Member Info for 1887

rat. drainpipe. gowon lad up you go, you know your place.

indeed. lets hope so.

Pearls
yes, a fantastic day, the rises kept going which is a nice change. im relatively new to all this so learning all the time.... today is a good day though

are pwc in on the deal or are they supposed to be independent to everything? going by the documents they've released it looks to me like they've had a couple of years association with McColl's and as an administrator im wondering if this could put them in a biased position against the shareholders if theres been any malpractice by McColl's. I thought McColl's were supposed to run their business with the interests of shareholders at the forefront of their operations but going by information released from pwc it does raise alot of questions about the conduct of the company and perhaps also the conduct of other companies or associations they've held.

why could the 2021 accounts not be published. 2021 has finished ages ago so the results should have been published. withholding that information could be seen as unfair against the shareholder.

the RNS stating they don't know why the share price has gone up looks odd and could also be seen as unfair against the shareholder

then there are the various "ongoing talks" and information around the deals which we knew little about, again, this could be seen as unfair against the shareholder

the capital raise by placing last year. suppose to be to advance the rollout of the Morrisons daily stores. but ultimately at what cost to the shareholder?

if nothing is going to be given back then it looks suspicious in my opinion.

*so

we are still shareholders and the company is still trading. apparently we can't have our shares listed back on the stock market. I thought the suspension was temporary having read the last few RNS's. if they're not going to re-list hi that we can trade then they should settle by other means.

I reduced my holding by that point as it looked like the company was about to fall into administration. a few days later sky news reported a last gasp proposal that would save the company from collapse. the price indeed rocketed that morning then very suddenly the company was suspended which contradicted what sky news said. McColl's is still trading. this looks like defrauding of shareholders given that nothing is being talked of in the way of return to shareholders. it's not acceptable to defraud people and I think the conduct of all parties needs to be looked at because alot of people are out of pocket.

all shareholders should get a return on their investment. the company is still trading albeit under a different guise and it looks as though the whole thing was planned well in advance. in the absence of any forthcoming news to mitigate the interests of shareholders my patience is about to expire. it feels like we've all been played / strung along and it's time to turn the tables round and do something about it.

correct or not I don't know, but I believe I have rights in the estate of the McColl's company and brand, as with all the other shareholders. until such time that this is settled I won't change my belief. if nothing happens soon to settle my perceived interest (whether rightly or wrongly) in the company and its estate then I am considering pursuing this through the legal channels.

I dont know if you could call it interesting, but for want of another word, I find it interesting that the McColl's brand seems to be separate from the Morrisons daily brand. what's the score here - Morrisons daily for some shops, but McColl's for others, like two separate businesses. also the actual shares that we still own, they are / were shares in McColl's. we've had no say in any of this and it's all been pushed forward regardless. I don't know what to make of it all. it doesn't seem right though. I don't understand how you can be left with a load of shares that appear to account for nothing when the company is still going forwards at pace.

the rebranding of McColl's
https://our-design-agency.com/work/mccolls

I dont follow how the business can be sold without shareholders having any say in it. to not get anything back aswell is a double p--- take.

proposals?.. I'll give them a proposal ;-)

if you look on the pwc website they don't seem to be putting shareholders within the "unsecured creditors" group, and indicate that no returns are likely for shareholders. so a shareholder isn't classed as an unsecured creditor??

.. highly misleading to the general public and to investors

whats not mentioned anywhere is how sky news came about reporting news of a deal by Morrisons that would save the company from collapse. that was incorrect news and only hours later the company was suspended.

it's like McColl's knew the bones of the deal all along.

the RNS stating it was unlikely that any value would be attributed to shares has to be given a context. as has been previously mentioned, what was the comparison judged against? the value of the shares at the time of the RNS? or perhaps the historical value of the shares over the past few years?

yes, judged against the historical share price ie £3, £2, £1, 50p, etc, the deal may yield little value. the RNS also stated that no value may be attributed to the shares - they did not know - because presumably the deal had not been done, though it seems they had a good idea as to what it could be.

we now learn that there *may* be some money left over and there is might be a possibility of a return to shareholders though it looks like some number crunching needs to be done and priority credits need to be dished out.

looks to me like Morrisons have factored in something a little bit extra to the norm but we will have to see if or how that pans out.

i saw it written somewhere, either on share chat or twitter

what if it did happen?