Bearing in mind the large shareholders do not seem to want to add funding. does anyone know how long it will take for HMRC to confirm who can carry over the loss?
Until the board continue to investigate the circumstances under which the Group's tax losses might be available for future use and together with any future funding, there will be no positive news as such.
So we may have to wait around for the next 12 months to see if the investment has gone or not, of course. The probabliityy is our investents is pretty much gone in my view but there is still a very small chance this could change
Should find out in the next 5 days!!
I would be very surprised if NEOS delisted for 2 reasons:-
1. John Teeling stopped the delisting early last year - so I would expect him to continue with his view.
2. Brian Myerson does not want another black mark following last years antics and being suspended from mergers for 3 years- IMO
3 Do finnCap Ltd want anymore queries after the Silverdell activities that people are trying to look into
L2 1v5 so it is a false book.
Should be able to buy 12,500 shares and can only buy 2,000.
Should be able to sell 2,500 shares and can sell 15,000.
IMO this looks good. Trying to get cheap shares in. May have a big buyer!!
TMO Renewables go into dministration on Thursday 19th December. Philip Duffy and Benjamin Wiles, both of leading global financial advisory and investment banking firm Duff & Phelps, anticipate this to be a short term process which will see the return of a fully funded company to the shareholders.The Joint Administrators are working hard to ensure that the Administration does not affect the operations of the Company or its relations with its major commercial partners.
The following Monday 23rd, Neos shares are suspended awaiting results due no later than 31st January.
Coincidence or what.
Potential RTO - taken from ADVFN
https://www.creditman.biz/uk/members/news-view.asp?newsviewID=19283
Duff & Phelps Ltd. appointed Administrators to TMO Renewables Limited (“the Company”)
Jan 15 2014
Philip Duffy and Benjamin Wiles, both of leading global financial advisory and investment banking firm Duff & Phelps, were appointed Joint Administrators of TMO Renewables (“The Company”) on 19th December 2013.
The Joint Administrators were appointed by the High Court on 19th December 2013 to protect the Company, to allow the structure of the business to be re-engineered and to give the shareholders an opportunity to provide further funding for the business.
The Joint Administrators anticipate this to be a short term process which will see the return of a fully funded company to the shareholders.
The Joint Administrators are working hard to ensure that the Administration does not affect the operations of the Company or its relations with its major commercial partners.
Well what else can it be?
Nothing else is stopping the accounts until the end of June. Decision already made to put management in Geneva.
Stopping work in India is this financial year not the year ending 30th June 2013.
So I think they may have delayed the accounts to prevent issuing a statement knowing what is going on behind the scenes.
I believe a pi has to inform the Company as soon as you pass 3%.
When we see an RNS showing "Holdings in Company" this form I believe is filled out by the new minor shareholder. You also have to inform them as soon as go below the 3% if you were above.
I have not got there yet but I would check with the London Stock Exchange first though