Member Info for jotom750

I used

wood@wood.cz

No error messages.

Have you included the quotation marks by mistake possibly?

PVDave

Agreed, I'm doing the same for now. Though valued at zero, they have not removed my Evraz shares from my ISA up to this date, or forced the sale of them earlier, pre the delisting. (I did take trading shares out of a none ISA acc as certificates).

Reckless.

Email sent.

Fingers crossed.

Reckless.

Thank you for your reply. I will echo your email with one regarding my own position. One hopes that

"Many hands make light work". Or some such.

GLASH

Reckless.

That's a great idea. "I have asked Wood & Co nicely to consider providing an ISA facility-"

May it help if more prople requested same? I would think so. Do you have a contact name there as I will then pose the same question.

GLASH.

Onbe.

Whilst the divi ratio could well be true, if it were thought that the price would tank near to the redom date, (as some have said) would buyers not just hold off until nearer that date? (assuming it was not exdiv).

Regarding ISA's

From the HMRC

https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers#recognised-stock-exchanges

“Changes to investments held in a stocks and shares ISA”.

The most common examples of a change to an investment are:

takeovers

demergers

capital reorganizations (other than a rights issue or bonus issue)

rights issues

bonus issues

Investors may take up any offer to shareholders in respect of investments held in a stocks and shares ISA. Whether the resulting investments can be held in the ISA will depend on whether they are qualifying investments.

Where the new investments are qualifying investments, they can remain in a stocks and shares ISA.

Where the new investments are not qualifying investments, managers must, within 30 calendar days of the date on which they became non-qualifying investments, either:

sell them (in which case the proceeds can remain in the stocks and shares ISA)

transfer them to the investor to be held outside the ISA.

Complex reorganisations often involve more than just the issue of one set of new investments. There could, for example, be a bonus issue of shares, which are replaced in turn by other shares, which are then sold, or converted to other investments. If the intermediate investments are not qualifying investments for a stocks and shares ISA then, strictly, the final investments, or cash proceeds, cannot be held in a stocks and shares ISA even if the final investments themselves are eligible.

However, where ineligible investments are issued as an intermediate stage, and those investments are short-lived, or are automatically replaced by cash, HMRC will consider whether it is possible to look through the intermediate stages and apply the guidance on qualifying investments to the initial and final investments alone. If a reorganization involves intermediate ineligible investments managers should submit full details to savings.audit@hmrc.gsi.gov.uk, and if possible well before the planned reorganization date.

Where there are income and capital options available to an ISA investor, the ISA manager can select the income option (whether by choice or default) if any resulting (non-qualifying) deferred shares will be either cancelled or purchased for a negligible amount at some stage in the future (albeit not within the usual 30 days).

So to me there seems to be some leeway there. (Though I may be wrong)

DC

I suppose it will be a matter of balancing the sellers to buyers. From the recent announcement to today (3 days), the price moved from 2.80 or so, down to 1.35 and back up to todays 2.40 (more or less). The world now knows that the move is on, no doubt about it. So, who is buying to make the price rise? I would imagine that it’s mostly people or institutions to whom the prospect of a move holds no fear. True as the final day draws near, PI’s will possibly sell up, but then it depends on how many buyers move in. I’m not sure.

"institutions are content to accumulate here without demanding firesale prices".

Are these not fire sale prices? If not, what are they?

Mar1

As a test I've just bought 65 on Interactive investor (to round up my holding).

MMT

If I were you, I would get a definitive confirmation of ISA compatibility. Obviously if it’s below the yearly contribution (£20K) it would be OK, (assuming other payments totalled below that figure). I would imagine that once converted to paper the shares would have in effect been removed from the ISA.

Just my 2d's worth.

OnBe.

Thanks for your thoughts, you make some very good points. I'm thinking the same way (though I'm well in the black at the moment so things are not desperate). It will be interesting to see what ii's actions are, I too have an account with them and though it presently shows Evras shares as zero value, they have not asked me to remove them from my ISA account. In fact I held a few shares in an American bank that went bust over a couple of decades ago, they have only just asked to remove them.

So, fingers crossed.

GLASH.

Roxy

"My understanding is that if anyone holds poly in an ISA and on redom the platform holding the ISA would be the best to advise the individual what can or cannot be done with their holdings."

I don't see that as the case at all. AIX qualifies as an ISA listed exchange, if "Joe soap Ltd" British broker does not wish to trade there, it's their decision, that other brokers may wish to do so is nothing to do with "Joe Soap Ltd". They should provide a window of time to transfer the holding to another broker, or at least allow the sold share monies to be kept within the ISA wrapper.. At it's most cynical, they may not care if it means that they are losing control of a big ISA pot. I think that in this situation people have to find out things themselves, (good thing there is a board here!) and use that information combined with whatever their current broker says to make their considdered decision.

People seem to be (in my view at least) confusing, "Can Polymetal shares be held in an ISA when they list on AIX?"

With, "My present broker does not trade on AIX so I will lose my ISA wrapper protection". (Or words to that effect).

As I see it, and as others have rightly said AIX qualifies as an ISA recognised exchange, allowing shares quoted on the AIX to be in an ISA wrapper. It's that simple. (to me at least).

This then passes the question onto one of "Can I find and register with an AIX dealing broker?" (Thus allowing the ISA shares to be transferred into the AIX ISA). I don't know the answer to that yet (I have not looked) but I would hope that it's not an insurmountable problem as the exchange, in and of itself would want to be as liquid and as attractive to international investors as possible. It is clearly a “Watch this space/ get more information” situation, but not as I see it a deal breaker at this time. (I am just a private investor not an IFA, so please do your own due diligence).

GLASH.

https://www.youtube.com/watch?v=YyRa9PsPHWw&ab_channel=TimesRadio

So. You want to buy in more cheaply. I do hope that you can't.

GLASH.

And who says talk on here does not effect stock price?

"You mean victims of non US UK aggression only?"
Simply more "whataboutism". How many investigations into the causes of a war have ever happened in the kremlin?
Where is any form of policy change?

First. In what way does this have anything to do with Polymetal?
Second. If you were awake you would know that this is a perennial happening in the USA. It's something that some democracies go through. I goes with the "Freedom" thing. I don't suppose that you've had experience of that though.

"i knew that post would trigger one of the brain washed woke brigade lolo"
Everybody knows that being russ1an you don't like to hear the truth or reality.
Let's hope that unlike what you wish for, there is soon an agreed end to the war (remember, even calling it that, is too difficult for some).
GLASH.