Ediston Property Investm... Share Discussion Threads

[hindsight] 19/1/2024 18:31

Thank you Spectoacc, I emailed and then they credited it. Rolled some into CREI

[spectoacc] 19/1/2024 09:13

Arrived on Wednesday at HL, who've now adjusted the EPIC portfolio price to zero.

I've not much faith in IG.

[hindsight] 19/1/2024 09:09

Anyone received the cash yet and more specifically at IG brokerage ?

[spectoacc] 18/1/2024 10:15

Thanks @chucko1, hopefully the HMRC stuff just a formality (tho good luck them getting a quick answer).

[chucko1] 18/1/2024 09:33

Over the past year, capital returns are -11.7% - it's been a trend. Forget dividends - that is taken out of this calculation.

We are off topic, but then there is not really much left to be said about EPIC that either has not already been said, or contains rude words.

[killing_time] 18/1/2024 09:27

2p of the 3p drop in NAV of VSL was due to it going XD, but still agreed, its slowly dropping.

[chucko1] 18/1/2024 09:24

Both the NAV and the comments about their discussions with HMRC regarding the capital returns. The direction of travel on the NAV has been poor, especially considering the fact that the quantum of the "investments" is now only half of what it was a year or so back. Still, more than enough forgiveness in the current share price and remaining risk.

[spectoacc] 18/1/2024 09:12

NAV fall on VSL seemed a little large, is that what you mean?

Lol yes, maybe - but don't like it showing me as suddenly being loads up when I'm not ;)

That extra variable 1.4p won't be this year IMO.. Not if previous experience of these anything to go by.

[chucko1] 18/1/2024 09:11

You would be more annoyed if it were the opposite!

Anyway, why did they use the term "at least 69p" when they must have known full well that they were going to pay precisely 69p with the variable component (around 1.4p) payable later this year. Everything about this outfit is irregular. Shows what happens when certain activists are felt worthy of listening to.

Speaking of activists, VSL is turning into a bit of a mess as well (though just a small one at this stage).

[spectoacc] 18/1/2024 08:31

HL show both the cash in, and the shares being still valued at 68.2p. Irritating.

[glynnef] 17/1/2024 23:17

69p cash per share received into AJ Bell account today as interim payment of substantially most of what we are due to receive.

[glynnef] 17/1/2024 02:39

Ignore my last post. The shares are now valued at £0 and I anticipate receiving the cash from the liquidation.

[glynnef] 16/1/2024 22:32

I now have these shares in my AJ Bell account, with an indicative buy/sell price of 69.2/68.2p. Valued at 65p each.
EDISTON PPTY INV C ORD GBP0.01

Does anyone understand what has happened? Will these be tradeable tomorrow I wonder? not exactly cash is it!

[perfect choice] 15/1/2024 12:07

Yep, everybody should see that now and as Feddie has posted we all (who are holding) should see the cash equivalent of our shares x 69pps by the end of this week.

With the shares being suspended as of 12th January, then 5 working days would mean by this Friday.

Any balance (if any, to strictly quote past RNS) is likely to take a lot longer, back end of 2024 even.

[fred177] 15/1/2024 10:14

shares have been cancelled to zero in my account this morning but no cash yet

[feddie] 13/1/2024 10:10

"As set out in the Circular, the Liquidators expect to make an initial distribution to shareholders within five Business Days of the Company having entered into members' voluntary liquidation (the "Initial Distribution")"

So, if everything goes to plan, some time this coming week.

[hindsight] 12/1/2024 19:58

Any idea when we will see a payment, will it be next Friday 19th ?

[chucko1] 11/1/2024 12:16

Not exactly a close vote. Apathy on these matters appears to be common.

[feddie] 10/1/2024 15:28

TOC - Thanks. I got the same speech in a second call. The "No later than 17 January" is still unexplained by any rule. If the payment slips a few days, whithin the 30 days from delisting, it should make no difference. I am quite annoyed with the lack of knowledge of the II customer service.

[theoldcodger] 09/1/2024 17:29

Further to other's comments regarding holdings of EPIC in interactive investor ISA accounts:

I have just spoken to interactive investor and their Corporate Actions have confirmed that the initial distribution (of 69p per share) will be received in the ISA (presumably because I believe HM Revenue and Customs regulations stipulate that a non qualifying holding must be removed from an ISA within 30 calendar days and thus the delisted shares can remain within the ISA until this distribution has taken place no later than 17 January). However, any further distribution would be received outside the ISA and in the unlikely event of the shares being re-listed, then they would also be held outside the ISA. The 69p per share cash distribution received in the ISA would not count towards the annual ISA allowance as the securities were held in the ISA.

I hope this helps clarify the situation at least as far as interactive investor are concerned.

TOC

[chucko1] 09/1/2024 15:19

... and back to 69. Who'd say?

Maybe another broker will go woke tomorrow and we see 67, or 65, or 25.

[spectoacc] 09/1/2024 14:15

Lol yes. I get the impression with the Aberdeen and Standard Life mergers, that the culture clash led to both sets of leaders leaving. Now largely clueless

[chucko1] 09/1/2024 14:08

Well, ii are clearly conservative and have shown as much in, for example, their attitude towards "suitability" of investments for retail. Being part of Abrdn, one can join the dots.

It is more than a disservice - are they not giving investment advice? Arguably, I agree.

2.5% base rate, anyone? (different department, but culture is in the walls).

[spectoacc] 09/1/2024 13:53

Tiny chance only I agree, and the same tiny chance as any other day, so the only reason for the fall today is surely the one or two brokers doing their clients a major disservice by implying the full proceeds will be taxable.

Isn't a single trade I can see today above 69p, & eg the seller of 132k at 67.25p earlier is giving away some free money.