Metal-tech Share Discussion Threads

[battlebus2] 04/9/2012 08:05

Have the MM's suddenly realised you could buy for 30p yesterday and get tender for 32.1 so marked up this morning now 32.5 to buy.

[battlebus2] 03/9/2012 09:11

Don't believe we will have any tax to pay just UK capital gains if any apply and doubt if many hold enough shares for that. Your nominee/broker will sort it all.

[zangdook] 03/9/2012 09:07

yeah I read all that. I have a slight hangover and wonder if anyone disagrees with my interpretation of it.

I also wonder if we'll have to complete the forms it mentions in 5.3.1.

[battlebus2] 03/9/2012 08:50

Without derogating from any other tax exemption available to foreign residents disposing of their Metal-Tech Shares, UK residents disposing of their Metal-Tech Shares may be able to rely on the UK-Israel Double Taxation Treaty (the "Treaty"), which exempts UK residents (for purpose of the Treaty) from Israeli tax on capital gains arising from such disposals where the capital gains are "subject to tax" in the UK and are not attributable to either an Israeli permanent establishment of the UK residents or an Israeli fixed base available for the purpose of performing professional services. However, where Metal-Tech Shares are held by a UK company that qualifies under UK law for the substantial shareholder exemption from corporation tax on chargeable gains or any other relevant exemption from chargeable gains, it is unlikely that the Israeli tax authority will accept that the benefits of the Treaty apply as the capital gain would in fact not be "subject to tax" in the UK. Therefore, the exemption contained within the Israeli domestic regulations may be the only exemption available from Israeli capital gains tax where a UK resident taxpayer is exempt from UK tax (under UK domestic law) on the disposal of Metal-Tech Shares. Accordingly, UK shareholders who are unable to benefit from the Treaty may wish to utilise a exemption on capital gains arising from the sale of shares in an Israeli company which were purchased after their registration in a stock exchange outside Israel. This additional exemption applies upon application to the Israeli tax authority.

[zangdook] 03/9/2012 08:46

Does anyone read the tax info differently? Are we going to have anything witheld in Israel?

[battlebus2] 03/9/2012 08:35

Buy for 30p now and get 32.1p.

[battlebus2] 03/9/2012 08:08

Thanks Pomp slightly more than i was suspecting, i did fire a few warning shots last week about needing 32p so i'll be taking up the offer in full. A great end well done everyone.

[pomp circumstance] 03/9/2012 08:03

32.1p a share

[27howard] 03/9/2012 07:45

For a split second there I thought they were offering 94p, a 300+% increase on
the closing price :-))

[battlebus2] 03/9/2012 07:41

Such a long winded piece of .... What are we getting?

[pomp circumstance] 03/9/2012 07:31

bit sneaky not to pay us exactly the same, im not calling the Israelis penny pinchers... but the Israelis are penny pinching ;)

[zangdook] 03/9/2012 07:23

I think all that waffle about tax is saying no withholding tax for non-Israelis, but as it's the morning after the night before I shall have to re-read it later.

[pomp circumstance] 03/9/2012 07:18

I was saying ........ ;)

[pomp circumstance] 31/8/2012 11:24

Aik thinks its reasonable to offer priv shareholders the same as hes selling it. He knows he still taking a risk holding 50%, but one imagines with ISCAR involved they have more strength in the court batle. Im pretty confident of gettign 32-33p and Im thinking of keeping 20% of my holding for the ride.

[lindsway] 31/8/2012 11:13

Uzbek claim is the big unknown. There are some updates on iii board but nothing very recent.

Iscar buying and Aik selling 51% at 33.4p, and the ex-director Ran Maimon selling all at 32, gives some reason to think around 32-33p is fair given all the circumstances (ie company needs cash).

But equally any less than 32-33p is clearly NOT fair, because that is where the big trades are. So if offered less then hold on.

[mudbath] 30/8/2012 08:47

battlebus,I sold half @ 12pence and have been selling ever since.Always leave some for the next investor is not a bad maxim and in any event all proceeds have been re- invested in PUR which,as you know, looks particularly tasty.

[pomp circumstance] 30/8/2012 07:31

the problem as MTT see it isnt so much the winning, its then actually getting the money.

It is quite temping to accept the 32p on 75% when it comes(in the next few dats hopefully) and keep a few for fun.

[charlie] 29/8/2012 23:56

Agree if we do not get at least 32p then I would keep the shares.

Iscar (80% owned by Warren Buffett) is an honest partner, and after delisting MTT could get tens of millions from the Uzbekistan arbitration.

[battlebus2] 29/8/2012 18:52

Nice late trade for 50k at 28p.

[battlebus2] 29/8/2012 16:45

Yes the buyers to make a tender offer for the outstanding shares including mine at 32p per share. If i don't get that i'll be keeping mine even if we are taken of the market.

[pomp circumstance] 29/8/2012 16:39

arent we waiting for something?

[battlebus2] 29/8/2012 16:37

Mudbath did you hold onto any shares here?

[mudbath] 29/8/2012 16:27

No regrets here PC.

[battlebus2] 29/8/2012 16:19

Your still not saying why lol.