Member Info for 42trader

Ok cheers. A little confusing tbh.

So until, and if they do, settle in crest, you can't sell them?

Both interactive investor and Hargreaves L have a share search on their web sites to check shares that can be traded with them. TNZ does not show up on either. I've phoned ii and the person i spoke to tried a demo purchase and was unable. Anyone any idea?
https://www.hl.co.uk/shares/search-for-investments?stock_search_input=tenaz+energy&x=0&y=0
https://www.ii.co.uk/shares

I think when it comes to selling large holdings in illiquid stocks most brokers will struggle to sell and get a good price.

Some investors will sell as they can not trade TNZ in their accounts. If an investor decides to transfer their account to another provider to be able to trade on the TSX, then it will take a minimum of of 2 weeks and up to 6 months. Generally it takes 2-6 weeks.
This is why the sp is around 8p. Some investors have to sell and the market is taking advantage of that. I don't see the price rising to 10p before a deal is done (or not).
Personally I'm going to hold and transfer my holdings to another provider. I'm leaning towards Interactive Investor as it will work out cheaper for me at £12.99 a month fee and a £7.99 per trade fee.

Don’t forget that latest holding RNS. As mentioned some investors are selling but those sells are being snapped up.

….because your not taking into account Tenza share price rising. If your going to hold to get Tenza shares then the sp of sdx is irrelevant.

True. Another concern I have is if the deal goes through, will Tenza drop in price with the dilution?

They may hold them but can you trade them?
I have IWeb, and with another share I received Aclara shares which are held and shows up in my pf. But I can’t do anything with them except transfer to another sipp that trades on tsx.

Has anyone found any Canadian chat forum for Tenza?

So the likes of ii and hargreaves L are able to trade Tenza shares?
Can anyone confirm which platforms are able to trade it and what are the costs?
I hold sdx in both isa and sipp.

I agree it sounds like he’s confused.

https://www.malcysblog.com/2022/05/oil-price-gulf-keystone-petrofac-predator-sdx/

It’s a naff offer. I was hoping for a 12p bid. What is worse is it’s not cash but shares not listed on LSE. Personally I use iWeb which does not trade on tsx.

Though I think it’s a ****ty deal for sdx holders it makes no sense to sell at this price, providing your broker trades on the TSX.
In fact, if you intend to hold out it would be beneficial to buy more at the current price as you will receive more shares as you are currently getting a 20%ish discount.
Let’s face it, the bod of Tenza can’t be as bad as the sdx bod! And the company would have a combined cash position of $30m and no debt.
As mentioned earlier, the fact that Tenza is up today suggests it is a good deal to Tenza and would benefit sdx investors if they hold and get the Tenza shares.
There is also the hope another offer may be made.

Barhut, not all accounts can trade tsx. It all depends who your broker is.

Yep it’s a very poor deal. Very few holders will profit from a 10p offer.
But giving it to holders in Canadian shares when sdx is on LSE is disgusting. Many holders may not be able to sell these without opening up another account and getting them transferred. This is likely why the sp has dropped today.
Vote no and then try and get the bod removed.

I think it’s just a case of so few buyers to soak up the sellers. Anyway, just added a few more at 8.34p

Both gold and hoc charts look good for a very good run some time this year. When, no one knows for sure. Anyway, quite happy to pick some more Hoc up today at these prices.

Took a wee punt here today after my 120p alert was triggered. Just in time for the small dividend on 19th.