Man.Assd.Csh Share Discussion Threads

[stevie blunder] 18/11/2008 13:19

Apparently rough diamond prices are tanking.





Can't be helping.

[hyper al] 18/11/2008 08:13

nathand

I am watching these like a hawk!

[nathand] 18/11/2008 08:09

I might hazard a guess that the many small sells have given the MMs an excuse to drop the price and with no buyers coming in it looks like they were justified in doing so to be honest.

I was tempted to open a T25 on speculation of the Severstal deal going through this month however with no actual guarantee of that being completed and certainly no guarantee of how the market will take the news even if it was I think it is still safer to remain on the sidelines, even at this low price.

I should add that I expect completion this month but have a slight concern that they may want to restructure the deal in light of market conditions.

Good luck to all.

[hyper al] 17/11/2008 19:44

Has something gone wrong with the 'Severstal Resources' deal?

Why the drop?

[arf dysg] 17/11/2008 19:41

Wow, these are really getting hammered!

I remember looking back at early 2003, when all sorts of shares were at rock-bottom prices, and noting that I could have bought absolutely anything and made a fortune in the next two years. This applied to AIM minnows and FTSE100 companies like Rolls-Royce. Hopefully, now is one of those times.

[hyper al] 09/11/2008 21:27

simon54

I think the real problem is just finding the info. For instance how many places state that Mano is Tier One listed on the TSX-V market. We all know it's on TSX, but it's the detail, which is kept away from us, why? maybe it's intended that this market is only for people in the know.

Anyway, I'm glad I can invest Mano in an ISA

[greyhound61] 09/11/2008 20:09

I have recently bought some MANA for my Selftrade Isa. No problem.

[simon54] 09/11/2008 20:03

Hyper Al,

Barclays won't allow dual-listed shares which are not registered in the UK in an ISA. They've been known (by me) to make out that this is a matter of IR regulations, but when pressed they will admit that it's a 'business decision' on their part. It's possible that Selftrade are starting to take the same line. If they tell you it's to do with the IR regs, then give them a hard time - I guess they're entitled to take whatever business decisions they wish, but not to mislead their customers as to what they're up to!

[hyper al] 06/11/2008 15:51

Arf Dysg

Thanks for info about selftrade, so it appears that they have some filter which stops you buying unsuitable stock in an ISA, will give it a go sometime and see what happens.

HGM looks very good, but that can't go in an ISA

[arf dysg] 06/11/2008 15:31

That's because they have SIPPs which allow you to put many more classes of investments in.

They have all sorts of crazy rules about ISAs, like for example, if it's shares, you're not allowed to split it into two small ISAs in one tax year. It has to be £7,200 in one ISA. If you try to do two half-size ISAs they (eventually) write you letters syaing one of the ISAs is invalid. I can't imagine that there's any point at all to this rule. You would gain flexibility by having two (or more) ISAS but you wouldn't be defrauding HMFRC because the total amount would still be your yearly allowance.

I'm sure that they just like making rules.

By the way, "HMFRC" Stands for Her Majesty's F. Revenue and Customs", in which the letter "F" stands for "bless them".



I hold MANA shares in an ISA through selftrade. If selftrade told you it was not suitable, they don't know what they're talking about. When I try to buy something through selftrade, if it's a purely AIM stock, it won't let me put it in my ISA, but if it's MANA, it will let me. Ergo, MANA is different.

selftrade were formerly squaregain, formerly comdirect.

As to their competence, let's not say exactly but just quote the old saying:
Information cures ignorance but nothing cures stupidity.

[hyper al] 06/11/2008 12:41

nathand

I am very grateful for that info.

That is the evidence I needed and I have saved it, just in case it's ever disputed by inland revenue.

Think it's crazy that they make it so difficult, why they can't just say that you can invest AIM stocks in a share ISA, I just don't know.

When I get more cash I will buy MANA, would have purchased some today but got MRS instead.

[nathand] 06/11/2008 12:35

The truth is out there...

"The Company is a Tier 1 listed company which has its common shares traded on the TSX Venture Exchange."

[dr jekyll] 06/11/2008 11:22

Sorry, Hyper Al, I have no idea but I do remember HL checking this out at the time and confirming that MANA was on their list of stocks that was suitable for an ISA.

[hyper al] 06/11/2008 11:10

Dr Jekyll

What Tier level is it on the TSX exchange?

Selftrade told me it was not suitable, so I assume Tier 3. If someone can confirm and supply evidence that it is not Tier 3, then I will buy some.

Just because you can buy the stock it does not mean its allowable in an ISA. I think the tax man has 7 years to chase you if he finds a discrepancy and you have made a gain.

[dr jekyll] 06/11/2008 10:40

I have MANA in my ISA with Hargreaves Lansdown and it has been there for years so I can confirm it is suitable for an ISA. Hope that helps guys?

[hyper al] 05/11/2008 18:56

JIMCAR

I have just opened an account with Selftrade and was surprised that I could buy any stock into my ISA with them, but it does not mean that it is within the rules of a Share ISA. The only way I found out about Mano was discussing it with someone at Selftrade.

It is not for me to offer advice. The data from all Share ISA transactions is passed back to Inland Revenue, so if you do make a gain on a share which should not be in an ISA, you could end up with a tax burden.

Mano is listed as AIM : mana, TSX : mno

AIM is not allowable.

TSX is allowable depending on which TSX exchange it is on

TSX Venture Exchange Tiers 1 & 2 only are allowable

Tier 3 is NOT allowable

This is taken from the government list of recognised exchanges at



I must admit I can't find out what tier Mano is on the TSX exchange. They certainly don't make it easy for Share ISA investors

[jimcar] 05/11/2008 18:24

Hyper

Its in my ISA

[hyper al] 05/11/2008 16:30

JIMCAR

You are wrong, Mano can NOT go in a share ISA.

It is on the TSX venture exchange, this is not recognised as a main exchange by the FSA/Tax office

[rhiannon] 03/11/2008 11:07

THE ONLY WAY IS UP?

[arf dysg] 31/10/2008 09:32

Hyper Al, one of the good things about the Severstal deal is that Mano gets plenty of cash which can be used to develop their other assets. I don't see that there will be any problem in completing the deal in November, and the director buying indicates that everything is progressing well.

[nathand] 31/10/2008 08:55

The Severstal US$12.5M is allegedly earmarked for Gold and with the Director purchases I would assume that confidence of the payment completion in November is high. That investment is around 60% the current Market Cap.

In the expectation of the above, at this price I'm back in. Though in this market any investment is on a wing and a prayer short-term!

Good luck to all.

[hyper al] 31/10/2008 08:40

nathand

As a percentage you are correct.

Just reminds us how ridiculously low the market cap is.

Don't get me wrong, I think Mano are one of the better companies in this sector, but as with many others they need cash. Will see what happens in November before I invest.

I also go along with Hectorp, they need to focus on Gold.

[nathand] 31/10/2008 08:16

Hyper.

1,500,000 shares purchased which represents approximately 0.5% of the shares in issue or approximately 1.0% of the shares which are not held by insiders, stakeholders or institutions.

Not Earth shattering, no, but significant.

[hectorp] 31/10/2008 08:11

MANA has certainly been a capitulation story of recent months but I don't appreciate that they are in diamonds and future iron ore, both of which are weak markets now. That means gold must carry the company.
all IMO...
I'm still not a buyer at this price gents sorry . I am buying'coal of Africa' CZA however.
H.