Candover Investments Share Discussion Threads

[topvest] 04/6/2021 21:07

Yes, same here - Capita messed up the cheques though. They are absolutely useless; they issued a £ cheque on US$ cheques. You couldn't make up their incompetence.

[tiltonboy] 03/6/2021 10:56

I had mine last week. The second distribution was well overdue (three years since liquidation), but the quantum was pleasing. It doesn't say it's a final distribution, so there may be another small payment at some stage.

[bodlan] 03/6/2021 09:29

I have just received a payment in my SIPP from Candover. I can't find any details on their website though concerning the current status. Anyone know anything?

[tiltonboy] 30/1/2020 16:19

What you trying to say db

[alanji] 04/5/2018 20:22

Woops 😱

[tiltonboy] 04/5/2018 16:59

My corporate actions department forgot to send the e-mail.

I would hope there will be another payment!

[alanji] 04/5/2018 16:32

Received in AJ Bell account.

[topvest] 04/5/2018 16:07

113p per share in my CS Direct account. I'm a CREST personal member, so may have got the cash more quickly than nominee accounts.

[tiltonboy] 04/5/2018 12:42

I haven't seen anything. What have you received?

[topvest] 04/5/2018 11:40

113p back. Pathetic. What a shambolic disaster this has been. Everyone has milked the shareholders for years.

[topvest] 20/4/2018 19:24

Yes, a really bungled wind-up from start to finish. Expro is what finished us off. Absolutely disastrous timing on everything the directors have pursued. They should pay back some of their salaries if there was any justice in this world. I suspect they won’t be leaving this directorship on their CV very long!

[tiltonboy] 20/4/2018 13:38

Looks like we should get just over 120p following the sale of the remainder of the PR holding.

Glad to just get it off the portfolio.

[topvest] 05/4/2018 21:16

Finally, this investment trust must have some sort of record for the brilliant initial performance followed by a disastrous plunge to virtually zero. Certainly, the worst investment trust I've been involved with for a decade or so. From selling Arle for nothing to the disastrous Expro to the excessively expensive debt instruments and high running costs. Basically, debt fuelled toppy valuations in the wrong sectors at the wrong time undid all the great work from earlier years. I don't think I made any real errors investing in this one, its just been one unlucky and horribly frustrating ride for all of us.

[topvest] 05/4/2018 21:00

They appear to be selling with Parques Reunidos at / close to a 2 year low and with the Euro rate having weakened versus £. You couldn't make it up really!

[topvest] 05/4/2018 20:57

Still not very impressed at how long this has taken and the lack of communication. Be lucky if we get more than £1 back, although the share price is probably the closest guide at this stage.

[topvest] 05/4/2018 20:56

OK, thanks! The RNS was missed by me as it was a mid-day one. Should have put this out at 7am really given they have been planning it for months. Also, the first I read of it was opening up the circular. Poor!

[tiltonboy] 05/4/2018 18:35

They've told you that the NAV is 124p!

[topvest] 05/4/2018 18:19

Wouldn't it be nice if the directors explained why they held off selling the largest holding until now? No Annual Report. No disclosure of director costs or wasted costs exploring other options. Put the directors on your barge pole list! Has a bad smell. What a story of shareholder value destruction. It was £20 per share at one point. Unbelievable really.

[alanji] 05/4/2018 17:12

I received the notification through AJ Bell today

[asmodeus] 05/4/2018 15:34

For those that don't already know, they say "approx. 43% of assets are in cash etc", and "53% in Parques, in which the Company is currently undertaking realisation, and this will continue until the holding is fully realised"

[topvest] 05/4/2018 15:18

Took them long enough to get around to this. Why didn't they sell Parques Reunidos before now? Incompetence reigns!

[asmodeus] 05/4/2018 10:20

Am I the only one that has received the notice today of the Voluntary Liquidation proposal? Edit: well, seems like it - what have I done to deserve this privilege?

[topvest] 01/4/2018 13:10

Yes, hope they have something good lined-up. Otherwise their judgement just looks awful.