Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I have never owned a share that's paid out a dividend so I am happy to hold my hands up here and thank other posters who have provided reassurance.
However , not for the first time AMCs own RNS release have confused matters
Gazz. Your quite right about the management not wanting to list. Listing provides access to capital. And further that you may have missed earlier, not just access for further capital but a chance to keep the gravy train running. Surely though their needs to be wage cuts, resignations etc. Its going to be a tiny company so wages should be pegged to similar. Maybe better for all they delist and return the remaining capital?
Good point. Just checked HL auto reinvestment rules as cannot select on individual share basis. Fortunately it's set to maximum £1000. Phew!
Like Gazzleberry suggests it could be very good to hold on to the residual shares. There is far more value doing so than selling out now at this price. Take the 1.8pence and keep the remaining shares for further value.
Wakey
If there is no reverse take-over and offer made for the rump of the company which is a cash shell and listing, there will be a 2d dividend. The whole purpose of a reverse take-over is that it remains listed. So by AIM rules, it has to do a reverse take-over or delist. If it delists it returns the cash remaining in a 2nd dividend. Gazzleberry says it cannot see the company delisting. Yet it will delist if a reverse take-over does not appear. Any cash remaining will be returned. It could be anywhere depending on how much has been spent, 0.3 - 0.4 pence. A listing will add some value to a purchaser. Yes someone will want to make an offer for the company as it is an easy entry into a listing. That entry will allow any future purchaser access for capital. We could have company that enters into a new direction or get more cash back. Total value is 2.2 pence to 2.4 pence n
The last two days conversation clearly shows most holders of AMC don't normally hold shares that pay dividends!
The RNS was as usual for AMC 'clear as mud' Loads of un necessary info and no clarity on whether the payment being a capital return. All very begrudging I guess as Robbing can see his gravy train pulling out of the station without him!
As far as getting paid goes, it's simple, unless you hold a paper certificate you don't need to do anything.
Any one using T212 here is the reply I've just received.
Thank you for the email!
We are aware of the event and will process it accordingly.
Below you can find the event data we have.
Once our intermediary processes the event, we will do so as well. In-app notifications will be sent also.
... we should all have something paid out
I have just spoken to HSBC and they also had no idea but will come back to me?
ShadowLess,
Good point and thank you
Just spoke to Halifax on the share chat but they had no idea what I was asking about although one would hope there is a department that receives and acts on RNS statements.
Astar
just make sure you have unticked the 'reinvest dividend ' tick box!!!!
I’ve no idea whether or not the company will be delisted, but if it doesn’t do a RTO within a certain timeframe (6months from becoming a cash shell) then it will be under AIM rules. Tbh I was in this for the special dividend and anything else is a bonus although I sympathise withLTIs who have taken a hammering holding this share prior to 24/2/2022.
Thanks, do you think the company will be delisted?
I’m expecting my broker (AJ Bell) to sort it. If the dividend hasn’t landed in my account by 15 June I’ll chase them. As a shareholder you have beneficial ownership but the legally registered owner (in the capacity as your nominee) is your broker and it is them that Amur will deal with and it is your broker that had to deal with any requirements to secure your dividend.
Do tje ordinary shareholders keeping shares on their nominee account need to do anything?
Thanks again Ilovesushi
Astar.
On the register Halifax is holding your shares as a Nominee. So AMC brokers will pay them. Then sit back do nothing and see Halifax credit your account. Its easy for brokers to pay a nominee in one go rather than hundreds whose addresses may have changed, or be dead etc. Leave the work for Halifax. There is nothing for you to do.
Many thanks Ilovesushi
Astar:
"As a UK resident and with Halifax share account. I have both ISA and normal share dealing accounts, do I need to register with 'signal shares' to receive my payments".
No.
I said I was watching with interest - I did not say I wanted to buy - far from it!
It is just that the rawfishloving ramper really irritates me - so lets see hat happens with his prediction.
.... a UK resident and with Halifax share account. I have both ISA and normal share dealing accounts, do I need to register with 'signal shares' to receive my payments?
Any guidance is greatly appreciated
With regards Cineworld it's possible that there has been some confusion with Companies:
https://www.reuters.com/markets/deals/theater-chain-amc-says-no-longer-talks-acquire-cineworld-2022-12-21/
You can't even get 1.8p to sell and just look at all those offers on the ask. Looks like SP is stuck in the mud!
Methinks the next 'vision' will unveil within the next 3 weeks.