The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Notice Gary has his posts recommended what a coincidence. Very focussed here for a non holder. Doesn't even hold and has spent all weekend posting on arms. His excuse is he was asked to write an article on arms, obviously with a negative tilt but use your experience of keeping it neutral as though you have no interest here. His boss asked in case you wondered. He is right though he doesn't have any interest here as he doesn't personally hold but he is paid to post nonetheless, obviously. All weekend posting on a share you have no interest in. Really ! All weekend !! No interest, Really ! Absolutely no interest. Quick look Pegasus has just flown by. Right !
I've just read this post of yours Gary and it seems to me you are doing exactly what you are accusing others of doing but with your own negative manipulative tilt ....."Cheers. Pity some think the purpose of these boards is to try and use them to affect the SP, rather than to discuss shares!" ......a touch of narcissism in your approach and it is annoying when you openly admit you do not hold. Why are you not posting and dedicating your time to shares you hold? Do you not hold any! Are you paid for posting here? Flat boring neutral posts with a certain negativity as if you are constantly goading and provoking holders. You obviously think your approach is cleverly under the radar. It's obvious ;) you are no better than the ones you accuse of posting false information. All week end constantly posting here where you do not even hold. Come on, Right ?! Busted !!!!
Oddly, you have spent All weekend posting here but you do not hold. Are you being paid here? Most posters refer to factual info provided from the company whereas you combine this with a negative tilt referring to other cases. You are using your usual glass half empty tactics as you tend to do and you have been very focussed on Arms this weekend. I hold here and look in from time to time and I notice the majority of posts here are from your negative mind. You have an agenda here it is plain to see. I'm toying with filtering you.
All that matters is factual news provided from arms professionals. They have arms and their holders best interests in mind and they are pursuing 173m plus interest from Roselani who will pay or be imprisoned. Either way the courts will see arms have their money returned and the market will be updated this month by arms nobody else. Gla
Lawyers move to seize two chateaux owned by Rosan Roeslani Two chateaux in France, a Beverley Hills mansion, a Spanish golf resort – and a stake in Inter Milan football club. These are some of the assets, together worth more than £50m, that lawyers are pursuing as they turn up the heat on Rosan Roeslani, the former director of the recently renamed Asia Resource Minerals (ARMS). The company, far better known as scandal-hit coal miner Bumi, has been hunting down Mr Roeslani ever since he broke an agreement in December to repay $173m (£104m) – money that mysteriously vanished from the group’s 85pc-owned Indonesian subsidiary Berau Coal, while he was running the unit. After Bumi told shareholders the missing funds related to spending for which there was “no clear business purpose”, Mr Roeslani signed a contract last June agreeing to repay the sum, without admitting liability. But he has repeatedly failed to come up with the money. ADVERTISEMENT The company’s lawyer, Macfarlanes, investigated Mr Roeslani’s non-Indonesian assets. Now it has made its first breakthrough. Sources in Indonesia told The Daily Telegraph that the law firm has secured a legal ruling in France to freeze the assets of the two French properties – Château de Bonaban and Château de la Grénerie. They are understood to be held via a structure leading to a holding company in Luxembourg, owned by Mr Roeslani. Bonaban, in Brittany, was converted to a hotel in 1997. According to its website, the property dating from Roman times is perched on a small hill “with distant views of the bay and imposing Mont St Michel” and “surrounded by 68 acres of parkland with a large lake”. Mr Roeslani is thought to have paid around €3.6m (£3m) for the property, which is today worth an estimated €5.7m. La Grénerie, at Salon-la-Tour, was built in 1450 and is thought to be worth €3m. ARMS and Berau Coal have obtained two “ordonnances” from the “Tribunal de Grande Instance” at St Malo and Brive – the relevant jurisdictions – to seize the bank accounts of their holding companies on a “conservatory” basis. This is a French legal procedure that gives bailiffs authority to manage the assets. The orders seek to hold both chateaux as security pending the outcome of French legal proceedings and/or arbitration action in Singapore that ARMS has taken against Mr Roeslani in an attempt to recover the $173m. Technically, the two chateaux are held as security against the first $30m that he undertook to repay by last October – even if the two properties are together worth less than that sum. The law firm is also said to be examining action over 620 North Walden Drive in Beverley Hills, which it also believes to be owned by Mr Roeslani. He is thought to have paid $7.65m in November 2011 for the five-bedroom, seven-
...since news arms has risen from circa 5-6p therefore it is still 3-400% up currently. The news was big and Roselani has agreed he is liable for it. The next stage is pay up freely or pay up whilst behind bars and we sell your assets, either way arms is in the driving seat. Remember fitb was at circa half a penny and rose to 26p over a few days. It then took a few day to drop to 13-15p before bouncing around 8-9p due to placing at 9p. That is still some rise it has held on to. Expect further rises here in arms there is a lot of money at stake.
That sounds reasonable, anywhere between 25-35. Let's see how sentiment plays out, as stated look at where aim took wrn's sp.
Very true lmao.
Breakthrough in pursuit of former Bumi director's assets http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10676820/Breakthrough-in-pursuit-of-former-Bumi-directors-assets.html Lawyers move to seize two chateaux owned by Rosan Roeslani Two chateaux in France, a Beverley Hills mansion, a Spanish golf resort – and a stake in Inter Milan football club. These are some of the assets, together worth more than £50m, that lawyers are pursuing as they turn up the heat on Rosan Roeslani, the former director of the recently renamed Asia Resource Minerals (ARMS). The company, far better known as scandal-hit coal miner Bumi, has been hunting down Mr Roeslani ever since he broke an agreement in December to repay $173m (£104m) – money that mysteriously vanished from the group’s 85pc-owned Indonesian subsidiary Berau Coal, while he was running the unit. After Bumi told shareholders the missing funds related to spending for which there was “no clear business purpose”, Mr Roeslani signed a contract last June agreeing to repay the sum, without admitting liability. But he has repeatedly failed to come up with the money. Read on:-
At last somebody understands. Well done. Like I said the writing is on the wall but Roselani can't see it. Whatever the outcome ARMS will get their money.
Good work frank. His increase from 2013-2014 is 50m. That is now ours plus 123m :)) he's still swimmingly rich isn't he.
Lawyers move to seize two chateaux owned by Rosan Roeslani Two chateaux in France, a Beverley Hills mansion, a Spanish golf resort – and a stake in Inter Milan football club. These are some of the assets, together worth more than £50m, that lawyers are pursuing as they turn up the heat on Rosan Roeslani, the former director of the recently renamed Asia Resource Minerals (ARMS). The company, far better known as scandal-hit coal miner Bumi, has been hunting down Mr Roeslani ever since he broke an agreement in December to repay $173m (£104m) – money that mysteriously vanished from the group’s 85pc-owned Indonesian subsidiary Berau Coal, while he was running the unit. http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10676820/Breakthrough-in-pursuit-of-former-Bumi-directors-assets.html
I'm back to netflicks and breaking bad it's great lol .....!
He is rich he thinks law is for mere mortals. He will have hanger on's feeding off of him and they'll be keeping him in land oblivion. Everyone but him can see the writing on the wall. Look at some of his assets lol he's living the high life, stakes in football teams lol does he think he's Abramovic... Keeping up with the jones is coming to an end for him, the party is coming to an end one way or another but ARMS will get their compo
In the mean time being armed :) with this information traders are given ample latitude to trade. The fact is 173m is heading for the coffers. No p&d it is fact based on company and court announcements. This is a big deal.
Is probably oblivious to the fact law applies to all. In the mean time he is swanning about rich thinking he is untouchable. Time to be grounded Mr Roselani either 173m or lose all your assets, either way ARMS wins ultimately.
It's all standard court proceedings. Obviously Roselani will stall as much as possible whilst he tries to get his house in order but like all these things time catches up and the nut is screwed down. And so he's now at the stage pay or you lose your assets. Bailiffs step in case closed.
Here remember is based on the news announcement of winning arbitration worth 173m. That's it, so not exactly ramping as it is based on up to date news which has been presented to the market by the company. Fact.
Healthy consolidation as expected. Retrace is minimal considering the gains so far. Gla.
Don't worry about them the fact it has bounced answers that Q. Somebody's buying. Hard to guess the top and bottom but you will take the plunge eventually, the carrot here is large.