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Afternoon,
I have been liaising with AJBell Corporate action team and they have now confirmed that they will be moving all
clients on the platform across to the new listing automatically.
So no action is needed from us and they will convert the LSE:RMP into ASX:RMP.
Thanks
TITM
If they can't be converted and held as Oz in ISA, then they would not be ISA eligible and would need to be transfered to a dealing account within 30 days.
If they relist at a later date, they could be ISA eligible again but it would require to use a new ISA allowance (current tax year), they would not be part of the previous years' allowance.
I hold quite a few unlisted shares and I have no issue with them as they are part of my overall strategy. The reason I derisked my RMP was to protect my ISA allowance built over the years...
TITM
So if the Oz shares can't be kept in ISA, whatever ISA tax free value would be lost as the shares would have to be transfered to your standard dealing account.
My understanding is that you can convert them;however, it is unclear whether the Oz shares can be kept into your SIPP or ISA.
I guess you are using Youinvest too :)
I'm glad I had massively reduced my position as I would be really annoyed to have lost the ISA eligibility for the full thing!
I will be emailing them to understand if it would be possible to convert to Australian shares for both the SIPP and the ISA and to keep their respective eligibility. If anybody has already talked to their brokers, I would be interested to hear their answer.
TITM
Even if new shares get re-issued, I am unsure what would be the impact on the SIPP or ISA treatment of these.
I consider my RMP as wiped; if something comes back from it great but I am not convinced.
TITM
If so, then: "All hail Saadatt!"
But personally, I think that it is pretty sad to believe that share price increase is only due to him taking a position.
This reminds me of the RUM days for RRL when lots of punters were hanging to JR every movements; so I hope traders won't get blinded by the rose-tinted views as the people behind RUM made lots of money by trading at the expense of the everyday punters.
TITM
If you stop advertising your telegram group every other hours and every Saadat moves, it would help getting back to a normal discussion here.
I, for one, could not care less to know whether he buys or sells and I am really hoping hoping that people are not going to be following him blindly or any other trader for that matter...
Do your own research and make your own decisions.
TITM
If you stop advertising your telegram group every other hours and every Saadat moves, it would help getting back to a normal discussion here.
I, for one, could not care less to know whether he buys or sells and I am really hoping hoping that people are not going to be following him blindly or any other trader for that matter...
Do your own research and make your own decisions.
TITM
Personally, I don't have any concern regarding the funding need as with Zubair and with the right seismic, it will get sorted.
My only concern right now is the licence as I expressed earlier this week; however, I like the recent Governmental news, which are hinting at becoming more investor-friendly...
Let's see.
TITM
Price may drop back again but as we know, this one can decide to move quickly so bought another 1.5M in ISA early doors. I still have some concerns (i.e.: licence, etc.) so not planning on adding up further for now and I haven't decided whether I will keep this tranche long term or flip quickly.
I don't trust IG anymore so I re-opened it at market into my standard dealing account. I have only a very small SB let with them and withdrawn all my funds.
I did keep the AEX SBs open until Monday as I was hoping to make the spread back by closing the SBs higher but position was a bit large so was concerned that at what price they would close me automatically on the 29th...
I finally closed Monday the IG spreadbets as this was going sideway and I did not want to risk holding until the last minute and let them close them for me...
Ah well, the equivalent position is the dealing account so no complaint on the rise; except that now I will have to pay CGT...still a good problem to have.
TITM
"But the real killer her is the total mishandling of timing and communication by IG which is going to ensure they are no longer trusted in the community."
@bucklerfern
You are spot on there. I have been using my SB account for the tax-free benefits only...
I have re-opened the AEX positions (short term SB ones) in one of my non-IG dealing today and will stop using IG for such benefit. I did not think they could do that with such notice period nor within a contract (i.e. Jun-21) so really disappointed by them. Customer services answers were poor too so all SB positions will run until end of March.
TITM
https://hotcopper.com.au/threads/ann-suspension-from-official-quotation.5866823/