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I still have my Dragon Oil shares, what do i do with them? Can anyone let me know? Thanks
Do we just get paid into our nominee accounts Thanks
I signed and returned my acceptance letter and share cert on 4th Aug. found out yesterday from Investor Relations that they never received it. (Although they are checking) What now? Any advice for me out there? I have no proof as it was mailed in the envelope they sent with acceptance letter. Should've sent recorded delivery - but hindsight is a wonderful thing!
Yippee my dosh for my 549 shares arrived this morning, wow 18 years 😲holding of these beauties I have been receiving dividends net tax since they starting paying a divi - is it worth claiming that tax back as a UK national or will the HMRC ask why I haven't declared foreign dividends previously on my self assesment forms ? E.G just a ball ache ...
Meant long* not short
Derivative houses buying stock to cover client shorts (spread bet) that weren't fully hedged?
And what is the point you are making ? Everything you have said has been common knowledge for the last week, so I repeat why would anybody buy shares at £8.00 when in 3 weeks time they will get £8.00 back.
Best ring Capita Dublin ASAP Kal -el ! I too mislaid mine but applied AND paid for a copy with my £7.50 acceptance return, I have had communications from them subsequently so think I am ok. Hopefully those more informed on this site may advise you more BUT RING DUBLIN ANYWAY
I have lost my share certificate!!! If I send the acceptance form away without the certificate will I still get paid?? Thank you :)
UPDATE 1-ENOC secures support for Dragon Oil takeover with improved offer Sun, 2nd Aug 2015 14:24 (Adds quotes) LONDON, Aug 2 (Reuters) - Emirates National Oil Co Ltd (ENOC) on Sunday raised its takeover bid for Dragon Oil Plc to 800 pence per share, a price that won the backing of the oil producer's two largest minority shareholders. ENOC said in a statement on Sunday the increase had won the support of the required majority of Dragon oil shareholders and declared the offer its best and final bid. ENOC had previously bid 750 pence per share. Dubai-based ENOC, which owns 54 percent of Dragon Oil, needed acceptance from another 23 percent of the company's shareholders for the takeover to go through. It said it had achieved 29.92 percent shareholder acceptance and intended to delist the firm shortly. "With the level of acceptances now received, we have declared the offer unconditional in all aspects," said ENOC chief executive Saif Al Falasi. The statement included endorsements from the new offer from large minority shareholders Baillie Gifford and Elliott Capital Advisors. "We are now pleased to support the revised offer of 800 pence, which we believe represents an attractive exit price," Baillie Gifford said. (Reporting by William James; Editing by Tom Heneghan)
Why would anyone be buying Dragon Oil shares ? I was thinking with the small amounts invested it must be people who don't know the situation.
I think you can go back 4 years and offset loses against your profit.
MADE A PILLOCK OF MATHS LMAOOO THE 2ND 40K MENTIONED SHOULD BE 50K, AND 30K SHOULD BE 40K. THE REST SHOULD BE OK,
if your profit is greater than £11,100 then yes you will need to declare it. you can do this at the end of the financial year by filliing out a self assessment form. so if your gross income from sale is £50,000 and £10,000 was originally invested. your profit is 40k and from that 40k you can place £10,000 which was the original investment back into your account. leaving 30k of which £11,100 can be removed tax free into your bank account. leaving a net of £28,900 of which you will be taxed according to what your income tax band you fall into. let say basic so 18% £5202 will be removed and you keep the remainder £23,698. Also to add I did read that you can also deduct you losses from other trades for that year.(or previous year) and im not sure but if you can do that then I don't why you cant deduct the yearly admin fees for your account. commission in the shares traded can also be deducted. alternatively become a resident of Dubai for a few months and have your money transferred over to a arab bank and then cash out and back to blighty. (jokes)
You get an allowance of £11,100 against any capital gain, the balance will be liable for tax and you can write to HMRC. I am not sure but think you can wait till the end of the financial year.
When this cheque for the sale to ENOC is received ... what is the deal on capital gains tax??? 1. Is tax taken at source 2. Do i declare it on a self assessment form .. (although i dont self assess at the moment) 3. Say nothing.. Any advice appreciated..
Do you think it could be spread bet companies closing positions they have? I'm not sure how it works with those
Just to enhance my thoughts someone has bought 308661 cost £2.468 millon WHY
Thank you makes sense I posted my shares off last week but that said why are people still BUYING
You need to either sell in the normal way or accept the offer. if you do nothing you will be left with worthless shares as ENOC are going to delist which means the shares will not be tradeable. That said, it may be that if you hold the shares in a nominee account such as with LSE. Idealing Barclays etc they will automatically do this for you but you do need to make sure.
Why are people still buying shares at £7.99 when ECON are offering £8 no profit to be gained am I missing something here
Thanks What happens to people that don't accept the offer, do they just get paid out at price when its completed
Fatboy88. See below from Londonstockexchange.com: Dragon Oil Shareholders who have already validly accepted the Original Offer need take no further action; their acceptances will be treated as acceptances of the Increased Offer. · This announcement will be posted to all Dragon Oil Shareholders, and the Increased Offer will remain open for acceptance until 3.00 p.m. (Dublin time) on 28 August 2015 (or such later time as ENOC may determine). · Dragon Oil Shareholders who have not already done so should complete and return a Form of Acceptance as soon as possible. Completion and return of the Form of Acceptance that accompanied the Offer Document, being the Form of Acceptance for the Original Offer will be treated by ENOC as an acceptance of the Increased Offer.
should be purchased.
having purched 9615 Rights Units ( each Rights Unit comprised two New Ordinary Shares, and one warrant, each warrant entitling the Warrant holder for one ordinary share). If I didn't buy the shares via the warrants at the time, would I still be entitled to ? I paid £384.60 at the time for the 9615 Rights Units.