Empyrean Energy Share Discussion Threads

[brimsley] 16/11/2017 10:38

Ahh fools and their money I well recall Curry and his 21.1p steal

[terry hardacre] 16/11/2017 10:33

Well that's me maxed out here now, may as well take advantage of this situation

[brimsley] 16/11/2017 09:42

Nonsense the Lagoda and Boxer are tight as I told you 2 months ago but buy up if you disagree forbes may pay you a divvy in 2027

[blueblood] 16/11/2017 09:27

Hopefully Sunday night for X4 and commercial.....not long to go now!

[rutter] 16/11/2017 09:25

So when do you guys think that the next zone results will be posted? This week or Tuesday. Sitting here quietly confident that commerciality will be reached in this next zone

[brimsley] 16/11/2017 09:17

days wages? 10p short profit will do me Not greedy getting close My dad always said leave something in for the next guy the rest of you can make your own arrangements

[royaloak] 16/11/2017 09:15

You only have to report sales if the value of your sales is 4 x CGT allowance for the year. For example in 2017/ 2018 CGT allowance is £11,300, if you sell shares in total above 4 x that, £45200 you have to supply the details even if you have not made a capital gain.

[starzerus] 16/11/2017 09:10

Cmackay. He can't even account for himself.

[cmackay] 16/11/2017 09:03

Thanks Blueblood. I'm self employed so I have to do a self assessment anyway, I will throw it in there.

Brimsley; fancy a day's wages?

[blueblood] 16/11/2017 08:57

Technically yes in reality probably not!

[cmackay] 16/11/2017 08:56

My ROV was less than the threshold for CGT, do I still need to declare it on my return? I made no other cap gains outside of an ISA.

[hang ten] 16/11/2017 08:32

It's a capital gain.

[dafrog] 16/11/2017 08:26

Thanks very much. Will have to read that again later in the day!

[wcj] 16/11/2017 08:23

dafrog

I asked my accountant on Monday. He said that it is a share split into the common and the B shares. Your base cost of the original shares is divided up between the two classes in proportion to their value. I took this as being the closing value of the shares on the day after the split, i,e, 1.75p for the common and 7.9p for the B shares. So divide your original base cost in the ratio 1.75 to 7.9.

(I am not an accountant, so obviously this is not advice!)

[starzerus] 16/11/2017 08:23

I have deleted personal stuff but hope it stillmKes sense.



With the return of the 7.9p per share it is not purely the excess over the original average purchase price,

 

HMRC will value the remaining shares at the value of the company at the end of the day the B shares were redeemed which I think was 1.89p. The value sold was 7.9p therefore 7.9/9.79 (1.89+7.9) is the proportion sold approx.

 

The 1.89p is then the base cost to carry forward for your remaining EME shares.

[dafrog] 16/11/2017 08:20

Thanks. Most of mine are in ISA but just a few were not. They all are now.

[starzerus] 16/11/2017 08:16

Dafrog cap gains. My wife has done hers and I think has a mail from my accountant explaining how to do it. I have azked her to fibd it for you

[blueblood] 16/11/2017 08:10

I'm sure it was capital gain but as all m8ne are in ISAs/SIPP don't need to worry the taxman :-)

[dafrog] 16/11/2017 07:59

Good morning, tax return time. Was it determined whether our 7.9p return was to be treated as a divi or as a capital gain please? Assume it would the CGT. Thanks.

[dont jump] 15/11/2017 23:23

Mention of Dempsey:

PCL announcement about their Tulaiyno play. In comment " We are already underway with a flow testing program at the Dempsey-1 Gas discovery for which we have high expectations."

[cmackay] 15/11/2017 23:13

No news before ASX open, at least. Bedtime!

[seagreen] 15/11/2017 21:54

There is a vague whiff of news tonight and UK RNS tomorrow although whether it is true and whether or not the news when delivered is good or bad I know not....fingers crossed

[honestmarty] 15/11/2017 21:46

or even Sunday night?

[niceyman1] 15/11/2017 21:33

News tonight possibly or tomorrow night?

[nickb] 15/11/2017 19:14

Just need to let them get on with it.