Eqtec Share Discussion Threads

[crosschris] 18/1/2021 14:40

"Until EQTEC proves itself, it remains a highly speculative investment with extreme share price volatility. Yet, I think it looks like it’s in the right place at the right time and its share price could see considerable upside in the coming year. I’m tempted to invest a small amount but realise there’s considerable risk in a stock like this. It doesn’t have a history of paying dividends, so this is purely a growth stock and not an income play"

[hoper1] 18/1/2021 12:15

Do you mean INSE?

[smart solution] 18/1/2021 12:06

INSP next guys - green stock.

[juju44] 18/1/2021 11:47

It would be nice to get to blue sky - very bullish

[pal44] 18/1/2021 09:40

Can't buy NT all the time

[soggy] 16/1/2021 17:17

I was quite taken aback as well, so please let us know how you get on.

[huntgs] 16/1/2021 16:58

I am taking this up with my broker. The way I read the definition is Finance Act 2014

The new stamp taxes exemption is set out in Clause 108 (Abolition of stamp duty and SDRT: securities on recognised growth markets) and Schedule 20 of the Finance Act 2014. The exemption took effect from 28 April 2014 and stamp taxes on the purchases of securities listed on "recognised growth markets", which includes the London Stock Exchange's AIM market, were abolished provided that those securities are not also listed on a "recognised stock exchange".

Recognised Growth Market
To qualify as a "recognised growth market", a market must be an HMRC "recognised stock exchange" and satisfy one of the following two requirements:

A majority of companies traded on that market must have a respective market capitalisation below £170mn; or
The market's rules require that companies seeking admission demonstrate at least 20% compounded annual growth in revenue or employment over the 3 years prior to admission.
At present, five markets have been recognised by HMRC; AIM, ISDX and the "LSE High Growth Sector" in the UK, and the Dublin ESM and GXG Markets. HMRC will publish and maintain a list of recognised growth markets.

The LSE has released an exemption form to be certified by the issuer for Euroclear to enable settlement in CREST to occur without deducting stamp duty. Companies whose securities will no longer be eligible for the exemption are required to give at least 2 business days' notice of the same in advance to Euroclear.

Dual Listed AIM Companies
The exemption will not be available in relation to securities which are also listed on a "recognised stock exchange", a list of which is maintained by HMRC and includes many overseas stock exchanges such as the TSX and TSXV (Tiers 1 & 2). It is likely that most overseas companies on AIM will not benefit from this new exemption if they are dual listed. However, this will not disadvantage such companies where they are dual listed on a "recognised stock exchange" transactions in the depositary interests representing their shares (which are what is technically traded through CREST are already exempt from stamp taxes.

As a result, in practice only UK incorporated AIM companies who are dual listed on an overseas recognised stock exchange will remain within the scope of the stamp taxes.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

As Eqtec is an overseas company but only listed on the aim market I think it should be exempt. Have to wait and see what happens. i'm fighting for over £800 stamp duty.

[hoper1] 16/1/2021 13:20

Not sure it isn't 1% on Eqt but may be wrong

[n73] 16/1/2021 10:43

Anyone buying shares in UK is liable to pay a stamp duty of 0.5%.Hope this helps.

[aja2] 15/1/2021 22:55

Usually 0.5%

[bosbus] 15/1/2021 20:34

What % is the charge?

[hoper1] 15/1/2021 14:15

Yep. I think it's because it an Irish company.

[huntgs] 15/1/2021 13:48

Question.. Ive just noticed I have been charged stamp duty on my purchase of EQT. Been an aim stock it should be exempt. Has anyone else had the same costs?

[moormoney] 15/1/2021 13:31

Holding well today.

[juju44] 14/1/2021 13:43

Time to start looking for a new high on the chart

[city chappy] 14/1/2021 13:39

Back in. Looking good.

[soggy] 14/1/2021 12:46

Not a chartist, but that little trip back down from the spike looks about normal to me, and now we continue our steady rise - after all, with the story as good as this one it seems to me that there's still such a long way to go with EQT.

[juju44] 14/1/2021 11:37

Yep , wood probably a bigger impact

[skinny] 14/1/2021 11:33

Hammer reversal still looking in tact.


free stock charts from uk.advfn.com

[meganxmas] 14/1/2021 11:30

Tie up with Wood Group is the big one that I would like to see. Huge valudation. Yes patent issue too but feel that will resolve in time. In meantime ongoing commercial progress on key projects more than enough. This feels like one of these stocks that in a few years time you will eother be delighted you held or kicking yourself for lack of patience. Each to their own.

[juju44] 14/1/2021 11:26

Lots of news to come . Patent issue resolution would be major

[bitcoin tosser] 14/1/2021 08:43

PHE placing to mates.

[bmnsa] 13/1/2021 17:05

Gud day to you too cobber

[andyview] 13/1/2021 12:56

Great rebound from sub2's. I had previously sold a small amount but couldn't resist getting back in. Very positive future ahead here imho

gla