Greenko Share Discussion Threads

[papy02] 31/10/2016 21:19

2.15p per share arrived in Selftrade today, so a good result.

I assume that's it now, for the rump, but have seen no info either way.

[sharpshare] 15/1/2016 13:17

Cash Arrived in TD today.

[papy02] 15/1/2016 10:49

Got mine (in Selftrade).

Typo, why do you say 1.25p is about right for the rump?
(Expected 2p return, albeit with a lot of uncertainty).
I see Weiss is adding to their already large position - wonder if they have better info than we PIs on this?

[eezymunny] 14/1/2016 18:06

Had mine. With 2 brokers.

[sharpshare] 14/1/2016 17:42

Money sent todayAnyone got the cash yet?

[hounddog10] 09/1/2016 12:44

Typo56 - only main market listed companies are required to file on the NSM. Having said that I can never find anything in the NSM. The circular should be in the Rule 26 bit of their website but is not. I too tried to find it.

[typo56] 09/1/2016 11:44

Thanks EezyMunny, I see that now. So 1.25p is probably about right.

I haven't been able to find a copy of the circular they refer to, either on their site (latest circular is 21 Mar 2013) or on Morningstar NSM. Not to worry though. I don't think I'd be a buyer at 1.25p.

[eezymunny] 08/1/2016 23:14

"the Company is expected to have cash resources to make capital returns to Shareholders of up to approximately 100 pence per Ordinary Share in aggregate, with a planned initial capital return of 98 pence per Ordinary Share."

[typo56] 08/1/2016 07:32

Does anyone have an idea of how much cash is left in the bank and therefore what a second return might amount to? It looks like at 30 June they had $6.2m, or about 2.7p per share. I don't suppose that much would be returned, would it?

[poppa wobbler] 05/1/2016 11:50

Ignore my previous. Just started reading the RNSs regarding cash return, etc ......

[hutch_pod] 27/12/2015 15:47

Hounddog, I found it, appreciate the info.

[hounddog10] 27/12/2015 13:45

Hutchpod. The best thing I found was an HMRC document "Income tax: special purpose share schemes". Will come up if you google I am sure (sorry not good at pasting links). It is for the draft 2015 Finance Bill. I assume it went through (these changes normally do) but I don't know. The HMRC doc has a contact email HMRC for an HMRC person who dealt with the change.

[hutch_pod] 27/12/2015 12:26

Hi Epistrophy/hounddog, I didn't realise there was a new law.. can I ask for a reference/link please?

[hounddog10] 27/12/2015 10:45

Epistrophy - I think you are right. However, the new law only, of course, applies to UK resident shareholders. The capital/income distinction may still be relevant to shareholders based in other tax jurisdictions. Perhaps that is the reason.

[epistrophy] 27/12/2015 10:00

Out of interest why are they using a B share scheme? I could be wrong, but I thought the tax law had changed so that these sort of capital returns were now all treated as income.

[hutch_pod] 25/11/2015 17:13

Pretty close now.

[hop53ton] 23/11/2015 15:41

Still at strangely wide discount to the promised initial 98p. Any theories why?

[staverly] 28/10/2015 22:02

Houndog ... what do you mean by the upside is "only" 10%?

[hounddog10] 28/10/2015 18:29

It is indeed rather strange as the upside is 'only' 10%. Hari Kiran Vadlamani has bought £600k worth. It does make you wonder if there is something more than just a £1 - although surely they would have announced it.

They must think it is going to happen quickly. I am sure the Singaporeans will want to get on with it.

[staverly] 28/10/2015 16:17

Incredible situation, looks too good to be true but I'd back Vin Murria all day long, she's as smart as a whip ... never mind the other 3 directors very recent material purchases. Roll on the 9th.

[owenga] 23/10/2015 15:44

Clearly they think getting 98p is a certainty. A nice 10% profit

[hutch_pod] 23/10/2015 15:20

Hefty. So Vadlamani didn't have any shares, and now piled in for 700k at 90p.

[tromso1] 23/10/2015 15:14

More director buying

[hutch_pod] 20/10/2015 17:15

I just took the time to read the RNS a bit more carefully.. :)

[papy02] 20/10/2015 16:24

Their target is Nov completion, with 98p payout within 3 months later, so Feb 2016.

But April may prove to be the more accurate estimate ;-)

From 19th Oct RNS:

... If the Resolutions, as set out in the Notice of Extraordinary General Meeting, are passed the completion of the Disposal will be subject to the satisfaction of certain other conditions which will be described in the Circular. Whilst the timeframe for the satisfaction of the conditions is difficult to estimate, it is currently expected that Completion will occur in November 2015.

.... It is currently expected that the planned initial capital return to Shareholders of 98 pence per Ordinary Share will be within a period of three months from Completion.