Scirocco Energy Share Price (SCIR)

Just got off the webchat with my broker. Hopefully this is helpful for folks.

1 - delisted shares cannot be held in the ISA.

2 - my holding will be transferred to my Share Account.

3 - it will show the number of shares, but Zero value (as there is no listing price on the stock exchange).

4 - communications will be passed on as usual, and they expect to receive more info as the process moves forward.

5 - disbursements from the liquidator will be deposited as cash in the account (sounds similar to how dividends appear, although they said the back office process is slightly different).

Hopefully this reassures.

Should have done that in 2015 instead of investing in this crap.

I think bitcoin were about £200 each then.

So every £1000 invested would have been worth £250.000 whilst every £1000 invested here is worth about £2.

Thanks CP…. I had thought they were in my SIPP but after double checking, unfortunately not so I’ll off-load and move on. Good luck 🫡

Well one factor to consider for many people is that a non-listed company cannot be held in an ISA and is difficult in a normal, vanilla SIPP wrapper accessed through a retail Investment Platform(though some will accept non-listed companies at a cost). So typically you would have to sell to cash and re-purchase outside of the ISA wrapper or transfer the asset from a simple vanilla SIPP to a more complex one , again, typically at a cost.

Like most I imagine I’ve been invested in this company for many years and watched that investment dwindle to very little. Now with imminent de-listing and the company reverting back to private ownership I’m left wondering whether to cash out the measly sum left or just hang-in in the hope things improve. What’s the general consensus. Thanks