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GLA Galahad Gold.

17.04
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Galahad Gold. LSE:GLA London Ordinary Share GB0030017320 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 17.04 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 17.04 GBX

Galahad Gold (GLA) Latest News

Real-Time news about Galahad Gold. (London Stock Exchange): 0 recent articles

Galahad Gold (GLA) Discussions and Chat

Galahad Gold (GLA) Most Recent Trades

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Galahad Gold (GLA) Top Chat Posts

Top Posts
Posted at 28/8/2009 11:44 by tiltonboy
Final distribution received today at 0.111434p per share.
Posted at 19/6/2009 06:46 by nickcduk
IG had screwed up their prices for GLA. They were quoting residual positions in GLA at 1p. That should have been 0p because they already debited that 1p twice previously. Positions have now been amended. I would still go and ask for interest back on the position though.
Posted at 18/6/2009 19:29 by nickcduk
Anyone with a position in GLA via IG Index will likely find their positions being adjusted overnight. They had incorrectly booked the trade and the equivalent of 1p should be returned. I would also ask them to refund any interest charged since the date the error was made.
Posted at 19/11/2008 11:35 by aa29
... and not forgetting around 0.05p per share to come early next year.
Posted at 19/11/2008 10:34 by tiltonboy
Fantastic news.

Received a cheque this morning equating to 2.8675p per share.

tiltonboy
Posted at 26/8/2008 12:37 by nickcduk
Just trying to catch up on how much and when we might see some more cash. Tried to access the website to have a look at the EGM circular but note that they haven't paid to retain their domain name. Lets hope its not because they have run out of cash!.

Any ideas as to what the final payout will be? I have pencilled in 2.37p + 0.48p for a total of 2.85p. Is that what everyone else has pencilled in?

Regarding when we might see the balance. I have been in similar situations before when the second payment comes around a year after the initial payout. What makes GLA a bit more confusing is that they have been ready to pay out since November of last year. They delayed the initial payment because of tax issues. Is it better to use a year after payment, i.e. April 2009 or Nov 2008 as a realistic date for further funds to be released.
Posted at 16/1/2008 17:58 by steve36
Sharpshare, I agree with your analysis

The base cost of shares has to be apportioned between the A/B/C shares and ongoing ordinary shares by reference to the market value of the shares at the time of the reorg. The value of the A/B/C shares should each be 16.5p, given the imminent payout. The value of the ords would normally be taken from the quoted price on the first day after the reog but as they will not be listed it will have to be imputed from the last price. So, if the share price is 17.5p on suspension, the apportionment should be 16.5/(17.5) to the A/B/C shares and 1/17.5 to the ongoing ords.

The final liquidation payout will be compared to the base cost of the ongoing ordinary shares, 1p in the example, giving rise to a gain or loss at that time.

I agree that it should be possible to make a negligible value claim and claim a capital loss in respect of the base cost attributable to the A Shares once the div is paid, ie in respect of this tax yr.

The gain on disposal of B Shares will arise in this tax year, but note that business asset taper relief is not available even though GLA is quoted on AIM because it is an investment company. Gain on disposal of C Shares is in next tax year, at 18% if the proposed CGT changes go through. Both of course subject to availability of annual exemption. SIPP holders have it easy!
Posted at 15/1/2008 21:05 by brad44
Info I received today re payment. anybody any opinions as to which is the best option to take?

GALAHAD GOLD PLC are undertaking a Return of Capital on the following basis:


On 14th September 2008, the Board announced that it intended to propose a Voluntary Liquidation and Share Capital Reorganisation of the Company, which would allow shareholders to realise some of their investment for cash either prior to the commencement of the Liquidation, or during the Liquidation process.

Under the terms of the proposals shareholders can elect for one of the following options:

Option 1: Shareholders will receive 1 New Ordinary share and 1 A share. Each A share will entitle shareholders to receive a single Pre-Liquidation Dividend of 16.5 pence per A share. This will be treated as Income for UK tax purposes.

Or

Option 2: Shareholders will receive 1 New Ordinary share and 1 B share. Each B share will entitle shareholders to receive a Fixed Capital Return of 16.5 pence per B share which may be paid before or after 6th April 2008. This will be treated as Capital for UK tax purposes.

Or

Option 3: Shareholders who do not elect for one of the above options will instead receive 1 New Ordinary share and 1 C share. Each C share will entitle shareholders to a Fixed Capital Return of 16.5 pence per C share which will not be payable before 6th April 2008.

The New Ordinary shares will entitle the holders to participate in any distributions made by the Liquidators after the payment of the Fixed Capital Return on the B shares and C shares and will have similar rights to the Existing Ordinary shares.


You have the following options:
1 Accept Option 1 on your holding of GALAHAD GOLD PLC ORD GBP0.01 shares.
If you elect to accept Option 1, your Ordinary Shares will not be available for you to sell.
2 Accept Option 2 on your holding of GALAHAD GOLD PLC ORD GBP0.01 shares.
If you elect to accept Option 2, your Ordinary Shares will not be available for you to sell.
3 Accept Option 3 on your holding of GALAHAD GOLD PLC ORD GBP0.01 shares.
If you elect to accept Option 3, your Ordinary Shares will not be available for you to sell.


--------------------------------------------------------------------------------


On the basis of the estimated net asset value of 18.87 pence per Existing Ordinary share the remaining 2.37 pence per Existing Ordinary share (together with any additional amount available for distribution to shareholders) will be distributed following the discharge of all of the Company's liabilities and the release by the Liquidators of any capital retentions required by them. The Directors anticipate such distribution could be made in the first half of 2009.

The proposals are subject to shareholder approval at both a Reorganisation Meeting to be held on 8th February 2008 and a Liquidation Meeting to be held on 20th February 2008.

Subject to acquiring the necessary approval the Record Date for the Share Capital Reorganisation is expected to be 8th February 2008.

Dealings in the Existing Ordinary shares are expected to be suspended as at 7.00a.m. on 8th February 2008. Please note it will not be possible to trade your Galahad Gold shares after this time.

The timing of the payment of the Fixed Capital Return on the B shares will be determined by the Liquidators. However, the Directors currently anticipate that payment will be made before 6th April 2008.

Payment in respect of the elections made for Option 1 are expected to be credited to your account on or after 15th February 2007, payment in respect of elections for Option 2 are expected to be credited to your account on or after 28th March 2008 with payment in respect of elections for Option 3 expected to be credited on or after 10th April 2008.

Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an Independent Financial Advisor.

Should you retain your holding of Galahad Gold shares we will update you again in due course.



--------------------------------------------------------------------------------


If we do not receive a valid election from you, we will elect Option 3 on your behalf.


Please ensure you submit your option before 25 January 2008 to enable us to process your instruction in accordance with the Company's timetable for this event.

I am really not sure which is the best option here? surely they mean Feb 2008 and not 2007 (Payment in respect of the elections made for Option 1 are expected to be credited to your account on or after 15th February 2007,) this must be a typo?

All opinions greatly accepted.

regards

brad
Posted at 12/6/2007 16:38 by papillon
Hopefully we will have an auction for UMN. That should push the price up. Hopefully its a cash deal. I think it highly likely. Both the Chinese and AREVA should offer cash. I think the directors would prefer cash. Cant understand why GLA share price so low still. The price drop this morning was ludicrous. Only a fool would have sold GLA this morning. If this doesn't get above 20p, and soon, then I'm a Dutchman!!
Posted at 21/5/2007 08:57 by papillon
UMN is showing further strength after confirmation that the Chinese National Nuclear Corp (CNNC) is in talks with UMN. CNNC reckon UMN have very good assets in Africa. This must be good news for GLA share price
Galahad Gold share price data is direct from the London Stock Exchange

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