Manx Telecom Share Discussion Threads

[cwa1] 29/5/2019 15:45

iWeb have finally coughed up the cash.

[cwa1] 28/5/2019 08:36

Damn shauney2, I had forgotten about Barclays(whom I left-because they were So bad-many years ago)! So the struggle for the least efficient broker title is still on :-)

[shauney2] 28/5/2019 07:53

Ditto with Barclays CWA1

[cwa1] 28/5/2019 07:05

Still nothing in at iWeb for me. Anyone else not received their cash yet or are iWeb officially the slowest broker on the planet?

[robsy2] 28/5/2019 06:55

Nice one. I am already a long-term holder.
Next!

[eggbaconandbubble] 28/5/2019 06:27

CLIG (LON) - City of London Investment Group

Don't get it mixed up with CTY (LON)- City of London Investment Trust

[robsy2] 28/5/2019 06:15

I think we are done here. I am now looking for an income producing stock to replace MANX. Any suggestions welcomed.
Thanks
R2

[cwa1] 24/5/2019 12:43

Settlement cash in at Selftrade, ii and Youinvest. As per iWeb are bringing up the rear and no cash there yet. To be fair tho', they have credited the dividend now...

[grahamburn] 23/5/2019 11:28

Dividend been credited to II accounts.

[cwa1] 23/5/2019 10:46

Morning S

Yes, I had today down as the date for payment. It says this though:

The latest date for the despatch of cheques or the settlement of the consideration in relation to the Scheme is 23 May 2019 (being 14 days after the Effective Date).

Kind of hoping it isn't by cheque to brokers though, as that might add a few days to the process. Thankfully I'm not in a rush as I've become somewhat nervous of markets and have been moving heavily towards cash in the past month or two, therefore have plenty of cash to play with across the portfolios.

FWIW, I was a holder of MANX across three different brokers. None have debited the cash yet. However two out of the three have coughed the dividend so far with only iWeb dragging their feet( a common issue with them I've found, unfortunately).

[santangello] 23/5/2019 05:49

Am I correct in assuming today is the day we are credited with our proceeds from the purchase of the company ?

[grahamburn] 08/5/2019 15:12

Payment (of both the dividend and the capital sum) is due 23 May according to the original timetable as the legal formalities play out. So far as I know, there hasn't been an announcement to the contrary.

[stevegrass777] 08/5/2019 13:40

It means your cheques in the post.
And manx is nearly de listed.

[robsy2] 08/5/2019 07:12

ok. so nothing untoward.
Thanks
R2

[cottoner] 08/5/2019 06:52

Manx Telecom plc ("Manx" or the "Company") is pleased to announce that the Scheme was sanctioned by the Court earlier today. It is expected that the Scheme will become effective on 9 May 2019.



Dealings in Manx Ordinary Shares will be suspended from trading on AIM with effect from 7.30 a.m. on 8 May 2019. Subject to the Scheme becoming effective, it is expected that the admission of Manx Ordinary Shares to trading on AIM will be cancelled at 7.00 a.m. on 10 May 2019.

[robsy2] 08/5/2019 06:44

Suspension? Anyone have any idea what this means?
R2

[joan of arc] 29/4/2019 08:21

Thanks rik

[rik shaw] 28/4/2019 19:23

Scheme documents indicate 'Settlement of the Dividend and consideration payable under the Acquisition by 23 May 2019'

[joan of arc] 28/4/2019 13:08

Anyone know the likely date for receiving the cash now that the deal is all but signed and dusted?

[eggbaconandbubble] 28/4/2019 03:15

RNS. TUCK UP!

[eggbaconandbubble] 28/3/2019 10:13

217p to buy. Must say something. Surely?

[zouppy] 28/3/2019 08:46

Something or nothing. I suspect that the hedge funds are purchasing shares to place doubt in the bidders mind that they will get the 70% of shares required to squeeze out the balance. Causing them to raise their bid modestly. That feels more likely than a rival bidder, but who knows.

[robin_lemer] 27/3/2019 15:43

Interestingly both Sandgrove and Tavira keep increasing their stakes

[robsy2] 27/3/2019 15:29

Um ...no.
I am sitting tight here and with ISAT as well, hoping for higher bids.
R2

[eggbaconandbubble] 27/3/2019 14:26

So, Anyone got any theories on what's going down here?