AFF Member Stock Discussion

MARTINE

Established Member
Joined
Apr 6, 2018
Posts
1,385
Contact the share registry and they will be able to tell you. I'd imagine there would be a BPAY biller code and then a unique reference number for each holder.



Correct.



Nice. I owned LPD ages ago and made a bit of profit. I used to play in the resources minnow sector a fair bit but the problem is that only about 0.1% of them ever go anywhere and the rest drop their guts. Beer money investments can be fun though. I still hold a couple of these types of shares actually. I consider them legacy holdings which just aren't worth selling but may come good one day but I have essentially written off the entire investment.
I like these rats and mice when I need to reduce a rather large capital gain…
 

Buzzard

Senior Member
Joined
Jan 22, 2013
Posts
7,013
I have a small number (3572) of LPDOD LEPIDICO LTD OPTION EXPIRING 18-JUN-2023 showing in my Self Wealth portfolio with a cost of $0. I assume I have been given these as I hold some of their (LPD) shares

I have gone through emails, looked at the LPD site, and logged into their share registry site (Automic) to look for any correspondence explaining what they are, and what I can do with them, but not finding anything. The ASX info on options and puts doesn't really align as I have not paid anything for them / bought them.

Can someone confirm the following: I can buy more or sell what I have, or do nothing? I assume if buying/selling I would need to pay the brokerage fee etc

Is that it?

Then in June 2023, I can buy the amount of options I end up with, (if I want), at 0.026c? Directly from LPD so no brokerage?
I must log in and check if I also have some LPDOD.
 

FromTheRail

Member
Joined
Jan 19, 2013
Posts
226
So FFX weren't organising to raise money on December 2nd ASX release

By December 8th they are into a trading halt to raise $100m

I'm sure they just whipped together a quick $100m cap raise over the last 5 days
 

tgh

Established Member
Joined
Apr 23, 2006
Posts
3,574
I have little interest in day trading but following the wild swings in cruise line stock prices seems like money for Jam.
The values (sic) are driven by the daily covid news and are both volatile and predictable.
Granpa said : It is an ill wind that blows nobody any good… :)
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,732
We spent a bit of time boosting our frequent flyer point totals and less time on shares.
We did go for Cromwell around 80 cents so there is a distribution coming. It is less attractive in the 86 to 88 range but we have enough.We do like the yield even though it is taxable.
In the past week we did buy MacMahon which is MAH when they were at their years low.
 

Mr_Orange

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Joined
Jun 17, 2013
Posts
4,976
We spent a bit of time boosting our frequent flyer point totals and less time on shares.
We did go for Cromwell around 80 cents so there is a distribution coming. It is less attractive in the 86 to 88 range but we have enough.We do like the yield even though it is taxable.
In the past week we did buy MacMahon which is MAH when they were at their years low.

Good to see you back in this thread @cove, it's quiet when you aren't posting.
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,732
Thanks for that comment @Mr_Orange.
We have a pretty new Amex Platinum Corporate card so we are trying hard to run up some points. We had to be tenacious to answer all the questions to get the 400,000 point sign on.
We have way too many shares and bonds and should trim off some.
MQG issue was a nice surprise with them going up post the issue.
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,732
West African seems to be doing nicely with their gold mining. What we don’t like about WAF is that it is in Africa but we are there. Hopefully their part of Africa will remain stable.
We managed to get some USD at 0.74 and 0.7280 using put options so that was rather helpful as we have some significant US dollar purchases to payfor this month. We are very happy with Bell FX.
 
Joined
Feb 8, 2021
Posts
47
Hi Wise Ones,


Just wondering if any AFFers have shares in, or an opinion about
G8 Education Limited (ASX:GEM)?

Or any recommendations (general information only, of course) for a newbie.
 

Mr_Orange

Established Member
Joined
Jun 17, 2013
Posts
4,976
Hi Wise Ones,


Just wondering if any AFFers have shares in, or an opinion about
G8 Education Limited (ASX:GEM)?

Or any recommendations (general information only, of course) for a newbie.

I don't own them and wouldn't be buying them at the moment.
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,732
Yes GEM is a NO but occasionally you could trade them to make a few cents in which case they could be a YES for short term in and out.
 

TheRealTMA

Senior Member
Joined
Jul 13, 2012
Posts
7,526
Qantas
Platinum
We have shares in TDL. The company has removed itself from ASX listing. It seems difficult to contact the company. Anyone have any idea how we can recover the lost funds in their shares?
 

Kerrodt

Member
Joined
May 18, 2012
Posts
328
We have shares in TDL. The company has removed itself from ASX listing. It seems difficult to contact the company. Anyone have any idea how we can recover the lost funds in their shares?
My understanding is that it has been delisted by the ASX for not paying its annual listing fees, along with other issues. It did not “remove itself from ASX listing”. The ASX did what is in its powers to do when a company does not follow the rules.

Your shares still, technically at least, exist but you are now unable to trade the on the ASX. You might be able to find someone to buy them from you off market, but I suspect it will be very hard to find a willing buyer.

The company seems to be in a bit mess based on some quick research just now.

Perhaps minority shareholders need to group together and see what legal avenues exist i.e. class actions to chase the directors and management.
 
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Mr_Orange

Established Member
Joined
Jun 17, 2013
Posts
4,976
We have shares in TDL. The company has removed itself from ASX listing. It seems difficult to contact the company. Anyone have any idea how we can recover the lost funds in their shares?

If the company is in the process of coughping itself, unfortunately you (not you personally, shareholders in general) will be at the bottom of the list of creditors, so your chances of recovery are slim.

If they manage to keep going, your shares will be held by the registry that the company uses and, in theory, you can still sell them but like @Kerrodt said, the chances of finding a buyer will be slim.
 
Last edited:

odysseus

Established Member
Joined
Feb 16, 2009
Posts
1,381
If you want to save yourself some pain you might opt for paying another entity to take your shares, so you can get the tax writeoff this FY and free your mind of it.

Or you can just let it drag out, but which has a fair chance of non recovery imo. There's a lot of corporate activity creating sub entities and transferring off holdings which isn't a good sign, and why the ASX has had questions. And the companies doesn't care enough to pay listing fees, nor comment on it, so obviously are fine with that, which also doesn't show any good intent for holders as this was not a motion put to them, nor even kept informed of.

Interestingly, the CEO let another company he was chairman of get delisted last year as well, so you might want to read up on that to see how that's gone: Lanka Graphite. But generously got this company to gift them $75k in Feb last year, even though they'd already been suspended since Aug 2019.

Any reasonable person would question why there is so much corporate activity, and assets and funds being transferred off shore and to related entities, while shareholders are disregarded, and the company can't find $25k to relist in all this time...
 

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