Member Info for TheBigEazy

Sintana Energy - SEI (TSXV).

What just happened?

Had a buy quote at 102, placed a limit order at 96, then get a notification the Ask is 115p. All in the space of 60 seconds.

???

TBE

With AJ Bell - no problem taking up Basic Entitlement, but continually getting an error message when requesting Excess. Any one else with AJB?

..... since I first invested in this dog of a share. To be fair, that particular enterprise was very successful, as I realised a 112% profit 4 weeks later.
My problem was I didn't walk away; kept going back, and now have a (consolodated) B/E price of 29p.
Still, change of direction and senior management, almost like being invested in a different company, and salvation, though far from gauranteed, looking more likely than for a long, long time.
TBE

Me too.
Swify must've bought millions sub 1p to be in profit.

From memory, the consolidation was 14 per 100.
TBE

Thought I'd be first to post, but with no substance ..... one last go with this - who remembers Puntland?

Hard not to concur.
Hope you're right about the proximity of better days - a fair wedge of my pension lodged with the Cathcart crew ...... and some with the -16% today Bab****s. Not a great week for me.

D'you think there will be a new FME chat thingy on LSE?
There doesn't seem to be so far ....... though not sure how much interest there will be, for a while yet anyway.
TBE

Hi Swify
As far as I know, you can hold any shares that are listed on an (HMRC) Recognised exchange, UK or foreign, (ASX and AIM are both recognised exchanges) in both an ISA and SIPP. I think before the AIM became a recognised exchange in 2013, you could maybe only hold AIM shares which had a second, dual listing on a recognised exchange, but that hasn't been the case since 2013.
As far as what II will do with your holding, I can only suggest you do what TITM and I have with AJ Bell - ask them.
Hope it works out OK for you.
ATB
TBE

Not mentioned in the communique draft I was sent. I guess they might, but more likely you would have to request the shares to be converted - but honestly don't know. I suppose my main concern was that my share ownership was preserved, and accessible.
TBE

Final comment from me (then I can go back to being a Watcher).
I can see no reason why these ASX shares cannot be held in ISAs or SIPPs. Some providers don't let you, but it's fine with HMRC. With AJ Bell, it seems only to mean you can't trade them online - only by telephone, which I'll live with.
Cheers
TBE

Further to TITM's post, I have now had this from AJ Bell, being a draft of what they are proposing to send to clients;

?Further to our previous communication, we have received an update regarding the Red Emperor Resources delisting event.
The listing of Red Emperor Resources will continue on the Australian Securities Exchange and is not affected by the cancellation. Your shares will be converted to the Australian share register and will be tradeable once the suspension is lifted on the Australian Securities Exchange.
You can expect your accounts to be credited upon receipt.?

No mention of being unable to hold in SIPPs or ISAs (where mine are), but I guess if necessary, it would just be a case of opening a trading account to house them (?). Not too fussed re tax implications - when you've paid 45p for some of them, the chances of the consolidated shares reaching 45 x 7.14 = £3.21 are, well .....
My average is actually a tad below 4p, but if the new shares ever get near 30p, I'd be delighted to exit before profit. :-)
TBE

Nice one TITM - that's more than I've been able to glean from AJ Bell.
not that the half mill of shares I have are now worth that much .......
TBE

Spot on Anne.
Do we think
"the Company is currently evaluating structuring
options with its Nominated Adviser with respect to the enlarged group’s dual listing on AIM."
means they are considering not continuing with the dual listing, ASX only?
TBE

Agreed.