Member Info for blakeney

Not quite the same price, the MM will usually make between £25-£50 on the trades which will be reflected in the prices concerned, most decent brokers will only charge commission on one side of the transaction, SDRT on the buy side is also applicable..

I suggest that you make a complaint about your ISA allocation requesting the 44.766907% per the announcement, or at least request an explanation as to the discrepancy, I'd love to hear it!

The differences in excess entitlement shares holders appear to have received may be due to certain custodians making full use of any unused basic entitlement when completing the the application for 'pooled' nominee accounts. Although advantageous for their own clients who wish to take up as many shares as possible, it is to the disadvantage of other shareholders. Did anyone have a different excess entitlement from the same broker when holding multiple accounts such as a SIPP or ISA?

"pick it up for a song"......yes that would be my guess, as has happened to other AIM stocks I've held in the past, either that or they failed, by design or otherwise.

Trade back again !!!

Trade of around 583,000 shares at 52.5p yesterday at 11.50am popped up on screen, then disappeared !

Yes, any cash in respect of unsuccessful excess entitlement applications will be refunded once received back from registrar, any shares currently showing on portfolios without any value are merely for accounting/administration purposes and will be removed being replaced by the actual allocation when issued.

Effective 11th March 2021

News of 1 for 200 consolidation not hit yet !!!

Have a look at the Pilling & Co website, traditional stockbrokers who have been around since Adam was a lad, phone always answered by a qualified dealer without having to make multiple selections.

Personally I cannot be doing with trying to trade online, however cheap, I ring my broker and the phone is answered immediately by a dealer with no press button one nonsense. Live market prices can be obtained and trades executed whilst on the phone reducing the worry of prices going against me. With a range of services including ISAs, SIPPs and a basic nominee account Pilling & Co Stockbrokers Ltd in Manchester also have access to a range of overseas markets.

Almost doubled my holding over the last two days, I'm here for the end game and prepared to weather the storm, been there before.

.... unused cash now back in my account.

Not sure if this helps but, ignoring dealing charges, if you buy 10,000 shares at £1 your book cost is obviously £10,000, if you then sell 5,000 shares at £2 your book cost is still based on what you originally paid for he shares, i.e. £1 each or £5,000 in total. Your original book cost will only change as a result of further purchases, so for example if you then go onto buy 5,000 shares at £5 a share your book cost becomes £30,000 for the 10,000 shares you now have (average £3 per share), which correctly does not take account of the £5,000 profit on the sale. If profits taken from sales were taken into account you could finish up with a minus figure as a book cost, which although okay for personal records, could become a headache for tax returns etc.

Yes Appy, I expect we will see a fair trickle of buying with monies returned from excess entitlement applications.

If you bought shares on the 30th April they would not be in your, or broker's, name until the shares were actually delivered, normally 2 days later. In such cases you are still entitled to take part in the open offer which would be accommodated by your broker claiming the entitlement from the seller.

Cash in relation to any corporate action is quite rightly not normally taken from client's accounts until it is actually paid out by your broker. It is a matter for you to allow for prior to dealing (spending it twice), which you seem to have done. Not with HL myself but reckon cash will be taken sometime today.

Hope his helps.

Stamp Duty (SDRT) is not incurred on any shares acquired via an Open Offer, it is also not due on market purchases of AIM shares, Sirius are no longer listed on AIM so duty is paid on market purchases.

Not really an expert on stock lending but as I understand it the lenders are entitled to any corporate actions that accrue during the lending period. Those involved in borrowing stock to short it are therefore liable to provide the lenders with the shares they could have applied for had they not lent the stock.

Just a thought.

Nothing to stop you selling the day after receiving the shares from the open offer, you are however taking a risk that they may be below 15p, but then again they could be a lot higher .