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Hi MD, thanks for your response. I was in this share a long, long time ago. I've kept an eye out for it ever since, just to see if a sale eventually went through or not.
The latest RNS caught my eye, so I was looking to see if there was an opportunity to buy in below the div price and then get quick money back. Hence, what I saw was a reasonable question. I assume I have missed something then that you have seen?
The same applies too EUA when/if that sells and we know who is buying.
How will they get the money out of Russia to pay shareholders seeing as they are barred from the finance system?
Does the buyer have non-Russian bank accounts?
Just one little issue here. If we have a Russian buyer and money needs to be sent to the UK to give to shareholders, then if sanctions include barring from using SWIFT then you'd better get your wheelbarrow ready to go over there to pick up Nickel or PGMs instead!
(Shareholder since 2016.)
The question for me is, why have they used an 8.33% discount? I know it's in the 5 to 10% range that I've seen is an industry norm, but 8.33 is a bit of an exact figure. Is it because that has been used in contract negotiations with a buyer?
It's my birthday today so please excuse the celebrations but
1. If we get over £1 I'm having Tilly's baby
2. Over £2 I'm having mac's baby
3. Over £3 I'm having Rowka's baby
4. Anything more than than that then Neocantus can have his wicked way with me!
And I'm a man!
Andy,
When they announce the amount of the divi you should expect the share price to go up. This will probably be to an amount of the current share price plus the divi but less a discount. There is a discount because what the market will try to do is to buy your shares off you now, hoping you'll be happy to take that amount rather than wait until the divi qualification date to get the full amount.
When the divi qualifying date is reached then you should expect the share price to fall by the dividend amount. What that falls to though is dependent upon what they announce EUA 2 will look like and what the market thinks of it.
As it stands I'm keeping my shares until the dividend is paid, what happens after that is what I see the EUA2 future to be and how long it takes for a return. I doubt I'll be buying more shares though.
I do believe that Mac's point 5 may be pertinent here. No news release on the sale, divi etc until all licences are in. Not sure how long that would be and I'm quite willing to be proven wrong at 6.30pm tonight or 8am Monday!!!
And there's more....
Rosgeo now own all of Monchegorskoye LLC The next stage towards transferring 75% of it into #EUA’s name as per notarised agreement.
https://twitter.com/RichardDugdale3/status/1455445068517675009?s=20
Update from ACF site.
https://twitter.com/ACFER01/status/1455622926062002176?s=20
Has anyone else seen this in the FT? Whilst I would like to think this is true, the analyst that reckons AMC will be at £10.64 within 12 months must have been on the wacky baccy!
https://markets.ft.com/data/equities/tearsheet/forecasts?s=AMC:LSE
In response to 3) above, a quick Google check says that in Russia dividends attract a 15% tax rate, which can be reduced to 5 or 10%.
On the other hand, the sale of shares in a company that have been owned for at least 5 years, has a 0% tax rate.
I think the BOD would prefer the latter!