Bglobal Share Discussion Threads

[hpcg] 03/3/2016 21:41

The company is still a company according to companies house: so we just have to wait for the final reckoning.

[weatherman] 03/3/2016 18:10

Is the hold up due to a tax settlement ? I guess they had accumulated tax due from losses ?

[papy02] 03/3/2016 16:15

Nope ( Selftrade)

[langland] 03/3/2016 15:44

I believe we are still due 0.8p per share. Has anyone received this yet. I am with HL and have had nothing.

[weatherman] 15/2/2016 19:35

I see the website has gone...

[orange1] 28/1/2016 12:10

In the New Year.

[weatherman] 28/1/2016 11:18

So when do we get the final payment?

[hpcg] 03/12/2015 18:57

Get in. I wondered why the shares had not yet been cancelled.

[flyfisher] 03/12/2015 17:32

From my broker.

Liquidation Effective date: 17th August 2015 Please be informed that Bglobal PLC entered into Members' Voluntary Liquidation appointed Philip Watkins of FRP Advisory LLP as a joint Liquidator under Section 110 of the Insolvency Act 1986. This became effective on the 17th August. Following the effective date, the liquidators have now made 2 cash distributions to shareholders, one on the 17th September for 1.8 pence per ordinary share and a second for 0.83 pence per ordinary share which brings the total distribution to 2.63 pence per ordinary share. A final nominal distribution for the remaining balance, estimated at 0.8 pence per share will take place in the New Year.

[orange1] 03/12/2015 17:12

Good news! A final payment estimated at 0.8 pence per share will take place in the New Year.

[hpcg] 30/11/2015 11:34

It is a return of capital

[weatherman] 29/11/2015 19:08

OK - so that's it...in terms of tax, should we treat the payments as dividends or capital gains / loss ?

[hpcg] 27/11/2015 14:20

It achieved what I wanted - the deals I made at the beginning of sept 2014 yielded me over 21% in 14 months at no risk of not at least getting my money back.

[pscambler] 27/11/2015 12:56

where are the accounts? Less than originally envisaged. BTW agree re Barc - I keep telling them! Rec today though.

[papy02] 23/11/2015 15:05

not in Selftrade yet either

[hpcg] 23/11/2015 14:43

Holders with Barclays Stockbrokers won't have done as their corporate actions team is useless. Expect it about a week (or more) after everyone else.

[cameo4] 23/11/2015 11:58

I have received mine. we got there in the end.
just waiting for Helius Energy now.

[orange1] 23/11/2015 11:25

Final payment of 0.83p per share should now have been received by all.

[cameo4] 29/10/2015 14:20

i phoned the liquidators only this morning. it is still waiting for HMRC clearance. they hope to put something on the website.

[weatherman] 29/10/2015 13:56

Are we not over due the final payment - stated to be around a month after the first. i.e. 22nd Oct. ?

[flyfisher] 07/10/2015 09:35

The company had around £5.3m at the beginning of the wind down. The next distribution should provide that about £2.9m has been returned. It will be interesting to read the accounts to understand where some of the cash has gone.

When and how do shareholders get to see completion accounts ?


edit - I rang the liquidator, who advised that the process is still delayed, awaiting response from the inland revenue, and that it is hoped that the final distribution will go out later this month. A letter will go out to shareholders regarding the accounts in due course.

[weatherman] 03/10/2015 09:06

For all the ups and downs, having bought initially at 46p, and then at a low of 3.65p, I came out with 1.5k profit.
When are we likely to get the other 0.9p..?

[vatteton] 18/9/2015 16:49

Well guys I think that's just about it,
I have quite enjoyed this thread, no silly nonsense just good straight forward banter over the last four years or so..
I believe BGBL was a company far ahead of it's time..
Time to move on and maybe see some of you on the CPX thread.
(No ramping intended)
GLA..

[vatteton] 18/9/2015 15:03

Orange1
no,sorry to mislead. 0.9 of one pence = 2.73p or there abouts..
The proposed first payment has been reduced to 1.83p and for
what it's worth I am far from happy..

[vatteton] 18/9/2015 14:56

hpcg
edited, IG..