Matra Petroleum Share Discussion Threads

[geordy2] 05/1/2017 11:09

Has anyone received notification of the conversion to CDI's from Computershare

[ayiman] 05/1/2017 10:39

For info. HL have confirmed to me the issue of 5 new shares for one old.They expect this to become effective on 1st Feb if approved.
ayi

[gilly9] 05/1/2017 10:03

Saga have been in touch with me by e mail ref the Swedish move, so they were obviously made aware of things yesterday

[nedhammers1] 05/1/2017 09:39

Gents, the reason they have not heard of Matra is likely to be that they are not listed yet! All you need to ensure is that a broker will IF and when Matra list on the Stockholm stock market your prospective broker deals there and arrange for their respective transfer, Halifax told me that my shares will automatically change 1 for5 if that goes through but will have to transfer them thereafter as they do not deal on the Swedish market ....

[nedhammers1] 05/1/2017 09:39

Gents, the reason they have not heard of Matra is likely to be that they are not listed yet! All you need to ensure is that a broker will IF and when Matra list on the Stockholm stock market your prospective broker deals there and arrange for their respective transfer, Halifax told me that my shares will automatically change 1 for5 if that goes through but will have to transfer them thereafter as they do not deal on the Swedish market ....

[gilly9] 04/1/2017 10:01

Seems to be sorted, Equiniti now tell me that my shares can be held in cdi and that they do deal on the Swedish market, they will sen d me a secure message to confirm, as of now THEY STILL HAVEN'T HEARD OFF MATRA!!!!!!!!!!! super thanks ps i was also told no stamp duty charged on Swedish market, so trading will be a bit cheaper Off to Morrisons for the weekly shop now, will look in later

[gilly9] 04/1/2017 09:30

Super i cant get any sense off Equiniti, the share centre TELL ME THE WONT EXCEPT TRANSFER WITHOUT FORM E WHICH equiniti will not give me i need help lol

[brian boru] 04/1/2017 09:11

thanks Calm, I'll try and speak to my contact in the Bristol office

[supertedsmith] 04/1/2017 09:05

Gilly who are you talking about .
Sharecentre confirmed to me that they can trade them and facilitated transfer process instantaneously

[gilly9] 04/1/2017 08:59

they seem to be as bad as Equiniti, they now want the ISIN no of Matra,before they know if they can be traded in Sweden, the relevance of that is a mystery to me !!!

[budgetbond] 04/1/2017 08:29

Has anyone heard from Hargreaves Lansdown, I'm still waiting to hear from them?

[calmtrader] 04/1/2017 07:55

Brian. I do ..I'm waiting on them coming back to me..will post when I know

[gilly9] 04/1/2017 07:34

Thanks, i will be on the case at 8.30

[supertedsmith] 04/1/2017 07:23

Gilly I transferred mine just by filling in form of Share centre site and sending back to them .

[brian boru] 04/1/2017 07:08

Morning, does anybody have an account with Beaufort and do you know if they deal in cdi's, tia

[gilly9] 04/1/2017 07:05

Super i am still waiting to hear back from Saga, i spoke to some there on Fri morning and he told me that they do deal in cdi,s, he promised to ring me yesterday/to today to confirm, i will be on the blower to him first thing,he also said that as of Fri, they hadn't heard off of Matra any way, i did register with the share centre, who then asked me to get a form E off of Equiniti,from my point of view this "transfer" of shares from one company to another has been a nightmare so far, thanks for asking, i will keep peeps informed.

[geordy2] 03/1/2017 19:06

Budgetbond

Thank you.

G2

[budgetbond] 03/1/2017 18:39

G2, it depends on how your shares at held. If you have them in paper form, Computershare will swap them for new certificates. If you hold them electronically, you need to check with your broker if they deal in CDIs - if they do, your shares will get automatically transfered into new CDIs; if they dont, you'll need to transfer your shares to a broker that does

Hope that helps

[budgetbond] 03/1/2017 18:36

calm, glad to hear its not just me getting carried away :)

From the update on 24 July 2015, they stated that the approved drilling programme for 2016 was aiming to deliver total production of 1600bopd - it'll be interesting to hear next week if they've achieved that. New wells have previously delivered 20-50bopd and workovers around 10bopd but with the increase of 235 bopd in one month (June 16), they may have hit a sweet spot in the field

[geordy2] 03/1/2017 17:12

Can somebody explain in simple terms what this arrangement actually means and what if any action needs to be taken by a shareholder. The information published so far seems rather vague,

TIA

G2

[calmtrader] 03/1/2017 16:47

budget...just the increase in oil vs the previous reserve figure is a huge increase..plus they stopped a load of workovers that weren't viable which now are compelling.. that and the link up with the Swedish guy...it looks great!!

[budgetbond] 03/1/2017 15:07

calm, are you of the same opinion?

[doxford] 03/1/2017 14:43

Can't wait for the figures to be revealed, how many shares will we receive [if any] and what value will they have compared to the delist price?

[budgetbond] 03/1/2017 13:16

doxford, you're right - we dont know much.

My curiosity comes from the timing of the delay of the repayment of the $5m loan to January 2017 and then the subsequent announcement of the listing intention and share transfer in January 2017. This must all have been agreed in May/June 2016 so what did Maxim present to them to get them to agree it? The timing is just too coincidental so whatever is behind it has been a long time in planning.

[supertedsmith] 03/1/2017 13:13

GillyDid you send scanned signed transfer form through or original and are you trying to do it immediately or after CDIs issued