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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scotgems Plc | SGEM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 78.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 78.50 |
| Top Posts |
|---|
Posted at 31/8/2022 20:16 by gatehill I'm confused. All the postings above imply we are getting money back without taking any action. I have a holding via Barclays Smart Investor and this is the Corporate Action I have been sent:DELISTING Scotgems PLC has confirmed their intention to delist from the London Stock Exchange (LSE) on 9th September 2022. To ensure any sale trades are settled before the stock is delisted, the last day for selling will be 5th September 2022. After this date you will not be able to sell your holding in this asset from your Smart Investor account. What does this mean for you: 1. If you want to re-register your holding onto a certificate in your own name (provided this is available) please contact us on 0800 279 3667* or if calling outside the UK +44 141 352 3919. If it is available, we can request one on your behalf 2. To sell your holding prior to the delisting date you must ensure your trade has been carried out before 4.30pm on 5th September 2022 by logging into your Smart Investor account and placing your order by following the normal dealing process. Online transaction fees will apply Can anyone please clarify, please? |
Posted at 16/6/2022 09:05 by spectoacc Peel Hunt via Citywire:"While the board has not given its official recommendation, Peel Hunt notes that up to about 19% of ScotGems shares are held by value investors and a further 20% roughly by Stewart Investors insiders ‘who would have little incentive to vote in favour of continuation.’ Might add all the ones held by ADVFN'ers who can't wait to vote against continuation. But farcical how it's taking so long - markets hardly helping us in the meantime. Keeping the fees rolling in a while longer? |
Posted at 24/3/2022 17:05 by epistrophy 33 stocks now trading again on MOEX, although FIXP not among them.(There's also the small matter that foreign investors are not allowed to sell...) |
Posted at 11/3/2022 07:05 by spectoacc Nuff said."Until very recently, our Investment Manager had avoided direct investment in Russian companies largely on corporate governance concerns. Regrettably, on 24 February 2022, they bought a position (1.1% of Trust NAV) in a London-listed GDR of a Russian retailer called the Fix Price Group. The Board were very surprised with such a decision being made, and even more so that First Sentier Investors permitted such a trading instruction to be processed, in the prevailing circumstances. Given that stock market trading in all London listed Russian companies has subsequently been suspended, this investment is now held in the portfolio at nil value." |
Posted at 29/6/2020 19:55 by steve3sandal It’s just too small to be of interest to anyone but retail investors sadly. Not a bad place to hide out IMO but we are probably just waiting for the discount to get so large that the Board have to throw in the towel. It must in time, and one of a few similar opportunities for the patient. Not at all unhappy. |
Posted at 11/7/2019 17:59 by steve3sandal I don't doubt they are careful stewards but in current markets there is very little interest in small companies in frontier markets. Despite their careful stewardship, NAV is flat after costs, who are the marginal buyers of the Trust and what is the liquidity of their holdings? (rhetorical). Would you agree that if it got to 25% the Board would have to think about doing something. At such a large discount I can't think that buybacks would work, a tender at NAV - 2%, or regular redemption option are sometimes proposed but this is too small to continue on that basis. Regrettable but the pool they are fishing in is not currently interesting investors. |
Posted at 11/7/2019 15:46 by steve3sandal This just hasn’t worked out, .....yet. Though I suspect it’s one of those that Keynes ? suggested can stay ‘ not worked out ‘ longer than one can stay solvent, or something like that. Great team here, Stewart Ivory who’ve made investors money with Pacific Assets Trust. I hold PAC. On the back of that record I did buy at IPO but they are investing cautiously in a falling market so whilst they’ve done quite well at NAV after charges the discount has killed shareholder returns. I moved on some time ago when I realised. They need to deliver shareholder returns and until they do that the discount will prevail as you say. Too small to do buybacks. I think this might just quietly liquidate in time and regrettably that’s the opportunity I see. |
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