Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://oberoninvestments.com/trade-aaa-shares/
AAA to buy all Audioboom, the 26.4% are 2 large shareholders who have indicated their approval. One Nine Two PTE Ltd are also a significant shareholder in both AAA and Audioboom.........
https://riverotter.co.uk/2020/11/11/audiobooms-failed-sale-and-singapore-sling/
I got the impression they’re buying the whole thing, just confirming that the 24.6% holders are in favour of the deal?
Another big RNS this morning. Positive discussions with potential offer to Audioboom. I’m assuming it will be to buy the 24.6% shareholding’s it mentioned. I’m getting a feeling that this could be a big animal when we come out the other side
ive got AAA in a SIPP - ive had a automated msg to say the will provide a paper cert for delisted stocks. However they also say "unlisted stocks are not considered a qualifying investment and withdrawals are not permitted"
Any ideas what happens next?
This is the erply I received from HL >If the delisting goes ahead, you can still hold the shares however they will no longer be eligible to be held in an ISA, according to HMRC regulations. We're obligated to remove ineligible shares from HL Stocks & Shares ISAs, so we'll give you the option to transfer the shares to a HL Fund & Share Account if this happens.
At HL, we can't trade on stocks which aren't listed on a recognised stock exchange so, if you hold on to delisted shares, you'll be unable to trade them unless the company relists your shares on another exchange.
You may find the below information on delisted stock useful.
>> Delisted stock
Your shares still exist but can no longer be held in your HL Stocks & Shares ISA.
This is because HMRC regulation states that for a stock to be eligible to be held within an ISA it must be listed on a recognised exchange.
They can be transferred to an HL Fund & Share Account or withdrawn as certificates. You can instruct either of these options by secure message.
If you do nothing they will eventually be moved into your Fund & Share Account, although I can't provide a definitive timescale for this.
I'm afraid that when a stock is de-listed and subsequently removed from your Stocks & Shares ISA you'll lose this portion of your ISA allowance, regardless of when the contribution was made. You won't be able to subscribe cash to replace the value of the shares removed, without it counting against the current year’s ISA allowance at the time the cash is paid into the ISA.
Finally, you can also gift the shares to charity via the HL Foundationto have them removed. Should you wish to do this, please reply to this secure message with your instruction.
Your reply must include a gifting instruction as well as the full title of the shares, number of shares you seek to gift, and which account the shares are held within. You'll also need to confirm you will lose ISA status on the value of the stock you wish to gift.
There's no charge for gifting shares or money to the HL Foundation, and if gifting the stock leaves the balance of your account below £50 your account will be automatically closed.
I hope this has been of assistance. If you have any other questions, please get back to me.
Thanks for that
If you own xxx number of shares currently and do nothing with them then you'll still own xxx number of shares when they re-list.
I don't think there will be long between the de-listing / re-listing and don't need the funds so happy to wait and see how it all shapes up
Just read through the circular and seems this will be an absolute minefield! I understand that my shares will need transferring from my ISA into my dealing account. But do I read it right that if I don’t sell my shares in the company before the cancellation I will lose my investment? If they get accepted on another exchange do my shares automatically get transferred to that exchange ? I am assuming NASDAQ as the tech friendly of the three could be an option or AMEX?
Any thoughts?
My MESH shares have already been moved from my ISA to a tax paying Dealing Account by EQi (Equiniti) .Not sure of the basis of any CGT as I paid £10K to buy 40,000 which were worth £17K on suspension. At the moment showing as worth NIL and suspended.
I am hoping that brokers will provide us with some grace period in order to see the transfer from one exchange to another without ISA holders having to transfer straight into a fund and share account. I am hoping somebody has more information regarding this.
This is a real pain in the rear concerning ISA from what i can make out.
Matched bargain facility is exactly that... you can sell your shares at 80p. From previous facilities this will only be for a limited period and the bargain facility can move down I.e. if more demand to sell then the matched bargain could move from say 80p to 70p where there will be qgain a 'match' should you wish to sell and another buyer wants to buy.
Seems to me that you either get out via the matched bargain facility or you take your chance on it coming back on another exchange (no guarantees). It also looks like the shares will be automatically removed from ISA’s, which isn’t great. All very confusing with lots of unknowns??
So how will this work, presently my shares held with AJ Bell show a value of £0.00, so how will they be valued and traded on this Matched Bargain Facility?
Paul 0410.
Thats a big 'if' m8.
does anyone know when and how to get placing shares in aaa
cant do it from hl
Thanks TheStocker.
I just did some quick math based on the Mesh old deal and meant to write £50mil (not £500).
Although as you quite right point out its the old deal so could be significantly more now (probably still not my £500 lol).
"If all goes through, we take a clear majority share in Sentiance (which is already taking massive strides in its performance). Options for share in this alone running at €650-€750 per share (Mcap circa €500mil)"
@Jraah: Where do you get 500 mil mcap info from?
In the RNS from 4th of March (2020) I read this:
"MESH owns 16,333 ordinary shares in Sentiance equating to 16.8 per cent of Sentiance’s current issued
share capital. The Company is pleased to announce that it has agreed the terms of an option over an
aggregate of 48,337 Sentiance shares and stock options at a price of €650 per Sentiance share. "
16,333 ~= 16.8% which means there are about 97220 shares. Even at €750 per share that's only ~73 mil. That's the old deal of course and other things might have changed in the last year, but I'd be surprised to see a 7x increase since then.
Also noticed this on the info from AJBELL , so now I am confused again.....sorry.
SIPP holders should note that unlisted shares are not SIPP eligible. Unlisted shares will be displayed within your portfolio at cost and will not be revalued except where this is required in relation to their holding within a registered pension scheme, i.e. at benefit crystallisation events, reviews and pension transfers (subject to change). In these circumstances, it may prove difficult to value the unlisted shares and, should this be the case, we reserve the right to commission a valuation and charge your SIPP for it.
There may be a limited market or no market at all in the ineligible shares following the cancellation, and sales may require the use of specialist market makers. We accept no liability for the illiquidity of the unlisted shares and reserve the right to pass on any charges we incur in their sale.
Okay, i think i understand I just have to sit and wait it out. My shards are held with AJ Bell in my SIPP. So I guess they will just sit there until something happen. If they are delisted do I have to do anything or will they automatically get transferred to another market when they list in that market?
Absolutely the opposite!!!!!
If all goes through, we take a clear majority share in Sentiance (which is already taking massive strides in its performance). Options for share in this alone running at €650-€750 per share (Mcap circa €500mil)
We also take about 17% of Aaqua which is potentially going to be the next big thing on the social media stage. Options for shares here are €1000 per share (Mcap circa €750mil).
Also, its believe AAA will list on the Nasdaq which is the prime location for tech companies to operate.
If its goes to plan - you're looking at potential this coming back around $2.
Lots of hurdles to overcome but fingers crossed and you are on that goldmine
If AAQUA doe become the next big social media platform you only have to look at the likes of Facebook to see where this sp could be heading.
On the contrary.
If everything goes through then you're (potentially) sitting on a goldmine
There's nothing you can do at the moment anyway so just need to wait and see how it all shakes out