pike fisherman
13 Mar 2018
Re: SP Lots of big institutional “day trading.” Ideal market for making money.
pike fisherman
13 Mar 2018
Re: SP Probably won’t know until 29 March.Melrose will need 50% to remove GKN directors.I tend to think it will be close.Being pragmatic, not worrying one way or another.
Lupo di mare
13 Mar 2018
SP Says it's not over yet.
iolat
13 Mar 2018
Re: Dana Shares Depending on outcome, l intend to hold a cert. Self administered stocks and shares ISA’s are an option I have undertaken to set off any tax claims. Especially with the tax allowance being moved over recent times.
SeaParrot
13 Mar 2018
Re: Dana Shares Barclays informed me yesterday that they are unable to hold US shares themselves as they stopped providing this facility about a year ago, So the options they stated are 1) they would sell or bulk sell on my instructions (not automatically), or 2) they would transfer to another UK broker that I found ,or 3) provide a Certificate of ownership.
SeaParrot
13 Mar 2018
Re: Dana Shares Barclays informed me yesterday that they are unable to hold US shares themselves as they stopped providing this facility about a year ago, So the options they stated are 1) they would sell or bulk sell on my instructions (not automatically), or 2) they would transfer to another UK broker that I found ,or 3) provide a Certificate of ownership.
pike fisherman
13 Mar 2018
Re: Dana Shares Dana shares finished down 3.7% yesterday and are back where they were before the GKN announcement.
Kingel
12 Mar 2018
Re: Dana Shares When GKN floated off Brambles in Australia (Chep pallets)they had dual listing London and Oz but they went to just Oz listing after a while so had to sell them! ((or pay high price to sell etc)
Lupo di mare
12 Mar 2018
Re: Rejected Favour Philip's point of view re an arrangement for small shareholders. We'll see.
Lupo di mare
12 Mar 2018
Rejected See 'News'.
PhilipJD
12 Mar 2018
Re: Dana Shares We will need to see the detail of how they arrange things for UK shareholders. I have a modest holding in IBM and the default position is that US tax of 30% is withheld on any dividends they produce. I filled in W-8BEN form and the tax withheld reduced to 15%.Having read the various documents relating to the competing offers, I am of the view that I would prefer neither of the options laid out. As that is not on the table, I guess I will sell.
sound money
12 Mar 2018
Re: Dana Shares If any retail investors hold shares in GKN and don't want to take the MRO paper surely the only course of action is to sell now.If MRO don't succeed the share price is going south.If you really do love GKN you could buy into the rump ex dana.M
iolat
12 Mar 2018
Re: Dana Shares Sorry to hear that seaparrot, are you saying you don’t have an option to hold these shares at all, and Barclays will automatically sell them.
SeaParrot
12 Mar 2018
Dana Shares As the Melrose bid appears to be faltering; just checked with Barclays, who hold my GKN shares, that I would be unable to hold - through them - any New York Stock Exchange listed shares. They suspect that they would bulk sell their clients shares and return cash to them . Which - as Melrose point out - would (in my and most cases) then be subject to 40% tax. Well done GKN Board for looking after your Private Shareholders and hope our beloved CEO will enjoy her Dana NED salary. Looks like my only option is to sell out in the market. Sad.
Lupo di mare
12 Mar 2018
Re: Throwing in the towel New offer worth "467p".Right now it's worth 448p. Say no more.
