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Well, you're certainly right about something bsg4-that is difficult to read. But thanks anyway. Anyone else have any comment on my question? At least the SP has perked up a bit here which is more than can be said for the ASX price.
Morning all. Just logged into my HL account and seen that no value shown for MTR shares but they are at least still shown in the ISAs. I suppose HL will give them a value when there's a reasonably reliable figure based on ASX deals. Has anyone any recent info on the ISA eligibility issue?
Thanks AP. I was aware that MTR was there but I thought there would have been 1 for Strata as well/instead of. Surely the BoD should be doing all they can to raise awareness of the new name for new investors, assuming there are going to be some!
I was looking forward to checking MTR/Strata's sp on Hot Copper this morning-well "looking forward" is perhaps putting it a bit strong- but HC doesn't even recognise the company when you search for it. Not a very good start. Did Strata start trading on ASX last night or not?
Hello Taylot. The last I heard from HL was that MTR/Strata remains ISA eligible-has that changed recently? HL have confirmed that to me, so I'm expecting to retain the CDIs in our ISA's with the ability to sell but not buy, which is fine-I don't want to buy any more, just benefit from any rise in what we have without worrying about tax.
The last I heard from MTR was that they were trying to get II to accept the CDI's as ISA eligible-do you know if II have changed their stance on that?
Cheerio folks-see you on Hot Copper.
OK, thanks I understand now.
Sorry Phatbaz but I don't understand that post at all.
Theski, I think we're doing all we can at the moment so will have to await developments. I really have no idea how this will turn out.
I'm getting dizzy now, all this going round in circles!
Tame, see my post Tues 11.54
Nothing from MTR, theski, and I think on this occasion no news is bad news. When did you get that message from HL? It was last Friday that I posted the reply I had had from HL saying the CDIs were ok in an ISA. It's looking to me like HL were wrong in that message, and the fact that MTR are silent suggests that they ****ed up as well, or just didn't research the point.
I'm not sure what can be done about it . I can't see that HL could be held responsible for anything even if they were wrong initially. The buck has to rest with MTR for hanging private shareholders out to dry. Either they were aware of this problem and went ahead anyway or didn't foresee the problem when it's obvious they should have done.
It seems likely many of us are going to be disposing (ie by way of transfer)of long held shares bought at prices well above the current SP, which is bad enough but if they recover are we going to have a potential CGT liability because of the change from ISA to non-ISA? Can anyone answer that?
All quiet on the surface. I wouldn't be surprised if there was some frantic action going on beneath the surface tho'!
Yes, theski. As at today, anyway. No further input from MTR yet either.
Bigmj-what makes you think the CDIs will be allowed?
The point is Shadow that what's being listed on ASX are CDIs not ordinary shares and after the AIM de-listing there will be no listing at all, anywhere, for the shares. According to II that point is crucial and means that the CDIs are not eligible for an ISA.
The question I I'm more concerned about is what happens if this share recovers? If shares are sold from an ISA and rebought in a non-ISA account , does the new purchase price become the cost for CGT purposes going forward? For example, if an investor has 200,000 shares in a ISA at an average cost of 21p and these are sold and rebought in a non-ISA at 7p, and then by some miracle the shares get back to 21p, what is the result if these are then sold . Has the investor made a gain of £28k (200,000 x 14p) with a CGT liability, despite having just recovered his original costs?
Sounds like they are eligible now but won't be as soon as the de-listing happens.. I've emailed MTR to ask for their response.
Yes, but votes were cast in respect of only 1 third of the shares in issue so the resolutions were all carried on the back of a small % of the votes that could have been cast. All it needed to defeat these changes was for the holders of the other 120m shares to actually vote. P*ss poor by most holders!
I believe ii are re-examining their interpretation of the relevant sections of HMRC's rules as they may have have reached an incorrect conclusion. Hopefully we'll get to the bottom of it soon.