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Amongst other brokers, I use Saxobank and luckily all my Talv shares were transferred a month or so ago to them. They trade in almost all markets in the world. Charges in the following link: http://www.saxobank.com/prices/stocks/commissions Reason why they are not my only brokers is the fact that they only deal in the shares listed on their website (of which Talv on Helsinki is one): http://www.saxobank.com/prices/stocks/stocks-available Quite a comprehensive list and they have in the past added the stocks I wanted to the list upon request. Bit of a hassle in phone calls, e-mails, etc. They are a lot cheaper than HL as well but don't credit the transfer out fees unfortunately (one thing to watch out for is the inactivity fees of 100 USD)! I hope folks who are transferring to different brokers to stay in Talv will soon see the profits, but don't blame investors who have left. We've all got different investment strategies and goals. GL
They said if it announces it de lists uk shares can't be transferred to them , they would just sit at what ever price it is , best thing to do is call them they have a help desk and it's free even if your not a customer , I've moved mine over just incase and they are crediting me the fee halifax are charging 25 quid
Thanks Mike but what does that mean, will they still allow us to trade with the shares that have been transferred across? could we buy in Helsinki via HL?
Just on the phone to Hargreaves landsdown They trade on the Helsinki market but they said once they announce the de list official then they won't except any shares transferred in
I'm looking into Keytrade Bank Luxembourg.
Ok so my broker does support shares on Helsinki market , any ideas of brokers that do ? , they say it takes 6 weeks
I think that many people have no intention of following this to the Helsinki exchange; if they don't sell their shares before the delisting, they will automatically own shares that can only be traded through a broker that deals with the OMXH, which is not a general offering of most brokerages. The only thing left to discuss for those people is when to sell before the delisting - no long-term thoughts. Personally, I have been thinking about opening an account with a different brokerage for some time, so I am looking into a place that gives me access to the Scandinavian markets (not just OMXH).
Where's every one gone ?
quick post guys...just been away and have upto my eye balls...please don't panick. the only affect will be difference in Forex and the additional currency conversion charges by your brokers...some brokers might not deal on Hels ex. In that case you might want to transfer to another broker for usually a sum of £25... My advice would be don't go selling just now...still a risky share with a lot of positives to come out. There won't be many local traders (mainly index traders, which I don't think are many) I understand, but more than 75% shares are not held in LSE anyways... Just saying it cos I think, we all could walk out with some profit (if the sp doubles, trebles in price) despite the additional charges we might incur...I'll get back over next couple of days with my reasoning behind my arguments.. If the all the above admn is too much hassle or you think the drop in sp over next week or so is too much for you guys then fair enough. GL
Mr. XXX The de-listing will not force you to sell/trade your TALV-shares. The only effect will basically be that the share that you own will be NASDAQ OMX Helsinki listed shares not London Stock Exchange listed shares i.e. you will need to trade your shares via the Helsinki Stock Exchange and your ownership will remain as is. Hope this clarifies. Have a good day Best Regards, Timo Laatio Market Analyst Talvivaara Mining Company Plc.
Corbine? What's your take on it Are the shares gonna transfer to Helsinki
maybe on the water drainage-success?
Is today a rns day ?
im sorry for the knee jerk rant of my first post i guess the pound v the euro affects the price on the lse anyway, having slept on it this may not be a bad as fist thought the stock cant tank as most of the stock is traded in helsinki . it may be an inconveience to our holdings with regards to trading it check with your broker . but if a findland bailout was given due to delisting the lse .and most of the stock is held by pension funds in finland, it could actualy rally over the next few weeks gla.
the chief financial officer said on reuters that london shareholders would be largely unafected,i think this means shares will transfer to helsinki and be priced in euros.not something i ve come across before so may be wrong
So I'm still confused , people buy shares hoping they will go up so .... If a share only goes up when buys happen then why would people buy a share that in 2 months has no chance of going up Or can they still rise ? Will they be transferred ?
Thanks for the feedback but we now have two conflicting views as to what will happen. Your view and that of Copout who posted earlier. Surely we should be able to determine with certainty what the correct position is from TALV directly. You may be right on the Finnish Govt funding point you suggested in your subsequent post.
i bet the finnish government have offered them a tax payer funded loan but it would only be palitable if it was a helsinki listed only company so the electerate dont kick off so sod it im holding as it will quadruple in price even if it is in euro,s.
how can investors on the lse in stirling be unaffected idot,s when delisted you still own the sames share holding as you do now but if you wish to sell or buy it will be on the helsinki se an apt name for finland hell and sinky and in euro,s so if the pound strenghens you lose if it weakens you win and ive no idea what extra charges for trades will be doh.
I've just emailed Talvivaara to understand 'exactly' what this means for UK investors. Will share the response if I get one back.
I can't see why people would sell now. Makes sense to stick to the plan of holding until at least the first quarter results are released this month!! We made it through the 2013 results without damage. The hard bit is done!
1st post on this board long time holder of talv shares and this potential twist of events is the final straw ! Wish I'd sold at 11p when. I had the chance ! Iv switched my holding in to wafm.l this is backed by jim mellon master investor ! And with fees you can just about buy like for like shares at the moment. Not advice just my thoughts !
so is that 100% right ? do the shares on that date just get paid back to us at what ever cost it is ? do we defo not get Helsinki shares ? also this news seems massive and people selling why hasn't it tanked ?
id rather they stayed listed on lse- although i appreciate they have a home listing and decent liquidity with that listing- i appreciate there are 2 separate lists of accounts to run and other expensive on costs when dual listing, but id still keep the listing here open- after all its like a kick in the teeth to some degree if people were to pay a lot more via brokerages etc to buy elsewhere? and what of the long term shareholders here before dilution like £1-£6? surely its a kick in the teeth for them? to some degree? i see a future here on a smaller, far more profitable scale, as long as nickel price holds/increases further and lets not forget zinc is supposed to rise as well, maybe the revised business model with new flowsheets-eia etc are fit for purpose- but who's the financier? fin gov? and can the authorities give a little slack to talv for eia purposes, ie a little extra time to complete all requirements? as this could also be a speed hump further along the timeline? fheres to hoping for the company- still think nyrstar might have more to do further along this road? ;-)) gl corbs:-)
Corbine anything is possible with TALV. I am encouraged with the nickle price and if water levels get confirmed today/tomorrow, the sp is stable, who knows where this can go over course of next 2 months before de-listing if agreed of course. All to play for IMO. Signs are right - whats your thinking ? .