Leyshon Resources Share Discussion Threads

[beaujolly] 16/1/2014 19:38

AAAAAAAAAAAARRRRRRRRRRRRHHHHHHHHHHHHHH!

You get 1000 shares in LEN if you had 1000 shares in LRL.
So on the 23rd you would have 1000 shares in each.
The price of LRL and LEN will be determined by the market at 8am on every trading day for LRL before and after the 23rd and from 8am on the 23rd and after for LEN.
If you are still confused I recommend:

[johnwalton] 16/1/2014 19:26

sock

you need to stop the silly talk.

lrl is trading above true value at 1.75p

if len trades above 5.75 you are infront of the total
value of your shares on the 14th.

I suspect Len will open around 8-9p and we will all be happy.

Obviously news might change all that.

[socktrade1] 16/1/2014 19:16

"he Book Cost of your original holding of Leyshon Resources will be apportioned between the Existing Leyshon Resources shares and the New Leyshon Energy "

this is confusing??? if i have £1,000 in lrl then i should have a book cost of £1,000 in len too, the difference will be in the share price but the book cost should be the same if i have 100 shares in lrl i will have 100 shares in len, so what does the statement above mean? that my £1,000 book cost will be split £500 in len and £500 in lrl if so then we will worse off ??? pleaseexplain.. anyone??

[upthediff] 16/1/2014 18:52

Selftrade let you go in and change the book cost. Useful when you transfer stock from other places. Not sure about other brokers.

[socktrade1] 16/1/2014 18:32

can anyone explain??? example i have 100 shares in lrl book cost?: £1,000 i will get 100 shares in len, but will the book cost for len be £1000 too?

[edward3] 16/1/2014 18:24

Not sure on how the book cost will be worked out your best bet would be to speak to your broker, or maybe pro rata the price based on maybe the cash both companies have in the bank....

[socktrade1] 16/1/2014 18:19

when i log into my share dealing account on len will the book cost be the same as the book cost in lrl? people seem to think about the valuse and the share price at the time, i dont mean that, i mean the book cost

[socktrade1] 16/1/2014 18:16

i understand that but i am not asking about the value.. im talking about the book cost, if i have £1,000 in lrl when len lists i will have the same amount of shares 1 for 1 but will the book cost be £1,000 if my book cost is £1k in lrl

[sirraman] 16/1/2014 17:42

you will get 1 for 1 share in LEN on 23rd...the market value of these shares will be whatever is the value when it first trades at and the MMs will basically set the scene as they usually do !

The combined share price of LRL + LEN may well be higher than that of old LRL at close on the 14th ...who knows?

Just gotta be patient and see what prevails...

Sirra.

[socktrade1] 16/1/2014 17:17

in simple terms.. if i have £1,000 book cost in lrl and for example 100 shares,i will get 100 shares in len but will the book cost be £1,000 in each company or will the book cost split? i get the same number of shares in len but will the book cost be £1k in len and £1k in lrl?

[johnwalton] 16/1/2014 16:51

I expect LEN to open above lrl close on the 14th.

I hope around 8-9p. This would be at cash figure.

The way that LRL has performed 15th and 16th is fantastic
when you way up the cash and lack of a business.

If LEN perform like lrl you would be at or over 17p but
I would expect len to get heavily sold without news at any price
over 8-9-10p.

I was only ever in lrl for the gas so I am holding len

GL sock

[boadicea] 16/1/2014 16:49

socktrade1 - You will get the same number of shares in LEN as you held in LRL at the close of business on 14th Jan regardless of whether you sell LRL on or after the ex-date (15th Jan, yesterday).
The book cost of LEN will become
[designated price of LEN] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL]
The designated prices are usually the opening prices on the initial day of trading after the split.

The point which worries me is that the initial trading dates of the two shares LEN and LRL after the split are not con-current and I am therefore wondering if the designated price of LRL might be the opening price on 23rd Jan rather than 15th Jan. One needs advice on that point.

Similarly the book cost of your LRL shares becomes
[designated price of LRL] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL]

If you add the book costs attributed to the two parts of the split you will find it equals the original book cost - as indeed it must.

[socktrade1] 16/1/2014 16:44

John what do you mean by they will let me... if i am entitled to these shares then i should be able to trade irrespective of whether i have sold lrl or not.. i trade with halifax... i would like 2p so i will wait until tomorrow and see what i can get.. btw you sold your lrl shares right? what do yuo expect the opening price to be for len and where do you see it ending on the day?

[johnwalton] 16/1/2014 16:39

how many times are you going to ask the same question.

it's 1 for 1 and you can sell LRL and get your LEN shares
on or after the 23rd.

Decent broker will let you trade len on the 23rd without
your shares.

[socktrade1] 16/1/2014 16:30

oh here it is Leyshon Resources Limited (Leyshon Resources) is proposing a Demerger of its energy and mineral businesses into Leyshon Energy Limited (Leyshon Energy) as of Ex-entitlement Date 15th January 2014 at a ratio as yet to be determined.

how many of you have sold.. if i have £1k for example in lrl bookcost.. i will get £1k bookcost in len right? so i can sell Today and still qualify

[sos100] 16/1/2014 16:29

is anyone holding through tdw because i've got nothing from them..

suprised that there's no more news from the broker end on when we get our shares in the new company.Efficency not there strong point just hope they don't take weeks to give our shares.

i once held shares in CAF spun off my holdings in wti and those shares took a few weeks to hit my account.

[socktrade1] 16/1/2014 16:26

did anyone get confirmation through their share broker yesterday that you will get sjhares in len? i didnt receive anything im worried that i sell my shares in lrl and wont get any shares in len

[socktrade1] 16/1/2014 16:23

im in a dilema i want to sell lrl, but im worried the opening price of len might be very low. very confused to be honest

[morriseyme] 16/1/2014 16:12

o/t Heads up. GWMO going very strongly into close and at highs of the day

£2m market cap and drilling programme to start very soon. These will hit 3p+ tomm. and possibly 5p+ next week

[nil pd] 16/1/2014 16:11

Frankly it doesn't surprise me if people want to sell the new LRL from 15 Jan 2014 onward. After all, the original reason for entering old LRL pre-15 Jan 2014 (for most) will have been the gas.

Hence the trend from here on will be sell new LRL; hold or buy LEN.

I expect pre-15 Jan 2014 holders to be significantly ahead with their valuation of both companies compared with the old wallflower LRL valuation of early January. Given this it might be worthwhile holding the rump of LRL longer because it looks like new buyers are interested in the gold after all.

[johnwalton] 16/1/2014 15:17

beau 17p would be fantastic on the second day for LE.

I just did not fancy lrl as a gamble at the price.

[pro_better] 16/1/2014 15:02

so £2m cash and

MT Leyshon gold asset


lets see how much the market values it...

or if market expects the new mineral asset, the co is after, to be a cracker...

[beaujolly] 16/1/2014 14:37

Be nice if the upside vs cash is the same sort of ratio on Energy when they list/trade :)

[johnwalton] 16/1/2014 14:27

I thought that I was getting a good deal yesterday at average 1.45.

Without news this will re rate

[beaujolly] 16/1/2014 14:10

Surprised John. 2 to 1 buys vs sells and people are paying 1.88p for these.