|International Ferro Metals
||EPS - Basic
||Market Cap (m)
International Ferro Metals Share Discussion Threads
Showing 12476 to 12500 of 12500 messages
|When will this fiasco be over ???
Chris what is your new title at Samancor.|
|Why have they not delisted this?|
|"IFM has now completed the ZAR300m sale of its local subsidiary to Samancor. The remaining transactions, for which conditions are in the process of being fulfilled, will see ZAR140m raised for the IFMSA mining rights and beneficiation plants as well as for Sky Chrome. In addition the IFM’s sale of Sky Chrome’s equity will go through for ZAR100. We expect that the IFM plant will be brought back into operation by 4Q16. (total nameplate capacity 267,000 tonnes)"|
|when will they delist the shares or declare them worthless?|
|Over and out!|
|That announcement was for IFMSA: there will be no distribution to IFL shareholders as part of IFMSA sale.
That they did not say that shares are worthless although they definitely are.
Also they need to publish their accounts. You may be surprised that they are still paying wages and still have employees. I wonder how their salaries are being paid ?|
|I'm fairly sure you don't have to wait any longer to claim losses here. The company has already stated in May that the shares are worthless:
"it is now clear that there will be no distribution to shareholders at the conclusion of this process"
As a result, I'm almost certain you can proceed to make a negligible value claim:
|yes cgt loss was another topic..it is not possible to claim unless the shares are officially declared worthless..i I have emailed to the company and will share their reply..|
|ok, thanks gark.|
|I don't think you can claim the loss until the shares are withdrawn. I am waiting.|
|sorry rishika, i don't know, mine are held with pooled nominees with no admin charges.
a further issue is when to claim the cgt loss - i have not yet because as far as i know we do not yet have confirmation of zero return to shareholders.
has any one already claimed cgt loss for ifl in their 2016 return? did hmrc accept?|
|can somebody please advice? IFL shares are suspended but company not yet declared to be in administration.
Having to pay to the broker fees to maintain the shares when it seems like that they may have no value ? What are fellow shareholders doing ?|
|Chris gone now. Should have been fired long back.|
|i guess they have sold (actually given away!) all the assets and are just going through the formalities, waiting to delist. though i dont understand the game at this stage i cannot see anything rising phoenix-like from the ashes - if it does i'll be very happy to be wrong.|
|I am wondering as to what may be happening. If the shares are worthless why is the company not being put into administration|
|fair point rishika.
in any case if one assumes the loss was created in the 2016/2017 tax year then it doesn't need to be registered with hmrc until the 2017/2018 return i guess.|
|shares remain suspended. Will they have any value when resumed ? The company has not gone into administration|
|i guess that will help in lodging the (total) loss with hmrc!|
|Over and out!|
|Mine are in an ISA :-(|
|now that the new tax year is well underway has anyone submitted a cgt loss to hmrc?
if anyone knows, would like to hear what hmrc have advised for ifl.|
|Yes, just seen the RNS...now the shares have NO value I'm afraid. I hadn't seen it at the point of writing last post.|
|Gark, just read the RNS again - not sure what to do now....|
|From the RNS:"Based on the Plan's distribution schedule, it is not likely that IFL shareholders would receive any distribution from the conclusion of the business rescue process."|
|Thanks Pennyfalls... so maybe I wait to see if it worth more then 0.65p on offer...|