Member Info for Matthew125

@orc You should be using this time to top up. CF gets a bit overexcited and over-promised on the spin out a but, but there is nothing wrong with the company or the cashflow. No debt and CF is heavily invested here himself. Price got a bit ahead but more spinouts coming and with rev. of at least £40m for 2021, I have no problem holding for the LT here. Investment has been done, should turn into a cash machine over the next couple of years.

@ash I had a similar thought, after filling a sending the tax forms. And also partly because the next time I claim, I want the full 35% back, because I'll be buying back in a SIPP! ;D

Errr? Over? Explain?

Didn't bother selling any. Let's see how they treat shareholders once they are delisted.

@ dave You already have been given the ZNWD shares, whether you accepted or not.

I wouldn't worry too much about broker deadlines. They will keep rolling the offer until delisting or they get to 90%. If you really want to exit, I would look to selling on the open market as the price has been trading above the 67.5p offer.

I can. With ii as well. Offer is 68.25p.

You should get another corporate action on IG soon, as they are popping up on the other platforms. As I said before, I suspect that there will be rolling ones (weekly ones) until the shares are actually delisted.

Still the chance a better offer might be offered if they don't get to 90% but that offer could be years down the line and I completely understand if folks need the cash or just don't want the added risk of holding an unlisted share.

On another BoD who want to screw small shareholders over, I'm going to try and hold on to my JKX shares as well ;D but at least on that one there is a high chance of a dividend! Here, who knows.

Yep, just notice the new corporate action from ii.

For anyone still worried about the company going private you should see corporate actions popping up on the other platforms soon. I suspect that there will be rolling ones (weekly) until the shares are actually delisted.

@eviking You really just send a copy of your brokers trading statement! I thought you had to request Tax Vouchers from your broker to send, it took ages to get all of mine. Will totally be trying that next time!

@phil From what I understand, you can claim up to 3 years on one form. Also, form what I read here, it is easier the 2nd time round as you will have a file number etc. Planing to hold for the next couple of years so fingers crossed.

Ok, few tax questions there; I hold in an ISA, so in regards to the ZNWD shares (issued as a dividend) there is no tax, zip, even if you got 100k worth! They will stay in the ISA.

If (big IF now) BCN shares are delisted and come out of the ISA, your purchase price is reset to the delisting price. It will not matter that your average price is 15p, 30p, whatever, you will not pay any CG tax for the shares coming out of the ISA. This, of course, is not so good if you have a higher average. If the shares are then sold at some later time, then CG tax will be paid on the gain from that delisting price, probably 67-67.5p. And that assumes that the gain is enough to be taxable. That is how I understand it but will yield to someone with more tax knowledge.

@eviking Well done getting the payout. Any chance you can answer any of my queries? What did your forms get send back for?

Yes, I wouldn't worry too much though. IF acceptance get to 90% everyone gets paid out. As acceptances are suppose to remain open, I suspect brokers will have to issue a new corporate action. You can quote the RNS to your broker but something will probably be issued in due course. It has been this much of a mess right from the start, you kind of get use to it!

@Fozdog No CG tax for going private. Any gains you have from holding in an ISA will still be protected. Your new buy price will be whatever it is delisted at and of course if it did become possible to sell for a profit after the delisting then CG tax (currently up to £12500 not taxable) would apply. Same with dividends after delisting. If any are paid after the delisting you would have to pay tax if it was over the current £2000 threshold.

In regards to your comment about the same question about 75%, it is shocking that so many still don't have a clue about what is going on here. I am suspecting that acceptances will creep up to 90% now so many retail investors are coming out of the woodwork and this farce will have all been a bit of a waste of time! :(

Can't buy any until I get the cash into my account, so try not to push the price up too quick! ;P

Opps. my bad, theres a full stop my brain inconveniently didn't notice! Thanks tomcat. you really have been on the ball with decrypting the BCN RSNs.

Yeah, RNS says you can still accept up to the 31th but my broker has closed the corporate action. Still incompetent until the end! ;D

@unvrkw, Seems like a good plan. I won't need the money so would be happy to just let it sit there and see if some dividends come down the line. Shares are currently in an ISA so I hope my broker will let me keep them by just transfering the delisted shares to my trading account.

Going to bump this thread up with my questions as well. Please don't report me for spamming! ;)

So, now my questions;
Area 3; I assume my broker details go in here.
Area 4; The postcode of my bank branch or head office? or is it my postcode?
Area 5; Clearly 'Ferrexpo Plc' but what do they mean by 'Name of debtor'?
Area 6; If I added, i.e. no. of share is increasing would I just put the last purchase date of any share I bought? at least, if it is within a year? For all of 2021, I just put 'before 2021' but the entries for 2020 I put '10.01.20' as that was my last purchase at the time.
Also Area 6, col 4; Am I correct in thinking that they want me to look up the pre-div price of the share and calulate the % of the payment?

Grateful for anyone who can give me any advice. I am clearly not an accountant.

Just been trying to fill the form in myself. I can help on a couple of points Gwilerz but could do with some clarifications myself. I don't think the form instructions are particularly clear.

Firstly, yes you can fill for a SIPP claim. You would just fill column 8 in instead of 7.
The tax office to send to is, PAYE & Self Assessment, HMRC, BX9 1AS, this was given by mrowlatt on another thread.
Some of my tax vouchers came with CHF stated, so I used those. For the ones that didn't I used this site https://www.poundsterlinglive.com/best-exchange-rates/british-pound-to-swiss-franc-history
and just used the close for the day.

So, now my questions;
Area 3; I assume my broker details go in here.
Area 4; The postcode of my bank branch or head office? or is it my postcode?
Area 5; Clearly 'Ferrexpo Plc' but what do they mean by 'Name of debtor'?
Area 6; If I added, i.e. no. of share is increasing would I just put the last purchase date of any share I bought? at least, if it is within a year? For all of 2021, I just put 'before 2021' but the entries for 2020 I put '10.01.20' as that was my last purchase at the time.
Also Area 6, col 4; Am I correct in thinking that they want me to look up the pre-div price of the share and calulate the % of the payment?

Grateful for anyone who can give me any advice. I am clearly not an accountant.

Speaking of accountants, whist looking around for advice on this form I came across this little rant, apparently from an accountant on the form 86. Seems a bit over the top (14 hours!) but did make me laugh.
https://www.accountingweb.co.uk/any-answers/is-this-a-swiss-tax-scam

Yeah, wasn't really worth the wait! ;P ZNWD looking kind of cheap now! Actually may buy a few more if they stay under the last raise price.