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Share Name Share Symbol Market Type Share ISIN Share Description
Adams Plc LSE:ADA London Ordinary Share IM00B986V543 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 12.50 11.00 14.00 12.50 12.50 12.50 8,906 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -0.3 -0.3 - 5

Adams Share Discussion Threads

Showing 2776 to 2799 of 3250 messages
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DateSubjectAuthorDiscuss
20/3/2008
14:30
how long before you get your cash ?? days; weeks, or years ?
par12
18/3/2008
19:06
FWIW, heard from idealing today - they say they don't need any info from me as a nominee holder (same as luafc says above). I also asked if they expected to meet the first deadline on the 23rd and they said they did intend to.
mrblogg
18/3/2008
18:42
Was contacted by one of my brokers today (not selftrade) who writes... "We are writing to you in respect of your holding of ? Adamind ILS0.01 Ordinary Shares held in our Nominee system. The company has recently announced that it intends to return approximately GBP9.6 million to its shareholders. Under the terms of this return of capital, shareholders will receive approximately £0.26 per share. Based on your current holding of ? Adamind ILS0.01 Ordinary Shares, you will receive £? in cash. The company have provided two pay dates regarding the return of capital. The first is expected to be on or about 31st March 2008. In order to receive the payment on this date shareholders are required to provide the company with information required by Israeli tax authorities by the 23rd March 2008. Unfortunately we have not as yet received the documentation from the Company's registrars, but have been in contact with them and expect to be in receipt of it tomorrow. If the documentation we are required to provide is not received by us in order to receive the cash by the first pay date of the 31st March then shareholders will receive the return of capital on the second pay date which is expected to be on the 13th May 2008. There is no need for you to take any action. Your portfolio will be amended to reflect this return of capital". Firstly this refers unambiguously to a return of capital (not a dividend). It also appears to be hinting that the deadline for the 1st date, may be in fact be missed. I can't say I am particularly surprised by that. This whole debacle ain't over til its over. Ho Hmmmmmmmm....
katylied
18/3/2008
14:05
iii confirmed when I phoned - 26p to be credited on or after 31st March, no docs to send to avoid the withholding tax. But no record of this on the website yet. Sold the shares, I'm sure there would have been a bit more profit but I owned so little its not worth the extra time i'd spend on them. 7% profit, better than a bank account...but not on a risk adjusted basis!
dangersimpson2
18/3/2008
13:45
eenmakkie; ever thought of being an English Teacher, UK schools crying out for people like you :0)
par12
18/3/2008
11:38
Almost did get a hart attack when speaking my broker about accepting the dividend and the providing of the info of non "Israeli residence" He said he can read that they are going to pay around .26pence a share and not 26 pence a share. Had to correct him but he didn't believed me because he read the papers. It is a fu@*inĀ° nightmare this things. Anyway still think it is 26pence they will pay, because I did made the calculation by my self. Anyone has more news regarding the proof you need to sent of non-Israeli in order to avoid a 20% withholding tax?
eenmakkie
17/3/2008
18:07
Got an e-mail today from Hoodless regarding the re-distribution with the 2 dates. Don't really understand why there are 2 separate dates but does anyone know if there is any benefit of waiting until the 2nd date? Obviously I want to get the cash as soon as possible so would naturally opt for the first date. I've also got a tranche of shares with Td Waterhouse but haven't heard anything from them. Has anyone had any contact with Td? Cheers
biglosses
17/3/2008
16:43
I am assuming this is a capital distribution and not an income one. With the shambolic communications and procedural performance of Adamind, however, it might be damgerous to make any such assumptions. I'd be grateful, therefore, if anyone can confirm the nature of the dividend transaction. Incidentally, I've been informed by two brokers that UK nominee holders should not need to take any proactive steps to receive the divi at the end of the month, or more likely early April. The "required information" to be provided prior to 23 March (Easter Sunday!!!!) referred to in Friday's 14th March release should be addressed by the brokers. That's what I've been told anyway.
luafc
17/3/2008
12:50
I have heard nothing from Selftrade either.
wba112233
17/3/2008
10:35
Reminded that Selftrade don't ever actually contact people outside of their own internal mail system, I just logged on to check. There was nothing in my Inbox. I mailed them to ask what was going on with ADA. Who knows, they may even reply someday. Meanwhile, regarding (pooled) nominee accounts. Since it is the broker who is on the share register, I should have though only the 'broker' would be under any legal requirement to prove identity/residency? If others learn differently from their own broker 'nominee' experience, perhaps they could post that info?...
katylied
17/3/2008
10:18
Yes, I have got the same feeling. Had to sell at 27p last year in the beginning when the offer came out. Or even 34p just before the mess.
eenmakkie
15/3/2008
10:24
Just further to my posts whilst out and about yesterday a bit further from the letter that you might find useful : I mentioned that to avoid the witholding tax you need to prove that you are not an Israeli resident : You do this by completing the form which includes a number of declarations. However, the form also states Please attach to this declaration an approval from your country's tax authority, translated to English, approving your residency in such foreign country. On the other hand the covering letter merely asks for you to attach "a clear copy of your passport". I presume therefore it is just the latter that needs to be done, although it's not clear and to be honest I'm not awfully comfortable with that. I think a call to the corporate actions department at Capita registrars is in order. There is no contact number given for them so I presume one will have to go through the main head office number (0) 20 8639 3399. I'll be aiming to speak to them on Monday, but others may wish to do so also. If you don't have a passport then I'd strongly advice speaking to them to confirm how you procede. In the case of Spread bets I presume the SBet co will do all of this and will credit you account with the additional reciept once they get it (Nick - I also have part of my position with IG and that's essentially what they told me when the told me the amount of the divi applied - same amount as they told you although the tax declaration stuff wasn't clear at the time) If you hold your shares in a nominee account Then I would suggest that you contact your broker asap - to confirm that they'll be handling this and whether or not they need you to provide any information / evidence. I'm beggining to wish I hadn't gotten into this one - the profit is not worth the grief to be totally honest. If anyone would like to see a scanned copy of the form and covering letter, please send me an email titled "adamind" to tbmailer-rexdim@yahoo.co.uk Cheers, gromley
gromley
15/3/2008
08:34
I knew there would be a hurdle
par12
15/3/2008
08:13
"You need to prove that you are a non-israeli in order to avoid a 20% withholding tax. (Not sure how this will be hadled for nominees?)" This can only be the case that not a lot of shares are in the hands of Israeli. It started as a nightmare and it ends as a nightmare. I wonder if simmilar will hapen with Orca sell and payout? This whole Emblaze related co's are all a mess,.... Damm learned the hardway that there is notting like "easy money" Buy shares below cash level and you still get ripped off.
eenmakkie
14/3/2008
15:47
must be worth a punt at 3p.
lord santafe
14/3/2008
10:58
BIZARRE Just read the rns as well- the number of shares stated is different from what I have in black & white in front of me in the letter. What a shambles! Re ex rates - I don't believe they will have had to convert the cash back to USD - if so, why convert to gbp in the first place?
doimind
14/3/2008
10:51
Hi gromley here (had to re-register to get access from my pda) I have letter, in brief : Total distribution : usd 19.2 No of shares : 36,783,311 (approx = my recent guess @ tmf) => usd 0.522 So roughly 26p / share as we'd guessed (nick I guess igi will therefore make a further adjustment) Even though the cash is already in sterling,because it is declared in usd the exact gbp payout is depedent on the ex rate at time of payment (obviously any difference remains in the co for later distribution) You need to prove that you are a non-israeli in order to avoid a 20% withholding tax. (Not sure how this will be hadled for nominees?) No indication of how much cash is left, nor timescales, but : "it remains the co's intention to distribute as much of the co's resources as possible & a further announcement will be made in due course concerning further distribution." Cheers, Gromley
doimind
14/3/2008
10:22
Bohemia - I am going on the assumption that they have converted the sterling balance into dollars already. I assume they would have done this a few weeks ago to satisfy the Israeli courts they had the funds to return. Sterling has strengthened about 3 or 4% in the intervening period and we are therefore down the corresponding amount. If they have yet to convert any of the sterling into dollars then your point is valid. I don't believe that to be the case though. I do wish I am totally wrong though as I have over 600k shares here and each point is worth a fair whack.
nickcduk
14/3/2008
10:10
nick, yes this distribution is dependent on the FX rate but in the long-run (after the final payout) it makes little difference. The company's cash is in sterling and euros. Say they have £12m in the bank (I know these numbers aren'texact but thats not the point). That's reported as $24m on 2.0 cable. The company pays out $19m which will use up £9.5m of the cash, so there's £2.5m left. Now what if cable collapses to 2.2. The payout is still $19m which is £8.6m so your payout falls. But now there's £3.4m for the later payout. Yes I want more now, but what difference does it make really?
bohemia
14/3/2008
09:42
I had a chat with the advisers today. $19m was to be returned and the number of shares that are subject to the return is 36.9m. That equates to about $0.515 per share. We are very much exposed to currency risk because the sterling amount will be calculated on the date that the funds are returned. If you get your forms in before the first date then that you will have your dividend converted into sterling at the forex rate on the day. Similarly if your forms go in before the second date then you will get the exchange rate on that day. It is a nightmare situation we face. I estimate we are down about 0.75p per share because of the companies inability to pay the dividend out in sterling. The least they could have done is hedge the cash balance before it was distributed. I notice an announcement has just been made which pretty confirms my figures.
nickcduk
14/3/2008
08:58
now we can do nothing anymore but wait,....., like the last 365 days we are waiting already. Has anyone received already the papers (info) about the dividend?
eenmakkie
13/3/2008
16:22
I am afraid it is. But look on the bright side, you should get a DIVI
par12
13/3/2008
12:19
forgive me for asking this... but what has happened to the shareprice.. i bought at 28p?.. its not 5p now is it?
latifs100
13/3/2008
09:32
I see..its gone X-Div so everybody has sold out.
hotfinance14
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