Ip Share Discussion Threads

[arthur_lame_stocks] 16/8/2024 08:23

Why don't they just cancel them?

[cirlbunting1] 16/8/2024 07:57

how is NAV calculated? Simply: assets - liabilities = equity. What is kept on the equity side thanks to companies act 06? Treasury shares. Often, its split into 2 components on the equity statement depending on the trust (i.e., share repurchase reserve or share premium acct). Most commonly, companies that repurchase their shares at a discount to NAV likely intend to sell them later if they anticipate a price increase (also too boost liquidity). If the shares are sold at a higher price than the repurchase cost, the profit is recorded in the share premium account (which also includes net proceeds from new shares). Shares bought at cost will remain in the share repurchase reserve account. You also have the capital redemption acct too (diff to capital reserve) which is often the account that represents the shares repurchased for cancellation. Trusts will have their AGMs to vote on what to do etc.

[bamboo2] 15/8/2024 18:20

hi paliz, Thanks to you and others for the replies.

I probably need to do some research on this! Anyone any pointers or links.

[palisz] 15/8/2024 16:19

No, treasury shares are nothing, until re-issued have no value, no vote, no purpose.
It's purely paperwork to cancel.

[bamboo2] 15/8/2024 15:41

So shares held in treasury are marked to market? [ie current share price]

[cirlbunting1] 15/8/2024 12:39

Ofc its included in the nav if theyre in treasury.. hence most trusts have it in treasury to ensure shareholders benefit when the stock rises (esp if theres a discount to nav).

[eeza] 15/8/2024 10:40

But should, most definitely, be included for EPS and NAV as they still exist and can be re-issued (BOD freebies etc).

[palisz] 15/8/2024 10:16

Treasury stock has no voting rights, does not collect dividends and is not included when calculating eps or NAV. So Yes, there is reverse dilution.

[bamboo2] 15/8/2024 08:58

TR-1 Holdings notice this morning comes from the Railways Pension Trustee Company Limited held [?] by BNY Nominees Limited

It contains the line, "RPTCL's total holding has increased as a result of IP Group's share buyback program." The holding goes from 15.33% to 16.01%

I have an idea that if the shares in treasury aren't cancelled, then there is no reverse dilution [concentration?]. Anyone know?

[my retirement fund] 14/8/2024 22:14

I'm guessing the magnetic gear coupling balderdash swallowed several rounds of funding before being quietly shelved? I imagine some of the projects over the years could have made a lot of material for a few comedians, though, no ?

[my retirement fund] 14/8/2024 18:29

And just like that, I was out for 40.2p. Just trading, I always felt the underlying investment prospects were well dodgy. What happened to the chewing gum, I think they made a few bob off that, no?

[bamboo2] 14/8/2024 09:12

Bagpuss, it'd be nice if we got a TR-1 here!

Will the co. cancel the shares held in treasury?

[bagpuss67] 14/8/2024 07:08

Novo helping themselves to a bit more Nanopore..

[bamboo2] 13/8/2024 21:32

Vol. 36.5m approx excluding any late reports tomorrow.

[my retirement fund] 13/8/2024 12:13

Looks gay, I'm in!

[p1nkfish] 13/8/2024 12:09

Yes - don't rely on Edison or IPO to have a handle on the timeline to any accuracy better than 6 months.

[palisz] 13/8/2024 11:52

I'm bored, lets speculate! Pure speculation, but,
Remember Istesso was approached in Jan 2023 to be merged / taken over by a SPAC.
At the time it was said a valuation of ' several hundred million' was seen likely.
(Sky news)
Since then there has been more progress and news. Maybe the delay over revealing results is that new negotiations have reached serious levels! With 58% IPO has the vote. Management's desire vs buyer. Again pure speculation. OK, I'm dreaming. Other ideas?

[p1nkfish] 13/8/2024 11:51

Answer is probably NO, but if UK Gov really wants growth and new industries there is a chance IPO could be a beneficiary as Gov encourage capital into British Deep-Tech for the med-long term.

For sure we will not recreate another Apple or Meta but there are other areas we can have a lead in and it won't be house building. New industries needed based on science, not servers.

[p1nkfish] 13/8/2024 11:46

It's weird ofvthe back of multiple days > 3 month average daily volumes.
Still few if any 3% holder change notifications.

[palisz] 13/8/2024 11:18

Volume 33,000,000 shares traded, as of 12.00 Wow!
That's serious volume
Something's afoot!

[p1nkfish] 13/8/2024 11:01

This is one of the weirdest situations I can remember. Volume, price level vs NAV, general stuff. All weird.

[p1nkfish] 13/8/2024 11:00

Perhaps Edison were wrong on dates?