If you read the statement it's a compulsory offer, that means the shares will be bought from you on the listed date at the stated price. You can't reject it as the majority of the shareholders agreed to the takeover which was at a significant premium to pre-bid price.
Surely you should sell them, if you are able to keep the shares, presumably you'll have shares in an unlisted company and will have to try and find a seller off exchange. Unless Balfour Beatty are offering their shares for Alkane?
You may be able to manually edit the amounts paid for shares in the account - you can on interactive investor. Obviously not literally but in terms of how the information is displayed.
I expect you'd need to register an account with someone else and fill in a form with HSBC information on, I've never gone through the process myself. Ring up a broker and ask how long it takes. Or ring up HSBC tell them you're going to leave and do they want to re-think their charges :P.
They'll most like announce a special dividend and pay it to holders of the shares who own the shares on the record date that they may announce at a future date, or they'll just pay it without announcing a record date.
They're probably not the cheapest but I use interactive investor. You can buy shares regularly once a month for £1.50 (if you schedule it). If you want to buy normally it's £10. They have £20 per quarter fees although any trades are deductible against that £20.
Re:African Potash, I quite...
I use Interactive Investor not that I'd particularly recommend them, they charge £20 a quarter. You could look at a x-o http://www.x-o.co.uk/ £5.95 a trade rather than the £10 with interactive.
Two shares I like at the moment and am invested in:
If you're investing not trading:
BKG, cheap on fundamentals, good dividend and good momentum.
More speculative better risk/reward:
XTR, lots of good news recently&interest. Low forward P/E (by my calculations) at the current price.
The AIM casino, where you can win big and lose big - and I've definitely lost some money over the years! Sorry to hear that, I was very lucky to have taken some profits and halved my stake the morning before the big crash. I'm trying to resist taking out the last few shares I have so that my no...
Google ironically is your friend ;-). CFD = Contract For Difference, basically they're a way of leveraging (increasing risk/reward) your funds to make/lose money. I.E. shares go up 10% you could double your money, down 10% lose all of it.
IG Markets are a company who will allow you to trade...
New world oil and gas are an interesting story re:massive short squeeze occurring. Up 500% since Wednesday. I have no idea where the share price will go, however might be interesting to look at. Extremely high risk though.
That looks like a good deal to me, at worst you will only miss out on the meager interest rates in the bank as you can get the money back as cash, if you need the cash during the period you can always take it out.
I sold out of HUR at 50 and then bought some back immediately as I think they're undervalued even at that price. I'd really like to buy some more down at 36ish if possible. If there's no news for a couple of weeks hopefully we'll see the share price slide down.
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