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Now I'm out with a small but welcome profit I'd just like to ask London153 a question.
You've just seen the 82% majority shareholder destroy the investment of the other 18%. Once the company delists it will no longer be domiciled in the UK and enjoy whatever small protection that affords the investors. You will have shares in a company where the biggest holder, in total control, has already demonstrated contempt for his fellow investors.
Do you really expect to receive a dividend? Or even to see your money back?
All gone pretty quiet here now it seems, best of luck to those that decide to hold after tomorrow. Unfortunately the board will disappear when the delisting occurs so hopefully folks find another way to keep in touch, would be fascinating to know how this plays out, sold at a small loss here I don't mind admitting.
Looks like we will be near £1 tomorrow if not higher
Interesting price action, also an almighty sale of £522K (value), I wonder if the increase on bid is the result of buyers wanting in before delist (it certainly can't be because of a huge sell!)
Thanks Stew for sharing that! It's great to hear that, it's my expectation for IBPO to grow and keep giving dividends. I bought the shares on Trading 212 app. What happens when dividend is due? Do I get it through JP Jenkins?
And in case I leave the dividend and didn't withdraw, will IBPO keep adding up for me and put it towards more shares in the business?
Sorry for asking lots of question. I am new to trading let alone delisting. Your answers are valuable and highly appreciated.
So is everyone out that wants to be out or are you holding through the delisting ? I'm out currently but I must admit it's tempting to put my profit back in here for a free ride as I can't help thinking there may be long term value, really don't know
I asked a few brokers that question today and given there is no change to business performance (I.e they are still growing fast) there is no reason to expect they won’t pay the dividend. JP Jenkins trades with a few other delisted companies with special facilities like announced today for IBPO and confirmed it is very easy to buy and sell and even get fills. Just set your limits for the day. They also give price updates as well(ie last trade prices)
Hi TheTrotsky,
Thank you so much for your thorough response. I trade using 212 Trading, I am not sure they are a proper broker.
Kind regards
Mazen
Hi London123,
There is no guarantee that IBPO will continue to pay dividends and, even if it does, IBPO could, in theory, change the share structure after it de-lists so that, for example, Aggawal had "A" shares and everybody else had "B" shares. Not only could IBPO potentially change the rights to capital returns on sale but it could also re-direct any dividends to just, say, the "A" shareholders. Such changes would, in principle, require a GM to to be called but the changes would, at most, only need a 75% majority to be affected and Aggawal already controls >80%. I'm not saying that these changes are going to happen but they could happen and it would all be perfectly legal once IBPO de-lists because the minority shareholders would no longer have the normal protections affored by the listing rules and/or the Takeover Code (both of which IBPO has confirmed in the initial RNS would cease to apply).
That aside, if dividends were to continue to be paid to all the shareholders, the question then becomes of how that might be affected. Dividends are normally collected and applied to your account by your broker and today's RNS suggests that you will still be able manage buys and/or sells on the Matched Bargain Facility via your broker. So, presumably, your broker will still be able to process any sale proceeds to your account after IBPO de-lists by arrangement with the MBF provider, JP Jenkins, BUT today's RNS does not say whether, in the event that there are dividend payments, the JPJ will also manage those payments on behalf IBPO.
In managing the MBF, JPJ is only acting as a de-facto intermediary for the movement of funds between one shareholder and another, and today's RNS does not even mention whether JPJ will make any additional charge, over and above your normal broker's charges, for the provision of the MBF but that may have been covered off in a previous RNS (IBPO might be paying for the MBF).
Bottom line, I would ask your broker before IBPO de-lists what would happen in the event of a future dividend payment because if JPJ doesn't manage the payment on behalf of IBPO then the broker would need to be able to deal with both JPJ and IBPO directly (the former for settlement of any disposals and the latter for payment of any dividends).
Based on today's RNS it would be my understanding that any existing shares would continue to be held by your broker's nominee and, as such, as safe as they are currently are. I would assume that any new shares acuired after the de-listing would also be held by your broker's nominee but, again, I would confirm this with your broker before IBPO de-lists.
Just my thoughts, but hope that helps.
PS. Don't forget that if your existing shares are currently held in an ISA they cannot be held in an ISA once IBPO de-lists and will need to be transferred into a dealing account. Some brokers will facilitate such a transfer on request, others may not.
It’s also very easy to trade as well just ring your broker and give your limit level
Of course but at this valuation they are keeping the dividend and given the growth and valuation there will be buyers.
It is a matched buy/sell facility :there has to be buyers to sell :who wants to purchase shares in a delisted company?
You can trade easy with JP Jenkins and don’t even have to transfer most brokers you can buy and sell !! This will rocket when delisted and come under huge demand
Hi everyone, I am new to trading and stumbled upon this which seems like a decent opportunity. However, I am not sure how delisting works. I understand that I will be kept in the dark after the delist, but I don't mind as long as my money is working for me. Especially that they great track record and promising growth forecast.
My only concern are:
1- Are they gonna keep giving dividends?
2- How save is money with them in terms of protecting my ownership of shares?
I hope someone could help and shed light on these questions. I would be very grateful.
Fab looking good for this afternoon tick up.
Looks like bid just stacked it, today's gains gone for now
Feel free to check and refute the "synopsis" in my previous message; if any of the details are materially incorrect I apologise aforetime (I don't apologise for any poetic licence).
It's not my intention to mislead and the company can certainly volunteer to circulate news and annual accounts regardless of the Guernsey registry requirements but, without any stated commitment to that effect, there is no legal obligation on the company to do so, beyond what is set out in its Articles.
Feel free to step into the Black Hole at your own peril.
I've had a couple of UK-based companies de-list in the past and haven't heard a dicky bird since although I have, at least, been able to check their public filings at Companies House (they didn't make pleasant reading).
GLA
The Self-Appointed (TinPot) Sheriff ;-)
No, basically it is really de-listing.
A Matched Bargain Facility is totally different to a listing. There are no market makers. They are much maligned and I freely admit that I have no particular love for MMs (essentially MMs generally sc*ew you; the deck is always stacked in their favour) BUT if you want to sell (or indeed buy) the MMs will always generally offer you a price under normal market conditions (you might not like the price you are quoted but you get a price - you might have to discount the price to shift the volume but, for any given volume, MMs will generally offer a price).
MBF, on the other hand, has no MMs. You can offer to buy or sell at a price of your choosing BUT if nobody is buying (or selling) at that price (or any price) you have no deal; you are wholly reliant on a "mug" having a contrarian view to your own. I'm not being derogatory by referring to your counter party as a "mug". Essentially, what I'm saying, is that if you're looking to sell you need to find someone who, from your perspective, doesn't think the company is going "down the tubes" and has "further to rise". Likewise, if your looking to buy you need to find someone who, from your perspective, does think the company is going "down the tubes" and has "further to fall". Regardless, from your perspective, your counter party is a "mug". MMs by comparison are ambivalent and will generally have another buyer/seller in view (they have full sight of the book before they transact); they don't tend to hold long term and are risk averse.
There might be some "action" on the MBF after the shares initially de-list but after that there will be a total news vacuum (think of tumbleweed blowing through an empty, derelict town) which will make any decisions on whether to buy or sell virtually impossible.
Re-check the original RNS. Unlike UK listing rules which require companies to keep investors notified of any transactions that might materially affect the price of your shares, the company gives no commitment to keep shareholders notified of any transactions, trading updates or otherwise, other than those legally required by its Articles e.g. shareholder meetings. Also, there is no public filing requirement in respect of accounts in Guernsey; the company is not required to lodge accounts with the Guernsey registry for public viewing (check the Guernsey registry FAQ). Guernsey-based companies are required to lodge an annual validation report, which is I believe is available for public view on payment of a fee, but the information included therein is very basic and does not appear to provide any trading information. Other than the Guernsey registry filing requirements, there is no legal obligation for the company to circulate annual accounts its shareholders unless it's stipulated in its Articles.
My advice is get rid of before it gets on JP Jenkins as this is a bit of a graveyard - though this must be one of the biggest Co's on JPJ
FAB worth a look today has good chance of a good move up
I've bought in here at 34p and then because of share dealing delays and ended up topped up at a overall average price of 40p 20000 shares in total.
I didn't know what these shares will do before delisting ,through there's already a clear excellent profit ,
My thinking is that I'm owning a share that's worth more than 10 Times what I bought them for, and backed up by the obvious excellent growing earnings that's coming in, and with a very possible very large dividend payout history.
From here the dividend is the key to staying in here, with the fallback being it's biggest shareholder will sell the company or buy it all out for himself at the market average buyout price, it's biggest shareholder will have to ask a ordinary respectable bank to determine a fair price for the shares and buy the shares accordingly at that determined price, now that could easily be £3.50p or over £5 or more according to past online articles and reports, so it's seems to me a good gamble on the sum of the parts and risk, also the strong possibility of getting all your money back or even 10 Times your Moneyback so I'm staying in to see what happens here. Excellent opportunity in my estimation.
Please DYOR, never buy or sell on anyone's positive or negative forum post. GLA
Now realistically £2 minimum... ( imo)
I agree with you Mikey279 that we are just about to see some massive buying start this afternoon, and Monday / Tuesday could be fun!
Mags is back to render the board a mess of nonstop ramping, excellent
Hence why I was saying load up 30-50p and hold.holding these now for good. different kind of investment
have a nice day.