Member Info for Matthew125

But the price is still dropping....

Bump

iweb still haven't paid out on the compulsory purchase. Any iweb holders on here? Have you heard anything from the broker? I only have a small amount with them but I find it strange that they have been so slow.

Its a good point. Once the war is over of course.

I see it as unlikely but the longer the war goes on the more the chances increase.

I honestly thought the the Dundas region would be allowed to seperate and maybe join Russia after sometime. And as much as I would hate for Russia to get anything out of this invasion, this was the clearest path for a peace deal. But the way the UK and USA are talking now, it seems that they are willing to sacrifice every Ukrainian life just to try and give Putin a bloody nose! A long drawn out war or complete escalation seems like a real possibility now, so fingers are crossed that this article has something substantial behind it.

Bad news, filling in the form is the easy bit.

I send the form to HMRC for stamping and didn't hear anything for 6 weeks, so chased them. After chasing, they approved it and send it back to me. The HMRC also send me a self assessment code and told me that I need to submit for the past 2 years because of my foreign dividends (I had stated that they were in an ISA, in the letter and on the phone....), I don't owe anything (cash/dividends are all in ISA's) but it was an additional hassle and they have now sent me a reminder to do a self assessment form for this year?!

Sent the forms/tax vouchers off to the Swiss tax authorities late Feb and still haven't heard anything from them. No cash into my account, no letter, no feedback that I filled the form in incorrectly somehow. Not sure if they is a way to chase them up, frankly I have given up on getting anything and just hope the war will end and the price will go to a reasonable level and I will exit this actually well run company. The administration around the diviends is just not worth the hassle. After finding out that I could have claimed 100% of the withholding tax back by holding in my SIPP, I sold and rebought in my SIPP, conveniently around the ex-dividend date (that is one amount I won't have to fill a form in for!), but what is the point if it is such a pain to get the cash back. I wouldn't buy company not listed outside of the UK or USA now, at least the US W-8 BEN is straightforward and brokers will deal with it for you, plus the cash stays in the ISA/SIPP.

Only just noticed this corp. action! :D Just not been paying attention.

Not interested in 5.9p for my shares thanks. Wonder how many will fall for this. Stock seems cheap to me.

@Matrix Wow, I never doubted your 120k loss in ADV (why would anyone lie about that anyway) but to have put so much in one stock (and such a speculative one at that!) with that account size!? Just wow.

Good luck, wish my limit would get hit!

Yes. option 1 will give you 105p per share.
Option 2. you will keep your shares unless the takeover hits 90% of all the share in which case you will be bought out for 105 regardless.

No news is good news? Considering the drops in values of Russian companies, this one seems to be holding up pretty well! :D (If checking Asset Match)

My first time holding shares in a private company although this whole Russian thing has throw an extra spanner into the works. Probably also lowers the chance of a relisting anytime soon!

I kept hold of 25k or so, just to see what would end up happening. Still got them, they are really dragging this out. Pretty sure at some point a compulsory buy order will go through.

ISA-Ineligible Holding - Update

Name of stock: Poolbeg Pharma Restricted shares.

Further to our recent notices dated 23rd February and 28th February 2022, following correspondence with the company we are reviewing our decision to deem the restricted shares ineligible to be held within an ISA account.

As such, at this time we will not be moving any Poolbeg Pharma Restricted shares out of ISA accounts.

Any in progress or completed internal transfers from an ISA account to a Trading account will be cancelled or reversed by close of business tomorrow. This will have no impact on your ISA allowance.

Please accept our apologies for any inconvenience caused.

Yeah, just useless. But the right action.

Ok, no chance is too low! ;P Lets say 2%.

I think there is no chance that Putin will do anything here. This price fall is on nothing and a gift.

@Alan It is an understandable human reaction. They just want to 'feel' that they are not taking a lost here. Done it before myself and thought about doing it here but you are right currently so many better stocks to put that cash. If you want to try and claw some money back here just put in a limit order for 8p and cross your fingers. I don't see it getting much higher than that.

Interesting jump in volume, this is certainly how bottoms are formed.

and watch for a bottom! ;) Insane move down yesterday but there seems to be an abundance of emotions in the markets currently. I suppose this price weakness could extend into the 60s, lower than that, I don't see how. Got to be good for at least a 110p gap fill.

Find my mind changing again. Good interview with some ideas of how the Russians might act going forward.
https://www.youtube.com/watch?v=naPuZgI53Co

@Edwina I would say that it needs to be over within a month, any more really risks escalation, at least considering how the EU are talking!
Was supprised by the full scale invasion, really thought that Russia wanted to take the Donbass but nothing more. Seems they want full on regime change.
Here's how I see the situation going now, my current opinion only (and it keeps changing!). Russia will surround major cities or take them where they can with light fighting. Seems they want to keep civilian casualties and interstructure damage to a minimum and so once in place this is where I see negotiations probably with China as a mediator taking place. What Russia's demands will be or will they want to break up Ukraine, who knows. Ukraine will either accept or Russia will step up a notch and take the major cites with greater force which would mean considerably more casualties and probably a longer end game and for us, as FXPO investors, more chance that FXPO will end up paying taxes to the Kremlin.
Currently I still hold. My only real concern is if Russia annex Ukraine up to the Dnieper and Western sanctions mean FXPO gets hit like so many Russia stocks. However, FXPO are registered in Switzerland and listed on the LSE and that might have less chance of change than some of the big Russia firms. In essence nothing has changed with the company and I would expect a bounce back once some of this uncertainty is lifted. Get the feeling the sanctions are hurting small retail investors more than the Russian government but suppose thats what you get for investing in 'riskier' jurisdictions.