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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Newport Network | NNG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.04 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.04 | 0.04 |
| Top Posts |
|---|
Posted at 10/1/2011 14:08 by orslega just got this from Hargreaves Lansdown - NNG is now fully wound up - claim your CGT losses10 January 2011 Dear Client Reference: Newport Networks Group Plc: First and Final Liquidation Distribution What has happened? Newport Networks Group cancelled their listing on the Alternative Investment Market on 18 March 2009. Following this they were placed into Members' Voluntary Liquidation on 17 August 2009 with Vivian Murray Bairstow and Neil John Mather of Begbies Traynor LLP being appointed Joint Liquidators. The Liquidators have now made a first and final payment to Shareholders. Shareholders have been credited with: 0.0198p in cash for each Newport Networks Share held |
Posted at 04/1/2011 09:47 by osammyboy2 Barclays have yet to tell me, despite requests, what the 'liquidation payment' is for and still show NNG in my portfolio. It is only through reading this board that I know it's for NNG. Has anyone actually got anything in writing to confirm that it's a full and final payment for our NNG holdings? |
Posted at 16/12/2010 14:50 by orslega was watching out for this - my view is that now that they have paid the full and final settlement dividend, that is it.....so that now means that CGT losses have crystallised - no one can argue with that and I will certainly being claiming neglible value for NNG on my Tax Return for the current year ending 5th April 2011.I also believe that there is a good argument to be had with HMRC - if one needed it - to claim that the CGT loss crystallised a year earlier ie in the year ended 5th April 2010 - so if you want to claim the CGT loss in y/e 5th April 2010 Tax Return because they are needed to offset gains above CGT annual allowance - then do so - just make sure that you add an additional information note to your CGT computation quoting the Receivers letter about maximum potential final distribution (NB, online filing deadline 31st January 2011. Either way, always claim your CGT losses as they can be carried forward indefinately. You never know your luck, you might just have a multibagger one day........ like blinkx!:) |
Posted at 16/12/2010 12:38 by sharewinner2 LOL. No actually, it's not very funny.I'll post the info later as just on way out but got a cheque as full and final dividend (£0.98), yes 98p. I'll need to compare how many I held in certificate to my nominee account but this will be settlement for my certificate I guess. |
Posted at 09/9/2010 12:49 by sharewinner2 Just got through the post a notice from Begbie Traynor.1. a notice of AGM 2. a proxy form for use at AGM 3. joint liquidators annual report and account. purpose of AGM to receive account of the joint liquidators acts and dealings and the conduct of winding up during the preceeding year. £65,211 cash in bank. No creditors. Dividend received £37,431. £6250 consultants fees. £921 agents fees. £227 advertising. Liquidators £15,441 to date. £80,080 in joint liquidators bank. Sufficient funds to distribute to shareholders. Timing of first and final payment depending on tax clearance therefor time of distribution unknown. Off out now, if I come across anything else in it will post. |
Posted at 26/1/2010 12:19 by randalf72 the assets were sold off to another terry matthews company in lieu of the loan facility he extended to NNG.basically we get as close to nothing as makes no difference and he has the rights to exploit the technology in the future (always assuming that it hasn't become obsolete). I still get angry that they knowingly issued a false RNS making it appear they had signed a contract, the directors should be barred from ever running another company. |
Posted at 22/1/2010 17:16 by wathchers anyone know what assets nng had prior to liquidation? If they are sold off in order to wind up would we not be entitled to that too? Just thought if nng owned offices etc and equipment that would have to be sold off and if it was members volountary liquidation ( which i believe it was) then we should get that money too? Any thoughts or advice on it welcome. |
Posted at 03/1/2010 18:43 by miyk i believe you can so losses and gains are taken in to account against cgt, with nng there is no reason why losses should not be accounted. |
Posted at 06/10/2009 18:52 by miyk pelleedsluckily i bought in to bmr at the time of buying nng. wish i bought more in bmr, have 75,000 shares and i have a feeling bmr will reach close to 10p upon news. the researcher - had a quick look on wfca- news today was reasonably ok with increased profits comparison to 2008. share price stays at 4p??? |
Posted at 06/10/2009 14:03 by pelleeds1980 Yeah ive noticed, sadly not in. Made back my NNG losses on PXS and elsewhere hope you have also recouped anything you lost on this sorry share |
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