Member Info for Beresford2021

best stick with the facts, unless you're in to hero worship such as those who hang on to every word of the likes of GMF78 for instance, with 9 directorships, (8 companies of which are dissolved and 1 currently in liquidation). Tax man will be eyeing up that one I'm sure! Nite all. Hoping I wake late again!

because they've hedged and also gone long but what they haven't bargained for is what might be the date for the divi!

agreed (thumbs up)

ooh well spotted CAW :)

I concur with that, it was what I was trying to explain earlier in relation to the divi.

https://www.ft.com/content/ea2bd724-140c-11e5-abda-00144feabdc0

gave all the hints before Christmas on twitter. Tik tok!

Calpos this morning, and you lot think a share can't go up 3000%+, (and also come down to nothing, although I hope that won't happen here)!
"Monty, if you had stuck your money into the FTSE 100 2 years ago you would just about be breaking even.... meanwhile EUA has done about 3500%..."

The company aren't holding the funds! Pipers will hold the funds on escrow. IMO.

No.

I'm not saying the co. is physically holding, but UBS might be holding in readiness, so effectively, it is there. They will announce once it is transferred in to the company account. I'm not arguing with you any more CTC, but I do know a thing or two about money laundering regs!

You just don't get it, they are already in receipt of funds for whatever has been sold, the fact that they held the meeting and passed that resolution is an indication that funds are to hand IMO. They will have already determined what is to be paid out already from the sale proceeds which are in hand. The due diligence related to money laundering regs so that the co. were given clearance to receive the funds. This is very close now but that's just IMO.

Have a good afternoon all. Tax to sort!

Go and buy a fire extinguisher Tom, you'll need it!

and it can be the date the resolution was passed which is the record date. Let's just leave it at that and wait and see, it might be immaterial anyway.

CTC if a share goes up 3000%, then it can come down 3000% when it crashes. I have held far longer than some. If a qualified accountant can tell me that the company cannot use the date of the Board meeting passing the resolution for the payment of a divi as the date for payment and point to the relevant part in the HMRC code then fine, I am wrong, and I will hold my hand up, but I'm just an ordinary PI who hopes my interest will be protected by the BOD, and that the shorters will get their come uppance, because they have made our lives a misery over the last few years, and note how the likes of calamari, johnmo91, casper68 attack, saying I'm wrong, but they don't provide any evidence whatsoever to support that. It's easy to say "you are wrong"! So as I have stated, I hope the divi date will be that of the resolution having been passed by the BOD, if possible, depending of course on what exactly is being sold, and that they will suspend until payment is made, and life can hopefully return to some normality thereafter. End of.

Anyhow, I don't want to labour this argument further, as it will be what it will be, and I'm hoping we'll all find out soon enough :)

re: 1, they are already beginning to exit, but this is why i'm hoping the date will be the date the resolution was made! That would be a canny move by the Board!
re: 2, many are talking of selling upon announcement of the date, so as to pay dividend tax rather than the heftier CGT, that could cause a mass sell off and bring the sp tumbling, and the market could get very disorderly, particularly if any remaining shorts are scrambling to get out, which they will be if the date is the date of the resolution! So I think there is just argument for suspension! But it's just my opinion, as the Board will know best.

I disagree candc, this isn't always the case, and I haven't seen any evidence from you to dispute the facts that I have produced, the last one being from an accountancy firm, yet no one else is providing actual facts to support their claims. See the last one I posted. If someone can clearly show from an accountancy or tax expert site with a link that I am wrong, then I am interested to know, but the Board can in fact make the divi date the same date as that of the meeting in which the resolution was made as I understand it from what I have read this morning. Also, if it only a sale of part assets, then they don't even need to ask for shareholders to vote, and they just announce their decision on divi price and date it took or will take effect or remain silent on date so that it becomes the date the resolution passed at their Board meeting. I don't deny that it is usual to announce the divi price and ex divi date at the same time, but it doesn't have to be that way, and as I say, if it's a sale of part assets, ie less than 75%, then the ball is very much in the court of the Board, as they don't have to seek shareholders approval at all. I'm hoping they have determined the divi date as that of the Board meeting date when the resolution was passed and shorters are busted, but if it's a sale of more than 75% of assets, then they will need a vote, and I doubt they would then give the same consideration to the ex divi date, and it will be either than date or at a later point. I also hope they will suspend although it will be inconvenient, but I think it's the only way to stop the market from becoming a mess.

plus as someone else said, if a divi is declared, then you will have to pay it back as you don't own the shares, you only have them on loan, so it's of no consequence to you calamari, you're stuffed!