I am intrigued by companies with a dual listing on AIM (or LSE) and another overseas exchange, and the opportunities that may or may not present for arbitrage. Interestingly, though, this 2007 Moneyweek Article suggests that an Aim share with a dual listing on a recognised stock exchange does not qualify for tax relief, which I didn't appreciate. Is that still the case?
This is a thread to discuss this theme and as a place to track UK listed companies with a second listing. According to this article:
Finding a comprehensive list of dual-listed Aim stocks is near impossible. The London Stock Exchange and its Aim team compiled a list a year ago for research purposes but no longer keep it updated.
I haven't managed to track that LSE list yet. As a starter for 10, here's the beginnings of a dual listed list (focusing for now on ASX as I know that better than the others):
- Asian Citrus Hldgs - AIM and Hong Kong
- African Aura Mining (AIM/TSX-V)
- Allied Gold Ltd (AIM/ASX/TSE)
- Antonov Plc (AIM/Euronext - but delisting from AIM planned)
- Antrim Energy Inc (AIM/TSX)
- Bankers Petroleum (TSX/AIM)
- Bodisen Biotech Inc (AIM/AMEX)
- Caledon Resources Plc (AIM/ASX)
- Caza Oil & Gas (AIM/TSX)
- Ceramic Fuel Cells (AIM//ASX)
- Cluff Gold Plc (AIM/TSX)
- Coastal Energy Co (AIM/TSX-V)
- Finders Resources (AIM/ASX)
- Forte Energy Nl (AIM/ASX)
- Global Petroleum (ASX/AIM)
- Ithaca Energy Inc (AIM/TSX)
- Leyshon Resources (AIM/ASX)
- Medusa Mining Ld (AIM/ASX)
- Natasa Mining (AIM/TSX)
- Nautilus Minerals Inc (AIM/TSX)
- 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)
- Rusina Mining (AIM/ASX)
- Stem Cell Sciences (AIM/ASX)
- Serica Energy (AIM/TSX)
- Sylvania Resources Ltd (AIM/ASX)
- Thor Mining (AIM/ASX)
- Uruguay Mineral Exploration - AIM and Toronto
- Zambezi Resources (AIM/ASX)
Formerly Dual Listed
- Gippsland Limited (ASX - cancelled AIM listing)
- Roc Oil Co Ltd (ASX - cancelled AIM listing)
Feel free to suggest some and I will add them to this header. This Palladian list might quite handy - will try to integrate some of that too.
Disclaimer:
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Forte Energy NL is engaged in exploration of minerals. The Company’s segment includes Mineral exploration in Mauritania and Mineral exploration in Guinea. The Company holds 10 100% owned uranium exploration licences, covering over 9,200 kilometer square in the vicinity of Bir Moghrein in the north west of Mauritania close to the border with Western Sahara. The Firawa project consists of two licences, totalling over 509 kilometer square, which are located approximately 25 kilometer to the east of Kissidougou. During the fiscal year ended June 30, 2012, 63 holes totalling 4,712 meter of Reverse Circulation (RC) drilling were carried out at Firawa. The Bohoduo project consists of two licences, covering an area of over 338 kilometer square, situated approximated 120 kilometer north east of Firawa. more »
Ithaca Energy Inc. (Ithaca) is involved in the exploration, development and production of oil and gas in the North Sea. During the year ended December 31, 2010, the combined production from Beatrice and Jacky averaged 9,336 barrels of oil per day gross (4,485 barrels of oil per day net to Ithaca) as measured at the Nigg storage facility. In February 2010, the Galaxy II rig commenced drilling at the Stella appraisal well location in block 30/6a. In February 2011, it completed the drilling of a water injection well for the Athena field development. Ithaca has a wholly owned subsidiary Ithaca Energy (UK) Limited. The Beatrice Field, in which Ithaca holds a 50% interest, is operated by Ithaca. The Athena field is situated in block 14/18b in the Outer Moray Firth area of the United Kingdom's Continental Shelf. In April 2013, Ithaca Energy Holdings (UK) Ltd acquired the entire share capital of Valiant Petroleum PLC. more »
Bankers Petroleum Ltd. (Bankers) is engaged in the exploration for and development and production of oil in Albania. The Company generates all of the oil revenue from its operations in Albania, which is located northwest of Greece in South Eastern Europe. In Albania, Bankers operates and has the rights to develop the Patos-Marinza and Kucova oilfields pursuant to License Agreements with the Albanian National Agency for Natural Resources (AKBN) and Petroleum Agreements with Albpetrol Sh.A (Albpetrol), the state-owned oil and gas corporation. The Patos-Marinza oilfield is an onshore oilfield in continental Europe, holding approximately 7.7 billion barrels of original-oil-in-place (OOIP). The Company also has rights to exploration Block F (adjacent to the Patos-Marinza oilfield), a 185,000 acre oil and gas prone exploration field. more »


20 Posts on this Thread show/hide all
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
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
Natasa Mining (NSN)
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.
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
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"
Also Antrim Energy - TSX and AIM.
Roc have cancelled their AIM listing.
Regards
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.
ACHL Asian Citrus AIM and Hong Kong
UGY Uruguay Minerals AIM and Toronto
MML Medusa Mining AIM and TSX
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
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
Uruguay Minerals is now known as Orosur Mining and the ticker has been changed to OMI (both exchanges).
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)
Useful advice and worked example on Norseman Gold in today's HMRC ISA Bulletin 19:
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
try
Wichford Plc (LON:WICH)
Dragon Oil (LON:DGO)
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.
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