“The Corporate Actions team have confirmed that there are no confirmed terms of the offer announced on the LSE yet. We will send a notification to holders upon receipt of any information.In regards to listing the stock. All outturns for Corporate Actions will be paid to holders, but they go through product governance reviews which determines if they will be tradeable. Once we have more information we can confirm with you!”"
This is the message I have just received so looks like we will just get paid out
So… I’ve been offered by three separate agents (one bring freetrade) a deal to loan then my 55000 shares.
It’s not many in the grand scheme of things, but an indication that short selling will begin really soon. Probably to bring the overall price down for the take over.
It means I’m keeping all my shares in the direct hope the price will rise after any deal as the shares are snapped up (because they’ll need to give the shares back). It’s the gamble of if the price will settle low or jump up if there’s a rush…
… something to think about but maybe worth topping up when price is at it’s lowest.
It’s in general the swap loan thing not just on this stock! Read the short print, it’s not for me put it that very risky idea £1000 gets you £10p passive income
In theory you’re correct…if we were talking about this one site.
I’ve got shares over other sites and three weeks ago I was asked about my shares, and again a day before Freetrade put out the general message.
Either all sites are trying to cash in or there’s been a request for each site owner to loan specific shares and they’re putting it out there. I’m on one other site (each has it’s own list of free trading shares that don’t always appear on others) that hasn’t put out this request and they don’t have i3e as a stock option.
But you are correct, the price offered here is terrible. It’s 30p on the £1000 elsewhere with only 8p going as admin fees.
Only a £7.60 ish uplift through the offer on 2100 shares held for a year, plus £30 or so with price increase and dividends, so approx 16% gain on £250 invested 12 months ago. Currently no dividend offering from GTE, and a 25% drop since July. Analysis suggests holding GTE; hopefully there’ll be an increase after takeover. Will GTE be open to all on Freetrade for buying more, or straight to exclusive listing?
Just seen the notification in app, bit confused as no mention of the extra dividend payment that was initially part of the offer , or am I missing something
My average is 20p a share for 54995 shares, I’m already down £3700 across this company, with £7100 in my pot.
At the current deal of 10.43p per share and a dividend of .25p plus the 1 new share per 207 old, I’ll be lucky to clear £6600 if shares are sold by Freetrade after the take over.
Walking away with a massive loss.
I can’t believe there are people out there claiming this is a good deal!
Good deal for gran tierra that’s for sure. I am similar to yourself although not quite as bad a loss.
It is disappointing as I am sure at some point this company would have kicked off a lot of cash again, albeit I have to admit the Alberta gas prices mystify me!
Not when we’re all losing all our dividends as gte don’t give any, and get are massively down on their own share price…AND freetrade don’t hold the, so will sell them at point of trade.
Everyone is screwed, unless you bought at cheaper than 10p a share
I asked FT for some clarity around the corporate actions and received a reply. I can’t seem to paste it on here, but basically if you hold on to the shares you’ll get:
the next dividend (this wasn’t mentioned in their earlier message as they didn’t class it as part of the corp action)
the cash payment for your holding
GTE shares (which will be LSE listed) at the appropriate ratio, i.e. 1 X per 207 i3e shares. FT will add GTE (Lon:GTE) to their app after this event concludes. I was concerned they would force sell to market and therefore potentially get poor result due to GTEs illiquidity on the London listing, but it looks like this is not going to happen.
They will not support the ‘mix and match’ so there’s no prospect of exchanging GTE shares for more cash.
I would if me but then I do have over 2600+
