killermanjarrow
06 May 2017
Re: Messed up Looks like i messed up with one of my accounts as well. Delek have over 90% but as it's Canada I don't think we can force them to buy at the offer price. I can't quite believe that they're allowed to play theses games.
Ripley94
06 May 2017
Re: Proceeds of sale of IAE shares I have with 3 different brokers one had informed me they were going to applying compulsory if not extended again . they were the only one to inform me of extension.However i informed the other two of extension ( which must be a fact so do not know how watogo s broker can not comply ( who is it watogo ? ) And gave instruction to except.I have not heard from them but would argue they are at fault if they had not complied with extension.
waytogo333
05 May 2017
Re: Proceeds of sale of IAE shares No, my broker said their cut off date was the 28th
waytogo333
05 May 2017
Messed up Made a complete mess up with the offer. Had a few hundred shares in an account I rarely check and have now realised I've missed the offer. Does anyone know please if the offer was declared compulsory, that is, 90% of the shares were acquired by Delek? If so the offer should have been processed automatically.If the offer closed prior to it being declared compulsory, I think I'd better sell ASAP, before they drop any further.Any advice gratefully received.
DFitz
05 May 2017
Re: Proceeds of sale of IAE shares Hi, how did you accept - I spoke to III on tuesday and they said to send a secure message, which I did on tuesday, before the 3rd May extension deadline.Now they are saying it wasn't extended to them as a nominee broker and I still hold my shares, which are down 20p since then!! Needless to say I am 'discussing' it with them, they're reviewing recordings etc.I'd be interested to know how you did it.Cheers
Ripley94
05 May 2017
Re: Proceeds of sale of IAE shares I accepted at the weekend within the extension does any one now the ex-rate we will get, and when paid out ?
cjr3
04 May 2017
Re: Who is selling at 93p? I also don't understand this. What happens to those shareholders who didn't take up the Delek offer? Can the shares continue to trade on AIM with such a small free float?
killermanjarrow
04 May 2017
Who is selling at 93p? It doesn't make sense does it?
Wordbodger
03 May 2017
Re: Proceeds of sale of IAE shares Sorry to miss your post Ripley. I'm sure you've found out by now but Toronto is five hours behind, so it's 10 PM today UK time.Not that it makes much difference - I've been assuming that you get what Delek pay in $CAN ten calendar days* after the broker deposits the shares, and for execution accounls that would be perhaps ten days from last Friday (different depending on broker). I thought Delek would settle in $CAN and when they settled the broker would convert to £. But if GazMax's broker has already transferred the £ figure into his account maybe my assumption is wrong. Whatever, it is a currency play, and since I know nothing I don't speculate on currency. If you haven't settled yet you will be hoping for an extension?* ten calendar days: that's from the 21/04 RNS "Delek Takeover Conditions Satisfied"
Ripley94
29 Apr 2017
Re: Proceeds of sale of IAE shares Thanks wordbodger i did not accept but have been told they have extended offer until 3 May 17.00 Toronto time... Any idea what that is British time ?I see GazMax has posted he got £1.13 which i guess you will all get if you excepted.Will there be different settlement dates for each extension ? Broker informs me he can select a GBP option ( not sure why he would select anything else as it a British acc ) l was waiting for opportunity to sell but share price was always tracking exchange rate and under offer price. This seems to have been a bet against the strength of sterling since offer.
forwardloop
28 Apr 2017
currency? Is your glass half full or half empty?Yes £ has risen from lows of 120 to 129 now (£/US$). so we are getting less on more recent form; but lets not forget that it has fallen c 13% since the Brexit vote. Stirling weakness is probably a key reason why we have been taken over.
Wordbodger
28 Apr 2017
Re: Proceeds of sale of IAE shares Ripley, when I did my calculation the conversion was exactly $Can 1.75 to £1, so $1.95 worked out somewhat over £1.114. The conversion at this moment is about $Can 1.77 to £1, if you could still get $1.95 for the shares, or if you hold certificates, that's about £1.102.Shares seem to be trading around the £1.11 range which makes sense until the Offer closes to certificate holders. Those of us who accepted Delek's offer will get $Can 1.95/share. We are in the hands of the currency dealers to discover how much that will be in £ on the day of settlement. I suppose I could have sold in the AIM market and had certainty, and a T+2 settlement date.
GazMax
28 Apr 2017
Re: Proceeds of sale of IAE shares I just checked my Shareprice account and received funds yesterday. Might have got lucky as I got £1.130. Still not as much if I had sold over the last few weeks.
Ripley94
28 Apr 2017
Re: Proceeds of sale of IAE shares What exchange rate did you get.Wordbodger kindly gave a £1.114 equivalent for yesterday but not the rate.Do they have a set date for rate , will the late excepters get a different date exchange rate ?I held off but did not realize since offer this became an exchange rate play am i correct there ?
Empty Sporran
27 Apr 2017
Proceeds of sale of IAE shares Just received proceeds of sale of shares and feel well and truly shafted between the share price deal and exchange rate. I had pretty high expectations for this share even if I had to wait another year or two for a better SP.A lesson learned here!!!
