Ekf Diagnostics Share Discussion Threads

[rivaldo] 21/5/2021 12:14

Hi cambridgedon. In the end I decided not to bother, as (1) I had other stocks to buy, (2) I already had a holding in Trellus via the dividend in specie, (3) it's not the type of stock I usually like to have a large stake in, with no revenues as at Dec'20, and (4) I couldn't be bothered with the faff of the paperwork and rushed timetable. Apart from that it was fine!

Sorry to not be of much help. It was a good exercise to keep Barclays on their toes though.

[cambridgedon] 21/5/2021 09:48

Rivaldo,
Re: Barclays. Did the letter work? I'm about to do the same for my daughter. Any tips?
CD

[pugugly] 21/5/2021 09:06

OK Process largely settled save for HL - "too big for their boots?"
Real $64K question? Prospects upside/downside? Thoughts?
- Must confess technology byond my area of competence.

[hastings] 21/5/2021 08:43

Echo that with process, very easy via Charles Stanley.

[melody9999] 20/5/2021 23:47

Trellus applcation easy enough with AJBell - just a secure message to subscribe. HL holders disadvantaged - seems HL could not be bothered.

[mirandaj] 20/5/2021 20:56

MHC RNS already posted above.

[boadicea] 20/5/2021 20:06

Having waded through much of the 23 pages of legalistic financial jargon I came to the conclusion this wasn't for me. There are apparent contradictions, e.g where it says "...you will need to..." and in the next paragraph "... if applicable..." - well is it needed always or only in some cases?
Also, the application can only be accepted by email but various copies must be "real ink originals or certified copies". I gave up.

Primary Bid did it much more easily a year ago (do they still?), including delivery to my nominee, which seemed to surprise my nominee!

Incidentally, I learned recently that HL were not currently accepting certifcates to transfer to nominee status but hoped to resume in due course..

[scorpio51] 20/5/2021 19:16

I'd be interested in any response you get from HL. I may just wait until 28th and buy on the open market.

[james188] 20/5/2021 19:12

So, after a huge amount of effort, I have now applied for Trellus shares online, transferred funds and posted money laundering clearance details to LINK.

To say that the process was clunky/difficult would be a huge understatement. I used to do this sort of thing for a living and I still struggled to wade through the process. It took a lot of time and was all very much a last minute exercise. Not acceptable.

I suspect that most PI shareholders would have given up early on. I am going to give very specific feedback to Trellus/EKF, because I think that they need to sort out a much better process if they want to encourage PI involvement, which I believe that they do. The current process deters PIs from participating and that has to change. Obviously, I still have no idea as to whether I will be allotted shares/ get scaled back. I also had to apply direct, as I gave up waiting for Charles Stanley Direct to work out a procedure. Pretty pathetic, in my view.

[senseibull] 20/5/2021 18:14

Being honest, I don’t like the fact this large customer cannot be named. It’s all speculation as to who it can be even if it seems obvious. I’d like the relationship confirmed in writing for me to invest more than I have. Even after this latest update, share price change is modest over last few months and I’m thinking I can put my money to use in a better place.

Correct me if wrong but the end of year statement suggested to me that their old core business was flagging in comparison to their new products and yet in the AGM yesterday they advised they weren’t a COVID play.

Plus the antibody tests were a non starter, I thought there would be insane demand personally

[cgequityinvest] 20/5/2021 18:10

I have an account with HL - anybody know whether it is possible to apply using HL's Crest details - so that shares get issued to your account with HL?

Alternatively is it easier to receive a share cert and forward it to HL and ask them to transfer shares to HL account?

I will call HL tomorrow (currently closed).

Lots of admin involved with any application!

[mymillie] 20/5/2021 18:03

Thanks scorpio51

[melody9999] 20/5/2021 17:44

Thanks Sharw - yes I have my head around this now and personally have revisited my in specie holding (recognising these will be locked in for 12 months) in considering what shares I would like to subscribe for under the restricted offer.

[scorpio51] 20/5/2021 17:42

HL have replied to me that they are not involved in the restricted offer

[sharw] 20/5/2021 17:34

melody9999 and others - let this be clear once and for all- EKF Shareholders on the register at 17 December 2020 received an in specie dividend of one Trellus A share for each 16.25 EKF shares. It is these that are locked in until 12 months after flotation.

IF you hold such shares then you can apply for as many new shares as you wish for 40p each and these are not 12-month restricted.

PUGUGLY - yes 40p and other matters announced at 16 31

[mymillie] 20/5/2021 16:39

FYI. issue price is 40p.
cannot get a reply from HL

[sspurt] 20/5/2021 16:32

This all feels like a mess and very last minute. You have to worry that they are struggling to get it away given the deadlines Trellus themselves posted on their website.

I am with Equiniti who are utterly useless and responded to my message to them with "If you are able to take up this offer on your EQi account you would receive a corportae action invtation by secure message and no invitation has been issued"

[james188] 20/5/2021 16:29

The application form is now available on the Trellus website for direct applicants.

[melody9999] 20/5/2021 16:22

To add my 2p worth, sometimes you have to subscribe to offers eg with Primarybid without knowing the share price. However it would appear that in this case, if you subscribe, your shares are locked up for 1 year. Is that correct?

Also with VRCI, there was a free allocation of shares - I got AJBell to confirm I had 3700 as they were 'locked up' for a year.

Looking in the pathfinder but does not seem to be a free issue unless I have missed it?

[rivaldo] 20/5/2021 16:17

Barclays have just sent me (emailed) a letter addressed "To whom it may concern", confirming the number of EKF shares I hold, and held at the in specie distribution date, and that I'm the beneficial owner.

This was the suggestion of the Walbrook PR guy I spoke to earlier. He suggested I should then send this to [e-mail], though I'm going to check this, and then fill in the application form etc.

Barclays have actually acted extremely quickly on this, so credit to them. Hope it's helpful.

[cambridgedon] 20/5/2021 16:03

If anyone is with Barclays and gets the OK please can you post. I'm talking to them now. Painful!
CD

[cambridgedon] 20/5/2021 15:29

Why is the timing so tight? RENX was the same scramble!
CD

[scorpio51] 20/5/2021 15:21

This is just one example where we,as shareholders,are having to inform the brokers. This is not acceptable.

[james188] 20/5/2021 15:14

To add my experience to the list. Interactive Investor sent me a message advising that I could effect a corporate action to invest through my SIPP account. I have just spoken to Charles Stanley Direct (through whom I hold additional Trellus shares)and the position there is that they were notified of Restricted Offer this morning, but they are not yet clear that the offer is open, although they agree that I am a Qualifying Shareholder who is entitled to apply. I gather that other investors have also contacted them and they are working out how best to resolve matters. I agree that all of this is sub-optimal.