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Green - general rule first offering to employees paying higher market value most probably means EQT knows something is going to happen.
The other thing, the yankees love when employees are giving shares as they see this a a foundation being laid - incentive for employees for the business to do well but most importantly shares are only given at high position for EQT to offer to all employees speaks confidence - IMO
I look after the LTIP where i work - what a pain it is - but this is great news.
EQT has to purchase the shares at market value or slightly more, they allocate to employees as an award and on the anniversary this is vested, so the value of the shares at time of vesting is what the employee receive i.e. purchase @2.20p anniversary @5.50p that's the value of the share the employee receives. See they are running over a 3 year programme - where i work it's 4 years.
So employees will receive on the anniversary year 1, 33.33% , year 2, 33.33% and 33.33% final year.
here's the great part each year EQT will then have to purchase more shares at market value to keep this rolling on after 3 years - so in my opinion they foresee up growth (the incentive for employees).
Salary increases are usually limited as the shares covers the costs and gives justification limiting increases.
Oh would i love to be a EQT employee right now!
I think the delay in wood might be DP negotiating terms in the best interest of eqtec. Some hard bargaining going on - wouldn't want a partnership on the cheap. Be good to get some good rns,s in before the weekend.
Simms45 thanks for the info, did not know about the 50 recovery loss.
There is a sentiment people are cashing in just in case, but come 3 Mar if no change to CGT should see a good uplift across the market generally.
I'm sure you are all seeing the news on Capital Gain Tax (CGT), bottom line the Gov is looking at increasing in line with normal income tax and could take effect immediately.
If you have made a decent profit (not just on EQT) you would want to sell some to only pay the current 10% or 20% tax rather than 20% or 40% if this goes ahead in the budget.
Truth bit it if it does go ahead and once in place it becomes the norm as most things as there's no other option but will have to wait until the 3rd March (budget day) to find out. On the flip side if there is no increase of not as high % people will start pumping money into shares again - IMO.
I remember when this came up a couple of weeks ago and someone mentioned that if you take profit leave in you trade account and reinvest after 30 days this will not be counted as a profit anymore - can someone confirm this is correct?
This might also explain the quick £25K + buys we see and then followed by the quick sell making a small loss but no longer subject to CGT - or i'm I barking up the wrong tree.
Some people are kicking them self for selling yesterday and now buying back at higher prices - this is too good to sell anything.
Always some bumps along the way but just look at the trend line from December and you will see has never gone below support - that is strength.
Bought 4 times last week and twice yesterday - wish had more money to buy more but need to control myself!
DerSack, Sorry need to comment to DG12.
DG12 - you are a sad case, go back in the hole you crawled out off. At least the person placing the 11 mil trade if true got balls, more than can be said about you.
The world needs muppets like you, so we can remember that clever people exist and have dignity.
Be good to get a RNS tomorrow followed by one on Monday, breakthrough 2.76 sp and upwards with RNS Monday.
I'm that confident in this topped up 4 times already.
Hang tight only a matter of time before the real move happens- imo
I have seen this before when the market expect some good news, those heavy traders sell off so they can push the SP down to trigger stop loss and make others head for the hills. Then massive buy backs - imo or we need to get that grey cloud Aries out of the way! Have top up again today and even yesterday - good things are due very soon... imo
WITHOUT oral argument" "the hearing on same is VACATED and the matter will be taken under submission as of that date"
Sounds like a decision to be made or date to be given to dismiss, if it goes our way, and announce today done deal, if date given to dismiss, also done deal, just formality. Markets/investors will take it as close case- imo
has deemed the MOTION TO DISMISS, Doc. No.16 , noticed for hearing on 1/25/2021, before District Judge Anthony W. Ishii, suitable for decision WITHOUT oral argument pursuant to Local Rule 230(g). As such, the hearing on same is VACATED and the matter will be taken under submission as of that date. Minute order signed by District Judge Anthony W. Ishii on 1/19/2021.(Gonzales, V)