The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I wouldn't read too much into the language used there. I mean you would expect an agreement in general to be irrevocable. So antos gets what he wants but he has to vote for these resolutions. You're saying why advertise that so blatantly? Perhaps they were trying to entice the herd mentality. If its good for antos it's good for us. Perhaps it worked eh.
What rns is that in neon
The link doesn't work for me but if it's note 16 in bou accounts that is pretty standard. You need to state your deferred tax assets and liabilities but these are unrecognised, so they're not on balance sheet. You don't recognise an asset on losses unless its probable you can use them in the near future so they're basically saying at that point in time they don't think they will be profitable in the near future.. That's noting unusual for an aim company or any company really.
I'd like to think becuase he doesn't keep on top of his filings neon. That's me being optimistic. His accountant takes care of that business. Did he need to put c 30k in, in the last placing to acquire the Co?
Qwerty when it makes some profit to distribute. 1/2 year 19 results show a retained earnings deficit of 55m so you need to plug that gap with actual profits before it is even possible to make a dividend. I would say long time to get to the point there will be dividends.
Neon. Good to hear from you. I've been reading your back catalogue and you do appear to have flagged up a few red flags throughout the process. Perhaps i should have paid a little more attention. You say that in the event an rto doesn't happen antos will still have out more than he put in - how is that?
Neil. Apologies if that came across rude. Just wanted other people 9n the bb to know the correct position
Neil. Let's stick to fact and not your opinion. The tax losses cannot be used. There is also anti avoidance on selling companies with losses. They cannot be accessed by whatever group this was transferred into. Fact. The bit you want to read up on is a major change in nature / conduct of trade.
Neil. You can't buy tax losses like that. Huge amounts of anti avoidance. The loss is in the company. It can't be accessed by the individual.
Apple, the 340k antos put in. So if a loss is crystallised then this can be offset against future gains. But you set the loss against gains for a reduction in your tax bill at the prevailing rate. You won't see 340k back. You would see 340k x rate of tax you pay on your gains.
So these tax loss arguments are frankly ******.
Not sure that is possible Louis. Surely they would have to issue a prospectus and ask us to vote on the rto. These things will take time.
I've all but written this off as a tough lesson
Wizard I think it's just the way they will characterise the income in the accounts. Will see a revenue line from it
We are ****ed with this one. Nothing to back up that statement. Just a feeling.
Apple I think a post is removed of reported a certain number of times.perhaps some people on this bb did not like what they read.
Lolol Kablamoh. Joey Barton is my go to footballer for some philosophical insight
I say that was entirely misjudged you bad apple
Morning rkb. I am wondering where you get your knowledge on the value of tax losses available. There is extensive anti avoidance to prevent the sale of tax losses, they can rarely be accessed after the business concerned has ceased. Further to that according to the company accounts the losses were surrendered for R&D tax credits. At 31.12.18 the balance sheet has a value of nil for losses. So they will not form part of the nav. On your company valuation you would have double counted the losses because they are included in company valuation.
Morning rmr. Thanks for the rather more good natured response. I'll behave now. Sounds like we are all a little frustrated!!
Wow rmr. you just made me vomit in my mouth. Sounds like you have fallen in love. Don't get too hung up on the beekeeper or anyone else on these message boards. It may harm your wealth. Fact is, opion is irrelevant at this stage. What will be will be & this doesn't appear to be a leaky ship.
Lol who cares! We've been suckere in and need some good news!! Personally rkb's stories hooked me. Need a happy ending :-)