ah, v sensible, just back in from tennis & dodging raindrops and see that sunak has announced stamp duty changes are with *immediate* effect.
that’s very helpful, as otherwise ran risk that some sales already under way would suffer from buyers trying to delay or pull out if he’d announced e.g. stamp duty holiday from autumn. (sunak seems surprisingly competent, so far, in a very tough scenario. i am not convinced javid would have done so well; i think he’s a decent enough fellah, but not got same smarts as sunak.)
indepth, just a bit of portfolio management and risk management ... very nice profits from SMT, but that means it is edging into being a higher %age of my p/f than i want, so i slice to keep it in proportion. can’t really run a sensible long-term p/folio without something like this to have a footing in those really big growth stocks, but there remains the risk of sharp correction at some point, US vals so high.
gmf, it was del, not me, who raised the issue of sinosteel contract activation in his 19:09 post. so you may think sinosteel is of “little relevance”, but del seemed to think it was relevant safety net/ plan B.
it’s hard to know when they would run out of cash unless they provide some financial data about current production figures & sales from WK.
re activating the sinosteel contract, sure, *might* be an option for them, but again it’s hard to know unless they clarify what the conditions are for activating that contract with sinosteel. do you know what they are?
“The contract is conditional on, *amongst other things*, the Company receiving all the necessary permits from the government and therefore at this stage there is no guarantee that the transaction will complete.” (RNS 10/10/16, emphasis ** added by me.)
best way to pick up the assets on the cheap would just be to wait for it to run out of cash. - cashburn remains significant, with no figures produced to show that WK is generating any meaningful +ve cash flow. (if it was, they would have said, imv.)
a month or so to go until the delisting date, unless they manage to secure an extension, or unless they finally manage to fess up about what was really going on with CITIC (if anything). i guess that AIM will be pretty generous about granting extensions to companies where covid19 is delaying whatever needs to be done to resolve a suspension. ...but hard to see why covid19 would be making any difference to this company coming clean re CITIC, imv.
it is probably wise to assume that HMRC sometimes use information posted on these boards to investigate, trace & evidence significant undeclared liabilities. (probably not frequent, but it has been known.) LSE have a duty to cooperate with regulatory authorities & government agencies including HMRC. ... sensible to remember this board is public.
if you have EUA shares in an ISA, but then there is a takeover which includes some payment in shares in a newco/ otherco, then yes, those payment shares will sit within your ISA, ** providing ** that they are shares which are eligible for inclusion in ISAs to begin with.