Shares in a compant called Worthington

FinancialController

I have inherited a large amount of shares in a Company called Worthington plc however they have been suspended from trading for nearly a year now.

I'd just love to cash them in right now - does anyone know if it is possible to trade in suspended shares.

badger09

No.

Trading in the shares has been suspended - therefore you can't trade them:cool:

colsten

A quick Google doesn't reveal much but I wouldn't hold my hopes very high for any trading any time soon as they seem to have been suspended for some time, awaiting "refinancing", and their website isn't exactly up to date.

http://www.morningstar.co.uk/uk/news/AN_1397222511650362500/worthington-group-to-lift-share-suspension-following-interim-results.aspx

http://worthingtongroupplc.com/wp-content/uploads/2015/07/RNSWRNPanelExt10072015Final.pdf

molerat

Another extension notice yesterday http://shares.telegraph.co.uk/news/article.php?id=5116069&epic=WRN

masonic

I've heard it described as "a company worth nothing, which burns cash and has no assets, trying to reverse into a company that's bankrupt". Good luck!

FinancialController

My research, such as it was, concluded that this is almost definitetly worthless and any prospect of achieving a cash return is most unlikely.

In addition it seems to be run by operated by a bunch of spivs.

planteria

i hope it turns out well for you.. it looks as though you can't do anything other than sit, wait & hope:think: