What do you think?
Was suggested in the shareholder...
Invests in private equity and pays a dividend of +8%
Gladstone CapUS3765358789GLADGLAD
Gladstone Cap
US3765358789
GLAD
GLAD
4Mon·
An (opinion & experience) update on the spin-off of $SOLV WI (+0%) Solventum and reverse split $GLAD (+0.96%) Gladstone Capital. The Solventum shares were tradable after about 3-4 weeks, the Glad shares within a few days and since yesterday savings plans are available again at SC.
What I will do for the next spin-offs and splits is to keep more calm. I could have saved myself all those posts and thoughts afterwards. Everything worked out without me having to do anything.
If such "complex" things work out, nobody will have to ask in future when their dividend from $BATS (-2.08%) will finally arrive. 🤣🤣
5Mon·
Since I have both $GLAD Gladstone Capital and $SOLV WI (+0%) Solventum as a 3M spin off in my Scalable portfolio, I asked Gettex today when to expect the new shares to trade. Here is the answer:
"there is no settlement confirmation from the German central securities depository Clearstream for either share.
No orderly stock exchange trading is possible without a valid settlement confirmation.
The resumption of trading in Gladstone Capital or the inclusion of Solventum in trading is not possible under these circumstances."
If SC can't manage it with Solventum, there is always the detour via a securities account transfer. I'm not so sure about Gladstone because I still have the old ISIN in my securities account before the reverse split and not the new one. I don't even know whether the old share can still be transferred. I've already had a "normal" share split at ING, but that went without any problems. A reverse split shouldn't be rocket science either.
I'll just have to be patient now. At the moment, I can't imagine that the money will simply disappear at some point.
11
7 Comments
4Mon
I told you, the right broker who trades with foreign exchanges is all good 😙
•
22
•
Financials
Market Cap
$506.01M5Y beta
1.25EPS (TTM)
$3.534Free Float
21.13MP/E ratio (TTM)
6.58Revenue (TTM)
$96.66MEBITDA (TTM)
$46.09MFree Cashflow (TTM)
-$11.17MPricing
52W span
$18.40$24.73
Analyst Ratings
The price target is $22.00 and the stock is covered by 5 analysts.
Buy
1
Hold
4
Sell
0
Information
73Misc. Financial ServicesFinancials
Gladstone Capital Corporation is a closed-end, non-diversified management investment company. The Company’s investment objectives are to: achieve and grow current income by investing in debt securities of established lower middle market companies (which generally define as companies with annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $3 million to $15 million) in the United States that will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit to sell its equity investments for capital gains. It focuses on investing in lower middle market companies. The Company externally managed by Gladstone Management Corporation (the Adviser).
Identifier
ISIN
US3765358789
Primary Ticker
GLAD