for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Stockdog,

Not with Selftrade myself, but a poster on another thread who is with Selftrade also states they have heard nothing.
greek.

Stockdog,

I am with Selftrade.
You should see your allocation shown in the portfolio section of your dealing account. I phoned them yesterday and they advised me to ensure I transfer sufficient funds into the trading account and send them a secure message from the website stating that I would like to take the offer up.
As for the prospectus I downloaded it and read it from the Stanelco website.
Others appear to have had problems with their allocation from Selftrade (Which has been acknowledge) so if you have traded close to the 10 Oct (or not!) double check you have what you should have.

Hope that helps.

KH

I'm with Selftrade and hadn't heard anything yet. Was about to phone today.
Thanks, kevharris, for that info.
Do they say when the transaction will go through? Is there a time limit?

Hi Paperbackwriter,

I was told 25 Oct on the phone but I have seen others have been told 26 Oct.
It is all a bit fuzzy! I have asked them to acknowledge my message instruction and will take it up over the phone on Mon if nothing heard.

Kind regards,

KH

and sp still goes down?

Thanks kev and others for your help - appreciated.

One last question - anyone know if you hold stock in an ISA you have to take up the related 3 for 5 offer via the ISA, or can you do it through your trading account?

sd

sd you have to do it thru your isa account. If you have taken up all your 7k entitlement this year and there is no pos. cash balance in the account then you have to sell some of your isa shares (any) to fund seo offer

sd if that is the case you better sell some pdq as funds will not clear due T3 settlement date

SD,

The Halifax gives the following options:
"I would like these shares added to my ISA account"
" I would like these shares added to a Halifax Share Dealing Account"

So the answer is, you can take up the offer inside or outside of an ISA as long as sufficient funds are available.

EDIT:
"Any monies will be debited via your MAXI ISA on or after the 25 October 2006. Please ensure that you have cleared funds available by the 25 October 2006. If insufficient headroom is available in your MAXI ISA, the offer will only be taken up in your Halifax Share Dealing Account"

Guess i stand corrected- apologies sd

another point to keep in mind though...downside is only .8p/s -if seo goes under-whilst upside cud be potential which in the isa account is taxfree whilst subject to cgt in tradingaccount

garyble

I also trade with Halifax, but I cannot find the options "I would like these shares added to my ISA account"
" I would like these shares added to a Halifax Share Dealing Account".

Patisear,

I thought you had found it when I posted the other day. The instructions are in the email you should have received a couple of days ago.

garyble

I have got the 'Open Offer' and have elected to accept my allocation.
But on reading it I cannot see the part "I would like these shares added to my ISA account"
" I would like these shares added to a Halifax Share Dealing Account".
Mabey they put that section in for people with more than one account?.

Patisear,

That is most likely it. Might be a bit late to open one up now, but I vaguely recollect it was quite quick.

garyble

Thanks.

PATISEAR,
Yes they do. Although not with Halifax, I do have SEO in three different account. The 1 in the ISA account will only allow me to take up the offer to the ISA limit for this currant year.

Selftrade are insisting I buy the new shares via my ISA. Since my trading account is in the same name with the same account number, it's a bit of a liberty. There is no reason why you can't take them where you want - your ISA is not a separate legal entity from your trading account. Am having a bit of a ding dong with ST involving FSA, HMRC, SEO, Capita Registars - anyone I can get to speak to me, since I object to administritative convenience for ST being wrapped up as a legal requirement. Guess what - nobody knows anything about it, expect for HMRC who have not yet called back.

Thanks for all the advice anyway.

Anyone know anyhting about this Caylon Fund? They seem to have a lot of confidience in SEO - bought over or going to 7% of issued shares.
Could be one to follow if they have know something, any thoughts?

Stockdog,
Like you I cant see why you have to buy them in your ISA. What Inland Revenue Rules are there stating this. I suspect that it is as you say, just for their convenience. If you do get a response explaining, could you please post it.
TA Greek.