Member Info for FredFlintstone99

I can't remember exactly timings, but within 24hrs of making the request. I got wood & Co to convert USD to €, and then transferred the € to my Revolut account. Got delayed at Revolut due to then needing to do AML checks. But all went smoothly at Wood & Co.

Why would HMRC allow a negligible value claim when the shares are currently worth $7.70?

So I have my shareholding in ISA at AJ Bell. No communication from them as yet on what will happen to the shares (I'm assuming transfer to general dealing account), but oddly they've renamed the shares back to Caracal Gold 🤷‍♂️. Bizarre.

Well I've got out. Was only holding to mitigate against losses from my LTH (pre Ukraine), as this is outside of my normal risk appetite.

Been holding at Wood & Co (as I knew I didn't want to buy more). Easy process, and fees have been reasonable (little bit more than used to, but hey none of our normal brokers deal on AIX, so that's the price you pay. IMHO still quite reasonable). FX haircut to exchange out $ was minimal. Process was simple & excellent help (via email) when needed.

Sold at $7.81, not quite the recent peak but was very happy with that as profit covered notional lost dividends and some capital gains on top. I do think this will go higher in time, but as I said, not my normal risk appetite to hold for longer than necessary.

Thanks for the various help and advice/suggestions received on this board. Good luck to all those still holding

Thanks S7ein

I've done a bit more digging, this weekend. Looks like as Solidcore is a member of AIFC, one of the benefits is sale of shares of such companies are exempt for CGT (and dividend wht) (in Kazakhstan). Obviously still subject to relevant taxes wherever the holder resides.

Just bumping this post as no replies previously. Anybody heard of witholding tax on capital gains in Kazakhstan?

Does anyone know the situation around witholding tax in Kazakhstan? I believe it is applied to dividends, but doing a quick Google, there seems to be reference to it being applied to capital gains? Anyone know if this is case, and if so how is it applied (they won't know the acquisition price to calculate)

Very glad I bailed out at 588.50 :-)

Will decide in the new year once everything has settled (and IF there is a secondary listing on LSE) whether my portfolio has room/need for some cardboard boxes.

Does anyone know what has happened to IP taking a secondary listing in London? I thought this was part of the plan in the takeover?

I've just had email from HL saying I need to fill out W8BEN form if I want to hold the IP shares. I (possibly mistakenly) thought the secondary listing would avoid this. 15% withholding tax on divis doesnt around appealing when already held in an ISA.

Notice of the AGM out today.

No dividends being recommended. And a proposed change of name.

Thoughts anyone? No divi I think was expected. Change of name is probably not a bad thing to try and distance themselves from PolyR.

Will be good if this does happen. Can't find anything online about it, inc reuters. But we will see tomorrow.

Thanks John

Yea, that was my take on it. You would have assumed (dangerous, I know) that these discussions would have taken place before the re-dom. The whole point was to move to a "friendly" jurisdiction to avoid such barriers.

Hey ho. As you say, fingers crossed.

Does anyone know what is happening with the listing on Moex? Seems to have been frozen (suspended?) since July, I assume to do with the redomocile.

Does this have any impact the BoD plans for next 12 months?

Nobody knows yet. Not until the BoD give more detailed plans. There are many ways the split could be structured and the 2 halves valued.

@Svoboda

If you are UK resident, then Wood told me to put your NI number in all 3 boxes. If not UK, then I'm afraid I'm not sure - best to email Wood.

@GrowValue

Shares were in an ordinary account. I'd already swapped them out of ISA (replaced with other shares through buys n sells so I kept the tax wrapper benefits elsewhere). It suits me to have the ability to sell the shares when I want rather than the ongoing risk of them getting stuck with a UK broker.

The completed SSI form gets uploaded as part of the online application process.

Sorry, should have said. This is not a recommendation, just for information.

As always, DYOR as to whether Wood is appropriate for you, but I'm happy to answer questions if I can.

@Svoboda

Sorry, no idea. Suggest emailing them. Their dedicated email is polymetal@wood.com

Well, 5 working days from submitting the online form to open an account with Wood & Co, my shares are transferred and in my account there. The tfr itself (from Jarvis) only took 3 working days.

I know the Wood option is not for everyone, and the rather odd SSI form is confusing, but credit where credit is due, this seems excellent service from both brokers. Makes you wonder why transfers between just UK brokers can take weeks.....

The SSI form from Wood does look weird, but I think they've tried to create something that explains what they are asking for to anyone who doesnt understand the transfer process. Unfortunately just made it even less understandable IMHO.

I just forwarded it to my UK broker (Javis). They understood what was asked for, duly completed and returned to me to forward onto Wood. When your account with Wood is accepted, you then generate a new form along with a reference number and send these to your UK broker for them to initiate their side of the transfer.

All seemed to work fine. Mine is in process. I'll let you know next week if its successful (Jarvis said would take a week).