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FWY Fayrewood

123.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fayrewood LSE:FWY London Ordinary Share GB0003324794 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 123.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 123.50 GBX

Fayrewood (FWY) Latest News

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Fayrewood (FWY) Discussions and Chat

Fayrewood Forums and Chat

Date Time Title Posts
28/5/201207:52Letchworth Investments Limited38
28/2/200910:05Fayrewood - troll free thread2,745
14/12/200621:46SHORT Fayrewood - this stocks going to tank!!!248
22/11/200517:31Fayrewood Goes from Strength to Strength7,443
31/10/200520:42Fayrewood - sensible comments only20

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Fayrewood (FWY) Top Chat Posts

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Posted at 28/5/2012 07:44 by mertles
Same price here from my broker too. Thanks Des for keeping us updated over the last couple of years. As someone with a nominee holding it was very much appreciated. All the best.
Posted at 25/5/2012 12:34 by 40plus
Just had confirmation from Hargreaves Lansdown that I also have received 66.0604p per share...

Turned out all right in the end!
Posted at 25/5/2012 07:29 by mertles
Many thanks for that Des. My nominee account is still showing my share holding. Will confirm price once it's been updated. I guess sometime early next week. Cheers.
Posted at 23/5/2012 15:04 by deswalker
My cheque just arrived. I got 66.0604p per share which I'm pretty pleased with. I'd be grateful if a few others could confirm their rate is the same. Then we can put this thread to bed. Thks.
Posted at 09/11/2011 11:59 by deswalker
The Special Resolution to appoint a liquidator passed at yesterday's EGM. The letter on the FWY website says that the capital distribution is anticipated "in or around May 2012". Six months to go.
Posted at 15/10/2011 18:47 by deswalker
Received the Annual Report to 30 June 2011 through the post this morning.

NAV is 67.37p per share. The UMD warranty has expired so this figure is now unencumbered except for some very small technicalities linked to the BM purchase I believe.

They have issued an EGM notice to authorise voluntary liquidation and a return of capital to shareholders. The liquidation will take some time for the formalities to go through and they hope to make the one-off capital repayment in late Spring next year.

I'm guessing "late Spring" will mean approximately May which is about 3-4 months longer than I had hoped but it is what it is.

Back to waiting for another 7 months or so but we're getting there eventually.
Posted at 24/3/2011 11:14 by deswalker
Just received the Interims through the post. Not a lot to say really ...

They use an fx rate of approx 1.172€ which gives a NAV per share of approx 68p (=67.64p to be precise).

They say that the BM issue is close to being settled out of court at a level below the £365k provision (incl costs) which means that some of this provision should be added back to enhance the above NAV figure slightly.

The UMD warranty period comes to an end in six months time or so and assuming no claims (IMO it appears they've heard nothing from them since the attempts to curtail the warranty failed) then they expect to announce proposals for the return of funds to shareholders soon after.

Assuming the € cash balance is the same €7.1m as in June then this means the sterling balance is £1.445m. Consequently adjusting for the current fx rate of €1.146 gives a NAV per share of 68.95p before any small uplift from a release of the remaining BM provision.

That's it for another seven months or so when I hope to get a clear proposal about the return of cash. All being well it ought to be distributed before Christmas IMO.
Posted at 13/10/2010 11:54 by deswalker
I received the Finals through the post this morning. As of 30 Jun the NAV is 65.43p per share. This was during a period of € weakness so they used 1.2348 € per £.

Splitting out the cash deposit balances into €7.1m and £1.53m and adjusting for the current fx rate of 1.134€ per £ gives a current NAV per share of 70.29p.

Each 1 cent change in the fx rate equates to a £48k change to the NAV. They've considered hedging but have decided against.

They have not heard anything from Esprinet in the last six months. The BM issue is to be heard in the Paris Court of Arbitration this autumn and a £365k provision remains in place for this and which is excluded from the NAV per share above.

They say they hope to give a firm indication of the return of capital this time next year.

That's it I guess. Interims in March, then sit tight for the end-game in twelve months time.
Posted at 13/3/2010 19:36 by deswalker
I received the Interims through the post this morning. As of 31 Dec the NAV is 70.75p per share. Currently it should be fractionally higher due to the strengthening Euro since the start of the year. That's the good news ...

The bad news is that they've failed to agree an insurance policy with Esprinet and so it looks like everything will have to sit tight until September 2011 when the warranty expires. They have no indication that it will ever be needed.

There are also some issues linked to the BM sale but there is a provision in place (and excluded from the 70.75p NAV) which Letchworth claim is prudent.

So back to waiting which is rather annoying as I thought we might actually get news of a capital return before the month is out. Not so ...
Posted at 10/12/2008 10:12 by old boy returns
What fun ! In case anyone has not realised this is not an external offer but rather an offer by a company being set up specifically to buy FWY which will be owned by the FWY shareholders who opt for the cash and share option rather than the all cash option. I think the plan is that post acquisition FWY will pay dividends to the New Company which will then pay dividends to its shareholders. Lots of interesting permutations depending on the number of FWY shareholders who opt for the all cash exit. If most do that then those who do go for the cash /Newco share option could get a decent premium for their patience. It follows that if you expect most to go for the all cash option then buying FWY shares now and then taking the cash and share option on them presents a very attractive risk / reward combination.
Fayrewood share price data is direct from the London Stock Exchange

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