR not paid out any dividends due to Covid.

energymatt

Hi all
Similar to others I have been trying to transfers ISAs out to HL. Just checked, and lo and behold, in both my wife and my ISAs the SVS shares are there. The cash is not there however. Does anyone have any ideas on when this is likely to follow? Will then get into checking whether the dividends have been correctly paid.
Looks like this might be the beginning of the end of this whole sorry saga.
Thanks to all the regular posters on this forum who have provided updates all the way through

snipkin

As others have posted that their portfolio transfers from ITI to Hargreaves Lansdown had gone through I thought I would check mine. And, YES!!! - my ISA account with HL now has all the ITI holdings in it! Wow! All the share holding figures are correct. Only the cash element (almost £3,000) has yet to appear - same as others have reported.
I still have my non-ISA account at ITI (only one share holding left in this) which should be transferring to Jarvis XO - no sign of that yet.

So, I reckon I am 90% escaped from ITI.

rnf11

Has anyone who has had ex SVS shares successfully transferred to a new broker yet had any of their cash arrive therein?

My2penneth

I wonder if ITI are lending our shares out to shorters?