Adams Share Discussion Threads

[grahamg8] 29/3/2013 08:53

hoveit. Certainly. But as we paid no cash for the rights, just gave up our shares, then their acquisition value will be zero. Any returns can be offset against the losses from the shares assuming you made a loss. If you have no loss or have offset it against other gains then there is a potential tax liability on the gain or income to be declared. Right now I'm not certain whether we should regard it as income or a capital gain. I suspect however that HMRC are likely to accept either as long as you present the information in the right way. If it's in your SIPP then you don't have anything to worry about anyway.

Edit: The only complication is that the share loss occurs in 2012/13 and the gain in 2013/14 onwards. Just make sure you declare the loss in this years return and carry it forward into next year. But then you were planning to make a full declaration of all your share dealings weren't you?

[hoveite] 27/3/2013 11:01

However I think we do need to value the contractual rights we have to payments relating to the winding down of the old CPT portfolio for CGT purposes when calculating the loss when we sell a residual holding in ADA.

I haven't seen anything from the company to give much of a steer on how much those rights are worth though.

[papy02] 19/3/2013 14:20

Thanks Tiltonboy. So we ignore them for personal Capital Gains calcs?

[tiltonboy] 18/3/2013 19:03

Papy,

They ahve no value, and are purely an accounting method, of getting the nominal value of the ords down, so they proceed with the capital re-oganisation.

[papy02] 18/3/2013 16:57

I thought I posted here yesterday, but can't see my post, so trying again.

Can anyone here explain the purpose of the New Deferred Shares that we got issued 1 for 1 along with the New Ordinary shares.?

I'm assuming they will never pay out anything, and will be re-purchased by the company for 1 Eur cent for the lot? But to what end?

I assume some CGT benefit but would be interested how the calculation works (if minimal expectation of payout, shouldn't they be valued at close to zero when apportioning the investor's base-cost between New Ordinary and New Deferred?). Using the par values (99c for the Deferred, 1c for the Ordinary) for apportioning the base cost would be another matter, but can we do that?

If we sell the Ordinaries, do the Deferred go with them, or do we retain (nb: no separate Certificate issued for them)?

Any clarification welcome.

[praipus] 18/3/2013 16:40

Weiss have sold their holding so there should be a few shares around. I cant sell mine because the commission charges would exceed the proceeds! ...lol

Edit: Laxey out too.

[boros10] 18/3/2013 14:55

Thanks Praipus

I've tried to buy some Adams for a punt but the market is too tight

[praipus] 15/3/2013 18:11

100 I think :)

[boros10] 15/3/2013 17:50

Do I need to divide the number of Carpathian shares by 1000 to work out how many Adams shares I own?

[swizz] 15/3/2013 15:05

Cheers graham, thank you for the feedback,

Some bizarre looking trades today in qty and value, not holding but on the watch list with it returning today, GL S.

[grahamg8] 15/3/2013 12:35

Hi swizz. You need to work in Euros for the time being. 16.17m shares and raised cash net of expenses 270,000 Euros. As the listing has no business as such the shares are trading at a massive premium to assets (unless you assign a value to the listing itself as an asset). So it's a punt on the ability of the managers to find a few lucrative biotech investments to keep the share price at such giddy heights.

[swizz] 15/3/2013 07:36

Do I read it correctly as in circa £300k cib and approx 16m shares in issue?

[pejaten] 15/3/2013 00:37

I inherited these through my holding in Carpathian. I have negligible holding but it will be interesting to see what happens next!

[mo7800] 15/9/2011 20:15

Anybody still holding these?

[dipso] 25/6/2011 10:49

Received Cheque from Israel for 2.25p/share today, although I completed a 'Request for Payment of Funds' form several months ago - requesting payment
directly to bank account.
Cost me about £30 charges last time cheque was cashed.
Anyone else cashed recent cheque?

[chrisdgb] 31/5/2011 15:33

cash arrived...bon voyage..!!!

[mbaxter] 20/5/2011 00:17

Update on their website dated 17 May

..........Further to the announcement of 15 April 2011, Adamind is pleased to announce that the process to distribute the final payment has commenced and the cheques to shareholders were posted on 15 May 2011......

[chrisdgb] 13/5/2011 09:13

no money yet....

[mbaxter] 08/5/2011 09:54

chrisdgb - you maths isn't too bad. You were estimating circa 2.5p as the final payment. Although the undershoot appears large %wise if you look at it as a fraction of the proposed final payment, it is small as a % of the overall payment. Top marks to your calcs, given the uncertainty regarding what funds were available all those months ago.

Not a whisper of a payment yet - i hold via spreadbet, so not surprising. Never any fanfare or news, all that seems to happen is on some random future date, a lump sum will mysteriously appear in my account. I will post if/when that happens.

[chrisdgb] 08/5/2011 07:31

anyone been paid yet?......must say I am a little disappointed by the size of the final distribution, my maths must be lacking..

[mbaxter] 20/4/2011 16:21

interesting. Growth company investor article suggested the potential for a bit more:

sraeli shell company Adamind is to pay a third and final payment to shareholders of approximately 3p a share. Adamind was spun out of Emblaze (BLZ) but in April 2007 it sold the bulk of its assets to Mobixell Networks for $5.5 million.

A FSA investigation followed in September but this was discontinued when the regulator decided it had no intention of taking any action. In 2008 a liquidation process was undertaken with $19 million returned the same year and a further $2.1 million paid out in 2009.

Following a recent liquidators meeting Adamind has confirmed that as of last October it retained a net cash balance of $1.7 million. There is a US tax exposure of $1 million but if this is not claimed by the authorities by 8 April then Adamind will be free to distribute the cash to shareholders.

Adamind has 35,706,886 shares in issue so assuming the current $/£ exchange rate the $1.7 million equates to around 3p a share. Shareholders wishing to receive the funds electronically can download a form on the company website at www.adamind.com

The shares were suspended some time ago but upon the final distribution, expected in May, the saga will finally be over.

[dipso] 15/4/2011 07:23

Update RNS today - 2p/share

The distribution will total approximately GBP 810,000, constituting GBP 0.02 per share, which will be paid to all of the Company's shareholders of record at the close of business on 28 April 2011 (the "Record Date"). It is expected that payments will be made by the end of May 2011.

[chrisdgb] 10/4/2011 07:48

Had word that there will be a press release this week...

[chrisdgb] 30/3/2011 14:07

Hopefully nearly cash time....!!!!!!!