Member Info for oilmagnet477

typical of LSE reporting to go off wack just as we get some excitement!

Should be 0.115
0.12 paid up to and after close

gone to pot this afternoon!

Drop in % due to placing shares after Monday's GM. Not sold

you could have at least paid the trading fee ;o)

Circa £3m MC today?
Look again, it is double that!

Can't disagree with the sentiment of your post but do not automatically assume he will trigger a TR-1.
He already triggered a >3% TR-1 back last year. Given the added shares since then, he could take a significant number of shares, whilst still maintaining his overall %

We may well get details in the forthcoming RNS (following tomorrow's GM) that the placing has taken place successfully and the following existing shareholders took part - we may even be given quantity details but as I say, don't hold your breath for TR-1s.

( comedy genius an al ??)

Did you really mean to put a space in there or is it a typo?

I am declaring myself 'out' before I go any further. I assessed my miniscule holding before the split (105k shares in old KRS) and determined the transfer of calidus shares would be worthless after all the advertised costs etc. I sold for an £8 profit (lol - a first!)

This debacle (that is what this has turned into) is an utter disgrace! I have no doubt that DR and RL thought that this was a great move for shareholders of KRS but the way this has been handled has been simply staggering in its' incompetence.

I don't know who is at fault at the end of the day but SOMEONE needs to step up and take responsibility. DR has got his gold project separated from KRS now, so apart from his residual holding in KRS shares (which he isn't going to sell any time soon I'm guessing) and therefore will happily watch this sort itself out over time.....

It really does make you wonder WTF is going on. Isn't this the sort of thing the FSA should be all over? Seriously, if Carlsberg made beer like KRS do company capital splits, it would taste like **** - oh, hang on, it already does!

The fact that I could now buy nearly 3 times as many shares with the same cash after I sold totally removes the 'benefit' of the Calidus shares IMO. For a miriad of reasons (not least a dick of a son who wrote off his/my! car after 3 months of driving), I can't now take advantage of these 'fire sale' prices.

RL has some questions to answer - after all the talk in advance of the split, where is any news??? Just because it has been raining a bit for 3 months, has Russell achieved absolutely nothing noteworthy???

I remain positive for now on the prospects here but I have to say (and I appreciate I am an ex holder) the credibility that I once took as read, is looking somewhat shaky.

GL all and a belated HNY

Great potential for Weshop but for Hoover.....

....that sucks!

£5.98 is what TSI have invested into WS -same as the latest £2m raise by WS - ie there heas been no devaluation of WS shares over time.

BJ - Get in to Politics (Quickly). I'm sure you'll do better than the other BJ and if you can talk out of your ****, then you are a shoe in for Westminster life.

Go BJ - you'll get my vote

Well Stone me! Your jokes just keep s(l)ipping to unimaginable depths

For 'sipping' read 'necking large volumes' ;-)

Only sipping I do involves Beer or Wine. Pension tied up elsewhere - best where I can't **** it up!

JT - fair enough but if you had Bed and Isa'd the KRS since, on divergence, KRS would have remained in ISA irrespective of what happened to CAI element. Not trying to tell anyone what to do but anything to legally avoid (even the potential of) tax has to be done IMO. GL

should be holding KRS shares outside of an ISA (assuming you are UK based?)
that's just mad - a tax free wrapper - use it!

Annoyingly, the transfer of value to CAI shares is unlikely (?) to be ISA eligible - there's the rub I guess

CGT applies to any capital gain (over the annual allowance threshold - last I looked it was £11k I think)

The KRS SP at the time of the demerger was about 0.45p - therefore I'm using a 50/50 value split to provide an example.
Assuming you had 1m KRS shares, the value at split of your PF would have been £4500.
That has now changed to:
1m KRS shares at a nominal value of 0.225p - £2250
345196 CAI shares - attributed cost of acquisition of £2250

This is ALL about what your broker has been told to attribute as a split of the value of KRS shares at the time of the split.
One assumes you all know what your average cost was to acquire your KRS shares PRE Split.

Lets assume you had a average of 0.7 (not to hard to imagine!) - that would result in a true cost of £7000 for your 1m shares.
Therefore, £3500 for 1m KRS post split and £3500 for 345196 CAI shares. As long as you have documents to support your average, how can the HMRC determine a Profit? Especially at current SP

Bass - he asked on the 21st (ie after Calidus split) and claims to have bought thereafter.

First - missed out on 'free' de-risking Calidus shares and
Second - didn't wait for the dust to settle on the split before buying.

If I was being generous, I might say unlucky. However, as a realist, I say either a de-ramper or a poorly researched short piece of flat timber

"more than you have done"

Best to know what you are talking about before making yourself look like a total ****er

Denby69 on 21st Nov:
"Have this company got any proven assets" yet claims to be invested? Go figure...........