Member Info for Sparkle1

Compare these two announcements and note dates

https://www.investegate.co.uk/article.aspx?id=202012291347110369K
https://www.investegate.co.uk/article.aspx?id=202101041506404908K

ABC no longer control any voting rights. Zero.

the point is that they have not sold for cash. They have made that clear.

If it helps anyone, this is my read of the situation piecing it together without knowing: ABC have done a non-cash deal - presumably with the PE's buying this presumably for a sum greater than 35p (given their losses) and as they were managing pension funds etc then they are no longer responsible for the IMA (Investment Management Agreement) of their clients. Perhaps they now are a partner in the buyout / have shares in the buyout or whatever - however they have cut a deal so IMHO, this deal will now go through at 35p. The only possibility that it would not was ABC objection - the purchaser has clearly cut a deal. They probably saw that if it did not go through, it would go bust. The debt ladled on it by PE was too great especially in current market. Thus, people have two options: sell now for less than 35p or sell for 35p. That seems to me, to be the bottom line.

Jed... this is simply not the case... i used to run a division of a plc.... nothing will happen now until the deal goes through at 35p. They do have to wait to sell at 35p to get their money as otherwise the BoD will have legal proceedings against them if they sell, get the cash and don't declare. The real debate is can people sell at 33p+ and make up some of their losses rather than wait until the deal goes through at 35p. PLUS the largest shareholder owning 20% has said it will vote against the deal. That is interesting as if it doesnt go through, then the risk of it going under is high - so the largest shareholder needs to persuade another 5% to vote against plus get an alternate in place at a higher price. So I think the largest shareholder is probably looking to cut a deal with the VC's for the other 20% pre vote maybe. But in all events, this seems, to me to be a lost cause. You takes your money now and invest in something else or you wait till January for a marginal amount more.
Ruined by PE and the ex nutter of a CEO punching out his finance director. Lived in hope but now 99% of hope is gone.

why do you think they can sell now at 35p?

IMHO this will go through at 35p or go bust. The reason companies are buying is either to close their short at less loss (as they no longer think it will go bust as they think 35p will be accepted) or because if you have eg 1m shares now you will make 17k by mid january when it rises to 35p. Appreciate that largest shareholder says it will vote against the deal but it seems to be the only thing on the table. No-one wants massive debt they cannot service in current market; that is bottom line. Ruined by PE loading with debt. I was stupid and compared valuation to RAC which was very stupid when i bought in. Kicking myself but hey ho, live and learn. Stay clear of anything that PE has brought back to market. Rule no 1! as all the value has been stripped.

I really hope you filter out Eva and anyone yacking on to them... it will make your screen half green boxes but you will make much more valid logical decisions. It really helps):

Ghia...might have missed this earlier in the day but just reading Money Week and they refer to the Telegraph having Synairgen on a 'buy' at 89p... i quote " Synairgen and Avacta have fallen back on the vaccine news but both are set to adapt their expertise to other conditions"

Mact4: this is a good summary to answer your question.

https://www.moneyadviceservice.org.uk/en/articles/spread-betting-and-contracts-for-difference#:~:text=If%20you%20make%20money%20on,considered%20a%20form%20of%20gambling.

There is not such thing as paying income tax currently on share gains - the gov are meant to be looking into this - at the moment only CGT. The rest of the stuff on this board is nonsense - but dont take my word for it, simply go to HMRC web site where it is all spelled out.

PokerJackson...
In an ISA or SIPP there is no capital gains taz and you can do what you want.
Outside an ISA or SIPP there is Capital Gains Tax on any gains and this is calculated on a) day trading b) 30 day rule c) everything else in the 'pool' The HMRC website is quite clear on this and there is a lot of unecessary confusion on this board between 'trading' and 'capital gains'. There is only one thing: in a share account outside a sipp or isa, you can day tread and pau capital gains on the day gain/loss; then on the 30 day rule then on the residual pool in that order. There is a load of tosh on this board about what trading is. Ignore it. If you day trade and make a profit, you should pay capital gains on that.

Blimey Iceman, all those capitals makes me think of Trump, which is a really horrible thought. I agree tomorrow will be very very interesting. Sadly i had a smoke detector system put in on friday. It went wrong on Saturday and had to be disconnected - random lateral thought... sorry!

Yeah, PJ, SIPPS and ISAS have no capital gains tax at all. You can do what you want.

https://www.gov.uk/tax-sell-shares/same-company

The tax is worked out in order: 1. Day trades capital gain in same company 2. 30 day trading in same company 3. all other gains and losses. On the latter, each buy and sell alters the pooled price for an individual share and the gain loss is worked on the pooled price.... above link shows you the detail. No difference currently between multiple trades in one share or not.

Alinz, thats not correct on shares.. but dont worry as many on the street think Rishi Sunak will shortly bring capital gains and income into line to pay for covid so quote 'everyone' expecting it to change imminently....

agree it was more extreme at end but look really really closely at the trades...

first half mil were bought at 10 to 11 this morning... really stared to rise then as bounced outside its bollinger band at 3 std devs to the upside. Didnt go mental at 20mins before bell.... it was building gradually all day from 11 - if you go to investing.com and click on one minute you can see this and then it started to motor about 4 - difficult to see i agree but that is what has happened. look very closely.

dont think so... 3 ways HMRC look at it.. a) day trading - produces capital gain that day to be declared end of year b) 30 day rules i.e. you sell eg 1000 at £1 and within 30 days buy back 1000 at 80p. The difference is the 30 day capital gain. (think thats is what is happening here, to lower the average on larger losses from the offer price). c) any other capital gain or loss on selling shares outside 30 day period - could be within year or several years later. Unless in SIPP or ISA, when above does not apply. So no, trading is not a business unless you have registered it as a business as a financial adviser etc.

My first reaction seeing the SP tonight was 'Wow; what happened".
My second reaction looking at the volumes over the last month by day and then what happens in the few days after it rises is slightly cautious in the SHORT term....
remember that there are some big funds in here and they bought in above this price. Nov 13 suddenly sees 16m change hands and price goes up 19% between 118 and 144. Then crashes over next 3 days. Todays volume nothing unusual 3.2m, why would that have pushed it up 28%. Dont get it. Something fishy - either a fund playing trading to lower their averages; a fund buying in; someone knows something. But the volumes today quite low.
The longer term guys on this board know i am heavily in longer term - bought in 2015/17. But anyone going 'all in' short term take care as the price movement today whilst really nice, is very odd technically.

Thanks... BtW, i filtered Eva weeks ago (along with a load of others) as my life was not enhanced in any way...