Superscape Share Discussion Threads

[figure6] 19/3/2008 11:57

I advised you all to sell SPS and buy MDX when they were 68p,they are now over 80p and the big bid is getting very near.(125p starting bid according to Daily Mail)

[juliehaylett] 19/3/2008 08:34

Helen Im sure you are correct. Losses can be carried forward.

[helen troy] 18/3/2008 13:38

I leave you to research it further nellyb, but my understanding is that the losses can be carried forward if they are not utilised in the current year. If you scroll back a hundred posts or so, you will see a few posts defining the rules.

hoT

[nellyb] 18/3/2008 12:07

ok hot, but i would rather incur the loss next fy so i suppose it will be better to wait until april? nelly.

[helen troy] 18/3/2008 11:56

You can sell today at 9.89 and get your money on Friday. It isn't the last day for accepting today.

HoT

[nellyb] 18/3/2008 11:47

i have a small quantity of these. thought about accepting the offer (last day today?) - however EdmondJ seems to think that it could be worth waiting until April - i presume for the next tax year and the chance to put my loss against any future capital gains for fy08/09? am i understanding that corectly?

[elbillo] 15/3/2008 18:27

Cheer Stephen

[stephenwilson] 15/3/2008 13:21

Elbillo:

Settlement of the consideration due under the Offer will be effected on or
before 20 March 2008 for Superscape Shareholders who have already validly
accepted the Offer. Settlement for Superscape Shareholders who validly accept
the Offer after the date of this announcement will be effected within 14 days of
receipt of their valid acceptance.

[elbillo] 15/3/2008 13:13

With regret I accepted the offer a few weeks since sending off my certificates,
being lazy can anybody tell me the payment date? thanks in advance.

[edmondj] 15/3/2008 09:03

When their options went seriously under water, that was one trigger to trash the UK plc ownership and replace it by a new (American) one - a full takeover and consolidation with a bigger firm likely meaning a better chance to create value than stand-alone.

[troutisout] 15/3/2008 01:00

With over 80% of acceptances how can you call it a fiasco? Unfortunately it was a very poor deal for SPS holders, but GLU can say 80%+ support it, so the FSA will not want to get involved.
It could well be that GLU have picked up a bargain, but no-one will ever really be able to confirm it until after it is a done deal.
For most here it will be part of the learning curve, always look to see what would motivate Management into the future, are their interests interlinked with shareholders?

Good Luck and keep moving forward,

Trout.

[gmb] 14/3/2008 20:20

would be better if they upped the offer, but it would have to be a real big jump for me to have made anything from this lot :( I think I said it earlier and D57 has repeated it. It is a Fiasco and the FSA should do something about it, if it had any balls!

[edmondj] 14/3/2008 19:45

No one should be worrying, with dealings up to 7 or 8 April - and I bet they extend the offer again after 21 March!

[d57] 14/3/2008 18:29

I've just capitulated. Had some shares in a dealing account with Selftrade and they wanted advice by Sunday pm if I wished to accept the offer - which I have now done in the hope that the payment comes through in time to top up my 2007/8 ISA before 6th April.

I guess we will never get to know the true position of SPS but gut feel says we have been well and truly stiched up!

Many thanks to TBH (and others) for their sterling work over this fiasco.

D57

[abc125] 13/3/2008 15:40

Glu are good at stiffing shareholders. MIG shareholders may not get their performance related $24m!:

[edmondj] 13/3/2008 14:44

Indeed you are correct and I should have clarified the proviso re. 90%.

They're going to investigate what options, but I'm not holding breath re. a higher offer!

[edmondj] 13/3/2008 14:42

Having an e-mail right now with Glu on this, so will be able to confirm.

Dealings until 7 April so should be no need for anyone to worry.

[hamsterwheel] 13/3/2008 14:40

Edmond - only for a certain period unless they get to 90%

[edmondj] 13/3/2008 14:35

They'll still have to offer everyone 10p per share whether listed or not, it's confirmed in the latest announcement.

[edmondj] 13/3/2008 14:34

They'll still have to offer everyone 10p per share whether listed or not, it's confirmed in the latest announcement.

[hamsterwheel] 13/3/2008 10:18

delist with 75%

[gmb] 13/3/2008 10:14

Can they delist without the 90%? Will the UKLA allow them to do that?

[ksoko] 12/3/2008 22:00

I will probably buy 1 share in a normal account anyway!

[ksoko] 12/3/2008 21:57

From what I understand they need 90% to compulsorily acquire the rest of the shares. If they delist with the 81% they already have then remaining shares will not be eligible to be held in an ISA. I think the ISA provider would transfer these to a normal dealing account and the tax sheltering would be lost. So if like me you hold them in an ISA you need to decide between selling / accepting the offer (keeping the capital ISA'd) or transfering them out in the hope that at least 10% stay out of Glu's hands.

This is my understanding but I'm no expert - perhaps EJ or someone more knowledgable could confirm?

[1leigh] 12/3/2008 21:52

> Trouble is that those of us who hold in ISA's have to sell!

Or transfer the shares out, or speak to your broker and see if you can sell and rebuy those same shares out of the ISA (to let you keep your ISA cash in your ISA).