MDY Healthcare Share Discussion Threads

[hotfinance14] 22/8/2017 21:40

I can confirm the amount to be distributed will be approx £3m.

[hotfinance14] 21/8/2017 14:16

Marksp..Perhaps you could help those that don't have the report and provide the figure.

[marksp2011] 21/8/2017 13:18

Well done HF

In excess of £1

That should cover it and add so much to the conversation. Looks like you are many millions out but technically correct just completely misleading

[russman] 21/8/2017 09:57

Not had my divi yet.

[hotfinance14] 21/8/2017 09:16

Marksp...read my post..it states in excess.

[forcemode] 19/8/2017 04:28

Where can I find the report? TIA

[marksp2011] 18/8/2017 13:24

Read the report HF there should be more than that

[hotfinance14] 18/8/2017 08:56

There will be a further distribution on excess of £500k.

[forcemode] 18/8/2017 08:09

Received my payment today in Barclays. Is that the lot now or can we expect another divi/bonus? If not I've only lost 85% of my original investment! TIA

[forcemode] 16/8/2017 04:22

That's some approximation at GBP0.036695 !!!

[hotfinance14] 15/8/2017 21:07

The report states they expect to receive £500k from Stanmore late 2017/early 2018. There is also £76k of unclaimed dividends which they areseeking legal advice on how this is treated.

[hotfinance14] 15/8/2017 20:54

What % did MDY own of Stanmore ? I assume MDY receive that % soon.

[hotfinance14] 15/8/2017 20:52

I received my cheque today.

[marksp2011] 15/8/2017 19:28

I see the preference shareholders did well. I wonder who they were :)

[culver] 15/8/2017 17:47

Message from my SIPP manager:
"Following the Liquidation, the Liquidators have declared a further distribution of approximately GBP0.036695 per share.

Cash proceeds were credited to accounts on 15 August 2017."

We are due a Liquidator's Progress Report soon which might provide more info. The liquidator of the holding company for Stanmore shares (see post 4188), AIMIM Ltd (formerly SIW Holdings Ltd), filed the annual report for that company ( includes a note that £4.5m is held in escrow and is not expected to be released until October 2017.

[gbcol] 10/2/2017 12:01

Thanks for posting culver

[culver] 10/2/2017 10:51

Reply from liquidators' office to my request for a 6m update:

"Unfortunately we cannot confirm when the final distribution will be declared, the liquidation will last at least another 12 months to enable the Joint Liquidators to realise the company’s assets in full. There will likely be another distribution at an estimated 4 to 7 pence per share which is expected to be towards the end of the liquidation."

[russman] 14/9/2016 09:06

Payout is deemed to be a return of capital. Hurrah.

[culver] 11/9/2016 15:56

No definite timing on remaining payment(s). See posts 4182 onwards

[sweepie2] 11/9/2016 11:30

When is the second payment due? Or is this the only payment due?
Thanks for any reply

[skanjete2] 29/8/2016 09:14

Thank you for the response.

[marksp2011] 26/8/2016 12:03

get a grip

Total payout will be around 12p so there is about 5 p to come and that will appear
over the next 2 years. Money could be a bit more or a bit less.

[scorpione] 26/8/2016 09:37

According to my notification from Selftrade, this is an interim payment which would lead me to believe that a 'final' payment is still due. I have e-mailed Trish Sankey but no response as yet.

[glynedwards] 16/8/2016 10:29

Should be return of capital rather than dividend so i think it's either a capital gain or loss depending on the cost of your investment.