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Neil
Do you know whether Mr Glogowski took up his options, if not does he have a time limit to do so ?
Are you able to say how you are privilege to this info
Chris
No names will be disclosed as none of the subscribers breached the 3% public disclosure requirement (TRA1), BUT Institutional investors WERE involved.
Neil
Yes if a TRA1 is needed I would imagine
Does anyone know who subscribed for the new shares?
Will this info be disclosed before market opens?
So what you are saying is not only are most people going to be down from the start. But additionally we have lost the isa protection and on top of that anything we sell counts as a profit and will be taxed as such?. Wow great start it was worth the lengthy wait the bod have done us proud.
Funnily enough Rooblertwo, after transferring some funds over ready for the morning, I had a quick dash in the rain to get some bacon and fresh rolls for the morning. Bring it on.
GLA - been a long journey so far, but hopefully one we can smile about in the not too distant future.
Agreed dickie3 - if we are correct then all investors on here need to understand that if you used to own BOU shares in an ISA, if you sell CIZ from tomorrow, your entire proceeds will be a capital gain as your base cost is zero. if that gain is less than £12,300 your exempt allowance covers it. If the gain is greater than £12,300 then you may have to pay CGT unless you have losses brought forward that you can use. Or you do as dickie suggests and drip feed the shares into your ISA to give them tax protection but ensure that you do not exceed the exempt allowance this year, next year, the year after etc. Bed and ISA counts as a disposal for CGT purposes. If you used to own BOU shares outside of an ISA then the cost when you bought them will count as your original base cost.
dickie3times - LSE seems to work on active tickers hence why BOU is not searchable once CIZ is listed and an active ticker it will be searchable lol
Everytime for the last 18 months i mention a potentially new, great investment opportunity to my other half, i've had the response "what, like Bould Opportunities?".
Tomorrow is a new day and those sarcastic comments won't be missed. GL for tomorrow fellow Cizzlers
I thought the new CIZ chat would be set up after hours tonite ?
don't forget to chat on the NEW CIZ board which should (all being well) appear tomorrow on LSE!
Well the last chapter of BOU has been written, and a spanking brand new one for CIZ is about to begin.
Aspen
Also any CGT losses that have been filed on self assessment tax returns can be carried forward indefinitely and set off against CGT taxable gains.
Aspen
Just managed to sell out of me KOD day trader on a break even and left some in for the bottom draw.
CIZ is having it tomorrow.
GLA
See you in the morning with the bacon butties at our desks.
dickie3times - there is an annual investment limit on an ISA - so for some the reason to use a tax liable account is because they have more to invest. That's not me I hasten to add! My own conventional trading account was set up ages before I was able to set up an ISA and as pretty much all my portfolio is underwater at the moment there is no merit in transferring to the ISA
Hallow18...your CGT points are correct. However if your total profits in your trading account is less than £11,200 for the present tax year and you keepvit that way then no CGT is payable. One way is to bed n Isa before your share profit reaches thevtax limit or sell only enough to avoid tax.
ie i never trade in my trading account and so far this year i still have an allowance of £16,000 for my ISA.....it therefore follows that, for me i should bed n ISA all my CIZ new shares as soon as possible. Either way you do it, get them transferred as quick as possible, you will lose only a few shares but be tax free is you already are under the tax threshold.
nb, i absolutely refuse to pay CGT and my ISA has stood me in good stead since 2011.
Imo tranfer quickly just in case the shares rocket and puts you in tax liability. Or sell only enough to keep below the threshhold and simply wait till next year to sell or ISA the rest. With really big holders wanting to avoid CGT...simply sell a few each year ( or ISA ) until you have got them all out of your trading account. Sit on them.
It puzzles me why anyone is still using CGT tax liable trading accounts...stoooopid. imo
Your scenario does not take into account the original cost of the shares. When the shares were delisted, they had no saleable value, the original cost still has to be taken into account.
Aspen
Does anybody know the CGT position in respect of these shares? I think that at the point that the BOU shares were moved out of ISA accounts and into ordinary share trading accounts when the shares were de-listed that the shares were effectively worthless and therefore that the base cost of the shares for CGT purposes is zero. On the re-listing tomorrow, the shares once again become tradeable so if those shares are sold, the full value of the disposal proceeds constitutes the capital gain as the base cost is £nil. Can anybody confirm that point? If that is the case then shareholders will need to consider their CGT position, using their exempt allowance where available and being mindful that if you bed and ISA, you may trigger a capital gain which may be taxable depending on the value of the gain that you realise.
I hold 17.5 million = 35,000 CIZ new shares. My strategy is to hold and see what way the sp goes.
If we drop below 9p then i have 4k to buy more thus doubling my holding. If the sp moves up fast i will just hold fast and see how it performs over the coming week.
Gla
Upshunt
If you have 7m shares in Bou, you will have 14,000 new shares in Cizzle (500:1 consolidation)
It probably won't come as a great surprise to most on here, but i will not be selling my shares any time soon. I will post something further later tonight when i get home.
Neil
Consolidation is 500/1
You will end up with 14,000
Yep I am going to hold my 7m. Consolidated to 7m = f(X) I really cannot remember the ratio this is being (reorganised at). And can't see it in an RNS. Old age really does mean you can't find anything until it is too late.
It's easy for me.
The fear of losing every penny of my investment in CIZ is tiny compared to the fear of missing out on the 5 / 10 / 20 + bagger that this could become.
A few people have asked how to get their shares back in there ISA. For those that are unsure, If you want to keep hold of your shares or not lose money then you need to be very careful!
If your broker is offering Bed & ISA then ask what kind of protection they are able to offer to ensure your shares remain yours. When a Bed & ISA takes place your shares are sold and immediately bought back again. With HL they explain that the shares are effectively held safe whilst in transition. I'm not sure how other brokers work. You don't want to lose your shares if the broker can't buy them back at the same or similar price (or not at all!) due to buying demand on the day.
Ask about the fee (or equivalent cost if you end up having shares deducted to cover the fee).
Check that you won't be paying the full spread to buy the shares back in your ISA. HL charged me around £50 worth of shares for a Bed & ISA for which the spread would have been several hundred. Check in advance.
Biggest risk could be a DIY Bed & ISA.
If you sell your shares yourself it will take a few working days to get that money into your ISA. This is because the money showing in your account from shares you sell isn't actually there until 2 days later (your broker makes it available to use to buy more shares, but it's not actually there so you can't transfer it - I assume this is typical for all brokers?). Those 2 to 3 days could mean losing out on a couple of hundred % on a newly listed share with possible news incoming.
Another option is to transfer additional money into your ISA to buy on the day, and then sell from your trading account afterwards. Great if you have the money to free up temporarily.
With a DIY Bed & ISA you will be paying the spread which might be very big on day 1. Check what you can buy and sell at before doing this and decide if you're happy with the cost difference.
It might not be easy to buy or sell on the day (too much demand to buy or too many sellers).
If you manage to buy in your ISA before selling from your trading account and the price then goes up then great as you have twice as many shares and you can sell your trading account shares at a profit and cover the spread.
But if the share price drops after you've bought in your ISA and you can't get a quote to sell then you'll be losing on two lots of shares plus the spread by the time you have a sell quote to offload your trading account shares.
For me I'll be using a fresh pot of money in my ISA to buy CIZ if the price is right and if the spread isn't crazy big. I'll decide later what to do with my shares in my trading account.
I hope that's useful to anyone that was unsure.
Hi Neilin62, Thanks again I will check with II, Regards DM