The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Hi. Just out of interest what will those who hold these in an ISA have to do? Will they have to sell them or can they be transferred into, say, a dealing a/c? The reason I ask is because if they have to be sold there could be plenty of MTA shares being offered for sale via J P Jenkins if many hold MTA in an ISA? That could depress prices and enable prospective buyers to pick up shares on the cheap? tia
If you are that unhappy with MATRA you will soon be able to sell via J P Jenkins as soon as they de-list. I'm sure you will be able to find a buyer though at what price? That's the big question. I think the price you are offered by a buyer will be under the pre suspension price, bwtfdik?
I didn't see the reference to a possible re-listing on a North American Exchange. I only skimmed through the circular BECAUSE I'M NOT INVESTED IN MATRA!! Ok? I have no real interest in MATRA now, but did hold for 5 years prior to the summer of 2012. However I believe MATRA will re-list in the future, whereever it may be. Why? Because it will be easier to raise money via a share placing if a company is listed on a recognised stock exchange. MATRA currently has no debt so it is not going bust anytime soon. PS I don't know what will happen to the MATRA sp in the future. I'm NOT invested here and was criticised on this bb (and one reason why I stopped posting) back in January for predicting that the MATRA sp would re-list at less than 1p based on comparing MATRA with similar companies listed on AIM (CAZA, NTOG, MAGP, PANR, etc) so you can hardly accuse me being bullish on MATRA. However I do believe it's 99% CERTAIN they will re-list in the future because they want to grow and make acquisitions. To do that they really need to be listed so they can raise cash via placings. Ok?.
So it looks like you WONT have to transfer your shares from your broker nominee a/c to trade via J P Jenkins. Good news for nominee holders. Thanks for setting me straight on that point.
If you hold the MTA shares in your name then MTA will know how many shares you have because you will be on their share register. Presumably you will have to tell J P Jenkins how many shares you hold and the price you are prepared to accept for your shares. I must admit I've never used the J P Jenkins facility. If your MTA shares are held in a broker nominee a/c you will not appear as a shareholder on the MTA share register. The broker will. To sell your shares through Jenkins you will have to contact your broker and get the shares transferred into your name. They will obviously charge a fee for that. How much I have no idea. Maybe as much as £50 or as little as £20? It will depend on the broker.
Presumably you tell them!!
A North American exchange makes sense, seeing their assets are in the USA. However I wouldn't rule out a re-listing on AIM, as an alternative or in parallel. Many AIM companies are also listed on the TSX.
You can trade on many foreign exchanges, such as TSX, through TDWaterhouse (now TDI Direct Investing). No problem, though there is probably an extra cost involved. Seeing that MATRA's assets are now solely in the USA then an AIM, or North American exchange, is the most likely option for a re-listing. PS: BBB's violent threats were uncalled for and completely irrational.
Good post again. It's looking 99% certain that MATRA will re-list in the future (if everything goes according to plan). Whether it will be AIM again (TOM re-listed on AIM after de-listing from AIM) or an overseas regulated exchange (or unregulated exchange such as GXG) we have no idea at the moment. I'd put my money on an AIM re-listing.
"Can you now tell us all how this will end up? :)" I think even Mystic Meg would shy away from making predictions on MATRA's future!! LOL.
As I predicted!!!!
STAV is correct. You must stop threatening extreme violence on a message board. Anyway you bought MATRA shares. Nobody forced you to. You must accept responsibilty. What's happening to MATRA could happen with any AIM listed share. Anyway who really knows how this will pan out in the future? Nobody who posts on this bb that's for sure! There is nothing fraudulent about what MATRA and Barskiy are doing. It's all appears perfectly legal and legitimate. You took a big gamble by investing so much money in an AIM listed company. Unfortunately the actions of most AIM listed companies disappoint their shareholders. You get the odd stand out performer like ASOS, but most turn out to be dogs.
Very good post.
Hi. Yes, PH and NH didn't cover themselves in glory whilst in charge of MATRA. Nor did Delek as the major MATRA shareholder at the time. One could say that the A-13 appraisal well result was unlucky, but basing the positioning of the A-13 well on known unreliable old Russian 2-D seismic cast doubt on the competance of the Little and Large of oil exploration.
Sensible post.
I don't believe your shares will be worthless though I suspect you were only joking. They will possibly arrange something with J P Jenkins who offer a matched bargain service for PI's to trade unlisted shares. If they don't mention you could mention it yourself at the meeting.
I'm Ok. Still in the land of the living!! lol. I hope you and the rest of the MATRA PI's are reassured after the meeting on the 23rd. Are you going to attend?
Even if holders did as you say and phoned MATRA they could only offer a few platitudes and point you in the direction of the latest RNS.
Yes, superted, he does make very valid points in his post. Shareholders could eventually come out of this smelling of roses.
Hi mate. It's beginning to look like the refusal of both Winpro and Tricon to agree to 12 month lock in agreements is a rather convenient excuse to take MATRA private. After all surely MATRA's Nomad would have warned MATRA's BoD of Rule 7 at the time the RTO procedure started, pre the RNS dated 31/10/13? Surely that's what Nomad's are for? You haven't lost your money and the company has no debt so it isn't going bust. However it's a nightmare situation for those with substational amounts of money invested in MATRA who would have liked, or needed, the opportunity to sell their shares in the near term. I hope it all turns out well for PI's. PS. I don't imagine that contacting and complaining to the financial media will be of any use. I very much doubt they will be that interested and even if they were I doubt it would cut much ice with Barskiy.. After all fraud is NOT involved. Barskiy and the MATRA BoD are doing nothing illegal. They are breaking no rules.