TD Direct payment - they don't know! I enquired on saturday and their corporate action teams latest is they checked on friday and had no date (nor any idea) for when payment will be made! well done to those that sold the shares before action closing date - it may have been a penny or so per share less but at least you would have got most of money in bank ready to use/re-invest.I guess theres no legislation for when payments on buyouts have to be made and its a case of how long is a piece of string?
Re: Payment fao Albrad Who did you query it with, Self trade?In the past I've found that representatives from brokers are often ill-informed, and one employee will tell you one thing, only for it to be contradicted by another!
Re: Payment fao Albrad So did I, which is why I queried it, but was told there was no time limit. However I don't intendto test it too far, just in case !
Re: Payment "Mine went onto my Selftrade ISA at lunchtime, and can remain as cash as long as I like while I decide"I thought there were HMRC imposed rules that you can't hold cash in a stocks & shares ISA for any considerable length of time?I always thought it was a stupiid rule. I don't know how many ISA providers monitor this, if any. I've held small amounts of cash in such an ISA and never had any issues. Not sure if the same applies to large amounts.
Re: II Payments I got my payment from Interactive Investor yesterday so I do not know where 4 to 6 weeks comes from.
II Payments I've just been told by II that their payment will take 4-6 weeks to be settled in case anyone else was wondering. Don't know for how much longer the discussion board will be around for but I will miss popping in to see the views exchanged.
Re: Payment Mine are (also) with TD (not ISA'd); I messaged them weeks ago asking when this would be paid and they replied that they didn't know and would ask their corporate actions team and let me know - I haven't heard anything since and was going to ask the same question here!
Re: Payment Mine went onto my Selftrade ISA at lunchtime, and can remain as cash as long as I like while I decidewhere to re-invest it.Ann (without an "e" !
Re: Payment thanks for that Why Nicknames. I called TDW this morning and they said the cash should go into my ISA account but did t know when it was being paid out.
Re: Payment There was an improved offer from 750 to 800p per share which gave the opportunity to accept again. As major share holders tipped the balance into offer being accepted I also accepted 800p but I did have to ring up for a replacement acceptance form. If you didn't accept I believe the money will be kept to one side and you will have to contact Capita Asset Services (the number I have is (353 1 553 0050) to claim your money. As to losing ISA benefits I'm afraid I cannot help there but they will likely issue any money due via cheque!! It sounds like you would have to ask Inland Revenue for adv
Re: Payment Hi, I rejected the first offer and today my TDW account shows that the shares are worthless and the value of the shares has been wiped from my account. Any idea when payment will be made? As this was in my ISA will I lose the ISA status on these funds?Anne
Time moves on. Years ago I held 800,000 of these. But at that time they were 1.5p
Re: Any Recommendations for Alternative ... Look at this, probably too late now but interesting and what a shot in the arm for Egypt[link] right investment is out there somewhereRegard to all and enjoy the Dragon DYOR etc etc
Re: Hold it... I was thinking the same this morning - in the circumstances 8 quid was not bad!
Hold it... I now have almost 40% of equity holdings in cash thanks to DGO.. I was over weihgt it was worrying at times and guess some of you were in similar position !!! Given the recent and drastic rout in oil price Im happy to be out at eight pounds. What would DGOs price be just now with the global situation ...not even 7 quid I reckon and probably a lot less thanks to MMs. So with cash in hand I will bide my time now...oil will return but where to go to place my bets??? Ithaca I like but price has been smashed so timing is all...Ides of 2008n and 2011 are with us ....how can you possibly recommend equity markets to your kids..