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i must be the worst investor in the world another dog of a share i bought. Can someone with more understanding than me briefly confirm that i have effectively lost everything here or is there scope for something to be salvaged from this total debacle?
anyone seen the RNS today ref North Atlantic Value LLP? anyone know what this means?...if anything....cheers..
Any thoughts on the reuters snippet about disposing UK operations wiping out 60m debts? Why not got for that and keep the business for UAE operations. Arcapita imo would have only been interested in UAE operations. Or the plan imo to go through all this and then sell of the UK operations and UAE stuff goes to Arcapita?
To be fair Tudor Davies gave clear warning about the dilution several weeks ago and also indicated that IF a t/o took place then it would only be at the current SP still very disappointing for those that expected a t/o to occur too much debt and the creditors would not take a big write down to allow others to prosper it would be interesting to see how John shannon has fared in all of this.
I am so p1$$ed off - all the RNS's from the company suggested something completely different. I feel that they have pulled the wool over our eyes and given us false inormation
Thanks - is this all confirmed then -is there any chance this couldnt go through
I have 118k (3k) shares any one know what these will be worth after dilution
Why the need for so much money if the purpose of the SOA was needed to clear debt? I'm assuming you're referring to the fundraising. But the reuters article goes on about selling UK operations to reduce the debt by 60 million. If so, SOA isn't required imo and the company could have been sold minus the UK operations. I believe Arcapita were always interested in the UAE operations.
I thought the SOA would let the debt be reduced. Snippet below on sale of operations along with fundraising would bring down the debt by '60 million pounds'. 'A company spokeswoman told Reuters that the proceeds from the share issue and the sale of its UK assets would be used to reduce its net debt by 60 million pounds to about 42 million pounds'. http://www.reuters.com/article/2011/09/09/assetco-idUSL3E7K92KA20110909
i had a large amount invested in solo as well where i m down nearly 45%..and i was with asto since june @7.21, then keep trying to avg down..bt the bl**dy BOD gives us a sh*t in return..they just deserve a slap from existing s/h.
Hope Kline is ok, The song that springs to mind today is .........Always look on the bright side of life!
Well...................I risked 250 pounds this morning and bought just over 13 thousand of them in full knowledge that they might go under. Did not think it would end as bad as this but Hey-Ho it was a gamble and I went in eyes wide open. Looks like I was second last person to buy on the market! Really feel for people that have been trying to average down over the last few months. You have been treated very badly IMO if you were a long term share holder.
What's been happening here? In short, layman terms?
You are always welcome to express your opinion.
Your a gent mate, we got it wrong this time but thats the game. GL MATE!
Just sit tight we are in the dark here and there is nothing we can do. You never know what might come of this? As for investing your life saving mate, that was the mistake you made here imo should not have done that mate. Advice: don't get your self all worked up. Brush yourself down mate and learn from this. GL Scottie.
Stopped posting on here because i was fed up being shouted down. Riddler was the only one who kept coming back and taking the flak. In the fulness of time he/she has proved to be right. It shows you cant tell people stuff they dont want to hear. As an employee of LFB, i fear for who we get next on a new improved contract and i feel sorry for the poor employees of Assetco who have been working in very trying circumstances. Riddler i tip my hat to you for sticking in there and maybe some people have learned a lesson on opening their mind to different opinions. As to all shareholder i wish you all good luck and hope you may get something from this. You have all been warned for months now that this was a lame duck, but gamblers only see the win, never the risk. Good luck to all.
you were right riddler and im sorry for hating the posts that you posted.... though i never directly spoke to you or spoke about you i still want to ask for your forgiveness... i am sorry for ever doubting you... valuable lesson learnt
If this gets implemented then I'll just wait for around £10 on the share price to get my money back. It might bob along the 200p placing price for a bit.
as a small investor just can't bear it.. bad luck always follows me..are they going to stay on the business or they will wound up.? anyone got the answer.?
Can't say my heart bleeds. Oh dear oh dear oh dear.
im no expert but i believe in means up ***t creek without a paddle
If the debt restructuring is done then at that stage can a buyer still come in?? or will the shares already have been diluted??
Can someone explain what tyhis news on asto assetco means please? RNS Number : 9716NAIM09 September 2011  NOTICE 9/9/2011 12:45pm TEMPORARY SUSPENSION OF TRADING ON AIM ASSETCO PLC Trading on AIM for the under-mentioned securities has been temporarily suspended from 9/9/2011 12:45am pending publication