Member Info for Lasvelas

Stt1… i read many comments out on this website, and my question to you is not about the content. I am here to form my own opinions, not to listen to random comments.

So my question to you is really to understand what drives you to make your postings here?

Are you short?
Or
Are you trying to be the good guy and protect people from loosing money?

I doubt you are long...

agreed. a keen buyer continues its buying of small blocks, just like yesterday...

someone is offloading ...

It seems that we have a keen buyer out there today.

Any idea why we are seeing a gradual decline in price...

Can you share some highlights from the article?

This is a Motley Fool article. Dont bother reading it.

I went into Sumo when Codemasters got their first offer from TT. I sold half of my CDM position today, riding the wave on the rest. Sumo seemed to be the second cheapest gaming stock after CDM, though brokers think gaming will slow down next year when things start going back to normal. Let's wait and see...

I am glad that someone has realized how cheeky was the Take Two offer. Fingers crossed it comes in tomorrow.

Comments on the back of today's results on Stockopedia reconfirms the shareholders should be rejecting the low ball offer.

I suspect the current price is driven by supply and demand as well as by the market makers who may be bidding with a hedge on the US stock as well as with a bit of a risk that this could fall through and they could end up with an unwanted position on their books. I don't think $170 price for TT stock is an issue unless you really hold a very small position. If your broker cannot take TT stock, you will be under pressure to sell and will probably not get a price close to the offer terms.

If that's the case, this will be an interesting situation. On a forward looking PE this is the cheapest gaming UK company vs. others like Team17, Frontier, etc. Obviously the company directors will be justifying their decision to the main holders, however they need all of them to vote in favour.
Given the fairly cheap offer and the fact that i see no language from the bidder at the moment,ruling out a possible increase should any other bidder come in, all possibilities are on the table. Early days. Lets just wait and see.

That is correct, however until someone else come in, there is only this offer. I would assume the top holder(s) would have been consulted prior to the Friday company statement to get a feedback from them. Do we know how many shares are held by the company founders?

Does anyone know if any capital gains tax is payable at source if selling US shares held in an ISA?
I am trying to determine should this offer go through and shares of the US listed company were given to us whether anything would be taken by the IRS on any future disposal. Lets ignore dividends.

Could they be after GENEME in Poland that supplies FRANKD tests to IT-IS International and therefore aquire the whole supply chain.

I am not a tax advisor but this is my understanding.

You have 325k IHT allowance. If anyone passes away, if the value of the estate acceeds this amount, any access amount is subject to IHT of 40 per cent. AIM stocks are exempt if held for over two years, but they should still be listed on AIM, that is still my understanding. AIM stocks held in ISA would also qualify for the exemption. ISA as such is subject to IHT if the value of the estate exceeds 325k. If not held in ISA there may be a potential for a Capital Gains Tax, but that i am not too sure about.