Is This Still Active? I would like to sell the small number of Stel shares I hold if there is any value to them. I have just received a share entitlement of 170 which is indicated on my online account with Selftrade. However the original 224 shares have disappeared from view. I am clueless about takeovers by foreign companies and how it affects shareholders and don't know how to proceed with this matter. Any advice from experts on this board would be most appreciated. with grateful thanks.
Is This Still Active? Is this discussion board still active? I need to post a message re. selling STEL shares, but my message is being rejected.
Re: Newfield at 17c yep, the interesting thing will be when all those extra shares hit the market. I think i might keep hold of mine,Frog
Re: Newfield at 17c That was the offer price, but it's old news now. Tuesday was better with live prices this morning of 17/18¢.
Re: Newfield at 17c that article says 16.5c
Re: Newfield at 17c 12¢ bid according to FT[link]
Re: GM with the £3million given in advance to Stellar, i also reckon theres news ready or coming very soon to kickstart the buy out
Re: GM I may have to request NWF share certificates or transfer them out to an account which can hold them for a while. Have to wait for options from Iii and Barclays...May not be any rush by sellers given 6 month commitments by many STEL shareholders and those taking up the NWF RIGHTS ISSUE.Should be lots of positive news over next few months as projects go ahead.
Re: GM Not sure about them being 'readily saleable', particularly at 10p+. Talk elsewhere was of NWF shares being suspended during the rights issue, so I tried to get a quote from IG, where I've just opened an account. Buy at 24.5¢, sell at 11.5¢ is what it said. It seems the ASX offers a matched bargain system where you leave your sale instructions and wait for a buyer, so poor liquidity could be a real problem for those expecting a quick profit.
Re: GM Well Im not going to sell my STEL shares for 5.5p each when the NWF shares I will receive should be readily saleable above 10p each when converted back from A$.I also expect the NWF share price to improve as production volumes grow, so wont rush to sell unless forced.
Re: GM According to the convo I had with them the other day
Re: GM what after they become newfield shares ?
Re: GM The iii chaps only charge 20 quid.
Re: GM ye exactly that.some brokers wont let you hold them so you are forced into a sellme, i bought some more today before being frozen out late AM by HLso ive got about 6K worthagain ill sit on these a while to make it worth the $200 au for the transaction of selling them lol
Re: GM either the market has missed a trick, PIs dont want the hassle of holding Oz stock or I have misunderstood the whole thing. Either way I am prepared to hang on just to see what happens. Only have about 10K worth anyway.