Tamar European Share Discussion Threads

[contoul] 09/9/2014 11:05

thanks a lot. Best Regards

[jaws6] 09/9/2014 09:43

edited.
Sharesoc might be good help too.if Barc do not agree as I said in post above.

[jaws6] 09/9/2014 09:42

so ask them to watch out for this further offer as said in RNS.
this notice will be sent no earlier than 3 November 2014

[praipus] 09/9/2014 09:41

I was late voting but was assured by Selftrade that due to the offer being extended and going "unconditional" it didnt matter. I have recieved the money.

I have other problems with Selftrade but this wasnt one of them.

You could try sharecoc.

[jaws6] 09/9/2014 09:40

contul
this might help from below
Compulsory acquisition



As set out in the Offer Document, Lux Starlight intends to exercise its rights under Part XVIII of the Companies (Guernsey) Law, 2008 (as amended) (the "Companies Law (Guernsey)"), to acquire compulsorily the remaining TEIF shares to which the Offer relates on the same terms as the Offer.



As Lux Starlight has received acceptances in excess of 90 per cent. in value of the TEIF shares, Lux Starlight will as soon as practicable send notices pursuant to Part XVIII of the Companies Law (Guernsey) to the shareholders who have not accepted the Offer to acquire compulsorily all outstanding TEIF shares on the same terms as originally available under the Offer. Pursuant to Part XVIII of the Companies Law (Guernsey), this notice will be sent no earlier than 3 November 2014, being four months after the date of making of the Offer by Lux Starlight. A further announcement will be made in due course on the timing of the compulsory acquisition notices.

[contoul] 09/9/2014 09:29

You help please .
I had in my account in Barclays, some TEIF shares.
When asked when I would get the proceeds had the reply:
"The reason you ,ve not been paid, is because we have no record of you contacting us to accept the offer. This means, we took no action on your behalf, and your shares remained in your account. As they,ve been delisted from LSE, you;re no longer able to sell them"
Is that correct?
I thought, when an offer comes unconditional every holder is paid.
Or this in not the case?
Can I do anything or I have to accept what they pretend?

[praipus] 19/8/2014 09:59

Selftrade cash in.

14% loss here.

[alanji] 19/8/2014 09:04

Money in Sippdeal yesterday. Disappointing result. Been in and out 5 times since 2009, all but one at a profit.

[kenny] 18/8/2014 15:49

Thanks everyone. I will chase Barclays.

[tiltonboy] 18/8/2014 15:47

Cash in today for me.

[scburbs] 18/8/2014 12:46

Settlement due 14 days (not stated as being business days) after offer went unconditional on 4 August. That would appear to be today. I have not received anything so far.

"Subject to the Offer becoming or being declared unconditional in all respects (except as provided in paragraph 6 of Part B of Appendix I to this document in the case of certain Overseas Shareholders), settlement of the consideration to which any TEIF Shareholder is entitled under the Offer will be effected by the despatch of cheques or the crediting of CREST accounts within 14 days of the end of the Offer Period."

[flying pig] 18/8/2014 11:10

Not yet in my HSBC ISA account - but should be any day.

[kenny] 18/8/2014 10:37

Anyone received their proceeds or know when we get paid?

[skyship] 03/8/2014 16:59

Yes, the past 10years have offered great opportunities - the massive discounts on Split Zeros, the 40% discounts on propcos and the 40% discounts on many Private Equity Trusts.

Should have done so much better; but that is of course with 20:20 hindsight - who would have guessed that PCTN & SREI would just keep on rising into premium territory.

Another bus always comes along; and I just hope that it isn't another Market crash that provides the new VALUE opportunity in its wake...

[tiltonboy] 30/7/2014 00:23

I have also accepted. Disappointing, but still a positive conclusion.

Just waiting on LSR, and that will be it for my property plays. It's been a good 30 month play, switching from SREI into APT, into PCTN, and then TEIF (sure I have missed one along the way).

Buying on big discounts with attractive yields, is now consigned to history along with cash shells, and Splits.

Now the search for the next opportunity!

[kenny] 29/7/2014 23:29

Agreed. I have accepted the 38.25p and am guessing that most other holders will also.

[sleepy] 29/7/2014 23:01

No sign of any other interest

[skyship] 06/7/2014 13:18

Kenny - I like JIGI - one first mentioned by Tilts some 12-18months ago:

[envirovision] 03/7/2014 16:19

How about IERP, unlikely to be as disappointing as this erm well....

disappointment :)

[tiltonboy] 03/7/2014 11:54

Kenny,

Have a look at MVI. A proxy for holding ETO, but trading on a 40% discount to NAV.

[kenny] 03/7/2014 10:08

Looks like a done deal at 38.25p - no one has stepped forward with a better offer.

Anyone have any suggestions about where to re-invest - either value or yield stocks? I am having difficulty in finding good solid companies at a decent yield or, alternatively, value propositions.

[kenny] 16/6/2014 18:42

A purchaser of TEIF immediately recovers about 13p per share in cash, so this just highlights how poor the price of 38.25p is. Hopefully, some other European property funds are running the numbers - an offer at 5% more, say 40.25p or more, invalidates the irrevocable undertaking given by Weiss.

[praipus] 16/6/2014 15:38

At the interims NAV was 58p...I'm sure Laxey and Weiss were in higher...

[flying pig] 16/6/2014 13:16

Not very good, but the management has not exactly been earth shaking in its progress and performance. I will sit it out to the end in the hope but not great expectation of a tad higher offer......

[kenny] 16/6/2014 09:52

Also very disappointed with the offer price of 38.25p but as it looks like a done deal, I will meekly accept. At a very minimum, NAV is about 42.8p and if the purchaser is able to avoid some of the deferred tax legally, which is sometimes possible, then NAV could transpire to be a lot higher than 42.8p.

I will not sell in the market in case there is another offer but I assume management must have touted TEIF to others and this is the best offer they received. Therefore, hopes of another offer might be slim but I guess we will know one way or another in the next few weeks.