AVZ Discussion 2022

[Azzler]

Looks like the troll doesn't like you either sorry @Azzler

What choo talkin bout Willis?

 

[zeeko]

As long as AVZ does not publish an explicit request to shareholders that ALL shareholders must be registered with Automic in order to receive, for example, a special dividend or other special payment, I believe that custody at the custodian bank is sufficient.

Normally, the bank is the registered holder, but it acts for and on behalf of the beneficial owner, which is me.
It is the same for me: my shares are held by my bank (DKB) at a custodian or partner bank.

I assume that in the event of a TO, or any kind of end to AVZ, the shareholders will be informed of how to proceed.

I would not currently transfer the shares to another broker in advance for no reason, which would also enable them to be held at Automic, and this would probably involve costs.

At the moment, however, nothing is clear and I remain on hold.

Or does anyone have any specific information about this?

I am also of a similar mind, but have seen mixed advice on the forum here. So I contacted AVZ directly and here is what they said:

"Automic Group has always been the share registry holder of AVZ shares, that has not changed. If your shares are held with a custodial holder they would remain the custodian of your shares.

Unless you have received any formal written notification from your custodial holder in relation to your shares they should remain the holder on your behalf.

AVZ will continue to provide all shareholders with updates via the company website."


Like you, I will hold the line and not go through the hassle/cost of registering with Automic unless management advise me to do so.
Cheers

 

[Xerof]

Can one of you guys explain how AVZ might be in a position to fully frank a payout. Don’t they have to have paid company tax in Australia to be able to pass on a franking credit? Ignorant Kiwi asking for a friend

 

[Samus]

Can one of you guys explain how AVZ might be in a position to fully frank a payout. Don’t they have to have paid company tax in Australia to be able to pass on a franking credit? Ignorant Kiwi asking for a friend

I'd tell you but I'm not allowed to talk here sorry.

 

[Xerof]

I'd tell you but I'm not allowed to talk here sorry.

Nor am I apparently

 

[Rechnerhand]

worth a read --> Remarks for Launch of Bureau of African Affairs Commercial Diplomacy Strategy

 

[LOCKY82]

worth a read --> Remarks for Launch of Bureau of African Affairs Commercial Diplomacy Strategy

AI summary

The speech outlines a strategy to strengthen U.S.-Africa business partnerships and increase U.S. exports and investment in Africa. The strategy includes six key actions:
* Making Commercial Diplomacy a core focus of U.S. engagement in Africa.
* Working with African government partners to implement market reforms.
* Implementing key infrastructure projects.
* Increasing commercial diplomacy trips.
* Connecting more U.S. companies and capital to Africa.
* Advocating for structural reforms to U.S. trade promotion and financing tools.
The speech emphasizes a shift from prioritizing development assistance to promoting trade and private investment.

 

[Winenut]

Can one of you guys explain how AVZ might be in a position to fully frank a payout. Don’t they have to have paid company tax in Australia to be able to pass on a franking credit? Ignorant Kiwi asking for a friend

100% Mr Photocopier

Cannot pay a franked dividend unless you have paid 30% corporate tax in Oz

And AVZ ain't paying corporate tax in Oz until all it's accumulated losses are absorbed

Tell your friend

 

[Carlos Danger]

Can one of you guys explain how AVZ might be in a position to fully frank a payout. Don’t they have to have paid company tax in Australia to be able to pass on a franking credit? Ignorant Kiwi asking for a friend

If AVZ don't pay tax on the sale of Manono in DRC or SIngapore then we won't be eligible for relief from double taxation in Australia and it will need to be paid by either AVZ or the recipients of the dividend imo

 

[LX600]

If the buyer purchase all the shares of AVZ, will it be a good result for tax purposes?

 

[Winenut]

If AVZ don't pay tax on the sale of Manono in DRC or SIngapore then we won't be eligible for relief from double taxation in Australia and it will need to be paid by either AVZ or the recipients of the dividend imo

Forget it Carlos the sites FUCKED

 

[Retrobyte]

I will hold the line and not go through the hassle/cost of registering with Automic unless management advise me to do so.
Cheers

There is no cost at Automic for an AVZ holder to add their SRN and their holdings, not sure who gave you that info.

 

[Xerof]

If AVZ don't pay tax on the sale of Manono in DRC or SIngapore then we won't be eligible for relief from double taxation in Australia and it will need to be paid by either AVZ or the recipients of the dividend imo

Thanks mate

@Winenut also replied in a similar vein, but his post was immediately deleted by j19

 

[oxxa23]

Thanks so much! Hopefully I've got the letter stashed away somewhere.

you can contact automic, provide some proof of ID and they will re-post the letter out again... they can't email it... (that's what i was told)...

 

[Samus]

Thanks mate

@Winenut also replied in a similar vein, but his post was immediately deleted by j19

You Mean TanCA right?
I'm so confused with their many aliases

 

[oxxa23]

good to see where all unified and not having a crack at one another... nobody is succumbing to the pressure at all...

we're almost their fuckers... hang on... save the rage for farkwits like tommy dickardson and carrot dick

 

[ptlas]

you can contact automic, provide some proof of ID and they will re-post the letter out again... they can't email it... (that's what i was told)...

They warned me that it may take two weeks to land.
It did, so don't lose any sleep over a delay.

 

[oxxa23]

They warned me that it may take two weeks to land.
It did, so don't lose any sleep over a delay.

Same

 

[LOCKY82]

Showing zeebot as being active today, I've messaged about ZE TROLLS

 

[TheCount]

If AVZ don't pay tax on the sale of Manono in DRC or SIngapore then we won't be eligible for relief from double taxation in Australia and it will need to be paid by either AVZ or the recipients of the dividend imo

Unfortunately we do not have a tax treaty with the DRC so double tax is a risk which makes it so important to make sure the correct entity is sold/ taken off our hands.

AVZ can always pay taxes but they have to be from profits. If the company is given income then sure, a profit can be booked. If the company is given a capital offer for scrip, then it will need to be passed on as capital to shareholders.

I’m sure Nigel has all this information in his briefcase.