Member Info for JenniferE

I don't think the board wants to give future buyers an idea of the price they are looking to accept and that is sensible.

I seems to be a delay from the liquidator but the initial payment is now expected to be £0.434939 per share held.

Same for me, I'm with II, who are you with?

It's due to the takeover offer for care reit

I'm not seeing anything positive so I'll be voting against! They are way overpaying for the buyout, especially since they are paying in shares at a discount! This is just a way for management to boost their pay by a large multiple, there is nothing in it for shareholders!

Why would they vote against the managed wind-down? One of these funds was actively pushing to reject the merger because they considered a lot more value in the wind-down!

Well that's a kick in the nuts so to speak, I hadn't expected that! It's not a slow winddown, I wonder how the market will react tomorrow!

The latest offer from Urban Logistics has to be the worst offer ever! It looks like they want all the best assets at a 30% discount and we are left with the junk to sell! SHED shares aren't worth accepting in exchange when they are sitting on a 28% discount!

The current pessimism seems a little overdone, at current gas prices they will be making over $400m gross profit, more than enough to pay interest payments and pay down debt even if not quite enough to also pay the current dividend level!

I tested to see if I could buy on ii today but got the message that an online quote wasn't available and needed to send an order to a broker. I didn't trade so I don't know if it would go through!

That's a great find! If they expect a secondary listing in London within six months then it is definitely worth retaining the shares!

Financials are hit because of disappointing inflation data and especially the rise in core inflation suggests more interest rate rises and hence falling bond values!

I assume he talking about Shanta Gold (SHG).

Littlened, I hope you are right about the status of the DCUs!
Although even if not I now thing the situation is nowhere near as bad as I'd originally assumed, I had thought the DCU payments would be treated as income or dividends but this was I now believe an error and they will likely be taxed as a capital return (20% as opposed to 33.75%) and the valued of the hurricane shares on the day of purchase if outside an isa or the price at delisting if inside an isa would be deductible.
On whether they would remain in as isa is more complex, if you receive unlisted shares or bonds then these are definitely held outside an isa, there is no issue there but the DCU are simply a right to a deferred consideration so not shares or bonds. In tax law a deferred consideration is taxable at the date of the transaction if the consideration is fixed, if the consideration is variable then it is normally taxable at the time payment is received. If payment would be taxable at a date after the transaction date then I believe it would be outside an isa. I do think that if could be possible to argue that this payment is fixed as it's capped at 12p(total), also it maybe possible to elect to be taxed on the transaction date and hence all payments are received in the isa. I'm now 70/30 that payments will be within the isa and even if you the capital gains due will be minimal!

I can't believe how thick some scientists are! You need to tackle the demand side, if you restrict the supply side you will just import more oil and make the people of this country poorer!

This to me is the biggest issue, I think there is a high chance we will receive the full 12.5p but due to all the payouts being dividends we will be paying 33.75% tax with no allowance for the capital cost. Also from April the dividend allowance is reduced to £1000 and £500 in the following years. As far as I can see all payments will likely be made outside as ISA and so will be taxable!

The DCU deed Poll document on their website explains what Net revenue means. It is gross revenue - transport and marketing costs and also currency conversion from $ to £.

The deal isn't as bad as many are making out! There is nothing in it for Prax if they don't buy assets and make use of the tax losses and if the do we are likely to receive the 12.5p. My main issue is the tax, if most of the cash is being paid as a dividend after the deal completes then this will be paid outside of an ISA and 33% tax will be due! The payment should be a capital return not a dividend!

Written by some idiot who can't even get the details of the deal right!

It's tipped in investor chronicle