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Morning MB,
Yeah, very quiet this week, all we can do is wait patiently for the shares to show up in our accounts. We can then decide sell or hold!
I’ve waited all this time for news from Grove and Co, so I’m inclined to B & I my allocation, and see what comes about. My £8k+ that’s been sitting there for so long, might as well sit a little longer!
Of course everyone will choose their own way, as is their wish, but good luck to all, whichever choice they make.
Presume no one has heard any more news , we are all waiting for our shares to be issued in due course , hope it turns out well for all concerned , especially us long term sufferers
any you to RG
Thanks MB,
Have a good weekend.
Rg
Bed and ISA: You can sell a fund or shares outside of an ISA and then put the money you raise into an ISA. Within the ISA you can repurchase exactly the same assets if you want to. The 30-day rule doesn't count with respect to these ISA purchases.
Rg , more info
You can use investments from your HL Fund and Share Account to open or top up an ISA or SIPP. This is sometimes called a Bed and ISA or Bed and SIPP. You can’t directly move investments into these accounts, they need to be sold and repurchased.
We’re currently working on a new, digital process which will make it easier for you to do this. We aim to make it available in the new tax year.
But for now, you can sell investments in your Fund and Share Account online and then separately move the money to your ISA or SIPP. You can then reinvest the cash.
Rg , reading HL I think Bed and ISa presently it is not available - see below:
Can I put shares I already own into a HL Stocks and Shares ISA?
Yes. If you have shares in a HL Fund and Share Account, you can move them to your HL ISA.
This is called Bed and ISA.
How to move your shares
In your Fund and Share Account, sell the shares that you’d like to move. It will take 2-4 days for the money to be ready after your trade
Move the money to your ISA
Use the money to buy back the shares in your ISA
Standard share dealing charges will apply.
RG , yes it would be nice to think that we had some influence , maybe not , but a nice thought , take care Micky
MB,
No, not CGH, just another share in my account.
Yeah, I wonder if all the enquiries from ourselves forced CGO to make the RNS?
Their registrars must have got fed up of our pestering.
Good luck everyone.
Rg did you try the bed and is a button for cghs?, it won't work because they are not listed, same on my share account, hopefully will be all good when we get contango shares. Read the RNs, things looking good
Great news Lo
Nice on Lo,
Well done, and good luck.
Hello Mickybee , RG33
I got received a message from Neville’s register at morning today:
Good morning,
Thank you for your email. Please find attached the letter to shareholders sent on 10th June 2022. As far as we are aware, certificates in Contango Holdings PLC have not yet been produced and distributed. The correspondence suggests this will be within the coming weeks.
Kind Regards,
Lauren James
Corporate Receptionist & Customer Advisor | Neville Registrars
And then I phone the Neville register today the lady answered me and asked my previous address on my certificate with letters was sent from HSBC at 2016 then she told me my CGH share holding on they system. And told me not need to do anything by myself. So things maybe go to progress.
Thank everyone for helping
As a reminder here are the Significant Shareholders (in Sable Africa Mining, now CGH) as at 10th August 2016, these may be the ones mentioned in the RNS.
So if these guys are still here after all this time, I think we may be on to something good . AIMO of course.
Ashendon Investments Inc: 162,995,000. 14.70 %
Beyond Africa Fund Ltd: 105,008,116. 9.47 %
JP Morgan: 85,522,078 7.72%
Audley Capital: 64,750,994. 5.84%
US Global Investor Funds: 46,188,390. 4.17%
RAB Capital Ltd: 42,000,000. 3.79%
Knighthead Capital M’gnt: 41,331,740. 3.73%
TT International: 41,087,074 3.71%
Henderson Global: 34,651,026. 3.23%
CGO Have issued the following RNS:
Contango Holdings Plc
('Contango' or the 'Company')
CGH "in specie" Distribution
Contango Holdings Plc, the London listed natural resource company developing the Lubu Coking Coal Project in Zimbabwe ('Lubu') and the Garalo-Ntiela Gold Project in Mali ('Garalo-Ntiela'), has been advised by its largest shareholder, Consolidated Growth Holdings Limited ("CGH") that it intends to make an "in specie" distribution of its holding of 98,349,961 shares in the Company (a holding of 31.8%) to its shareholders.
CGH has circa 700 shareholders on its register from the period as a public company. CGH's 20 largest shareholders represent circa 70% of the current CGH shares in issue and will therefore hold 67,999,210 shares in the Company (circa 22% of the current issued share capital of Contango). The Company has consulted with these shareholders, many of whom have already joined the Contango share register through participation in capital raises and via on-market share purchases over the past two years. The Company expects these investors to remain supportive long-term shareholders in the Company.
Physical share certificates will be issued to the registered addresses of all CGH investors over the coming weeks. CGH shareholders will be responsible for notifying the Company in the event that their enlarged Contango shareholding exceeds 3% of the issued share capital of Contango when existing holdings are combined with the subsequent in specie distribution from CGH.
The total number of Contango shares in issue will remain unchanged as a result of this shareholder distribution.
If the link doesn’t work check out the latest CGO rns
Contango HoldingsPLC - CGH “in specie” Distribution #CGO @ContangoHldgplc https://www.**********.co.uk/rns/announcement/f9919a5d-78aa-4a26-8391-5947ebfa7214 #********** undefined
MB
Yeah, all good for that, still got ample ISA allowance left.
Thanks for your time and advice.
Did a dummy run on the HL bed & isa button, this morning, would you believe “it’s not working at the moment “ they better have it repaired before we get out shares. LoL
Rg , don't forget to have some ISA allowance left to accommodate the bed and ISA
RG 30 day rule may not apply , Bed and Isa best option , keep it simple buddy
Thanks MB,
As I said, I hope we can make something out of CGO, to repay our lousy treatment by Groves.
Good luck all.
Sorry Capital gains should be negligible
RG , I will Bed & Isa mine , CGT should be negligible , bearing in mind your buying costs for SAble/CGH shares and the price you sell the CGO shares for
With HL its easy, there will be an icon highlighted next to the stock , just follow the instructions , the only problem is you will end up with less shares due to the offer/bid price , you only pay one transaction fee , Or you do it yourself , take the cash , put it in your ISA and hope the price hasnt gone u. Trouble with that is the 30 day rule
Best option Bed and Isa
Bed and ISA
There are currently no rules against disposing of the investments you hold in your general investment account and acquiring the same investments within a tax-free Stocks and Shares ISA. Many investors adopt this ‘Bed and ISA’ approach at the end of the tax year, disposing of their current investments and reinvesting in the new tax year once their ISA allowance has been renewed. The sale and repurchase could be done on the same day, or in the next financial year, depending on preference and/or the level of your current year ISA allowance remaining.
Good morning all, our patience looks like finally being rewarded, and I’m hoping to make a few bob in CGO
So it’s my turn to ask for advice, what’s the best way to do a B & I , do it myself, or get H&L to do it?
Ain’t done it before, so ideas/suggestions welcome.
Thanks in advance.