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Magmanus, he has not lost a penny if he wants to sell the company tomorrow what Will the price tag be?
I have built positions in both
Gtx I spoke to my broker and they told me I can continue holding after delist in ISA/SIPP?
Anil won't care less what the share price is. He still owns 80% of the company. It's the institutions who have been shafted here cause they are forced to sell.
Gtx totally agree that is why I'm adding to ISA/SIPP tax wrapper. This man made me money in the past. But I lost in a way cause he got my shares on the cheap. He is going private here that's what I think. This could possibly fall a lot lower that's why I'm averaging. I've been a holder now for 3 years or so
Personally I think he is going to take this private. I owned Vedanta he did the same thing there and I was forced to sell but did make a few quid. I think trick here is to average. I added a few today. Institutions will have to off load. Woodford raised that issue. Gla
Has anyone any idea on the NAV here? I'm sure it's in the £2 region? There are a lot of forced sellers still. Some institutions will not be allowed to hold unlisted
Mag your correct I checked this am. I have in ISA and SIPP
The way I look at it is of Anil wants to pay himself a divi he's also got to pay me
I've been in this for about 3 years now. I don't think a Divi will be paid this year but something will have to be done with the profits in a few years time once the debt has been brought down. I don't expect to ever sell the shares but a buyout could come and the starting figure would have to be a 5 is my guess. So to me it's worth a punt
Well I've thrown a bit more money at this. Not many institutions will hold this now after Woodford and his unlisted fiasco.
Thetrotsky, thanks for that.
No expert thanks for your reply I'll look into
Well I've added, company now worth only £100m. Tuck shares away and forget until company gets bought out or divis resume. Gla
Hi does anyone have any idea what happens to shares held in ISA/SIPP after delist? Are they still covered under tax wrapper?
Personally I don't think there will be a divi on this one. Debt was taken on to pay the divi. Myself I will add but wait until Pi's exit the door knowing the only way I will make money is through a buyout or with divis in future years. An offer came in before and was turned down, there's your starting price for ibpo. Gla
Totally agree but I'm thinking of using CFDs at this level to recover
Be interesting what people think here. Thankfully my 5% rule has protected my portfolio some what. This to mean seems ridiculous to sell out at. The company is going great guns. Sit and wait for a takeover and take divis in the meantime? Am I missing something here?
Warthog the insurance market in the UK is run by chancers hoping people just renew. I have a car in Spain for over 15 years my premium has gradually reduced with age. Unless of cause your picked up a drink drive conviction that slipped her mind in telling you. Good luck