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Chased IG again and the message is that both IG their custodian are still chasing the Australian registrar but they hope to get it sorted "very shortly" but still would not give a definite timeframe. I also mentioned that H&L, AJ Bell and others have already issued the shares to which they said they are aware and apologised for the delay and said that when they do receive the share then they will be processed immediately and credited to customers accounts.
Had shares added to my HL account today (showing 11p WOW). Broker advised that registrar is taking longer than anticipated and expected timescale to trade will be 1 - 2 weeks. HL customers will be notified by e-mail if that is how they are set up on their system to receive notifications.
would be good idea to ask the question daily on your brokers twitter page until they get it sorted for you. Mention admitted to trading 4 April 2018.
just phoned IG to get their finger out - finger still stuck - might be early June for stock to be credited
phone IG tell them to get on with it - if they say we are phone them again - you need to be proactive to assist
Really surprised IG are dragging their feet here, very frustrating!
My NWF shares are showing in my HL SIPP now - also showing a tidy profit at11p a share
I'm also with A J Bell. Was a little worried about having my holdings split among my dealing account and ISA but no problems here! Up again last night and on 45k volume, not too shabby. It looks like very few A J Bell holders have sold into the rise thus far but we are awaiting IG, Barclays and others to get hold of their stock. I wouldn't be surprised to see volumes rise when that happens and trading in the 0.18 - 0.2 range for the couple weeks after. Stands to reason some of us will sell into this but maybe I am wrong and this continues higher :)
I�ve just sent another email to IG to hurry them along!
Light at the end of the Barclays tunnel ! I just called them and they have received Newfield stock, they are in the process of allocating them to investors. I am told that they will show up in your account when allocated but will take time. After that, we will all receive correspondence regarding our options, (ie, how to move / trade them). It's a poor show but a start !
I spoke with my broker lloyds and they are still waiting from the registrar to be issued with the shares, so they say. The best I could get out of them was we expect them Soon! At least it�s gone up. GLA
I'm with X-O... not heard a peep!
get right on the phone and tell them you want your stock
AJ Bell Youinvest mate!
good to hear which broker you using?
I have my shares also, the old STEL average isn't available but its 8.39 now
picture the scene the Australian Registrar driving down the street being chased by IG - STOP, STOP!! They will catch up when they run out of fuel lol
This is the exact message I received from IG yesterday: "Thanks for your email. As per the conversation on chat I have checked with our concerned team and can confirm that we are actually working on this, at this moment we will not be able to provide any time frame as we are continuously chasing the Australian registrar and looking forward to complete the process at the earliest." Doesn't really help us but at least we know that they are chasing.
I can confirm youinvest have updated the accounts with NWF
Great news Luke - which broker do you use?
Good news all - I can now see the shares in my pf as NWF - we're in!
Yes, both NWF SP and the exchange rate are working in our favour at the minute. Here�s hoping it�s stays that way whilst we wait! GLA
Frustrating, will continue to pester IG over the coming days then!
the longstop date was the date it had to complete by - we shareholders are stuck based on the speed on the broker
Nope. I contacted IG again yesterday afternoon to be told the same thing as last time being that there has been a delay with the custodian and they are yet to receive the shares. They said they are chasing to try and speed up the process but can't provide a timescale which is slightly frustrating. Is the longstop date of 31st May for shareholders to receive the shares or was it for the takeover itself if there were delays in the process? Good news is that the Newfield shares seem to be recovering nicely, now up to around A$0.20.