The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Merlin, agree I left aim for a 3yr + break as it's mind blowing I have just one holding (GGP) after reading up etc. But as a very small investor I don't play the buy and sell game . Just want 26p . And with freetrades email yesterday my heads starting to go again..
Responses like the below make me sick from freetrade
And we only lend your shares to well-known banks, like the ones that hold your money and investments in the first place. ??
And
If you do not consent, you'll still be able to sell current holdings and withdraw cash, just not buy any further holdings.
In other words say yes and agree or eff off
Does anyone know if my shares are loaned out and I go to sell do I get the trade there and then ?
From June 22.
We’re updating our terms and conditions for all Freetrade customers. We’ve included the most important information in this email.
Summary of the main changes
We’ve added a new section on securities lending, a new revenue stream for us that will allow us to keep our fees low and support further improvements to our product and services as we scale. We only lend securities held in a GIA or a SIPP. Securities held in an ISA will not be lent out.
You will receive a push notification to review and accept these terms. We request your acceptance by 1 June 2022 if you wish to continue using your Freetrade account(s).
We’re also adding an additional foreign exchange provider and have updated our terms to reflect this.
More on securities lending
What can Freetrade lend?
By agreeing to these new terms, we can lend any shares held in a GIA or a SIPP. Shares held in ISAs will not be lent out.
To begin with, we will only be lending UK-listed shares. We will look to expand this in the future so that we can also lend out shares listed in Europe and the US.
Will anything change?
These changes will have little impact on how you use the app.
If your shares are on loan and there’s a corporate action that we support, we will recall your shares before the record date so that you’re able to participate.
You will still receive dividends and be able to buy or sell securities as normal. However, you may notice a new section about shares on loan in your monthly statement.
How am I protected?
When your shares are lent, we arrange for high quality assets (like government bonds and cash) to be held as collateral on your behalf that are greater in value than the shares on loan.
What are the risks?
As with any financial transaction, there are risks, but we also take steps to manage these.
If for any reason the borrower can’t return the shares, Freetrade will be holding the collateral on your behalf. In this case, we would sell the collateral and take all reasonable measures to return the shares to you.
We also monitor the value of your shares and the collateral on a daily basis and require the borrower to provide additional collateral where necessary.
So previous close at 16.90 on here and other platforms is far greater than today's fluctuations of 16.20, 15.96 etc.
Was it not 16.90 close?
Hi all, what today's analysis of the share price dropping. Obviously hoping for a rise like everyone but what is people's thoughts on how this is being played
GLA
GLA creeping to my average too
Supermac and Hibbett
Regan and Carter
Timbertrader, absolutely priceless response made my day. What a come back Plod.
Sandgrounded, best of luck. It's good to keep us informed so some on here don't start a discussion about the 400k. but you still hold an amount many of us can only dream of family first, then yourself.
We might not have a planet left to spend our gains . God bless everyone and stay safe.
Wasred15, very funny I like it. You are very clever a true wordsmith. I doth my cap.
Bamps I'm not good with words. And had bad experiences with AIM and we we all know only a small percentage of investors actually make a living or fortune on AIM. I took a big break from AIM and LSE board. GLA
DRG, I thought CEO'S etc did not communicate with individuals and private emails etc I was wrong.
Bamps and Tig - really sorry I never known CEO's to respond as I thought anything sent would be seen as insider stuff and not in the public domain. And thought they were not allowed to talk to or discuss . I am wrong and sorry for that.
Hi all, very sorry on wanting clarification of Information are ggp on Oz hours? Probably if someone emails at 4am and gets a response. Been burnt before with pub grub meetings and talk of £1 parties etc. Only to be still in the pennies 7/8 years or more down the line. All well and good if we hold a unique wheel to a unique car but seems like that wheel in not required yet or are they making a new wheel where ours is worth less or nothing.
Antiqua18 . What was you email to them and their response?
Yeh, I don't believe it. But that's me ... just need clarification on it's authenticity. Personally this is going to drag on and on until we need to raise or give up cheaply.
Hi David & the Stag Gang,
Copied the whole content of this post and sent to ggp, what response am I going to get? With what's going on in the world right now it would be beneficial to be on another planet. But not the planet where this post has come from.