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From Hargreaves Lansdown 13th May. I already have a find & share account so nothing to do. Anyone should be able to open one easily
Nu-Oil and Gas plc: Delisting
Your holding of xxxx Shares within your Stocks & Shares ISA
What has happened?
The above Company’s shares have been cancelled from trading on the Alternative Investment Market (AIM) with effect from the close of business on 4 May 2021.
Important Information for ISA holders
Under HMRC rules, unlisted shares can’t be held in an ISA. If you hold these shares in an ISA, they must be removed from it.
You can transfer your shares into a Fund & Share Account and continue to hold it in your HL portfolio. If you already have an active Fund & Share Account, you don’t need to do anything – we’ll automatically transfer your holding shortly after Wednesday 2 June 2021. If you don’t currently have an active Fund & Share Account you can open one online at www.hl.co.uk or over the phone on 0117 900 9000.
If you don’t have an active Fund & Share Account open by Wednesday 2 June, we’ll place your shares into an inactive version, which you can then activate by following the same account opening procedure as above.
Should you have any queries relating to the Delisting please contact us here.
Hi l disagree the amount should be £0.00027 not that it makes much difference. But when our new figures show £0.01 it really depends on how much you have in your ISA l don't think the small share price will effect your ISA unless you hold million of the old NUOG shares
That's a good question. The problem is the book cost will be the value today. I guess 0.03 would be accepted by HMRC. You'd have to ask. They have a forum.
I would like to be wrong on this, but unless there is a concession the actual price you paid when buying in your isa is unfortunately utterly irrelevant for cgt.
Thanks for that YingTong. I have a chunk of these in an ISA and I will be glad to get some of my money back but when you say to use the book cost for CGT do I need to do anything or just keep a record of the book cost for future purposes?
kmack, strictly they are not worthless. What they would be with no listing is simply very illiquid and difficult to transact. Obviously price discovery would be difficult.
From experience I can tell you HMRC are unlijelyvtk accept a negligible value claim.
If I had any in an ISA which gave now been booted out I epuld make my book cost for CGT purposes thw the suspension price.
It's a so and so. For CGT ckming out of yhe ISA you have no chargeable loss.
Wish they would bring back the thumbs down I think it is pretty one-sided to just have an approval thumbs up only.
Hi I have had no response from ii as yet. But it does make sense if the announcement/confirmation is not made the shares are worthless until the RTO is announced and the shares are floated on the main LSE.
i think he means 1/3 of a penny not 3p for what its worth.
If this relists at 3p a share you'll see the biggest sell off in the history of AIM, servers will be melting in the racks, with the number of people trying to get their money back in the first 5 minutes IMO,
0.1 pence equates to more than 50% less than when it was suspended which equates to around £500k mcap..
This would never happen in my view
The market would never value guardian at this value
Yesterday RNS was a pretty good indication that this is set to return from the dead. I think most had pretty much written their investment of altogether so any re-list price is 100% more than what it is today. I for one will be grateful just to be able to access much needed funds as and when. Would be delighted if this re-list close to the 1p mark in fact I would be over the moon at 1p, it will all depend on future plans they have already set the ball in motion with Big Phil being the Brand ambassador, so I pretty much think they need to do the formalities first with getting the prospectus tied up dot the I's and cross the T's - its closest they have been but until they regulator approval its not done yet, however it was a pretty good statement to say they are aiming for the back end of June to be trading again so I would think they have assurances that it will get approval from all concerned. So with that in mind and the fact we will have 21 days notice from the announcement to GM that puts us in the region of last week of May first week of June to find out the business they will build.
Its been a long wait for all of us and finally it could be over and a brighter future ahead. But even if this re-list at 0.1 of a penny its still a lot better than where we stand today. Just want all of us to be realistic of the current situation and don't be too disappointed if it doesn't come close to the penny, something is better than nothing as they say (after all we had written this off)
0.01 would be rubbish, need 1p on this dog just break even... great for any punters investing at the end, but awful for anyone who invested in the actual company before all the lies ..
Can but dream LOL. But yes I would be happy with £0.01p p/s as most seem to think.
Personally would be over the moon for it to be 1p a share even 0.5p would be a result after everything!
I posted some basic ideas re valuation.. ranging 30-60 million mcap, but without prospectus seems an impossible task to value. I guess we I’ll find out soon enough..
In regards to shares. Contact your broker. As it stands the share is not yet legally administered to being on the London stock exchange. It may end up being OTC status which is annoying and complicated.
However as the process is ongoing hopefully it will be trading on a platform your broker supports.. as yet though this is not confirmed. They are aware of the situation but cannot yet say the shares will be on main market..
I can’t see it being anywhere near 3p per share
Hi I have sent a secure message to ii for clarification. I'll update when I get a reply.
Here is hoping for £0.03p p/s with very little dilution.
I’m with h&l. I’m invested In COPL ( ISA ) the shares suspended are being delisted and relisted as a new entity. H&L are on top of it, so it should be the same here. From a broker point of view it must be very obvious.. it’s what they do. If it’s coming back to market and trading on an exchange they are a broker for then it should just come back as what we it is then called. However it may come back in regular account if holding in an ISA. I’m actually going to call H&L today to hopefully confirm this here.
Hi I never thought about this. I take it that my shares held with ii will automatically be changed from NUOG to Guardian shares???
Ideas not certainties:
1) They are no new shares. It is simply a renaming of the company.
2) On delist they will be moved out of the ISA wrapper (they should appear in a normal broking account.
3) Whether you do decide to put them back in an ISA (or would be a new subscription current year).
4) If your broker will not act as nominee for an unlisted company (quite possible) then you will likely end up with a paper certificate.
5) There may be an HMRC concession related to delist and relist on a different authorised market (by no means certain but there could be some interesting taxation consequences of not)
6) You need to ask your broker for any certainty.
Great question... i think many of us are in the same situation...hopefully some with more knowledge can answer but as you say i bet its going to be complicated
Quick question, what happens to our shares in our stockbroking accounts with the delisting from AIM and listing to main listing?
For example, i can see my shares in a Barclays ISA. I could do nothing with them being suspended. It now says "delisting" next to it.
Will there be an automatic swap to Guardian shares? Will NUOG disappear and Guardian shares appear? (I assume outside the ISA wrapper?). Will we have to follow a process to get our Guardian shares visible online to buy/sell?
I really want to avoid Barclays sending my a physical certificate and then having to convert / add the shares back in to an online stockbroker from a physical certificate, if that makes sense?
One would hope it would convert online somehow, but i wouldn't be surprised if it was more complicated. There must be some mechanism where shares can be converted from NUOG to Guardian without a whole ton of effort for everyone? (Ideally before the new listing, or on the day, not weeks after it goes live. Wouldn't want to miss out on any of the action!).
Any ideas guys? Thanks!