Cattles Share Discussion Threads

[pvb] 01/9/2016 17:49

A rave from the grave? :



Just noticed, somebody got there first. ;-)

[joe say] 01/9/2016 11:43

Paltry - given the losses borne by investors

[spectoacc] 01/9/2016 11:31

7 years later - hmm.

[davidosh] 01/9/2016 11:10

The auditors have been fined




ShareSoc are looking into the possibility of shareholders having compensation or a case against PWC

[davidosh] 01/9/2016 11:07

The auditors have been fined




ShareSoc are looking into the possibility of shareholders having compensation or a case against PWC

[loverat] 26/4/2011 16:25

New site.

Register on this site. Tell them your story.

[angelika] 20/3/2011 17:43

O yes, I am rich now!

[bigman786] 20/3/2011 17:22

so was mine DeanForester ... did not expect anything actually so a little ;-)

[deanforester] 16/3/2011 17:22

My 1p per share was credited to my ISA account today.

DF

[pakomacha] 14/3/2011 11:03

Just rung the scheme supervisors (0161 838 4515). They said the 1p share settlement will be paid on or around 16th March and that no further action is required.

The bundle of papers that was sent out to all shareholders was to discharge an obligation to ensure that ALL potential creditors are made aware of the claim process. Regular shareholders need take no action.

[mrphil] 14/3/2011 08:42

I presume we don't need to do anything to get our 1p per share?



B. SHAREHOLDERS SUBMITTING CREDITOR CLAIMS

9) Why have you sent me notice of the Schemes of Arrangement
between Cattles and WFSL and their respective creditors?
You are being contacted as Cattles and/or WFSL believe that you are or may
be a creditor of Cattles and/or WFSL. As a result, Cattles and/or WFSL are
obliged to notify you of the Schemes, the Effective Date and request that if
you wish to make a claim in the Schemes you submit a Claim Form in those
Schemes on or before 2 June 2011.

[optomistic] 13/3/2011 14:57

Thanks grahamburn, being one of the suckers who fell for the 'rights' issue I will download the Cattles form and see what can be done from there (not much I guess) we really have been cleaned out here.
Almost as bed as Telewest going bump, I got hit there and now I am paying Virgin for my internet/telephone and TV. I'm sure I can be forgiven in thinking these insolvencies are orchestrated! ....but I did finish up with 3 Virgin shares so in time if they get to about £650 each I could be at breakeven. LOL...well you have to laugh.

[grahamburn] 13/3/2011 14:37

This helps a little:



There may well be grounds for shareholders to claim, but would guess that only those who took up the rights issue in 2008 would have any leg to stand on. The estimate for ALL creditors is 2.2p in the £, so not a significant sum, especially if the 1p per share received this week has to be deducted!

A call the Scheme Hotline might provide further guidance.

[grahamburn] 13/3/2011 12:52

This doesn't help either!

[optomistic] 13/3/2011 10:22

These forms appear to me to be claim form for creditors of Welcome Finance, but would appreciate confirmation of this.
I can't see ordinary sharholders getting any more than the 1p/share. It's appalling really that the directors were applying for bank status when they must have known the financial situation the company was in, thank goodness that the bank status application was rejected otherwise many more suckers would have been drawn in!

[varies] 13/3/2011 09:20

Let us hope we receive our pittance next week when due and we can then bin these papers and put this unhappy experience behind us.

[4711phil] 13/3/2011 09:08

MRPHIL,
thinking exactly the same thing,wouldn't know where to start!

[mrphil] 12/3/2011 23:36

What's with the forms that have just arrived in the post, surely these aren't for shareholders to fill in?

[alistair4444] 28/2/2011 14:18

Cattles PLC
28 February 2011
Court sanction of Schemes of Arrangement

Cattles plc ("Cattles") is pleased to announce that the High Court of Justice of England and Wales (the "Court") has today sanctioned the scheme of arrangement to effect the recommended proposal for the acquisition of Cattles by Bovess Limited.

Cattles is also pleased to announce that the Court has today sanctioned the schemes of arrangement between each of Cattles, Welcome Financial Services Limited and Ewbanks Mail Order Limited and certain of their respective creditors.

All of the above schemes of arrangement are expected to become effective shortly, subject to the satisfaction of certain conditions.

A further announcement will be made in due course.

[grahamburn] 22/2/2011 10:11

But from yesterday's RNS it looks like it's being delayed a little....



Wonder why?

[deanforester] 31/1/2011 17:04

Looks like we get our 1p per share, then.

DF

[spectoacc] 02/12/2010 08:28

No - no relisting, shareholders will get paid 1p/share for their shares, if it gets voted through, prob get the money late Feb.

[sagem] 02/12/2010 07:59

I think thdese are to be re listed at 1p per share....is that correct Article in Daily Express

[maxk] 30/11/2010 09:10

Cattles investors reach pay-out agreement
Investors in Cattles have reached a deal with the troubled door-to-door lender nearly 20 months after its shares were suspended with the relevation of an accountancy scandal.

By Harry Wilson 7:00AM GMT 30 Nov 2010




Shareholders will receive a total of £5.3m from Cattles, while bondholders will get as much as £49m as part of a restructuring deal that will put the business under the control of its lending banks.


Under the terms of a provisional agreement, shareholders will receive 1p for every share they owned, while bond investors will get a payout worth 6.5p out of every £1 of debt they held.

Cattles shares were suspended in April 2009 at 6.88p, having traded at more than 200p in the summer of 2008.