We would love to hear your thoughts about our site and services, please take our survey here.
The merger may well be dead for the moment, but that doesnt mean a new deal or takeover wont occur and that shares wont still be transferred to the TSX market. Just want to have a plan B in place :-)
Further to this, after delving a little deeper, Hargreaves Landown have said the following:
''I can confirm that we do have access to the Toronto Stock Exchange. You can find the full list of overseas exchanges we offer by following the link here.
I'm afraid however that we're unable to add Tenaz Energy Corp. (TNZ) to our platform. This stock doesn't settle within CREST. CREST is a UK-based Central Securities Depository that holds UK equities and UK gilts as well as Irish equities and other international securities. CREST allows shareholders and bondholders to hold assets in a dematerialised stock, i.e. electronic form, rather than holding physical share certificates.
If a stock such as this doesn't settle within this system, we're not able to offer it for investment on our platform''
As TopMan said earlier in the thread, it seems that InteractiveInvestor do allow trading as they are not restricted to the CREST system. This is great except ii charge a monthly fee once they hold the stock which will be an extra cost each month just for the pleasure of holding the stock without trading. I am unsure as to if there are any other options for UK investors to hold and trade the TNZ shares on TSX without the monthly fees - anyone got any other ideas?
That said, i have voted against the merger and hope that it doesnt go ahead on the basis of the Aleph votes - but its good to be prepared.
Just wondered if anyone can point me in the direction of a broker platform that includes the ability to hold/trade shares on TSX from the UK? My current platforms don't, and other big names also don't seem to offer this.
Whilst i am still not satisfied with the merger deal or cash alternative and will likely vote against it, i need to keep my options open which may involve accepting the new Tenaz shares if the deal goes through, in which case i need to ensure i have a means of accessing and trading them for the future. TIA
I am sure we are not alone in this situation. I will have a look at Interactive Investors, but as i have a number of other holdings with my current broker it would mean longer term that i would be paying 2 sets of fees which again isnt very appealing, but is looking like the only option i have really if this deal goes through. Fingers crossed for us all that another deal comes to the table, but i've pretty much given up hope of any positive news coming out of SDX. The current deal being proposed may have some benefit in the long run, but the 30% uplift from current share price mentioned by Littlened is of little comfort when my overall average holding is currently well over 50% down. I know there's always a risk with investing, but it feels like AIM is the wild west, with companies seemingly able to do/ say what they want with little regard for shareholders whilst the directors line their pockets. Unless there is an unlikely and significant improvement to the management/ share price/ shareholder value then I'll be out of this as soon as i am in a position to minimise and stomach my inevitable losses.
Ok, thanks! Interesting to hear your take on it. Being a fair bit underwater on this i don't have a lot of option really but to sit on my hands and hope a better offer comes to the table, as i think the TNZ offer is far from appealing at the moment.
Littlened.... you may have a point regarding IG, but i imagine that would mean that they are simply holding a certificate for my holding, but i would not be able to trade the shares with them, so doesnt really resolve the issue. In terms of quoting on LSE, i have little confidence at this point that anything SDX do or say has any weight to it.... and that could mean being effectively locked in to shares i can do nothing with for 'x' amount of months/ years. Just a shambles really. I assume at the moment that the merger is going ahead if all motions were voted in favour at the AGM, although i did not see anything specific to the potential merger in the voting? In regard to your comments regarding another bid, on what basis are you confident there is an alternative bidder coming to the table?
Hi all, as a long term holder of SDX, i am currently considerably underwater on this one (as i suspect many LTH's are also). I am very disappointed with the company and had been holding out for the promised 'return of shareholder value' which appeared to have been outlined by means of a share buy back or dividend this year in order to claw back some of my investment. This 'merger' has seemingly come a bit out of the blue and im still trying to make sense of it and the jury seems to be out on whether it is a positive move or not. One thing that is not positive is the likely move of shares to TSX.... my current broker (IG) does not offer share trading on the TSX and has therefore indicated i will either need to close my position (at a significant loss) , or transfer the stock to another broker (which no doubt will also mean i incur additional charges and probable brokerage fees). Does anyone have any experience of going through a similar process or recommendations for alternative brokers if/when the time comes? The whole thing feels like a complete mess to be honest if this goes through, and SDX has proven to be a consistent series of broken promises and let downs. TIA
Yes, id agree with that... doesn't look great and with no information from the company to indicate otherwise, at face value right now it is simply another point of connection to the company disappearing into the ether. Further distancing and isolation of shareholders and investors, and anyone with a remote interest in the company.
I can not get any access to their website.... i understand that it is designed/ hosted by Brighter IR Ltd, London.
https://www.brighterir.com/blog/company-news/what-havent-we-done-recently/
They mention Frontera website design on the above page , but not sure if this is old or new info. They may be able to shed some light on it - could be that FR have not paid their bills, or could be a new re-design in progress.
Anyone with access to L2 any insight into this afternoons' price action? After some good recover and consolidation recently do with think this is just an MM shake to pull some shares back? Or bit a gap to fill? TIA
All very well and good, however, my priority here is getting back some/ all of my money. Are the FCA going to reimburse all if our share purchases and investments? I think not. Therefore I want the company and CP to be held accountable, get this product on the market and get it relisted ASAP. That is why I invested in the company and product. That is the outcome I want to see. Not to have to waste further time with FCA investigations. I am as frustrated with the delays as the next person, but I fail to see how this type of carry on will benefit any of us already invested with money locked in here.
I suspect this may be a final drop my mm's to try and catch stop losses and get some more shares before the US markets open shortly....
Hopefully see things moving again soon. Also, the presentation isnt until tomorrow so still time for further news today, or tomorrow after more of their meetings
Happy with the stability really towards the end of the morning after a very volatile few hours..Fingers crossed for this afternoon then guys, see if we get another tick up... traders back off their lunch, and US markets will be waking up shortly to, so hopefully see a further injection of cash this way from over the pond.
Agreed, i was half expecting a s'peeding ticket' to be issued this morning, but now that it hasn't, it is more indicative of a potential leak of positive information and feeling more comfortable with the security of the rise. Appears to be consolidating well and hopefully another push up later.
Will be interesting to see whether there is another push up this afternoon when the US traders wake up....sure they will have an eye on this after yesterdays performance.
Bit of a tree shake and possibly filling the gap from the earlier jump.....can anyone with access to the relevant data confirm?
Thanks for a more detailed response KingH. I note most of your points, particularly with regard to the company fundamentals, but these have been known from previous updates and have not suddenly changed today. Unless I am being daft, I dont see any mention of lung disease on slide 6? I appreciate the modelling is potentially transferable to other capabilities, but again this has been stated before, and would expect these things to result in a gradual rise, rather than a sudden jump. I dont see anything in there that would justify a sudden 160% increase in SP. I will however be keeping a close eye on this in the morning.
I'll carry on with my research tonight, but on the face of it i can only see the mention of Covid-19 within the RNS as a potential trigger for today's rise. And that reference is grouped in with 'Lifescience companies' , certainly not-specific or seemingly related to Physiomics who we know specialise predominantly in Tumor treatment modelling. Plenty of conference attendance notifications have been made before with little or no impact, hence my significant caution where there doesnt appear to be anything out of the ordinary in this latest RNS, except the Covid reference which is super easy for people to jump on at the moment. Feels very similar to the 30p spike sometime ago which was pumped greatly on relatively mundane RNS that was spun out of perspective. I support the company but i think caution is needed here.
No need for the filter, i have been in and out of this share a few times, and have been positive about the company's potential. I am just trying to fully understand today's rise, which on the face of it i cant, hence why i was asking if i was missing something. I'm not bashing this, and good chance i will be back in tomorrow, but having been spiked once before in PYC then i want as much info as i can - from my reading of available info i am still a bit on the fence as to the justification for such a big rise.