Dual Listed Stocks on AIM

Sorry to rekindle an old thread.

I had been under the impression that dual listed stocks were exempt from Stamp Duty, certainly I have escaped stamp duty buying Ithaca (LSE:IAE - bought on AIM rather than CVE).

This morning I bought some Coastal Energy (LON:CEO - bought on AIM) but was charged stamp duty...

A brief look has provided nothing to suggest why Ithaca would be exempt but Coastal Energy was not. Can anyone shed any light please?

JS123

nobody has mentioned Polo Resources (POL)- dual listed on TSX & AIM... got a 3p special dividend due soon & buyers are still eligible till later in august(date escapes me at present) good news flow potentially from its near 40% holdings in both CDN & GCM.

try

Wichford Plc (LON:WICH)
Dragon Oil (LON:DGO)

As good as it is, hopefully in the future we won't need this thread :-)

http://www.ft.com/cms/s/2/d8a7bc6e-3903-11df-8970-00144feabdc0.html

The government also said this week that it will consult on allowing investors to hold Alternative Investment Market (Aim) shares in Isas......

.........Stockbrokers and the UK Shareholders Association said they are in favour of allowing Aim shares to be held in Isas.

“It’s about time,” said TD Waterhouse, pointing out the shares could already be held in self-invested personal pensions (Sipps).

Useful advice and worked example on Norseman Gold in today's HMRC ISA Bulletin 19:

Qualifying investments – Shares traded on AIM

In PEP & ISA Bulletins 30 and 31 we explained that for a share issued by a company to be a qualifying investment for the ISA stocks and shares component it must be officially listed on a recognised stock exchange (and, if acquired after 6 October 2005, the 5% test must be satisfied).  We added that the AIM is not a Recognised Stock Exchange; therefore shares that are traded on AIM are qualifying investments only if, in addition, they are officially listed on another stock exchange that is a Recognised Stock Exchange (and, if acquired after 6 October 2005, the 5% test is satisfied).

We have now come across cases where managers have believed that this condition is satisfied if a depositary instrument containing the share is listed on a recognised stock exchange. 

We explained the rules about depositary instruments in ISA Bulletins 15 and 18, when discussing ADR/ADSs.  For ISA purposes, a depositary interest will only qualify if the underlying security would qualify in its own right for inclusion as an ISA qualifying investment.  So managers need to look beyond the listing of the depositary interest and check that the underlying investment qualifies for the ISA.  If it does not, the depositary interest does not qualify for the ISA.

A case in point is Norseman Gold plc.  A manager was told that shares in this company were a qualifying investment because, in addition to being traded on AIM, the shares were listed on the Australian Stock Exchange (ASX).  In fact, the shares are not listed on the ASX, a depositary instrument containing the shares is listed on the ASX; the shares themselves are only traded on AIM.  (See, for example http://uk.finsearch.yahoo.com/uk/?s=uk_sort&tp=S&nm=norseman+gold.)  And this means that neither the depositary interest listed on the ASX nor the shares traded on AIM are qualifying investments.

All ISA managers offering stocks and shares ISAs must check to see if they are holding non-qualifying depositary interests (because the underlying investments are shares that are simply traded on AIM).  If they are they should contact CAR Audit to discuss the matter.

Not sure where else to post this but I thought it might be useful - a list of isable resource stocks -thanks to Snurkle on iii.
It's been awhile since I sent the last list of self trade natural resources ISA-ble shares.

This is the updated list.

Listed alphabetically:
AAAM (iron ore and gold)
AAL (multi commodity)
ACU (copper)
AEX (oil)
AEY - Antrim Energy (oil / gas)
AFR (oil)
AGLD (gold)
AGQ - Arian Silver (silver)
ANTO (mainly copper)
APF (Mainly Coal - invested in a basket of miners)
AQP (platinum)
AYM (iron ore, zinc, copper)
BG (gas)
BKY - Berkeley Minerals (uranium)
BLT (multi commodity)
BP (oil)
BRWM (multi commodity trust)
CAZA (oil & gas)
CEY (gold)
CLF (gold)
CNE (oil & gas)
CRND (gold)
CZA (coal)
DGO (oil)
DME (copper)
DNX (oil)
EGU (gold)
ELP - Elixir Petroleum (oil)
ELR (platinum)
ENEG (oil)
FND (copper)
FRES (silver)
FTE (uranium)
FXPO (iron ore)
GAL (gold)
GBP (oil)
GIP - Gippsland (Tantalum, Tin & Feldspar)
GSL (gold/silver)
HOC (silver)
HOIL (oil)
IAE (oil)
IFL (ferrochrome producer)
JKX (oil & gas)
JLP (platinum)
KAZ (multi commodity miner incl copper and silver)
KGI (gold)
KLG (gold and coal)
KMR (titanium)
LOND (iron ore & coking coal)
LMI (mainly platinum)
LRL (gold)
MML - (gold)
NAD - Namakwa Diamonds (diamonds)
NSN - Natasa Mining (various - pre-production resource investor)
NUS (various metals ... undersea mining)
NWR (coal)
NYO (gold)
OEX (oil)
OMI (gold) - formerly UGY
OSU (gold / copper)
PAF (gold)
PLAA (platinum)
PMO (oil)
POG (gold & iron ore)
PPN (platinum)
RDSB (oil)
RIO (multi commodity)
RMLA (nickel, + various precious and base metal projects)
RMM (gold / copper)
RRL (oil)
RRS (gold)
SE. - Strategic energy corporation (oil / gas)
SIA (oil)
SLV (platinum)
SQZ - Serica - (oil)
TLW (oil)
UKC (coal / land)
UGY (gold) - epic change to OMI, 11 Jan
VED (multi commodity)
VST (oil)
WTN (coal)
XEL (oil)
XTA (multi commodity)
YAU (gold)


Ordered by commodity type(s)
CZA (coal)
WTN (coal)
UKC (coal / land)
NWR (coal)
APF (Mainly Coal - invested in a basket of miners)
AAAM (iron ore and gold)
AYM - Anglesey Mining (iron ore, zinc, copper)
FXPO - Ferrexpo (iron ore)
LOND - London Mining (iron ore and coking coal)
FTE - Forte Energy (uranium)
BKY - Berkeley Minerals (uranium)
POG (gold & iron ore)
KLG (gold and coal)
CEY (gold)
MML (gold)
RRS (gold)
YAU (gold)
PAF - Pan African Resources (gold)
NYO - Nyota Minerals (gold)
CRND - Central Rand Gold (gold)
AGLD - Allied Gold (gold)
OMI - formerly UGY (gold)
CLF - Cluff Gold (gold)
GAL - Galantas Gold (gold)
LRL - Leyshon Resources (gold)
EGU - European Goldfields (gold)
KGI (gold)
OSU (gold and copper)
GSL (gold / silver)
HOC (silver)
FRES - Fresnillo (silver)
AGQ - Arian Silver (silver)
AQP (platinum)
JLP (platinum)
PLAA (platinum)
SLV (platinum)
ELR (platinum)
PPN (platinum)
LMI (mainly platinum)
NAD - Namakwa Diamonds (diamonds)
ACU (copper)
DME (copper)
FND (copper)
ANTO (mainly copper)
RMM (copper / gold)
RMLA (nickel, + various precious and base metal projects)
GIP - Gippsland (Tantalum, Tin & Feldspar)
NSN - Natasa Mining (various - pre-production resource investor)
NUS (various metals ... undersea mining)
KAZ (multi commodity miner incl copper and silver)
VED (multi commodity)
RIO (multi commodity)
XTA (multi commodity)
BLT (multi commodity)
AAL (multi commodity)
BRWM (multi commodity trust)
IFL (ferrochrome producer)
KMR (titanium)
AEX (oil)
AFR (oil)
ENEG (oil)
IAE (oil)
TLW (oil)
RRL (oil)
HOIL (oil)
BP (oil)
RDSB (oil)
DNX (oil)
PMO (oil)
SIA (oil)
DGO (oil)
XEL (oil)
OEX (oil)
VST (oil)
GBP (oil)
SQZ - Serica - (oil)
ELP - Elixir Petroleum (oil)
CNE (oil & gas)
JKX (oil & gas)
CAZA (oil & gas)
AEY - Antrim Energy (oil / gas)
SE. - Strategic energy corporation (oil / gas)
BG (gas)



NOT ISAable - removed from above list ... see thread for reasons
CDN
AFE
NGL
THR
ZRL
BEM
MWA
OVG - Ovoca Gold (gold)

Uruguay Minerals is now known as Orosur Mining and the ticker has been changed to OMI (both exchanges).

In reply to fordtin (post #12)

Hl has it as non isable .

http://www.h-l.co.uk/shares/shares-search-results/n/norseman-gold-plc--ordinary-1.25p

Not usually wrong in my experience

I'm not totally sure, but I think the following means that, although NGL is available to Australians via CDI's, it does not make it eligible for inclusion in a UK ISA. Can anyone clarify this? If it is the case, are there any other dual listed stocks excluded from ISA's because they are only available on the secondary listing as CDI's?



7.44 A practical test that managers can apply to DIs is to look through the DI to the
investment that the DI represents. This might require looking through
intermediaries. For example, if an investor held a DI in overseas shares that was
then exchanged for a CDI, the underlying investment is not the CDI, but the shares
represented by the DI. If all the underlying investments (other than cash) would be
qualifying investments for a stocks and shares ISA if held directly by the investor,
then the DI will be a qualifying investment.
In some cases the investor cannot hold shares directly, for example, when the
shares are issued in the form of a Global Note. The test should then be applied as
if the investor were capable of holding the shares.


p.67 - http://www.hmrc.gov.uk/isa/isa-guidance-notes-2008.pdf

MML Medusa Mining AIM and TSX

ACHL Asian Citrus AIM and Hong Kong

UGY Uruguay Minerals AIM and Toronto

Cool, thanks everyone. Much appreciated. I have integrated those names into the header (let me know if you spot any omissions) and sorted alphabetically, as per Tournesol's suggestions. I might split out by sector too if the list gets long enough.

I have also added everyone who posted on this Thread as a Contributor so that you can also hopefully edit the header directly too if you think of any other stuff to include (links, names). Or just post up and I will add them.

This Palladian list might be quite handy - will try to integrate some of that too into the header.

Roc have cancelled their AIM listing.
Regards

Also Antrim Energy - TSX and AIM.

Ithaca IAE are dual listed (I hold) (also TSX)

Also up a decent amount this week (55p to 70p), with no obvious reason?

Did see this elsewhere "Perhaps it is showing that the imminent news regarding various Sproule reserves analysis, workovers drilling especially the much discussed bypassed Beatrice reservoir section, Stella spud, possible asset acquisition etc are indeed providing a solid support"

Betasurfer - Very useful idea - thank you

might I suggest that stocks are listed in the header in alphabetical order?

here's an alphabetical version of the current list, perhaps you could cut and paste it into the header?

Antonov Plc (AIM/Euronext - but delisting from AIM planned)
Bodisen Biotech Inc (AIM/AMEX)
Caledon Resources Plc (AIM/ASX)
Caza Oil & Gas (AIM/TSX)
Ceramic Fuel Cells (AIM//ASX)
Finders Resources (AIM/ASX)
Forte Energy Nl (AIM/ASX)
Gippsland Limited (AIM/ASX)
Leyshon Resources (AIM/ASX)
Norseman Gold Plc (AIM/ASX)
Novera Energy Plc (AIM/ASX)
Nyota Minerals (AIM/ASX)
Oilex Ltd (AIM/ASX)
Platinum Australia Ltd (AIM/ASX)
Range Resources (AIM/ASX)
RCG Hldgs Ltd (AIM/Hong Kong)
Regency Mines (AIM/ASX)
Roc Oil Co Ltd (AIM/ASX)
Rusina Mining (AIM/ASX)
Stem Cell Sciences (AIM/ASX)
Sylvania Resources Ltd (AIM/ASX)
Thor Mining (AIM/ASX)
Zambezi Resources (AIM/ASX)

regards

T

Gippsland is no longer on AIM.

Add:-

AAAM - African Aura Mining - also on TSX-V.

CEO - Coastal Energy - also on TSX-V.

CLF - Cluff Gold - also on TSX

NUS - Nautilus Minerals - also on TSX.

Natasa Mining (NSN)

The other point to note re Dual-listed stocks is that they are eligible for inclusion in ISAs (using either the AIM stock or the foreign stock)  - which isn't the case with other AIM stocks!

ee

One off the top of my head:

Allied Gold. Not only dual but tri listed now - ASX, TSE and AIM.

Then there is

Serica - TSE and AIM

Bankers Petroleum - TSX/AIM

Global Petroleum - ASX/AIM