Mi-pay Investors - MPAY

Mi-pay Investors - MPAY

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Stock Name Stock Symbol Market Stock Type
Mi-pay Group Plc MPAY London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.20 1.20
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Industry Sector

Top Investor Posts

timbo003: These have been on my radar for some time as I have had an indirect interest through my shareholding in one of the Albion VCTs (Crown Place VCT) http://albion-ventures.co.uk/portfolionew/portfolio/mi-pay I was given the opportunity to participate in the placing at the beginning of last week (when the underlying share price was around 34p) and jumped at the chance given the discount and that the placing shares qualify for highly generous EIS tax breaks. For anyone who is unfamiliar with EIS, this means investors (who are UK tax payers) are only effectively paying 16.1p/share for the placing shares and they also have downside protection if it all goes belly up. Any gains will be free of CGT if it turns out to be a multi-bagger (plus a few other benefits) Summary of EIS tax breaks The only real draw back with EIS qualifying shares is that you have to hold the shares for 3 years if you wish to retain the tax reliefs, which is not a problem as far as I am concerned.
stemis: Mmmm. Lot's of bullish talk I agree but let's hope they have the cash to get there. Even if their institutional base would support a funding raising, small cap placings can be seriously detrimental to the financial health of small private investors.
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