If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
II are wrong ex dividend date is the 30th
heres what ii sent me
Important information about your stock 15 October 2020
A corporate action is taking place in relation to TIZIANA LIFE SCIEN (stock code BKWNZY5), which you currently hold in
your portfolio (a/c 2272722).
What is happening?
Demerger
Terms: 1 new share in AccuStem for each Tiziana Life Sciences plc share held
Ex-entitlement date: 2nd November 2020
Pay date: Upon receipt
Tiziana Life Sciences plc has announced a Demerger, whereby holders will be issued with 1 new share in AccuStem for
each Tiziana Life Sciences plc share held. The ex-entitlement date is 2nd November 2020.
It is intended that AccuStem will seek admission to the standard segment of the Official List and admission to trading
on the London Stock Exchange in late Q4 2020 and potentially a dual listing on NASDAQ in 2021.
Whilst the AccuStem Shares will be allotted on the completion of the Demerger, it is unlikely that the process to obtain
a standard listing on the Official List and admission to trading on the London Stock Exchange will be complete by the
date of completion of the Demerger. Accordingly, no AccuStem Shares will be actually issued until the earlier of
AccuStem Admission; and 2 months from the date of the completion of the Demerger. This is to prevent the issue of
large numbers of physical share certificates which would then need to be replaced or dematerialised upon AccuStem
Admission.
The new AccuStem shares will be applied to clients’ accounts upon receipt.
Your account will be updated upon receipt of the proceeds but in some circumstances there may be delays in the
proceeds being credited to us. Please allow 10 working days for your account to be updated.
Mrninjazx7 your wrong ex dividend date is the 30th October.
Demerger record time is 7am on the 30th October therefore you need to be on the register (for the PI's ) on the close of business on 29th October.
Demerger, ex dividend date is 30th October therefore at 8am basically should see a drop on open and people selling. How low it goes is the biggest question
Do you believe in Tils of accustem asset is removed? Not a traditional ex div so can't comment. Best of luck everyone
@steve, apologies, the ex entitlement date is 2nd November, not the ex record date( fri 30th)
Monday is the 1st day you can buy tils and not be entitled to accustem shares, and my guess is the 1st day to sell tils safely and keep your accustem entitlement.
Lots of questions about how soon you can sell these and still be entitled to your Accustem shares, I thought it'd be a good idea to quote the good Doctor from the investors call last week:
"We don't want you to sell your Tiziana shares!" Can't remember what he said after that as I was too busy laughing to myself.
Lots of talk about cut off dates so I ran Robert Emmet and asked wether you needed to hold 2 days before cut off, he was vague and said it sometimes takes a couple of days to appear on the register so best do it early to be sure- however he said my broker would be better informed so ask them. I rang my broker and he said as long as you buy before close of business you qualify and has nothing to do with how long it takes to update- if you’re in you’re in.
Not that I want to but he said you can then sell them on opening on Monday morning.
The Accustem shares are a dividend so I expect the procedures follow the LSE Dividend Procedure Timetable. As the Record Date is Friday, the share go ex dividend the day before so you have to hold COB on Wednesday on a T2 trade to qualify for the Accustem share dividend.
"Record date should normally be a Friday, therefore with standard settlement of T+2, the associated Ex date falls one business day earlier. "
https://docs.londonstockexchange.com/sites/default/files/documents/dividend-procedure-timetable-2020.pdf
So putting it another way young buck if someone buys Friday morning they will get the shares in Accustem? That seems unlikely to me. If I sell Friday and you think I wouldn’t get them someone has to get the Accustem share. I have to say I don’t intend to take any chances myself. Any I decide to retain will be owned by me on Tuesday and will not be sold this week. It is a pity though that there should be any confusion over exactly where we stand.
You need to hold your shares when the market opens on Friday morning to qualify then you can sell as soon as market opens as cut off is 7am on that day from what I understand.
My strategy is completely the opposite, I am an Investor, and intend to continue to make a lot of money investing in early to mid stage Biotechs. Trying to time getting free shares, selling after what people think is the record date or what isn't the record date, and timing within hours is surely a ludicrous way to try to make money. Some people should research properly then invest in a Company. Buffett has made a good career out of it. Day trading is fine but not when it comes to demergers and capital reductions - you are almost guaranteed to lose money.
dgbell, I’m afraid you couldn’t be more wrong.
IF YOU SELL YOUR SHARES ON WEDNESDAY 28th YOU WILL NOT GET ACCUSTEM SHARES.
I CAN GUARANTEE YOU OF THAT 100%.
GL
Got to be holding on close of play on Friday to qualify, you’re going to be rather disappointed if you sell on Wednesday and expect to get the accustem shares
You would think it should be quite a simple thing as to when you can sell to still be entitled to shares in the new company but it seems to be causing a lot of confusion and certainly a lot of comment. Since there will be a share in accustem on a one for one basis there must be a point where entitlement to that share flips over to a new buyer. My take on it, and only in my opinion, is with T +2 I must be the owner of the shares at close of business Tuesday 27th. If I sell on Wednesday 28th I will still get my shares in Accustem.
I nearly doubled my holding last week and these extra shares were bought with the intention of trading by close of play Tuesday, but retaining my core holding. If the price doesn’t move enough I will just sit tight on the whole lot. I had been thinking that by Tuesday we’d be hitting £3 plus but , even with the positive move today, I’m not sure if we will see £2.50 by tomorrow’s close. Could well go absolutely crazy tomorrow though so it will be interesting. Whatever your strategy here GLA .
Dear Mr Xxxx
Further to our telephone conversation dated 26th October 2020.
I can confirm the last day to purchase shares in Tiziana Life to qualify for Accustem shares on a t2 is the 29th October 2020 by close of the business day.
Ps don’t shoot the messenger:-)
Morning, has anyone here received notification from Interactive Brokers?
Yes BOM very exciting indeed. Nasdaq pre market 4.60 could this be the yanks waking up lol?
Gla
morning all, an exciting 2 days ahead
GC explains at 2:50 in vid. If your broker settles T+2
https://m.youtube.com/watch?feature=youtu.be&v=kg4w3CptBP4
Interactive Investor have already confirmed it to me and I posted message its close of trading on Thursday 29th
My info from ii us the record date is 2nd November so must hold until then.
daveycaferacer pretty much word for word what I was going to say!!
Just spoke to my broker ii and they are sending me a secure msg with the last possible date you can buy tils on a t2 and obtain your free stem shares.
Ps will post when I receive the msg
L. Jack
Yes I totally agree holding long term this is going to be one of best investments ever GLA
Robert. It states that on one of the RNS
With pipeline news, Tiziana will be the stock to hold.