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Hi Everyone,
My shares are with Barclays, has anyone had an issue transferring their shares across to interactive investors? I am having real trouble, and it is becoming stressful.
Thanks in advance
Valeura now my sixth ever 10 bagger, been a near 3 year hiatus (04/01/21) for these in my accounts, very much welcome in present market, thats for sure. Sold minor percentage of holding today at 4.1CAD to lock in some actualised gains but like the way its looking and don't hold much other oil and gas - with crcl next largest related holding so sticking around to see if they look like getting up towards that 100k per day sometime next couple of yrs.
Stuck the proceeds into omi.tsxv at 0.045 (for my ref)
AIMO ATB
This has been my best share this last year but jarvis want 350 quid to transfer it to canada! Is that right? Bespoke quote. Feels like ransom.
I have these with II and can trade no problem, might have to complete an overseas trading form or something from memory but after that oll ok. Although no plans on selling ??
I won't know until I try, but I asked HL at the time whether I could transfer the shares over to them and they said they couldn't accommodate the transfer which is why I tried II at an earlier poster's suggestion. Also, I don't seem to be getting any definitive opinion on Canadian Tax liabilities on profits as a UK resident. Could be 25%, could be 15% or could be nothing depending on what you read. With II's tax person but no feedback after a few days, like I am the first UK resident to have traded Canadian shares ?!?
Are you absolutely sure II will still allow you to trade them? I have mine with HL and they transferred them to the Canadian equivalent VLE quite soon after they first suspended VLU but I still cant actually trade them I just still own them and can view in portfolio....they say there are no market makers that they use who will handle ..so still in limbo. Which is frustrating seeing as on a good run especially in last couple of days.
No breakdown of the time for each stage I am afraid, I just got notified when they were added to my account.
I'm in the middle of transfering to ii from both IG and Barclays. I think IG is almost there but Barclays are slow. Do you know yet how long it takes fot ii to transfer the LSE stock to TSX
Thanks.
Finally got the shares into the Interactive Investor account I opened just so I could sell them when the price is right. Seems as if Halifax were dragging there feet, took just under 3 months in the end from start to finish. So don't leave this to the last minute if you want to be able to sell these on TSX.
Great. Keep us posted as to how you get on. may consider moving my Barclays ones who also don't seem to know what to do.
I have opened an account with Interactive Investor and they are in the process of moving the shares over. Would probably be worth trying them as I didn't have much luck anywhere else. They would then guide you through the process with what you need to do / provide etc.
Hi Everyone,
Has anyone transferred their holding to a Canadian broker? If so how do I do it?
Kindest Regards.
Daniel
OK have just opened an account with II, and their estimate to transfer these over is 7 weeks in case anyone else is thinking of doing the same. Though whether it turns out to be as (relatively) straightforward as that remains to be seen as all online, and I had to select VLE and not the delisted VLU ticker. Time will tell I guess....
What are the implications if we don’t transfer the shares. I also hold share through Halifax and u fortunately being outside of UK, can’t open an account with any other brokers at the moment.
Thanks, will contact them to make sure they can do it. So much volatility on VLE TSX at the moment you could make a fortune!! 20-30+ cent ranges some days.....
Try ii – they show the Toronto listing and have a ‘Trade’ option on their page for the company:
https://www.ii.co.uk/shares/valeura-energy-inc/TSE:VLE
Has anyone actually bothered / tried this? Halifax who are my UK broker don't offer the facility to do this, and nor apparently to Hargreaves Lansdowne, so looks like I need to find a broker who can accept the UK shares from Halifax, and then do whatever they need to do to be able to buy / sell on TSX. Can't imagine VLU will be relisted on LSE anytime soon otherwise I might just hold out to avoid the aggravation.....
https://mobile.twitter.com/ValeuraEnergy/status/1600155429354737665
...thing pretty big happened, sounds good so far, cf ~30m usd /month just mentioned on now live webinar.
Divs mentioned if closed and goes according to plan decommisioning needs big funding tho at some point.
Interesting anyhow
AIMO ATB
Announcement on 15th June
UK Listing Update
The Acquisition constitutes a reverse takeover for the purposes of the Listing Rules of the Financial Conduct Authority (“FCA”) and the Company has requested, in accordance with the Listing Rules, that the listing of the Company’s common shares (the “Shares”) on the standard segment of the Official List and trading in the Shares on the London Stock Exchange’s main market for listed securities should be cancelled with effect from 8:00 a.m. UK time on or about July 14, 2022.
The Company’s management continues to believe a listing on a London stock exchange will support Valeura’s long-term strategy and can provide greater access to international investors. Valeura intends to continue to evaluate the merits of re-listing in London and will update shareholders in due course.
Meanwhile, interests in the Shares purchased on the London Stock Exchange are fully fungible and can be transferred from the UK depositary to the Canadian depositary to be traded on the Toronto Stock Exchange, where the Shares continue to trade as usual. Shareholders interested in transferring their Shares should contact their broker or nominee to coordinate such a transaction with the Company’s registrar.
New asset looks strong - nice with the upgrade. Hope they get production online this year - and I wonder what that will do to the SP. I'm guessing x2 or maybe x3 from here. 1.5 CAD +/-
First time I have had shares suspended so forgive my ignorance... Do I need to do anything if I want to keep the shares and how long until these shares are unsuspended and free to trade on LSE approx.
Looks good and that turkey asset is huge if successful. Not sure why suspended or why not much more fervour on the boards.
Strong cash position, know what they are doing, gas outlook great. Assets ready to produce in Thailand from distressed seller.
Guessing it is probably because somebody transferred them to Toronto Exchange..
"Effect on London and Toronto listings
Following consultation with the Financial Conduct Authority (“FCA”), the Company has been advised that the Acquisition, should it close, will constitute a reverse takeover for the purposes of the Listing Rules of the FCA. Therefore, the Company was required to request a suspension of the listing of its common shares (“Common Shares”) on the ?standard segment of the Official List and trading in its Common Shares on the Main Market of the London Stock Exchange has been suspended as of today.?
The Common Shares will continue to trade as normal on the Toronto Stock Exchange. Interests in the Company’s shares purchased on the London Stock Exchange are fully fungible and can be transferred from the UK depositary to the Canadian depositary to be traded on the Toronto Stock Exchange. Shareholders interested in transferring their shares should contact their broker or nominee to coordinate such a transaction with the Company’s registrar."
To who ever got the trade today in a suspended share.
Who is your broker?
Pumped for the restart.