ADI - Adelphi Energy

[barney]

(EDITED Hi IJH Posted this b4 I saw yours ........... )

Very Interesting movement of shares going on in the last half hour. A big shareholder has transferred over 2 million shares from somewhere to somewhere else ????

The question is why?? If I owned a few million shares (I wish) ......... the main reason I'd want to move them to other accounts would be for accounting reasons ......... ie to save money ,

So working on that theory, they either know one of two things .....

1) The shares are about to rise substantially, so they are syphoning the shares elsewhere to save tax, or share the wealth with family or whoever, OR,
b) The shares are not going to go well, so they are moving them where a capital loss would be more beneficial ...

My guess ..... If you were wealthy enough to buy shares in the "millions" to start with, the chances are you would have already have them positioned for optimal tax purposes .......... therefore I see it as "sharing" the wealth with possibly a subsiduary company or family member ???

Lets hope it is the latter ................. any thoughts anyone, cause I'm just thinking out aloud here and could be way off the mark. Cheers.


PS There we go again ...... another half million at 60 cents ........... interesting

 

[Lucky_Country]

Would transfering shares from 1 account too another show as a sale and why would they do it in instalment ie 500,000 +300,000 etc.
Im no tax expert asking for advice anybody ?

 

[Lucky_Country]

Another 500.000 gone through has someone been accumulating over the past year and now showing there hand I hope its Mr Forkce that really will give me confidence

 

[barney]

Would transfering shares from 1 account too another show as a sale and why would they do it in instalment ie 500,000 +300,000 etc.
Im no tax expert asking for advice anybody ?

Hi IJH, They could be transferring to several different accounts ie half million for each family member/ or company etc ................ I guess if they transfer now b4 the price goes through the roof, it will lessen the capital gains tax at a later date ............... Thats my guess, but I could be totally wrong ............ time will be the judge, but I bought a few more today. Cheers.

 

[Lucky_Country]

Could it be the reverse someone has been acummulating in different accounts too hide there holding and now have put all there holding into 1 account too guarantte a seat on the board maybe ?

 

[wipz]

Ok, Something a little weird just happened... Just after this mornings announcement someone dumped a few thousand at 58c, thats fine, but then in the last half an hour 2,000,000 (Million) share go through at around 61c.

I for one would LOVE to know where they came from and more importantly where they went to!

Any Ideas? Or do I have the Jitters... Again..?

Wow, yes i have just seen these now, FYI:

Adelphi Energy Limited (ADI)
Date Time Price ($) Quantity Value ($) Conditions
18-10-2007 12:15 PM $0.600 500000 $300,000.000 Crossed
18-10-2007 11:55 AM $0.610 3750 $2,287.500 Crossed
18-10-2007 11:52 AM $0.600 500000 $300,000.000 Crossed
18-10-2007 11:51 AM $0.600 500000 $300,000.000 Crossed
18-10-2007 11:50 AM $0.600 100000 $60,000.000 Crossed
18-10-2007 11:42 AM $0.600 200000 $120,000.000
18-10-2007 11:42 AM $0.600 300000 $180,000.000
18-10-2007 11:39 AM $0.600 500000 $300,000.000 Crossed

CRAZY... Looking good for ADI??!?!

 

[nioka]

Would transfering shares from 1 account too another show as a sale and why would they do it in instalment ie 500,000 +300,000 etc.
Im no tax expert asking for advice anybody ?

Here is one possibility. Someone is expecting the price to rise. They also want to take some of the profit. The shares are held in their super fund which they can't draw from. The answer then would be to transfer the shares leaving cash in the fund. Sell the shares after the increase and the profit does not belong to the fund. Of course the profit is taxable but maybe they also owned RHG which they sell at a loss to offset the ADI profit.
Ah! The mind boggles at the possible senarios.

 

[chance fate]

...despite a seemingly positive announcement... 100 units of elevated background gas at the target level... f.a. happening to the s.p.... would have thought that would be starting to attract some speculative interest... but seemingly still stuck in holding pattern.....hopefully we'll see some 60ft flares to put some fire under the sp in the announcement next week!!!

 

[wipz]

Would transfering shares from 1 account too another show as a sale and why would they do it in instalment ie 500,000 +300,000 etc.
Im no tax expert asking for advice anybody ?

Yes a capital gain/loss will arise on transfer, however we are talking about future expectations.

To realise a small gain now, when you are expecting a large gain later may be a wise idea if your transfering the shares into an entity with carried forward losses. If you expecting a large gain in a entity with carried forward losses you can ofset the gains with the losses and pay no tax. He may be doing this?

The other side of the story is that he is transfering the shares into a profitable entity to offset the loss on the sale of shares (in the future) with the profits the entity is making to effectively reduce his tax payable. I dont think that this would really be the case here as if he was expecting the shares the fall you would expect that he'd sell at market now while the share price is still high..

Any thoughts?

 

[Lucky_Country]

Here is one possibility. Someone is expecting the price to rise. They also want to take some of the profit. The shares are held in their super fund which they can't draw from. The answer then would be to transfer the shares leaving cash in the fund. Sell the shares after the increase and the profit does not belong to the fund. Of course the profit is taxable but maybe they also owned RHG which they sell at a loss to offset the ADI profit.
Ah! The mind boggles at the possible senarios.

I understand yeh a good scenario imo must mean they think the time is almost upon us and if that is the case we should see whom bought the shares

 

[wipz]

Looks like this cheeky fella has just put a massive hunk of shares up for sale at 60c... hmmmm dont know what to think now

 

[Lucky_Country]

Noticed that myself maybe trying too keep a cap on the sp something is definately up today.
Would need all the buyers + a few more too to take out the order playing games but someone bought another 100,00 and a differnet trade of 50.000

 

[wipz]

Looks like this cheeky fella has just put a massive hunk of shares up for sale at 60c... hmmmm dont know what to think now

Looks like hes topping it up too, another 500k on the sale side at 60c, i think this is a bad sign... Any other thoughts???

 

[nioka]

.....hopefully we'll see some 60ft flares to put some fire under the sp in the announcement next week!!!

And put a fire under the groundhog and turn it into barbecued pork spare ribs. Anyone for a barbie? At least ther is something going on today.

 

[Lucky_Country]

Well there are only 4 share holders with over 2 million shares too thier name so it will be interesting too see who has diluted transfered or aqccumulated there holding

 

[chance fate]

..reckon to break this groundhog cycle i'm gonna go out and help old ladies cross the road, catch kids falling out of trees, learn some bach or mozart, sculpt some ice, and pay that dude the cash for some life insurance!!!... anything.... argh.....

 

[Lucky_Country]

Only ARQ really have these kinda volume of shares available too sell.
But someone is buying bigtime or a group of instos are buying bigtime

 

[Lucky_Country]

They are at it again what is going on this is madness ?
Please explain ADI reassure us shareholders please !

 

[Lucky_Country]

I notice ARQ has almost 4 million shares traded today and is up is this a coincenece or are they taking thier positions in both companys.
ARQ is drilling in the Canning Basin at the momment tho

 

[Agentm]

too much guessing going on..

the buyer at .60 has been buying all day. and is happily absorbing whatever comes on the market. i have my ideas who may be, but its guess work really, and will wait until the top 20 is released to confirm

the kennedy 1H well is practically in the sugarkane, and as it tracks to the zone proper we are seeing the background gas increase, which i agree with ADI in terms of it being encouraging. pretty soon they will be on track and drilling 1,250 Km horizontally into the sugarkane.

the refrac is on in zone 3, thats going ahead now and should commence in the next few days.

nothing negative in the news at all, and some encouraging news on the kennedy 1H well.