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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dmatek Ld | DTK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 210.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 210.00 |
| Top Posts |
|---|
Posted at 24/6/2009 21:22 by holts Have to disagree Napoleon re self trade , they are to blame , see the info I posted previously , those replies came from Idot Mor at DTK , Self Trade have tried to process the lot in one go rather than transmit the forms in batches , which means those who got on with it and filled in forms correctly have suffered as a result , but to make it worse they re-assured me my forms were being sent on the 18th May (only a month after I returned them), a plague on their house. |
Posted at 24/6/2009 10:36 by taylor20 A bit of smoke and mirrors I suspect, seems to be part of them changing their fee structure - and not directly related to the DTK problems.They have introduced a blanket fee across all their accounts (see below), I guess they have waived it for those people who have a tendency to overtrade :-; Simple Management Fee An annual fee of £35 plus VAT covers all of your Selftrade accounts. |
Posted at 24/6/2009 10:19 by jadeticl taylor20, Is this generosity on the part of Selftrade a direct result of their poor showing on DTK? |
Posted at 17/6/2009 15:58 by holts Thats a pity as my information is direct from DTK themselves and I intend to batter them over the head with it , I do not expect silver service with their cheap dealing etc but I expect the truth and a remote level of competence.extract from correspondence below: Whereas Selftrade indeed filed and claimed teh cash on behalf of many of Dmatek shareholders, Capita had to reject the forms as many of them were not filled right. Selftrade would now need to resubmit the ones that were completed correctly with a new Letter of Surrender for an amended total amount of shares. Their administrators are in touch with both myself and capita to ascertain teh most efficient way about it. It is encouraging that your name is not on the queried forms list, yet I have not seen anything in respect to the filing so I am reliant on what Sleftrade and Capita advises. |
Posted at 11/6/2009 14:43 by gerdmuller Just got an email from IG asking me if I want to roll over my DTK June contract to Sept.Phoned them to ask what is going on and they seem as clueless as the rest. They are still waiting for their broker to clear funds and don't seem to know when that will be. Luckily this is only a small position but still money tied up I can't invest. At least the GBP is at over EUR 1.17 again. That makes me feel better. |
Posted at 11/6/2009 10:49 by mctmct Anyone looking for somewhere to put their DTK proceeds could do worse than look at REDT. Results out today and the share price is up over 60% as I write. |
Posted at 06/6/2009 13:34 by elmfield we agreed that we would post here if we found any other shares that might be worth a look, I have put some of my proceeds from here into LMS capital, they are connected/part(?) of san fransico partners ETC but just what stake in Dtk you get by buying them I don't know, but they look shrewd and one to tuck away at these prices, take a few mins and check it out but as ever DYOR. |
Posted at 06/6/2009 10:29 by mctmct I asked Barclays how many of their clients held DTK (so that I could judge whether their excuse that it was too much effort to carry out a preliminary scan of the forms was credible). This is their response:"Due to business confidentiality I cannot disclose how many of our clients currently hold shares in Dmatek and the decisions for dealing with this Corporate Action were taken as a business decision, which took into consideration the costs and time needed for processing this Corporate Action. As the batches are returned these will then be sent back in smaller batches, depending on how many incorrect forms are included in each batch. This decision was made so that we did not disadvantage our clients who did complete their forms correctly by then re-submitting new batches. Barclays Stockbrokers are an execution only broker and therefore we are not qualified to know what was correct or incorrect on these tax forms. Therefore, we could not have checked these before submission. Further complications have then arisen as the registrars will not return the incorrect forms due to postage costs, therefore we arranged for a courier to be sent to pick these up so we could then learn what errors were made on these forms before returning them to our clients. I'm pleased to confirm your form was completed correctly and has been re-submitted to the registrars, therefore we are expecting payments to be delivered soon and we are currently chasing the Registrars for an exact payment date." The business confidentiality argument is just another way of saying "we don't want to tell you". It can hardly benefit their competitors to know whether they had 100, 10,000 or a million DTK investors. If it's true that Capita have added to the delays by refusing to post back the batches of forms, that's another aspect of this fiasco that the regulator needs to examine. I wonder whose account has held all the unpaid cash for the past weeks? |
Posted at 03/6/2009 20:32 by holts Had a reply from IDIT at DTK , poor lady she must be thoroughly fed up, I have deleted name of twerps concernedhave checked with twice in the past weeks, attempting to ascertain exactly the same, why are forms stalled. Lastly, on June 1st, they assured me that many of their forms were sent of to Capita, the paying agent on Friday. They are aware that they do not have to wait to all beneficiaries to come forward with their forms. I tried checking with Capita if they have the forms in yet, but no confirmation as yet. The practical implications are that if indeed received, the forms will be scanned to me later today, so I should know if your personal form is there. Assuming it is, and filled correctly, checks will go out on the 8th of June, and than it would be responsibility to distribute the funds. I apologize for all the 'if"s and "but"s, hope to have more certainty sooner rather than later. |
Posted at 19/5/2009 11:03 by mrwoo GerdMuller - just wondering: did Barclays tell you in writing that they had your forms, or was this over the phone? If the latter, did you feel confident that the person you were speaking too had really checked your account history - or could it be that he/she was just saying that they had had lots of forms in and had already sent them off? Not meaning to be unnecessarily suspicious, but you were given the wrong information (over the phone?) before and I am a bit concerned that Barclays have twice failed to tell me in writing that they did (or didn't) get my forms. Also, I wonder why Barclays were even bothering to send some of the forms off, when they insist that there can be no money for anyone until all of the forms have been received?FYI, the key extracts from my e-mail from Barclays are: 1. "Dmatek will not send us payment until they have received all the tax forms for our clients .... the deadline they have given to us is September" 2. "[I] confirm [your] payment cannot be credited until the payment is received from Dmatek" So, if DTK won't pay out without all the forms, and if Barclays won't pay out until DTK pay, then the strictly logical (though crazy) conclusion would seem to be that there will be no pay out unless every single form is returned by September. Or, at least, that is the line which Barclays is taking and expects its clients to accept. FWIW, I have sought an assurance that Barclays is taking urgent action with the other parties concerned to resolve this ludicrous situation, but I have had no response as yet. |
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