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Now the dust has settled anyone that took their Taks is today sitting pretty. I sadly lament the passing of the best trading share of 2018.
Cancelled the bridge loan. Does this effect the takeover?
Have I missed something. Why the large spread.
Ridiculous. Would have stopped alot of people out!
Sorry, 2018 !
Super. Incidentally there was an informative 4-page feature on Withholding Tax, "A Taxing Chore" in The Investor's Chronicle dated 26 October 2019. However, still leaves a few questions.............
Lud hi, i was surprised today when i discovered that i could not transact my shp shares online and my broker said i could do it on the telephone as they have put a bloc on it due to the corporaqte action and told me the last date to transact is 2d jan not the 5th because the record date is 4th jan and they can't change it. However tyey also told me that i should be able to hold my takeda shares if I wanted which would be in dollars on the nasdaq exchchange and no mention of any resrtrictions with regard to ISA-comments welcome!
Superdad, According to the rules you should be able to hold Takeda within an ISA but the horrible new Barclays Smartinvestor is not allowing it, they are stating that Takeda is not eligible to be held in an ISA but I think they are lying, I also have a problem with Iberdrola which Barclays do not want to deal with as they are Spanish , I hold them from the days when they were a UK company but they will only offer to sell them, they have dumbed down the service. I suspect a few other providers allow buy and sells on non UK shares but Barclays are offering a very poor service . I see that HL state that Takeda can be held within an ISA, My only reason for staying with Barclays for the time being is that I mainly trade shares regularly, the objective being to try and buy and sell the same shares on a daily basis or at least once a week, this game for me on SHP is sadly coming to an end.
Hi, does anyone know for certain if the Takeda shares will be able to be held in an ISA, as my Shire holding currently is in my ISA. I have tried to read through the 100’s of pages of takeover paperwork but can’t find a reference to it. Thanks
The last few days would have been scary had I taken out a larger long CFD , at one stage it was showing a 50% loss but now on a modest profit ( at least enough for a turkey) but I will hold on for £46.80 as I need a bonus of mince pies and a bottle of whiskey. Please don't takeda any notice of me as I am an out and out gambler. For the few remaining SHP I have in my ISA I am hopeing for £47 but not really too concerned if I end up with cash and a few takedas outside the isa, looking at the depressed state of the overall market today I would take a punt on them at least going to 5500 yen within 12 months.
Para, yes I seem to always be signing a W8-BEN. I think it is every two years for the stocks, but I also have to complete them for my US Bank account and US property!! Fortunately they are one of the simpler US forms! With regard to charges, I am with Lloyd’s stockbrokers and I am ashamed to say I don’t know if there are hidden charges in the FX rates, I have never checked! I am just pleased that they do allow foreign stocks to be held on their platform! Good luck with your investigations.
Thanks for the suggestion Super. I have accounts (ISA & Share Dealing) with two of the lowest cost platforms and they both have a 1.5% Fx charge. My Canadian dollar dividends are quite large and the existing bank charges would actually be lower. Is there a UK platform which truly has no charges associated with foreign holdings/dividends? There is also the question of regular W8-BEN submissions to qualify for the withholding tax exemptions.
Para, best way round it is to have your shares held in a nominee account, then all the divs are converted and paid to your cash account with the nominee in sterling, no charges whatsoever. I have a few US stocks and it isn’t a problem at all and no extra charges. Regards
thaqn you lud- i have not sold disappointed with the sp action today- has the rns about shares being moved to an uncleared index or something like that anything with todays' retrace-no idea what it means? will wait for a better price I hope!
I have been very wary about ending up with Takeda shares and was 'relieved' to sell my entire Shire holding.
I have a Canadian share holding, originally in BRASCAN, which has now developed into at least four separate Brookfield company holdings with dividends paid in Canadian dollars. Check what your bank charges to handle and convert foreign dividend cheques or other forms of inpayments. At least I can hold a dialogue in English with Brookfield Registrars - some holdings have DRIPS open to foreign investors, others do not. Things would be fine if it were not for the high bank charges - anyone found a workable way round this?
I hold some Shire shares within an ISA - held on my behalf by Iteractive Investor. who will NOT be listing TAKEDA Shares after the sale. Advice would be much appreciated.
Lud, totally agree. Today seems to be in reaction to fridays late RNS about the delisting and the selling by institutions as a result. Personally I would now hold and take the value of the bid, part cash and part shares. Takeda shares seem bombed out and will hopefully recover over the medium term to give a nice profit. GLA, I am looking forward to my first direct Japanese share holding!
ali1947fish, I hope you sold at £46.80 before todays pull back? If not I am betting there will be another chance to sell at around the £47 level or even higher before 8 January , I would not want to sell my few remaining SHP at the £45.31 I am being quoted. Barclays are not even listing SHP anymore when I try to buy, they seem to be just offering to sell, but its still possible to go long or short via CFD or options. At £45.30 I am tempted to go for a small punt long using a CFD to close at £46.80.
the sp is up today-luddite do you think it is worth waiting for a bit to see if one cen get a better price when selling?
..... on the other hand what the hell is going on at Barclays, as of today they will not allow purchases only sells, anyone know why ? Other brokers like IG etc are continuing to allow buy and sell.
.......on the other hand as a trader I will be looking for a dead cat bounce opportunity, there were quite a few to choose from yesterday.
Takeda tanked by 5.3% towards the end of the Japanese trading day, I am expecting a similar markdown when SHP opens this morning, on the plus side if there is one its that we will have a new trading range to work in which should give increased volatility. I must admit I did not see yesterdays Takeda gap down coming even though the overall market was having a down day. The,market sentiment is now focussing on the deal and its financing rather than the various country and shareholder approvals, Takeda are offering 25% less than the failed Abvie offer, the directors of SHP do not have shareholder value very much in mind.
FYI, I make the value of the takeover worth £48.40 at the moment, with Takeda shares at 4240, yen exchange rate 144 and US$ rate 1.28. This compares to the current Shire share price of £46.94, which is now only about 3% below the full offer
ali fish , there is no need to worry about getting stuck with Takeda , you have the option to sell right up to the deadline in January, I sold this morning again but now kicking myself as I could have done better but even though the arbitrage margin has narrowed right down there is still a percent or two to be made so if the price gets down below £46.40 I will be back in for the last squeeze of the lemon. Its all now down to the Takeda share price and yen/$/£ exchange rate movements. Takeda is on its bottom so any sign of a santa rally or improvement in sentiment to Takeda could give another turn, on the other hand if Takeda drops at the rate it has been since 27 Sept it could mean todays price is the best, its all just a gamble as far as I am concerned. I am a little sceptical of TA but look at the chart back since 2012, could be its due another upturn ?
Ali, the vote by the Takeda shareholders to pass the deal is the 5th Dec (ie early hours tomorrow). As long as that goes through I believe the deal will complete around the 8th January. The dates and details can all be found online