Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shares i have in a Sipp are now showing as Sedol BWWCHQ2 on the London stock exchange.
Haven't a clue how/if they can be traded?
Assuming we can navigate through the SEC debarcle, No way I’m selling mine for 1p - doesn’t even value business to cash balance on hand. At 1p divi yield is 10% and just because it is private doesn’t make the company worth less, arguably more based on enterprise value. Happy to hold and collect my annual dividend!
I contacted Octagonal by email, via their website. They did not want to buy my shares!!! I think it was totally unfair that we never had the chance to sell our share before they were 'temporarily suspended' and then delisted. The big shareholders don't care about us small investors. They have enough shares to be able to control their investment, however we are the losers!! I have now emailed the 'Financial Ombudsman' to see if we have a case against them. Thought it was worth a try. I will keep you posted.
They are supposed to be setting up some kind of matched bargain facility to allow holders to be able to trade the shares.......
I’m in the same boat but with another brokers all held in ISAs so waiting the broker to send an update.
Also company will look to make some kind of tender offer at some point, I recall seeing a minimum of 1p somewhere recently though not sure I’d want to sell any at that price.
So, as of this morning Halifax have cancelled my shares from my ISA and have said that this will go into my normal share account 'but I won't be able to trade on them'.....
If I want to trade on them apparantley I have to 'remove' them from the account and trade through octagonal direct.
Held these for 4 years and have no idea what I'm supposed to be doing with them now or if they have any material value!
As far as I can see there is no information on their website about what the next steps are or what we do with our shares.
Their contact information is shocking as well, so I've sent them an website email to ask them what happens now.
If I hear anything and it helps i'll post it on here.
The assets will all be seized. This is a (another) bent network of tax avoiders. The FSA* and judiciary need to get off asses and do something. Lenigas was 'front' running this share at 4-5p. It listed at 2p. Then a corrupt plan was immediately instigated by directors and major shareholder to increase ownership above permissable in order to be able to take private later (see previous). At the moment it looks like they are hurrying as fast as possible to utilise other bent networks to put assets out of reach.
* FSA needs to fully understand that capitalism cannot work if investors, shareholders the owners are treated like this. Gaol sentences are needed and ( why me? to point it out) - the purchasing of shares in all small companies/future growth requires an in built automatic built in defense against these type of people.
Post banking crisis, unfair crippling bailout by tax payer against progress, Bankers paying themselves subsequent bonuses, crazy interlinked banking risk taking, it was clear to most that massive changes and more competition ( more banks) were needed. This co could have grown into one but obviously not with this group of directors and major shareholder who made sure the direction was corrupt and self serving . And they are mostly tax avoiding so paid none of the bailout, pay for none of the judiciary/FSA etc, NHS, screw tax paying investors, are secretive, incestuous, and to be honest in action very aggressive to ordinary people
The assets will all be seized. This is a (another) bent network of tax avoiders. The FSA* and judiciary need to get off asses and do something. Lenigas was 'front' running this share at 4-5p. It listed at 2p. Then a corrupt plan was immediately instigated by directors and major shareholder to increase ownership above permissable in order to be able to take private later (see previous). At the moment it looks like they are hurrying as fast as possible to utilise other bent networks to put assets out of reach.
* FSA needs to fully understand that capitalism cannot work if investors, shareholders the owners are treated like this. Gaol sentences are needed and ( why me? to point it out) - the purchasing of shares in all small companies/future growth requires an in built automatic built in defense against these type of people.
Post banking crisis, unfair crippling bailout by tax payer against progress, Bankers paying themselves subsequent bonuses, crazy interlinked banking risk taking, it was clear to most that massive changes and more competition ( more banks) were needed. This co could have grown into one but obviously not with this group of directors and major shareholder who made sure the direction was corrupt and self serving . And they are mostly tax avoiding so paid none of the bailout, pay for none of the judiciary/FSA etc, NHS, screw tax paying investors, are secretive, incestuous, and to be honest in action very aggressive to ordinary people
Prior to the delisting announcement this was in the 2.0 - 2.2 p range
I expect this to be a minimum offer price & let’s not forget the suspension came literally days later which trapped the whole shareholder base
I reiterate I won’t be letting mine go for less than 4p/share - my break even price
As a private company this business will be a massive cash cow with regular dividend payments and I will be more than happy to sit on these indefinitely
Finally recieved dividend into my Sipp.
As for my holdings in Octagonal i fear i'm in for a long wait before we see any offer made.
Suppose they will notify us through the website as to how & what trading platform can be used???
price on halifax sharedealing was showing 1.00 but now showing 0.70 is that gonna be the payout ??? If they do buy back our shares will it be done through sharedealing account ? Never been in this situation before, amazed it`s legal tbh
ooh no they've dropped into a section entitled other
I see my shares have vanished from HL, I assume they will somehow keep in ouch with all us small shareholders, and provide us with some proof of our holdings.
Bit surprised assets have not been frozen incl directors. I expect FSA is not yet up to tackling the 'take it private fraud' which is prevalent and which has a large London network of tax avoiders involved. (SeeURA). The take private bit is difficult because it strikes towards the inequality at heart of financial system . Say for instance Crown estate or Duchy were forced be public and produce proper accounts and pay proper tax. Say for instance where Abramovich and others got the money to take things private. Say for instance how much tax Saudi paying, how much invested in progress rather than return and where they plan to list? (Brexit reason?) . Expect that's why Oct still trading and we relying on Americans to get to bottom of it
Don't worry tiny. SEC and FSA will ensure justice served on this tax avoiding network
Made contact with aj Bell, they haven't as yet received the divi payment from Octagonal but will chase them up.
Sounds about par for the course at the moment.
Hoping the process of the share buyback when they go private go's a bit smoother.
Not holding me breath.
Good luck
Cheers.
Cheers.
so it looks as if us small share holders are stuffed !
I assume they will have to give us something tangible so we can show we have the shares, to be brutal I have them with HL at the moment and trust HL.
Gunn and co, I trust about as far as I could throw them, and who knows how long the suspension will last, although as an unlisted company perhaps such niceties don't apply.
worries me a little that as a private company the could as I've seen before effectively make an offer and once they hoover up 80% or whatever they can force purchase the remaining shares at a silly low price.
With HL, divi only paid to my account on Friday afternoon. Not sure why it was slow, a couple of other recent AIM-co divi's have been paid next day.
Holding these in a sipp.
Will contact aj bell on Monday if divi hasn't appeared.
Cheers.
got mine in lloyds account after 1 day - has previously taken 4-5 days
Nothing at aj bell either
Yours in an isa or a standard share dealing account?
Haven't received divi as yet.
Account aj bell.
Anyone else?
Received my dividend too.
Look forward to hearing the proposed “fair” share buyback price in due course!
At least the dividend has been paid
i offer £1 for the banking licences
The board would like to thank themselves then ...
The Board commented:
"The Board would like to thank Shareholders for their overwhelming support. As previously stated, we intend to implement a matched bargain facility for trading in our shares post our re-registration as a private limited company and we will release more details of that in due course. The Company is optimistic about this new stage and about the new business initiatives that Global Investment Strategy UK Limited's management have already put in place."