Ft Tre Discussion Threads

[ianbrewster] 23/1/2013 13:55

Both options will give cash, depends whether it suits you better to get it as income or capital.

[azalea] 22/1/2013 16:48

For me 'Cash is King'.

[boystown] 22/1/2013 16:44

I've got my email from Selftarde:

Option 1 - Income - Elect to receive a special dividend of 6 pence per B Share (Default); Option 2 - Capital - Elect for Share Purchase Offer of 6 pence per B Share.

What's the best idea? Take the cash?

[azalea] 17/1/2013 21:53

If there was any doubt about S.T. figures, maximum liability and his conclusion that the private equity portfolio is being valued at half book value "that looks way too low and I remain a firm buyer of the shares"; I don't think the various major shareholders would be collectively sitting on 83.83% of the shares in issue.(Morningstar Premium Service data).

[edwardt] 17/1/2013 15:33

all sounds good - assuming the private equity is indeed worth 45p - i suspect that the bionasa holding and the forever impending court action is key.

[azalea] 17/1/2013 14:02

Simon Thompson(10/1/13) the costs per share of the 6p dividend, 4p for winding up the company and a maximum liability of 14p a share to Trading Emmisions,is covered by the net cash of £61m or 24.4p a share. This leave the current sp(circa 25p) at a significant discount to its private equity portfolio worth 45p a share.

Given the uncertainty in the markets, the discount that will materialise in the form of cash being returned to holders as the company is wound up by 2014, is not to be sniffed at. I am adding.

[jezza123] 16/1/2013 16:48

yep - my spreadbet position yielded 6p

[praipus] 16/1/2013 08:53

Yep from the RNS


Trading Emissions PLC Distribution Timetable
PrintAlert
TIDMTRE
RNS Number : 2048V
Trading Emissions PLC
10 January 2013
Trading Emissions plc
(the "Company")
Distribution Timetable
Further to the announcement made on 7 January 2013, the Board of Directors of the Company is pleased to announce the indicative timetable relating to the distribution of 6 pence per ordinary share (approximately GBP15 million) to be made to Shareholders. The distribution will be made via a B Share Scheme and will be subject to the indicative timetable set out below.

Existing Ordinary Shares marked ex-entitlement 16 January 2013
to B Shares

Record date for B shares 18 January 2013

Information circular and Form of 18 January 2013
Election sent to Shareholders

B Shares issued (including crediting 21 January 2013
interim CREST entitlements)

Election deadline for B Share Choices 4 February 2013

B Share Dividend Date and Purchase 11 February
Date 2013
Enquiries:

IOMA Fund and Investment
Management Limited (Philip
Scales) [phone]
Liberum Capital Limited
(Steve Pearce / Tom Fyson) [phone]
Background to the B Share Scheme
At the Company's Annual General Meeting held on 2 December 2011, new Articles of Association were adopted which provide for the creation of new B share classes. Further details were described in a circular dated 9 November 2011 that convened the above Annual General Meeting. A copy of this circular is available for download from the Company's website: www.tradingemissionsplc.com
Capitalised terms used in this announcement are as defined in the circular described above.
This information is provided by RNS
The company news service from the London Stock Exchange
END

[brownie69] 16/1/2013 08:32

6p paid today I guess judging by the share price drop?

[jezza123] 14/1/2013 09:57

dare I type this.... are we finally free of 30p?

[edwardt] 11/1/2013 10:21

roll it back in!

[praipus] 10/1/2013 11:19

Any views on how to play the B share issue?

[jezza123] 10/1/2013 11:09

well this thing is desperately trying to break the 30p resistance level that has been our ceiling all the way through 2012 - can she do it this time?

[jaws6] 10/1/2013 09:32

News re 6 p divi time table today

[edwardt] 09/1/2013 13:24

apologies!

[edwardt] 09/1/2013 13:07

weiss reducing again - i guess no surprises saying as they picked up most of them from Neil Woodford at circa 16p - not a bad turn!

[norbert colon] 07/1/2013 18:03

From the IC. Simon Thompson recommendation Trading Emissions (TRE) has announced its intention to return £15m to shareholders as soon as practicable. BUY.

[norbert colon] 07/1/2013 16:23

Badly worded by me. 20% of current valuation (or market cap). Either way good news and look forward to more of this.

[jezza123] 07/1/2013 08:31

well our market cap is 75million at the moment - so 15milion returned is more like 20% isn't it?

[norbert colon] 07/1/2013 08:18

so circa 6p/share to be returned = 20% of market cap.

[asparks] 04/1/2013 10:48

large trades today

[praipus] 06/12/2012 11:07

Weiss trimming the TRE holding to 25.79%


Track where they invest the proceeds on the WAM thread

[praipus] 05/12/2012 09:20

Good move, selling assets at more than carrying book value :-)

[praipus] 14/11/2012 14:21

Another IC reader buying 30,000,000 TRE, Praxient Capital LLP :-)