13p tgt www.proactiveinvestors.co.uk/companies/news/166903/city-broker-upgrades-empyrean-energy-highlighting-risk-free-exploration-166903.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-357516-PROACTIVITY%3A+Summit+nearly+doubles+as+it+inks+licensing+deal+with+a+US+biotech
CGT Im away on holiday at the moment and wondered if anyone had received their circular explaining the tax implications? If so could they post the detail on here?Thanks in advance.S
Re: dividend at last HPC. depends on what you think share price will be post return of equity. If the buy drops to close to 8p before 16/10 I will buy on the basis of getting virtually all my money back soon after.
Re: dividend at last It's all quite clear in the RNS. You will receive 7.9p per share held on 16 October.So little justification to buy or sell at the current SP... but a welcome return all the same.
Re: dividend at last No one knows the residual price my 1-2 p is just a wild guess. It may well be a lot less I.e. Under 1p. But obviously the current price should not dip below the 7.9p as assuming it is approved you would be buying free money. Lol
Re: dividend at last Thanks for clearing that up. The way I'm looking at it is anything back from them is better than nothing as my average is still a good few pence away yet. So surely shareholders will vote it through. That being said on a 8p - 8.5p share price surely 1-2p back is an absolute winner so why do you think people aren't piling in as would be a quick buck 👍😃ThanksAsho.
Re: dividend at last This is not a dividend. The company sold their major income generating asset and are making a one off return to investors of 7.9 pence per share you own from the proceeeds of the sale. As such it depends on what price u purchased shares to determine if this is good for you or not. Once returned the share price is likely to reduce substantially to relflect the much lower asset value of the company. My estimate is 1-2 pence.
Re: RNS Still own that eagle oil pool that was messed up 10 years ago. Probably turn to that soo
dividend at last Apologies for ignorance. I have held these for some years so to get something back would be great. Can someone explain what/how much this means in real cash? 😃ThanksAsho
RNS Just returned from a weekend away and surprised no comment on what (for me at least) is a very positive RNS. The return is a couple of pence above my expectation and several months earlier than I expected. It will be interesting to see the residual share price after this exercise but I am hoping it is between 2 and 3 pence. I do however accept that many for investors this may not represent a return of your original investment.
Re: All very quiet. So from the RNS I deduce we will not get any return until after Feb 2017 ???
Re: All very quiet. I posed the same question on 1 July. I had previously calculated if all the surplus funds were returned it equated to 5.4p - but that was based on the iii no of stated shares. If close we would be lucky to have a residual share price of just over 2p.
All very quiet. Any news on the timeline for handing sale proceeds back to investors?
RNS......and so From all this detail how much per share can we expect and approx when?......
Re: Director dealing But at least Kight seems to think (my personal interpretation) that he can profit - got to be good news for investors?