Afferro Min Share Discussion Threads

[woodpeckers] 31/1/2014 15:39

I see IMIC is slowly moving up on no volume. On a bad market day too.

[zangdook] 31/1/2014 15:36

but if they were listed at least you could sell them and keep the cash in your ISA.

not surprising the crooks who run AFF and IMIC have once again shown their promises to be worthless lies.

[michaelwhight] 31/1/2014 09:44

Take a look at IKA guys. Could be pretty exciting. Barclays are ejecting my loan notes from the ISA because of the duration of the loan not the listing. Even if they were listed they wouldn't allow them in. Nat West don't show anything and I haven't heard back from them. It all seems a bit of a mess.

[woodpeckers] 30/1/2014 08:42

Barclays wouldn't allow me to keep mine in my ISA, i had to move them to my marketmaster account.

[scorpione] 30/1/2014 08:33

lets hope it stays that way bubble

[bubble pricker] 30/1/2014 05:31

I too have received my loan notes in my Selftrade ISA and no message yet that they cannot be held in an ISA.

[noirua] 29/1/2014 12:36

TDD (TDW) have referred me to the following rules:

[dgs2] 29/1/2014 11:59

Advice from my broker: IMIC Loan Notes did not complete their listing on the Irish Stock Exchange on time, so mine have been transferred out of my ISA - bummer!

[noirua] 28/1/2014 17:39

Irish Stock Exchange - Market Information

[noirua] 28/1/2014 17:07

INTERNATIONAL MINE INTERNATIONAL MINING TEMP
Above as shown in TDD (TDW) account.

[darlocst] 28/1/2014 15:09

Loan notes not listed yet, deadline is end of Feb.

[taffer87] 28/1/2014 15:02

Any trades on loan notes? Price?

I note IMIC have started the PFS study..any bets on more DSO now being discovered..

[gatehill] 25/1/2014 17:08

Having completed a stock transfer form, my Loan Notes have now moved from my Barclays Investment ISA to my wife's MarketMaster account. All has gone pretty smoothly, it seems!

[nav_mike] 22/1/2014 18:34

Noirua

As you have a TDW account, may I ask if the loan notes are correctly showing in your portfolio yet?

Mine still appear as "xxx,xxx Afferro Mining Assented" rather than IMIC PLC 8% Loan Notes 2015

[noirua] 22/1/2014 18:24

Not being able to trade a share, bond or convertible bond does not make it ineligible for an ISA.
I have an Australian share that has been suspended by ASX for 11 months and TDW say it can remain in my ISA. Whilst suspended the company has changed its name and undertaken a reverse takeover. The company has undertaken a reverse split as well - there is no limit of time under ASX rules for suspensions.

The above may not seem helpful but shows there is leeway in these situations.

[kombimatec] 17/1/2014 18:21

They have appeared in my SIPP today not sure if they can be traded yet but no price showing

[scorpione] 17/1/2014 16:31

Selftrade has notified me that convertibles will be showing in my ISA shortly (1 for 1 ratio) rather than 40% as in some cases. No notification (yet!) that they cannot stay in the ISA.

[ridicule] 17/1/2014 16:15

Has any one contacted IMIC to see when they will be listed to trade?

[dgs2] 17/1/2014 13:43

Times running out now, what's the chances of IMIC loan notes being listed by 24th Jan? I want to sell them and be able to keep my cash in my ISA.

[woodpeckers] 17/1/2014 13:20

That's a shame, my letter just plopped through the door! Thanks for trying Stevie.

[stevie blunder] 17/1/2014 13:15

Ok had a reply from Barclays

"Hi Stephen,

Our team have investigated this and it is definitely not ISA eligible I'm afraid."

Oh well.

[scorpione] 17/1/2014 13:01

Thanks for the info Stevie;

[woodpeckers] 17/1/2014 11:46

I'm with barclays too but haven't as yet been told that I can't keep the notes in my ISA. Will contact them to ask re 'flexibility' though if I do.

[stevie blunder] 17/1/2014 11:36

On the subject of whether the IMIC convs can be kept in ISAs. I have been looking at the HMRC guidance for ISA Managers here:


Page 78, chapter 7, Para 7.67.

7.67 However, where ineligible investments are issued as an intermediate stage, and
those investments are short-lived, or are automatically replaced by cash, SSO will
consider whether it is possible to look through the intermediate stages and apply
the guidance at paragraph 7.2 to the initial and final investments alone. If a
reorganisation involves intermediate ineligible investments managers should submit
full details to [e-mail], and if possible well before the
planned reorganisation date.


Looks to me that some flexibility can be shown by the Tax authorities.
I have spoken to Barclays to see if they asked if it was possible to "look though" and am awaiting a reply.

Others might want to check with their ISA providers.

(Course I could be wrong that it applies here, but worth an ask)