Zamano Share Discussion Threads

[callumross] 24/11/2019 15:20

Had enough of cash shells to last me a lifetime Hedgehog!

[hedgehog 100] 24/11/2019 15:15

Anyone looking for a replacement shell for their ZMNO payout could do worse than look at main-listed MILA Resources (MILA). MILA has been edging up recently, in anticipation of a potential RTO: currently 1.75p (market cap. £406K.) Here are some key phrases from MILA's 31.10.19 RNS: • "extremely exciting opportunities" • "at least one of these opportunities" • "a swift replacement" https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Final-Results/81040036 The phrase "extremely exciting opportunities" is clearly very bullish, especially from a company that is not known for its hyperbole. The phrase "at least one of these opportunities" means that multiple acquisitions are potentially on the cards, and also increases the chances that there will at least be something. And the phrase "a swift replacement" indicates that we shouldn't have to wait long.

[hedgehog 100] 24/11/2019 14:46

Thanks for that confirmation, The Sage. I think that this makes an aggregate distribution of about 3.7p per share. We haven't been that lucky with the timing re. the Euro-sterling exchange rate at either distribution, as they've haven't coincided with the weakest sterling periods, albeit the exchange rate hasn't been bad.

[the_sage1] 23/11/2019 17:56

It is 0.73 cents

[hedgehog 100] 23/11/2019 15:52

Considering the pessimism in the two posts prior to the Sage's earlier this afternoon, and the length of time that has elapsed, I would say that a 0.73 cent final distribution is now relatively good news. Even though it would have been considered disappointing at the start of this year. But is it 0.73 cents, or 0.0073 cents?!

[callumross] 23/11/2019 15:48

No sign of anything in my nominee account. Thanks for alerting me to this

[hedgehog 100] 23/11/2019 15:03

The Sage, Thanks for that. "Final distribution cheque received, equal to 0.0073 cent a share, disappointing, was expecting 1 cent." Could you please clarify that you don't mean 0.73 cent a share?

[the_sage1] 23/11/2019 13:03

Final distribution cheque received, equal to 0.0073 cent a share, disappointing, was expecting 1 cent. Liquidation costs were estimated at Euro 25k turned out to be Euro 75k + they had to settle a dispute costing Euro 175k, other costs were Euro 150k.

[tabhair] 24/10/2019 20:17

Any updates from the liquidator? Will there even be anything left at this rate?

[tomboyb] 12/7/2019 14:55

3 cheers for the liquidators - Hip Hip Hooray - Had a stock with around 800k worth of distribution which would of given me around 10k - Got Nadda -

[the_sage1] 12/7/2019 14:52

I emailed the liquidator early last month and the reply was they are still working on the liquidation. The liquidation documents did suggest the company was being sued for, I believe, £250k but the company was counter claiming over £1.5m if I recall correctly - no idea what all this is about but clearly it is probably hindering the final distribution. Surely an update needs providing by the liquidator.

[tabhair] 12/7/2019 14:37

callum - or anyone else, any update on the final distribution?

[callumross] 16/5/2019 12:35

When I emailed the liquidators after receiving the initial distribution I was advised that the final one would be a few months later

[tabhair] 16/5/2019 12:17

I don't suppose anyone has heard anything about the final distribution?

[callumross] 14/3/2019 08:35

Yes, a few weeks ago, tabhair

[eezymunny] 14/3/2019 07:01

yes tabhair, with 2 different brokers..

[tabhair] 13/3/2019 23:40

Any nominee holders get their initial distribution?

[callumross] 12/3/2019 13:31

Liquidators have confirmed to me that it could be a number of months before the final distribution is made.

[callumross] 20/2/2019 16:10

Thanks for letting me know Budbear. I will chase up my broker in the morning. Were your shares in certificated form or nominee, as is the case with mine through iii (formerly TD Waterhouse)?

[budbear] 20/2/2019 14:46

Got my cash now, works out at circa 3.07p per share

[budbear] 20/2/2019 11:33

https://www.londonstockexchange.com/products-and-services/reference-data/corporate-actions/corporate-actions.htm On the daily link at the bottom

[callumross] 20/2/2019 11:14

Many thanks Budbear. Could you provide a link to this notice so I can chase my broker up re this?

[budbear] 20/2/2019 10:40

Taken from this mornings LSE Stock Situation Notices, hopefully will be in accounts shortly

[callumross] 20/2/2019 10:23

Where are you reading this Budbear? No proceeds in my account at the moment. Many thanks.

[budbear] 20/2/2019 07:29

Looks like first payment on its way, EUR0.035193124 was declared on 13th Feb 2019, lets hope this isn't the lot!!!!!!