Tinci Share Discussion Threads

[the stigologist] 14/8/2015 09:19

hxxp://www.shareprophets.com/views/14267/the-remarkable-transformation-of-ex-aim-casino-norfolk-tinci-you-could-not-make-this-up

[flyfisher] 10/2/2015 15:29

Cash received today for completion of a good arbitrage opportunity.

[flyfisher] 03/2/2015 11:51

spob, You wanted to know how different nominee brokers handled this situation.

I hold the stock with td waterhouse in an isa, they sent a corporate action notice to me informing of the deal, the stock is still held post delisting without problem, cash is expected on 6th feb.

I have also held another delisted stock for several months in an isa with them pending final liquidation proceeds, without problems.

[rjmahan] 19/1/2015 20:01

I bought at 15p (ish) - so risk / reward was much worse for me...

[stegrego] 19/1/2015 18:46

Nice one. I guess I should have held rather than selling at 14p but the risk / reward didn't suit.

[rjmahan] 19/1/2015 18:41

Offer through from HL / published on TNCI website - I get my 20p !!!

[rjmahan] 10/1/2015 00:00

Spoke to Hl on this they will try to do deal with registrars. All depends on final mechanism which is unknown until result of vote. Apparently if it takes over 30 days post delisting and shares in isa then they get kicked out of isa...

[papy02] 09/1/2015 15:54

Selftrade sent a further reply to me. In summary need to move your holding to Certificated (so take out of ISA if held there), and deal directly with Computershare. I have sold in the mkt so only of interest to me for the future.

the main text of their reply:

I have had a look into the corporate action that has been announced by Tinci Holdings, this is a relatively new action we have not seen this type previously. For future actions such as this if the corporate action is approved by CREST then the option to take up the offer will be available to do online on the Selftrade account. As I am sure you are aware this was not the case with Tinci.

From what I can see this particular corporate action is stating that a match bargain facility has been set up with Computershare Investor Services. Unfortunately Selftrade are unable to facilitate any match bargain offers. Therefore in future you would need to certificate the holding and approach the company/registrars offering that match bargain facility.

[rjmahan] 09/1/2015 15:05

Simon Thompson from IC tipped this online at 18p

[roks] 08/1/2015 09:54

Anyone know how TDW will be handling this? No notifications as yet.

[che7win] 07/1/2015 11:20

Spob,
Yes, exactly the same as you got.

[spob] 07/1/2015 11:11

Have IWeb sent you the same info Che7win ?

[che7win] 07/1/2015 10:33

Spob,
IWeb part of Halifax, they are the same.

[spob] 07/1/2015 10:19

I'd be interested to hear the experience of other TNCI holders


I want to know how different nominee brokers handle this situation

I propose to avoid using Halifax brokers in the future. I will not take any NEW small cap positions with them

I have several accounts. It just so happens that in this instance, I used my Halifax accounts to take positions in TNCI

[spob] 07/1/2015 09:06

Here's the catch ...


Halifax Sharedealing sent me this




TINCI HOLDINGS LIMITED - Important Information

Proposed Cancellation of Listing.



On 22nd December 2014, the Company announced that is proposing to cancel the admission to trading of its Ordinary shares on the Alternative Investment Market.

Since the Company's admission to AIM in 2006, the quoted price for the shares has fallen significantly. In light of this, the Directors have carefully considered the merits or otherwise of the shares continuing to trade on AIM and have concluded that the commercial disadvantages and costs of maintaining admission outweigh the potential benefits, and that it its therefore no longer in the Company's or its shareholders best interests to remain on AIM.

In addition, the Directors consider there is little benefit to maintaining its status as a Hong Kong public limited company, as such, following the cancellation of the shares on AIM, it is proposed that Tinci Holdings also be re-registered as a Hong Kong private company.

The Cancellation is subject to shareholder approval at a General Meeting of the Company to be held on 15th January 2015.

Subsequently, it is expected that the last day of trading in the Company's Ordinary shares will be 22nd January 2015, and that the Effective Date of the Cancellation will be 23rd January 2015.

You should be aware that if you have not sold or otherwise transferred your shares prior to the Cancellation of Listing you will not be able to sell or otherwise deal in them on AIM after that time.

In view of the above and in order to provide shareholders with a definitive option for exit, Mr Xu Junfu, Tinci Holdings Chief Executive Officer and major stakeholder in the Company has agreed with the Board, to purchase the shares he does not already own at 20 pence per share (conditional on the delisting and re-registration as a private company). To facilitate this Mr Xu has agreed to deposit funds equating to GBP600,000 into an account managed by Computershare Investor Services PLC to fund the purchase of the shares held outside Hong Kong and China. The facility will be made available to shareholders on the Company's share register with addresses outside of Hong Kong or China currently totalling 2,950,041 shares.

Once the facility has been arranged, details will be made available to shareholders on the Company's website at www.tinciholdings.com.

Being a Nominee Service, regrettably we are unable to facilitate trades using such a facility. Should you wish to take advantage of the Company's offer after the Company's shares have been delisted you will be required to withdraw or transfer your shares from our nominee service.

Should you wish to withdraw your shares, please contact our call centre so that we can arrange for this to be done. If you wish to transfer your shares you will need to establish an arrangement with an alternative broker. Should you wish to do this, please contact our call centre with the details of your chosen alternative broker and we will facilitate the transfer of your shares to them. Please be aware that you will need to have contacted your chosen broker in order to complete their necessary transfer process prior to contacting our call centre. Please note that in both cases, normal charges will apply.

Should you retain your holding of Tinci Holdings, we will notify you on receipt of any further information from the Company.



Should you wish to find more information about the Cancellation, please visit the Tinci Holdings website above.

[stegrego] 06/1/2015 12:37

No. Final offer.

[roks] 06/1/2015 12:22

Is this 20p the final price or could they come back with a higher offer?

[roks] 30/12/2014 11:27

never mind........

[rjmahan] 30/12/2014 02:15

right - dunno what I was thinking !

[papy02] 29/12/2014 22:17

... even less than that: 52k x 20p = £10.4k ?

[rjmahan] 29/12/2014 22:00

52,000 shares is £26k at 20p - I wonder why he buys so little....

I have half that and am thinking of adding and I am not even a director...

[mrshaungcm] 29/12/2014 20:08

rns out - directors buyTinci Holdings Ltd. (AIM: TNCI), the AIM quoted environmental engineering company, was today notified that Mr David Steeds, the Company's chairman acquired 30,000 ordinary shares in the Company ("Shares") on 24th December 2014 at a price of 16 pence per share.



Following the transaction Mr Steeds holding increases to 52,000 Shares (0.10% of the issued share capital of the Company).

[gkp heros] 29/12/2014 14:35

You need to look at caza for your next multi bagger!!

[roks] 29/12/2014 14:34

I'll take 19p........