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SIT Sanditon Investment Trust Plc

90.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sanditon Investment Trust Plc LSE:SIT London Ordinary Share GB00BMPHJ807 ORD �0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 90.00 88.00 92.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sanditon Investment Share Discussion Threads

Showing 2801 to 2820 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
01/3/2010
14:21
Nor me. TDW - still claiming it could be as late as September before they pay out. To be fair, my stockholding is so small now that I havent been bothered to chase them...
3offthet
05/1/2010
21:11
no i havent been paid yet. HSBC.
learntlesson
04/12/2009
00:22
is there anyone out there who has not been paid out now?
envirovision
26/10/2009
16:18
ok hargreaves have got the money now
envirovision
20/10/2009
11:36
I can't remember now who I phoned but I think that it was one of the investor contacts at the end of this:
david77
20/10/2009
10:04
well i have these with first direct and hargreaves lansdown, none have been given any money. I'm suspecting the takeover was all a con now.
envirovision
12/10/2009
14:27
david 77
Thanks for the news. If Fastrade have already paid out, that means that TDW are talking total b0llocks, and I need to challenge them. Has anyone else had the same letter from TDW? Does anyone know of brokers other than Fastrade who have paid out already? It will strengthen my argument if I can quote a list of brokers who have paid up.....
Thanks in anticipation

3offthet
12/10/2009
09:11
wow that's fast ;-)
asparks
12/10/2009
09:08
I got my cash a few days ago with Fastrade
david77
12/10/2009
08:17
I finally got a letter from TDW on Friday. I don't have it in front of me, but in a nutshell, it said that the merger process was ongoing; it could be a year before it was completed and we could have to wait that long to get paid out, and that there was nothing they (TDW) could do to speed things up...

Having had to wait 6 months to get my money when DTK got taken over, I am at last starting to understand why people sell in the market at a discount to the offered price in takeover situations. :-(

3offthet
23/9/2009
06:44
still waiting for cash :-(
david77
11/9/2009
16:31
and the cash is still not in my a/c - must chase that on Monday :-(
david77
27/8/2009
20:25
david77
Thanks.. the way I read yr Fastrade letter we are getting cash rather than "rights to cash" - which is good if true. Could you plse post on here once yr cash hits yr account?

Thanks in anticipation
3OTT

3offthet
26/8/2009
06:29
My shares were in a Crest a/c with Fastrade. They have said:

Date: 19 August 2009

Dear Mr S....,

Solar Integrated Technologies Inc

Solar Integrated Technologies Inc is expected to undergo a recommended merger Energy Conversion Devices Inc whereby shareholders are due to receive 6.75 pence in cash for each Common share held.

The Scheme Effective Date may be as early as 19 August 2009 and on the effective date of the merger the common shares will be cancelled from trading on AIM. Cash proceeds will be credited to your account in due course once the funds have been received from the registrar.

In the meantime, should you require any further information or assistance please do not hesitate to let us know.

Regards

FasTrade
-----------------

I've just checked - the cash is not in my a/c yet.

david77
25/8/2009
22:20
Guys
OK so its all over.

It seems to me that we are not actually going receive cash... our shares are converted into a"non-tradable right to receive the Merger Consideration"

I have my shares in a nominee account and have received no info whatsoever from the company......

Do you think we can rely on the likes of TDW automatically to convert these "non-tradable rights" into hard cash or are we going to have to push them?

Is there a time limit for us to cash in these rights?
H

3offthet
15/8/2009
15:46
Solar power
Published: August 13 2009 15:25 | Last updated: August 13 2009 20:31

What looked only last year like a shining future for the solar industry has flared into a supernova, incinerating profits and share prices. Demand for photovoltaic panels had been growing at 45 per cent annually from 2000 to 2008, but the industry underwent an aggressive expansion at the wrong time. Finished panel capacity is at about 9,000 megawatts while demand has contracted from about 6,000MW last year to 4,500 in 2009, according to Barclays Capital.

Not long ago, the bullish case for solar stocks painted 2009 as a banner year. Industry growth had been hampered by tight supply of the raw material polysilicon, causing prices to soar 40-fold between 2001 and 2008. Now there is a surfeit but few takers, even as prices plunge.

Analysts at iSuppli predict the panel glut will not end until 2012. Price wars are leaving high-cost manufacturers exposed. Germany's Q-Cells fits this category and its shares are off more than 85 per cent from their 2007 peak. Financially weaker manufacturers such as China's LDK Solar are also stressed, but state-directed lending is keeping them afloat for now, worsening the glut. Energy Conversion Devices of the US has suffered as its film technology became uncompetitive when polysilicon got cheap.

The solar industry's gold rush mentality and its unhealthy dependence on subsidies are to blame for its travails. The only positive is that private over-investment will make panels cheaper, giving taxpayers who sustain solar power worldwide a better deal.

lbo
06/8/2009
19:15
david77 & 3off... I have sent off my vote in favour of the merger, what about you guys

I couldn't see anything in the long legal document, about what we are going to receive in shares.

jab118
23/7/2009
18:03
jab118
Thanks for your sympathy, but it was stupidity rather than cojones that made me hold on!
Repeat 100 times: I must set a stop loss and stick to it, even if the price has fallen well below the stoploss level before it can be activated!

3offthet
23/7/2009
15:47
I don't think you get the chance to 'hold' - you'll get 6.75p/share cash
david77
23/7/2009
09:05
3offtheT & david77... I sympathise with both of you, and admire your balls, for holding and not selling at a loss...

I tend to imagine that SIT has a future, however, bought in at 25p thinking that was the bottom and now feel rather sick at that.

With the takeover I feel this company has something of a future that is worth saving, so will hold, one the for the bottom drawer....:@)

jab118
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older

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