Member Info for deepjoy

no they dont. Dividend is specie is a transfer of assets (in this case) from one company to owners of another outside of the same group. The rules state that they do not qualify for tax relief but also do not form part of the annual allowance so in this case the value attributed to the shares eventually don't count as an immediate capital gain so you are only taxed on the capital gain of the subsequent share valuation. In simple terms when listed you can transfer amounts within the allowance in the normal manner.

It is correct ... poolbeg wont qualify for isa as it isn't listed so subject of usual tax rules

Bronx.. I get your thinking and agree. They is a lot of smoke and mirrors going on here. Most notably by ARDEN in the broker note which suddenly values the non core assets in the revision when they didn't before. The Orph valuation has not changed at 260m (PE projection of 40). Erm.....

In your view moni.. which I may add, is at best weird. Have a good day getting mad with everyone and everything :)

Moniman... you are a toxic individual aren't you! you have a real problem with any strategy other than your own, kind of sad really..

The previous broker targets for this share were always realistic and based on the facts presented by projected revenues and margins. A lot here talked the share to the moon but the stark reality is that figures don't value sentiment! So, here we are at a price range of 8-9 times 2020 revenue. That is my book is fair value and the broker revisions are looking forward and so am I. I've added.

DCFn... no problem very gracious of you :)

Ricky.. The market notionally values everything from balance sheet, sales projection, future growth and even potential. The simple fact is that the notional value attributable to the spin off leaves open orphan's control and therefore the present valuation and future growth prospect go with it. The valuation of the spin wont be known until it is IPO'ed whereby the shares will be floated with a valuation taking into account all the above factors. They would then need to raise capital as part of the IPO leading to dilution but pricing future potential.
It is therefore inevitable that the market will price out something from Orph, by how much is unknown and could well be an over (or under) reaction given that market ineffeciency. This is where money is made after all. The simple rule is that you cannot create capital from nothing and everything is valued by the market. So it is entirely logical and prudent to take thi into account when considering SP movements. The fact that the results are also to be released is another variable. GL

DCFN... That is nonsense. I never said the share were worthless on the contrary I stated that if Mark's analolgy of the spin off was correct then for there not to be a correction in valuation it would have to be deemed worthless.
The market values everything, core and non core hence why oil shares raise and fall on speculation and hype on a field ye to be drilled etc etc etc. There is a serious problem with confirmation bias and wishful thinking here. Logic dictates that the 'potential' valuation of the spin off will be discounted from the potential valuation of Open Orphan. That is basic market mechanic and the think otherwise and proclaim capital is created from nothing is ridiculous frankly. Cheers thou

Mark if it is a non core 'zero value' asset then it must mean that the free shares are deemed worthless by the market. You cannot have it both ways!

It is perhaps naive to think of it as free shares. All things being equal the SP of orph should fall to reflect the valuation of the non core asset leaving. Of course in this case it is the potential valuation but none the less the Orph SP should reflect some sort of correction. You pays your money you take your chance either side of the trade after all. GL

poolbeg ltd only came into existence in April this year its a shell only so listing is to raise capital from my understanding

Decent rebound in play here off lower support at 91. Looks good for the weeks ahead :)

Well I would top up but the price would have to hit 30p to make it worthwhile... I wont hold my breath LOL

patience is the only trait you need with this now. Value will win out in the end and all you have to do is simply hope your respective valuations and exposure levels are correct. :)

Nice to see this bouncing back abit from the bearish support at 80p .. looking better towards results in two weeks which we know are set to be at least good..

There was 1.3m on the balance sheet as loan based debt in the last interims FYI

oddly.. at that time I thought the valuation was stretched (yes at 26p) but now I think it undervalued... what passed in between well lets just say other opportunities presented and I got lucky. I've always liked the company but the strategy for growth made no sense to me a few months ago. I now have a clearer picture. Here is hoping :)

Oh yes how I have missed him/her/ they/ it or whatever .... fond memories LOL

after a 5 month hiatus I am back in :)