GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
I was in FITB. Made a nice profit and sold at .41 the free shares I had the day it came out of suspension. In terms of debt, I think you might be correct, the debt might have been paid. So, what is your calculation for EPS?
Trader - I did a quick calculation and EPS are 18p? No even 2x the SP for an £80 million revenue business making a profit? That can't be right. Something else is keeping the SP at these levels.
£9.3m Debt. Not bad.
The report says that the company had £84 Revenue and £2.1m profit? That adds up to 18p EPS. Can long term holders tell me if the company has any debt? I haven't checked yet.
What a disappointment this share has been. I have been here for nearly two years and I am loosing 80% of my investment. Now they are changing the name of the company?! Why? To get more money from institutional investors and dilution for PI's? They say they will create value, but with what? I wouldn’t be surprised if at some point they propose a share split and continue the same game.
Same here. I bought in the 0.60's and I also have written off this investment. Am I getting my money back? I hope HH pays off!
why did the company change the delisting to 18/04 from 22/03?
What is everyone's gut feeling about this one? it seems that this share does not need much to go up or down. Is there a take-over on the horizon? I think so! Is it going to happen before the de-listing? NO!! 3.5m shares and this goes up 36%. It seems that most shares are locked! Not many Pi's have shares!
they do not seem to be able to get the shares on the cheap.............reason for the rise. I did a dummy buy this morning (Natwest) and could not get more than 30k at 1.2.
I think this was a delayed trade?! Was this trade not done last week? Or was it a second 4,847,600? The question here is, why would someone invest £100k on a share that is going to de-list? I would not, but then again I have a bit of money invested here and not interested in selling. The reason? Because I believed the company has potential outside the volatility of the aim market. Yes, there will be dilution! But I think this company without the threat of de-listing would be worth easily 10p. If my entry was 2p, then I am evens. Without the loan notes, then 10p or a value of £15 million is quite low for a company with US$38.7 million sales for 2010 and US$17.2 for the first 2 months of 2011. Now, my concern is that someone is buying a stake to vote down the de-listing, get the company in a pre-pack administration, offer to clean up the loan book and buy up the company for peanuts. Is that possible? Maybe. Could a deal be done with the loan book owners for some equity and repayment and wipe out PI's? Maybe! Would PI's have a case to take to court? NO! My advice to PI's is the following. If the vote is NO to de-listing. SELL.
93,593,721 12.69% (Dragon Mining) X 0.084 AUD (last close) = $7.8m (£4.7m) + £1m (Cash) / 356m shares = 1.6p + the sudan licence if its worth something. I would say that the bid would have to be about 1.9 - 2.2 per share.
Where did you get the info that European Gold wants to takeover Dargon?
I have been reading about administration and one of the things I have noticed is that the administrator has to first take time to value the business. Did this happen to Heywood Williams? NO Does that mean that procedure was not followed? Any comments?
I have also sent an email to the daily mail and hopefully it will get to the reporter that interviewed Paul Bell. Article: http://www.dailymail.co.uk/money/article-1219463/I-kiss-shares-goodbye-kill-outrageous-deal.html Mr Andrew Leach (Mail on Sunday Financial News Editor), You recently wrote an article about Heywood Williams where you interviewed Mr Paul Antony Bell about his shareholding in the company. http://www.dailymail.co.uk/money/article-1219463/I-kiss-shares-goodbye-kill-outrageous-deal.html It as been reported today that Mr Bell and all the other shareholders (including myself) have lost their stake in the company in really suspicious circumstances. The company (Heywood Williams) knew the vote was going to be against them and had everything set up for the banks to take over the company after the meeting as planned if the vote was in favor of the restructure. The company already in existence, Arran Isle Ltd owned by Lloyds Banking Group, has taken over (bought) Heywood's subsidiaries, leaving shareholders without a stake in the company. The reason why I am contacting you is to ask if it would be possible for you to interview Mr Bell again or ask him if he could give us (shareholders) an email address so we could contact him to find out if he is going to do something about what has happen or if there is a way to go to court and ask for an injunction against the deal going through. Regards,
I have sent an email to UK Shareholders' Association about what happen today and I wold advise everyone to do the same so we have a voice. uksa@uksa.org.uk
If you read the associated press report, Lloyds already had the company set up. They just transferred the subsidiaries. This can only mean that they had everything prepared. We need to find an email address for paul bell. Maybe by contacting the daily mail reporter, he must have it and paul has to say something about this because he was completely defeated!!!
Mr Bell said last week the terms of the original rescue deal were "outrageous" and that he would "rather kiss my shareholding goodbye" than see it go through. it seems it is legal, fxxxk
Banks buy up building supplies firm (UKPA) – 20 minutes ago A building supplies firm with more than 1,000 staff has ended up in the hands of the banks after falling into administration. Halifax-based Heywood Williams, which employs 384 staff in the UK, called in Deloitte as administrators after a rescue plan was voted down by shareholders. But the firm's trading subsidiaries were immediately sold out of administration to a new company, Arran Isle, which is 80% owned by Lloyds Banking Group and National Australia Bank. The other 20% of the new firm will be split equally between the firm's management and an employee trust. Heywood - which was crippled by debts and the housing market downturn - said the move meant "business as normal" for the company and secured the jobs of its staff. But the sale wipes out the existing shareholders - including major investor Paul Bell, who owned 27% of the business. He voted against a restructuring deal put forward three weeks ago which avoided administration but left shareholders with just 10% of the firm. Heywood, which supplies goods such as door panels for conservatories and brassware, made pre-tax losses of £9.6 million in the first half of this year. The firm was carrying £47.6 million in debts after an acquisition spree at the top of the market. The banks have written off £21 million of this in return for their 80% stake. Mr Bell said last week the terms of the original resc
Mr. Bell’s address is: 12 Manor Park, Onchan, Isle of Man, IM3 2EP
to re-structure the business. Be patient.