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Member Info for flundra

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Member Since: Wed, 1st Apr 2015

Number of Share Chat Posts (all time): 512
Number of Share Chat Posts (last 30 days): 10

Last Posted: Thu 15:40

Post Distribution over the last 30 days

Thu 15:40

The polls are indicating Abe's heading for a two-thirds majority win. Good for the nuclear sector if so
Wed 13:52

Thanks for posting that spinning.

It does seem incredibly unfair that HNL should lose ISA status, in circumstances where it is likely it will re-list. I wonder if HMRC have addressed this issue at all. When AIM stocks became ISAable, I can�t believe HMRC ever intended that they should lose it in these circumstances ie where de-listing is probably temporary and has come about really only because of corporate law and commercial and costs reasons.

I hold a couple of AIM stocks in my ISA, and I guess HNL�s situation highlights one of the risks of this. It may be best to sell up before suspension/de-listing, and hold the cash till it�s re-admitted, then buy back, to know when a suspension/de-listing event is coming!
10 Oct '17

Hi spinningcasino
Does that mean you've lost the ISA wrapper for good for your HNL shares?

Ie (if of course you choose to do so) would you have to put them back into your ISA on HNL re-listing, using any remaining allowance you have this tax year, otherwise wait till the start of the next tax year?
10 Oct '17

I don�t hold HNL in an ISA or SIPP wrapper, but am following the thread here with interest.

I guess this is why the RNS advised taking professional advice on the tax implications!

Is there perhaps a quasi- or limbo status (like an in transit passenger staying airside within an airport) for shares like HNL? Ie, shares which qualify for ISA, get put in one, then lose the qualification on de-listing, but regain qualification on re-listing, such that they don�t lose ISA status until say at least it�s clear whether they�ll re-list? If HNL has lost its ISA status, does that mean it�s effectively been withdrawn from the ISA, such that you�d have to put them back in on re-listing, using (crucially) any remaining or a future year�s entitlement? Generally an ISA allowance is use it or lose it each year, and assets lose ISA status for good on withdrawal. That would be a real bummer.

Any accountants/lawyers/clever person out there know?

SIPPs would have issues too.
6 Oct '17

A result in Suriname might just help re-awaken some interest in neighbouring FG too?

Also, TLW's large debt pile, and increased focus and allocation of resource on its non-North Sea projects (eg Ghana and Suriname), might mean now is a good time to sell more North Sea assets to HNL?
4 Oct '17

Well if we don�t generate a bit more lecky, the lights will go out by themselves!

Bit of a rubbish RNS, but the nuclear sector seems so out of favour still, it�s maybe not so surprising. Actually, I don�t think it�s too bad � just saying that the orders have been �shifted to the right�, deferred rather than disappeared.

Back in the bottom drawer with these.

30 Sep '17

No idea re SP, but front runner for me is a chunky deal with TLW for the DCS assets we know about, and also the UK CMS area assets where TLW are partnered with ENGIE.

The longer the wait to re-list, the bigger the deal perhaps. If it was only the DCS assets, we�d perhaps be re-listed by now.
25 Sep '17

There was big news for TLW this w/e with a ruling in its favour re its TEN asset offshore Ghana. It is now expected to raise production there from 50k bpd to 80k bpd by end 2018.

So might this mean an increased focus by TLW on Ghana, leading to accelerated divestment of its N Sea assets – to HNL?
25 Sep '17

Any sale or t/o could take a number of forms depending on what the acquirer wanted. The interests in Barruecopardo are spread across a number of companies (eg JV co, Saloro, ORM, Oaktree) with some of those companies (eg ORM) also owning other unrelated assets. It could be a bid for the Barruecopardo assets, or otherwise for the companies (with unrelated assets being disposed of later). It would be complicated, and ultimately more complicated than just a sale or t/o by Almonty (or whoever) of the JV co, for paper or otherwise.
18 Sep '17

All seems on course, but it would be nice to see the BoD out there raising the profile more – and to see uptodate broker valuations and reports.
Hopefully we’ll see W prices hold up or improve further, and a strong rise in the SP as we head into commissioning and production next year. I wouldn’t be surprised to see some kind of bid come in for Barruecopardo in the meantime, but a nice uninterrupted run to early production would be just fine. It would also be good to see exploration expedited.

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