Member Info for 165zephyr

Following on from my Bed & ISA response regarding IG, I did my own "Bed & ISA" as @Bannor and others have explained.

I bought an ETF outside of my ISA as IG had incorrectly classified it as not ISA-eligible. After buying it I realized it actually was. I spoke to IG who accepted their mistake, re-classified the ETF and gave me £10 compensation to sell and subsequently re-purchase within my ISA (I pay £3 per trade for UK equities).

That's a lot cheaper than having paid £40 to IG to do it for me. Hope this helps.

@DizzyG - the number of shares is as per my original post, and has been taken from the RNS in Jan 2021, so that's the number we need to be working with.

For all those saying we own 0% of Amapa, yes I agree that to be the case until the official deal has been signed with the bank creditors, however since when did the market start operating on definitive deals/agreements? It has always been the case that the markets take the "future" into consideration i.e. future potential/deals/discoveries etc. If in any doubt look at how the NASDAQ has been (and still is in my opinion) over valued. If still in doubt look at Tesla (if still in doubt I have plenty other examples but you get the drift).

In short, the stock market has always factored in future deals/earnings etc., even where they have been based on rumours. To be honest, the 20% Amapa deal is pretty much done and dusted for me, and the first shipment is evidence that its very much a formality only. When it actually comes through, is anyone's guess.

Not done it but recently enquired IG about it and they charge £40 per stock.

Hey Folks,
Hopefully this can distract/divert the attention of this board onto more "constructive" topics.

I am trying to get a feel of what the KDNC share price ought to be once the 20% deal is done. I know many here have had a go at estimating the KDNC share price, but what we LTHs have known for a while now is that the market refuses to fairly price the share in light of its "big potential" investments, therefore I want to estimate Amapa ONLY.

AA's impaired value of the mine = $660M
KDNC's 20% ownership in USD = $132M
KDNC's 20% ownership in GBP = £96M (using the current exchange rate from XE.com)
KDNC's current market cap = £40.35M
(market cap. has been calculated using info. from RNS of 12th Jan 2021 i.e. 148,349,098 shares, and closing price of 27.20p, taken from LSE website)
KDNC's estimated SP considering Amapa ONLY = 64.7p

I think 64.7p seems like a fair value for the share once the RNS is out, however I am very hopeful of the very low float and the "excitement" that this may cause and therefore would not be surprised this going to the psychological 70p before retreating.

Of course if the market wakes up to the other world class investments in EMH & BCN it could go higher, but I wouldn't hold my breath.

Any crtitique/errors/suggestions/ideas/thoughts etc. welcome.

Update:
Still hadn't received my shares as of Tuesday 6th April, so reached out to my broker (IG) who said they have nothing to action and therefore I need to contact PB. This I did (via email) and received a prompt response from PB that they had sent the shares over to my broker on 24th March. Almost at the same time the shares got deposited (on 7 April).

Not sure who the reason for the delay was, but I got the shares in the end so I'm a happy bunny.

I believe he still can't discuss anything that is deemed price sensitive even if an RNS is planned for the next morning.

Hey Folks,
I note that the share float is 145M (approx. 148M outstanding) which is small, but when compared to a typical AIM share its extremely low as its not uncommon for small cap companies to have a float in the billions.

Now I don't have the %age of shares held by institutional investors (hopefully someone will enlighten me), but either way this is great for the share price, and it can be assumed that if a reasonable number of investors hold on to their shares post the RNS (yes the one we are all eagerly awaiting) then the share price can actually do wonders over and above what has been estimated on this forum (£1 plus).

Happy for any thoughts/comments etc.

Yes @Nookie, I read somewhere that Barclays is one of the few brokers that gives access to the Aquis exchange.

Thanks @Stalwart9.

I've not received any comms from my broker, nor the shares. Think I'll reach out to them to find out whats happening.

Thanks EVB, this is great information.

So basically what we are saying is that the total number of shares in issue for any stock (in case of KDNC=148m) are spread across all exchanges the stock is listed on, and that the price also remains the same across all exchanges?

On a separate note, is anyone here trading on the Aquis exchange? If so, what platform/broker are you using?

Hey Folks,
Just occurred to me that KDNC is dual listed right. Does that have any effect/impact on calculating the valuation of the company? Eg. on AIM it currently has a market cap of around £36M, but whilst performing a valuation of the company, should one also take the OTC listing into account?

Today may well be the last chance to buy into this as who knows what could happen over the long weekend.

Also, someone mentioned that there are only 148m shares outstanding however, the float is even less at 145m. All that share consolidation (100 to 1) was painful at the time, but with hindsight maybe a good thing? 145m for an AIM stock is a pretty darn low float - well done!

GLA !

Hey folks,
Just wondering whether your new shares from the recent placing have already landed in your trading accounts? Mine haven't, and therefore the question. The PB email mentioned they should land after the 24th March, so just wondering how much more of a delay may one expect?

Thanks!

True, but ARGO was a rare exception. These exceptions happen in cases where there is exceptional bullish sentiment, like there currently has been for Bitcoin and all things Crypto related. Doubt CWR falls in that category right now.

My bad RE not being an AIM share, and in which case there is even less to worry about.

Continue chillin' :-)

Couple of things to consider:

1) Subscribed shares will end up in your non-ISA account
2) Share price will most likely end up falling to the subscription price, when its disclosed.

Bearing in mind both of the above points, you might be better off just purchasing shares in your ISA when the share price drops to the subscription price. Win-win !

Guys,
AIM shares are ISA-eligible, as are the rest of the LSE stocks (FTSE 350 and below etc...) so no need to panic. When the shares relist on the main market they will retain their ISA wrapper status.

Chill and GLA.

Hmm Ok thanks for the info.

I take it Greenland was going nowhere anytime soon, and therefore the decision?

Hey Folks,
Long time reader of this forum, as well as long time holder (REM days).

I was wondering whatever happened to KDNCs Greenland interests - were they sold?

Thanks for all the useful information shared over the years !
165zephyr.