Officemanager - I did not do enough research before jumping in here (actually I did some research before on BZT but I foregot it) and compounded my haste by doubling up too! The positive is that my average is just below today's closing price. ATB
Major Shareholdings On 24th January 2020 the Company announced it was notified that the ultimate beneficial holder of the 239,000,000 shares in the Company, then representing 18.82% of the company’s issue share capital as reported in the Form TR-1 submitted by Tavira Securities Ltd, as announced on 6th January 2020 is Sanderson Capital Partners Ltd. This shareholding now represents 7.99%.
Corporate Governance
Audit Committee: Dr Evan Kirby and Mr Colin Bird Remuneration Committee: Dr Evan Kirby, Mr Ronnie Siapno and Mr Colin Bird
I have never done a NT trade and I have never owned 5m shares before. I switched to an on line dealing platform around a year ago so don't have the benefit of contacting a broker about trade prices. These chat boards can be good for sharing information and views. Check my posting history to see that I am a genuine poster.
I am concerned about getting ripped off by the MMs so I am wondering if anyone with more experience than me has done a NT trade. I know about limit orders. However, my trading platform is purely real time on line dealing so with 'NT' I have no idea of the spread and the options are either opt blind for whatever price the trade is executed or cancel . With BZT I have been able to accumulate shares but not to sell as it goes to NT. Trading in smaller parcels of shares means losses to dealing costs etc. Not talking about big sums of money but significant to my pot of funds. Anyway thanks for your replies.
Negotiated Trade: LSE uses an Automated Trading Service (ATS) to execute real-time online deals. Restrictions imposed by the ATS may mean that certain stocks or order sizes can not be traded automatically.
If this is the case then there is the option to place a 'Negotiated Trade' order. This means that a dealer will manually execute the order as soon as possible and at the best price available in the market at the time of dealing.
Can anyone who has done a negotiated trade please explain what actually happens as it seems that is what is required to trade over 1m shares?
Rees that is exactly what I am doing and here is a real example. I had to gamble with many UFO shares (six figure) to make it worthwhile re spread and dealing costs. I sold UFO at 1.5265 and 1.4517 and bought BZT at average 0.2777 . After buying BZT holding immediately went negative for days and I am only showing some paper profit by last Friday. If I had reversed the transactions on Friday I may have been able to buy more UFO shares than I originally sold (perhaps needed to pay at a higher price than when sold). With hindsight lucky to get the timing right but it is a very risky transaction with risky AIM shares. Basically, a very big gamble which I can afford to lose because I still have more UFO shares at a low entry price . Seems to me that it is best to attempt this when you have already got in very low in a share and are sitting on quite a lot of paper profit. Think about it very carefully and good luck with whatever you decide.
Do you have a share certificate or are your shares in an HSBC nominee account? If the first you can vote your share direct; if the latter case you need to tell HSBC that you want to be sent all company investor documents then you vote your share via HSBC.
@Racing not having a go but trying to categorise holdings is a minefield and you may be falling into the same mistake as the people managing the DGXJ some of the IIs hold moninee accounts on behalf of PIs so the general public (free float) could be higher percentage also IIs holding under 3% don't need to be declared.
I asked because the notice states you need to be on the register of members to attend - so might be able to register for meeting but will they allow access to the meeting on 8th December?
"Entitlement to attend and vote 1. Pursuant to Regulation 41 of The Uncertificated Securities Regulations 2001 and paragraph 18(c) of The Companies Act 2006 (Consequential Amendments) (Uncertificated Securities) Order 2009, the Company specifies that only those members registered on the Company's register of members 48 hours before the time of the Meeting shall be entitled to attend and vote at the Meeting. In calculating the period of 48 hours mentioned above no account shall be taken of any part of a day that is not a working day".
I will be voting via my broker in due course but all my GGP shares are held in an S&S ISA (nominee account) so does that mean I cannot register for the virtual meeting of the AGM?