Plethora Solutions Share Discussion Threads

[tsmith2] 04/3/2016 09:58

Regent is a stock you can trade via international account with Barclays..

[lagosboy] 04/3/2016 09:53

zangdook - I use TD and am pretty much buying everyday on both T2 and T20 as I want as much exposure here as I can get with RP at .082 levels. It would need to fall to 0.02, which looks highly unlikely to me.

[waggle] 04/3/2016 09:36

I am struggling to understand sales at the moment...gievn the closing price of RP575 at 8.2 cents that gives an quivalent price of 11.56p using exchange at 11.
RP price has to fall below 2.58c to end up with a net loss. am I missingt he point somewhere? or do people feel that for some strange reason the courts may put a spanner in the works on monday? doubtful in the extreme in my opinion.

[zangdook] 04/3/2016 09:26

I see there are still plenty of trades going through, even though some brokers can't manage to do their jobs.

I'm thinking about TD, though before I make a decision I'd like to know if they keep on allowing trades right up to the close on the last day.

Has anyone here used IG's sharedealing service?

[plootocrat] 04/3/2016 09:13

My understanding is that you will effectively be forced to sell the shares in the Barclays ISA. Even if you do open an International account I think you would have to sell the shares and buy them back into the International account. And whilst a transfer of your ISA to another broker is theoretically possible, time is against you as such transfers typically take around six weeks whereas the PLE shares are going to be suspended from AIM next week.
I asked Barclays for clarification on these issues last Thursday and apart from the usual automatically generated email reply "thanks for your enquiry, we aim to respond within two working days", I have not had a response. V disappointing.

[em_tesla_] 03/3/2016 17:49

Regarding holding PLE with Barclays, I have a small holding of 35K shares in an ISA with Barclays and 12K shares in a Barclays Market Master account.

Are my PLE shares in the ISA doomed?

Would I need to transfer the lot (ISA and MM) into a Barclays International trader account?

If I do not want an International trader account will I be forced to sell them or can I move them to another broker?

[cerrito] 03/3/2016 14:20

Yes Plootocrat just spoken to BY who tell me that if I do not sell them before they are suspended in London, I will get a letter telling me I can either sell the HK share or transfer them into my International Trader account and asking for my instructions

[noirua] 03/3/2016 11:23

Live International Markets

[noirua] 03/3/2016 10:54

Regent Pacific shares trade in 10,000 share lots. Less than 10,000 shares are concluded at the end of the day, as are odd number lots.
Hong Kong – Equity & Company Warrants - all transactions
Transaction Levy of 0.0027%, Trading Fee of 0.005% & Stamp Duty of 0.1%


Foreign Exchange (FX) rates for all currency conversions - vary between 0.25% to 1.5%.


A typical charge for certificate sales is: Online or telephone rate plus £50; refers to TD Direct. Computershare charge the same.
--
Regent Pacific 0575


Investment Service Center

[plootocrat] 03/3/2016 10:52

For info, you can still buy via Barclays Stockbrokers at the moment but you might not want to bother as after the deal has concluded they will only either sell on your behalf or force you to transfer your holding to an International Account, expensive anyway and as much use as a chocolate teapot if your holding is currently in an ISA.

[noirua] 03/3/2016 10:49

Trading Hours for Securities and Derivatives Markets

[waggle] 03/3/2016 10:29

does anyone have the link to the Frankfurt exchange quotation for Regent Pacific?

[lufcscott] 03/3/2016 10:08

Correct just topped up ready for switch

[lagosboy] 03/3/2016 09:59

I believe your new RP shares get deposited into the HK clearing system.

Go to Page 10

hxxp://www.plethorasolutions.co.uk/regent-pacific/The-Plethora-Scheme-Document-including-Notice-of-Court-Meeting-and-Notice-of-General-Meeting.pdf

[mortimer7] 03/3/2016 09:55

Still able to trade on Halifax share dealing

[lagosboy] 03/3/2016 09:43

TD fine - I can buy with them, even on a T20 should I wish

They trade all the main exchanges.

[tipjunkie] 03/3/2016 09:36

if we do nothing what happens to our shares

[tsmith2] 03/3/2016 09:16

Just sit tight..

[zangdook] 03/3/2016 09:13

Yes.

Hargreaves Lansdown did the same thing a few years ago when West China Cement moved to Hong Kong. IIRC HL stopped dealing a few weeks (!) before the delist. Then the delist was postponed indefinitely and the share price collapsed briefly before recovering. Guess what, HL didn't reinstate WCC to their trading system until after the share price had recovered. I promised myself then I'd find a real stockbroker, not some mickey mouse comedians, but although I looked at quite a few I never found one that gave me enough confidence to take the plunge. A mistake, perhaps. It's ridiculous, not only that we can't take advantage of any turbulence in this last week, but we can't act at all after the meetings have been held and the votes passed. I would have gone in deeper if it hadn't been for the (admittedly small) risk the votes wouldn't add up.

It would be helpful if people could list on here brokers that keep trading up to the actual suspension on the 8th or whenever it is. With brief comments about any other good or bad points, if possible. Noirua said TD, any more?

[lagosboy] 03/3/2016 09:05

Don't think forced selling - looks more like BB with an early morning dump.

Time to buy - must be frustrating for those who brokers have closed their Ple book already.

[noirua] 03/3/2016 08:48

An opportunity to top up this morning as some see themselves forced to sell - figures however still point to a value of around 10p - 11.5p a share if Regent Pacific stock stays steady in Hong Kong. I wonder if some gave advise when they should not have?

[noirua] 03/3/2016 00:39

Regent Pacific, poll results and Plethora poll results in detail with fuller explanations.

[solar] 02/3/2016 16:01

Self trade also suspending trading at the end of today…they suggested that I sell as the simplest solution ! have decided to hang on mine and transfer to TD direct in next few weeks …...

[noirua] 02/3/2016 14:07

TD Direct are still allowing trading and it must be that HL are basically UK based with no foreign arms linked in -- in this situation only, HL are not able to punch their weight. Even my Aussie broker will allow trading in Plethora - only reason for needing an Aussie broker is to have long term limit orders in market depth, die after one day with TD Direct; so they all have flaws.