We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fii Group | FII | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 02/2/2004 15:49 by moogee seconduserYou could always sell your total Fii holding for 1p to either an investor or better still a Charity. This way it'll guarantee that you will sell your holding to offset your capital gains. If FII pulls through then the Charity will gain for every pence above 1p. Just a thought. Best way to give to Charity and offset cap gains in my book. How many are you selling if you don't mind me asking? Eitherway, mid Feb seems to be make or break. Moogee |
Posted at 28/10/2003 14:05 by moogee I've just had a chat with Doug. He helpfully clarified a few misconceptions I inferred from the latest statement. Once again in order of the announcement:a) FII tried many different combinations of stepped payment in an attempt to keep the dilution effect to a minimum but the Trustees wanted the money in one up front sum. Since FII has no assets then the only way to raise the money is by a rights issue. Doug understood that investors want to keep dilutions to a minimum but this was the only option. b) FII was told by their advisors to value the stake as nil. The Trustees also consider the Xtempus stake as worthless but had to take it for cosmetic reasons. Since FII paid £3m for the stake, the law courts may query that the stake could still have value and would criticise the Trustees for not taking the asset. So basically, I think we can write off Xtempus. c) The 'over 2.5%' statement does mean just 2.5%. The 'over' bit is legal jargon. My mistake/confusion. d) FII will have finished with its pension troubles once the above is completed so no comebacks from the Trustees. Now that this latest announcement has been explained, I consider this to be a very good deal and far better than the previous £27m and rising problem! Hope this BB finds this useful. Fingers crossed for the future. M |
Posted at 08/5/2003 16:38 by moogee I think we'll need to keep an eye on Second Advance Value Realisation Company Limited. They seem to be just in for very short term gains. They certainly appear to have caused distress for two companies, one being Advanced Medical Solutions Group plc.I think Doug has his work cut out. Notification of Interest Aminex PLC ('the Company'), the oil and gas company listed on the London and Irish Stock Exchanges, was notified on 17 April 2003 that Second Advance Value Realisation Company Limited has acquired 3,371,000 Ordinary Shares of EUR0.06 per share in the Company, which represents approximately 3.71% of the Company's issued share capital. The acquisition is conditional upon the listing of Second Advance Value Realisation Company Limited on the London Stock Exchange on 25 April 2003, whereupon the holding will be registered in the name of Nortrust Nominees Limited account AVC01. Advance Value Realisation Company Limited. The Company's principal activity is that of an Investment Company. The objective of the Company is to manage its investment s to provide value and liquidity to its investors. The Company has not yet been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 30-Jun-2001. It has conducted its affairs as to be able to seek such approval for the year ended 30-Jun-2002. It has just seen the back of Advance Value Realisation Company, an investment vehicle set up to relieve institutions of stakes in unloved small companies. 25th March 2003 - Advanced Medical Solutions Group plc - AGM Resolution The board received yesterday a request by Advance Value Realisation Company Limited (AVRC) under section 376 of the Companies Act to put an ordinary resolution at the forthcoming AGM to shareholders to request the AMS board to invite offers for the Company. This is much the same resolution that was defeated last year. The principal reasons given by AVRC for this action are: 1. "An unsatisfactory share price performance"; and 2. "No recovery in AMS's trading" "Against a background of worldwide growth in the advance dressing market of 10%-12% year on year, the performance of AMS's core business has been extremely disappointing". Responding to these points, the board of AMS would like to highlight that: 1. Since AMS announced the acquisition of MedLogic on 28 March 2002, its share price has outperformed the FTSE Small Cap Index by approximately 15 per cent; and 2. AMS's core Professional Woundcare business has grown by 26 per cent. in 2002, representing double the market growth rate that AVRC refer to in their letter. The board is disappointed that this request was made the day before the Company issued its preliminary results for 2002 and the day before the Company had meetings scheduled with its institutional shareholders, including AVRC. A copy of the AVRC letter and a detailed response from the AMS board will be circulated with the Annual Report and Accounts next month. |
Posted at 06/5/2003 13:12 by moogee Interesting article in the IC this week regarding Bradstock. Apparently, many new and old clients are holding back on future deals until the fate of the Company was assured.This could be the case with Fii in terms of new custom. Therefore, it is one further reason why it is in the best interest of the Company, its' staff, Fii investors and moreover the pension trustees to get this sorted. M |
Posted at 19/3/2003 10:47 by moogee Yes I've been a shareholder for some time in Fii. Relatively speaking one could say that I don't have that many shares compared with others.How long will I stick with this company is hard to say. It all depends on what Fii does in the future and whether I think the shares will be overpriced at a later date. Now there's optimism for you. Like many investors I was trapped by the long suspension. After the suspension I deemed that the share price was too low to sell since I believed the company could be turned around. I posted earlier what I thought the company should do to increase shareholder value. One suggestion was logically to move manufacturing overseas. Thankfully, Doug Ware is doing a good job in turning the company around to which I am grateful. I believe now is a good time to buy even under the shadow of the pension fund deficit. In view the Bradstock ruling I believe the pension fund deficit can be easily sorted out. It is in the Company's, shareholders and pension trustee's best interests to resolve this. Once this is done I would expect a re-rating of the shares. A re-rating is already due based on the bull points I have mentioned above. Also considering possible footwear contracts with major stores on the back of Fii's well-known established brands and we can quickly see how undervalued Fii really is. So to answer your question of how long will I hold all depends on what Fii does from now on and is the share overvalued or not. My style of investing however does tend to be long term in years. How about you? M |
Posted at 06/3/2003 16:15 by moogee The recent results were for November 2002, months ago when Fii was still sorting out itself. The huge trades just look like transfers to me. This has been a common theme with Fii. See calculatedrisk's post (No. 17). When you take out the big trades you will see a few smaller ones where either investors have had enough, bottled it or even bought. I did the latter.Turning a company around does take a long time and much effort. Something many other listed companies have yet to do. M |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
