Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Thanks Laserdisc. It'll be interesting to see where it heads to offload.
Cheers Laserdisc, glad to see you're still keeping tabs on this for all of us
Due LANCASTER OIL FIELD today
ETA: Jul 10, 15:00 (in 9 hours) ALTERA THULE
This is 1st lift under DCU allocation ie an entitlement for DCU Holders to receive 17.5% of all future Net Revenues earned by the Hurricane Group, from 1 March 2023 until 31 December 2026, including from both the Lancaster Field and from any acquisition made by Prax via Hurricane, capped at a total of 6.48 pence per DCU
Thankyou machin.
Transaction of HUR for non tradeable HUR on acc today .
Sorry that really did make me lol…. Don’t we all wish our Hur shares had finished at £1.75?
You should have received about 6p for each of your Hurricane shares following the acquisition by PRAX. So 1600 shares should have given you about £96 I think? And, of course, you should now have 1600 DCUs as well. I’m not sure were the £2800 valuation is coming from.
Hi everyone, i only have 1600 shares but LSE have calculated a £2800 valuation in my portfolio.
Is this correct . I have tried to find anything related to these valuations on this forum but most of these pages are about DCU's ISA's etc. If you know if this is correct and i assume the shares are gone forever, do LSE pay automatically to your bank account?
Thanks
HL - 7th June
DCU's unfortunaely can't be held in an ISA so will be transfered into your normal trading account in due course
Hmrc rules are also clear that investments held in an Isa are not taxable and earnings made in an Isa do not need to be reported to hmrc on your tax return.
I will therefore allow my Isa managers to determine what my Isa holdings are ( or are not) and if they retain them in my isa’s then I will treat my Isa holdings as per hmrc rules
"and all the lunatics do is throw abuse at me. LOL" - People in glass houses shouldn't throw stones
Maybe this needs printing out and stapling to your forehead.
HL - 18th May
As the DCUs are not listed, they do not automatically meet the criteria to be held within an ISA. However, on occasion, special agreements can be made for certain investments of this nature to remain within the ISA if agreed by HMRC.
Both Hurricane Energy plc and Hargreaves Lansdown have reached out to HMRC to enquire as to whether they would allow the DCUs to remain within an ISA. We will let you know once we have received a response back.
Please be aware that if HMRC do not grant this permission, the DCUs will be classed as an ISA ineligible investment. If this is the case, the DCUs will need to be transferred out of your ISA within 30 days of receipt.
HL - 30th May
If you hold your shares within an ISA, please note that further to our message sent on 18 May 2023, we are still waiting for HMRC to confirm whether the DCUs can be held within an ISA. We will let you know once we have received a response back.
Thanks Kever
The DCU's are tradeable now with JPjenkins on a matched bargain basis,
Current price 1.77p
Do any of you know when the DCUs will become tradeable? And what is your guess/opinion on initial value?
"Currently ISA rules state that DCU's cannot be held in an ISA"
I have said this for 3 months now. DCU's can't be held in an ISA and all the lunatics do is throw abuse at me. LOL
"I am not responsible for how the Isa managers define and classify my holdings"
You're quite correct, however, you are responsible for what you need to inform HMRC about and your tax liability. If you read the terms & conditions for your ISA you will notice within the small print words to that effect. Currently ISA rules state that DCU's cannot be held in an ISA, however, this may change if HMRC allows a special dispensation but currently no such dispensation exists so therefore currently the DCU's are liable for CGT. Personally, I wouldn't worry too much over it as liability doesn't fall due until next year so you have plenty of time to get your tax affairs in order.
FFS
The HMRC have confirmed to many on here that the DCU's can't be held in an ISA
Go back and read the posts you lunatic
Clearly you are incorrect. As I have already stated that I spoke to HMRC and they advised to wait for HL/ HUR(Prax) to confirm when they had received a decision from HMRC.
Just because some providers have made the decision that they cant based on preliminary understanding of the ISA rules (which ignores the fact that HMRC can allow certain instruments in special circumstances) doesn't mean that HMRC have confirmed that they cant. As others have stated my DCU's are still listed in my ISA and until they are moved they will continue to remain in my ISA and all payments related to them will remain in my ISA.
You have repeatedly stated that they cant and you have an email to prove this but until you show proof of this I will maintain that you are full of the proverbial.
"So says Kever, fountain of all knowledge. /sarc"
Clearly you have not been reading all the psots on here over the past few months where lots of investors have been told this info by their ISA providers. The DCU's have been moved into normal trading accounts as they can't be held in an ISA
Certainly Kever is fountain of all "something". Not necessarily knowledge. He, like the rest of us, should wait for the ruling from HMRC - they are the final arbiter. That is probably why ISA providers are leaving the DCU's in ISA accounts.
"Who says??!!!"
So says Kever, fountain of all knowledge. /sarc
"DCU's can't be held in an ISA"
Who says??!!!
As and when that happens,so be it.As of now they are inside the Isa’s
Tomorrow is another day.
The DCU's will be taken out of your ISA soon as they are not allowed to held in an ISA
At the moment my prax dcu’s are held in my Isas
There are 3 ……Lloyd’s…..Barclays…. And II
As long as they remain in the Isa account any payments coming into the Isa acc will be tax free and not declarable on a tax return.
I am not responsible for how the Isa managers define and classify my holdings.
Ofcourse if the Isa managers remove the prax dcu’s from my Isa accounts and move them into a regular trading account,then they lose their tax free status and any payments originating from dcu’s will be taxable and declarable.
That is the postion
dcu's can be held in a sipp. payments are then tax free.
dcu's can't be held in an isa. period
anyone who says different is talking bull****