||EPS - Basic
||Market Cap (m)
|Pharmaceuticals & Biotechnology
Cyprotex Share Discussion Threads
Showing 15376 to 15399 of 15400 messages
|Mine showed up this last Monday approx.|
|Should chase up your broker had mine in December.|
|Still waiting for money from my loan notes|
|No money yet in my account for CLNS.|
|Yes, I have. No information on the calculation, but the money was credited to my Hargreaves Lansdown account,appears to be 1.60 for the shares already converted, + interest pro rata converted to new shares and 1.60 for those.|
|Anyone got the money for their loan notes yet?|
|Money in from the shares but not the loan notes yet.|
|Greetings buywell - I look forward to your observations.
Payment day will be a day of mixed emotions.|
|when the money is paid I will say something|
|I'm gutted this company has been sold. I liked what it was trying to achieve and it's a shame we shareholders will no longer benefit from the growth of the business.
|Thanks Husbod, in addition should receive the 5% pro rata i.e. about a quarter of the annual payment, to cover Sept-Dec of this year.|
|Only all the details about the Scheme and boredom overcame me fairly soon into reading it. Take a look at Mr Phil's earlier post re the calculations and I would have thought that payment will be made either tomorrow when the shares are cancelled or very soon after.
There is a further RNS due out today according to the RNS already issued and that might contain more details.|
|Has anyone received any communication from the company, or it's brokers, about the convertible loan stock?|
|Scheme Court hearing today, suspension of shares tomorrow and cancellation of shares on Thursday if everything goes to plan. So our lovely little UK company will cease to exist in less than 72 hours.
I thought buywell might pop back in with his final thoughts and maybe give us an idea on any other tiddlers in this sector that could prove to be the next CRX.
Not sure when we receive our loot though - should it be in our accounts on Thursday I wonder?|
|saltaire - see RNS of 1/12|
|Thanks MrPhil. That's better than I thought as I was wondering if they would simply return the original capital plus the increase already credited. Presumably the income tax deduction will apply to the additional notes issued in lieu of interest with the uplift in the original take up being taxable as capital gain.|
|Does anyone know the completion date?
|What about where the original loan amount was say £1000, which by this method would give 1,666 Shares however because of interest paid over previous years the holder now owns 1,666 + plus the number added as a result of interest|
|Hi Husbod, excerpt from the letter.
Example of how the Loan Note Proposal will work
If a loan note holder holds £10,000 of Loan Notes (including PIK Notes) he will be assumed to have received the following number of Shares:-
10,000 / 0.6 = 16,666 and two-thirds Shares
The amount paid on redemption of the Loan Notes will be 160 pence multiplied by 16,666 and
two-thirds, i.e. £26,666.67. This amount will be paid subject to relevant deductions for income
|Hi Mr Phil
I think I am still in the dark.
Are we just getting our original cash back (plus a cash equivalent of what we have received since) or shares equal to 60p each which we then get £1.60 each for? The difference involved is substantial.
It certainly doesn't look as if a counter-bid is going to appear so I'm reducing my holding a buying elsewhere. Still keeping a substantial number as "cash" though.|
|Have emailed the company and got an immediate reply with copy of the letter so all is now clear!|
|"Pursuant to and in accordance with the terms of the Cyprotex Loan Notes, the entirety of the Cyprotex Loan Notes and associated PIK notes shall be redeemed by Cyprotex on the Effective Date. Holders of the Cyprotex Loan Notes will receive separate letters explaining the effect of the Scheme on the Cyprotex Loan Notes"
So I guess we wait for the letter.|
|Husbod, sorry I missed your earlier post regarding the loan notes. I'm not sure I consciously opted for further loan notes but then it was no surprise when they were credited to the account the first time so I must have half expected that in the back of my mind! Have we had confirmation of exactly how they are treating the loan notes? Are they being converted to new shares at the rate of 60p each?|
|To anyone sitting on a profit in CRX I suspect you will have chance to allocate the cash realised is an efficient fashion elsewhere in he not too distant future. Cash could be king again for a while.
Looking at the current market I am coming round to the idea that the sale of CRX is the best outcome. They would need more cash for the move and there is a bitter wind about to blow across all the markets that would hit CRX too.
A shift down in valuations would be no surprise so the timing of this exit may be fortuotous - looking on the bright side - liberating cash.
Keep an eye on Evotecs valuation as that will be telling as to what might have happened to CRX. Not immediately but in the next 12-18 months.
CRX, a great British company but not immune from what may be about to hit the markets. You could always but into Evotec in future.|