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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Orchid Dev | LSE:OCH | London | Ordinary Share | KYG6791P1072 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.875 | 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 | 1.875 | GBX |
Orchid Developments (OCH) Share Charts1 Year Orchid Developments Chart |
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1 Month Orchid Developments Chart |
Intraday Orchid Developments Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/3/2015 | 17:53 | Orchid Developments 2012 Thread | 9,611 |
| 26/1/2014 | 12:06 | ONLY for action group posts | 173 |
| 19/12/2012 | 15:35 | Markt posts | 157 |
| 04/12/2012 | 18:38 | ONLY to vote YES or NO to the resolutions in EGM | 9 |
| 02/12/2012 | 16:13 | Proposed new EGM & Capital Raising | 232 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/3/2015 17:53 by smithie6 From WRNand BBC article "Four men have already appeared in court charged with fraudulent activity following the investigation into the sale of Rangers. David Grier, 53, Paul Clark, 50, and David Whitehouse, 49, worked for Duff and Phelps - Rangers' administrators." if my memory is correct were Duff and Phelps the administrators for OCH ? were the same people involved ?! if Duff & Phelps are being processed by court system for their part in Rangers....should their role in Orchid administration also be checked to see that nothing illegal there ?? |
Posted at 12/3/2015 16:29 by jathomas Avoid all share son AIM more like! |
Posted at 28/3/2014 12:49 by smithie6 btwinteresting to see that at MET the new bod took the previous bod and advisors to court, in the IoM and won ! receiving almost 3M pnds ! Lessons 1) imo avoid all companies listed in IoM...and Cayman Islands etc etc (since much harder and more expensive for UK PIs to try to get the law enforced on the bod....and UK regulations/law will generally not apply, of course and some dirs. will intentionally register the company there for that reason !!) 2) distrust all directors ....and then only put companies and directors onto an 'OK list' after inspecting 5 years of past accounts and all RNSs....to check that dirs. have acted with integrity....and not 1 example of acting for excessive self benefit (the OCH dirs. awarding themselves a bonus for 2009 when imo no bonus was due, since no actual profit was in fact made, should have acted as a DONT TOUCH signal to all PIs) (by avoiding company shares with doubtful or dubious directors or bods then ones overall portfolio performance over time can be improved imo in last year or two could have avoided large % losses from - Orchid - Mobile Streams - Globo - Cupid etc |
Posted at 04/3/2014 14:40 by smithie6 "accepting the offer from Bellport"so they thought it was worth having 1) Was the action group 'active' ? eg. did they approach possible buyers ? did they lodge a request with the court to cancel the 2009 dirs. bonus payment as false/illegal ? 2) Why did the action group act so secretly and not post any updates on this message board (the most popular one for UK investors in OCH) ? 3) What did the dirs. buy and how much did they pay ? 4) No interest in lodging allegations vs the dirs. for illegal conduct ? ...conducting the co. for their own benefit and not for shareholders, as reqd. by the law ? ===== Repeated reminder to myself - avoid any company involved with Shore Capital - avoid any company where the dirs. are overpaid - avoid any IPO where the issuing broker is selling in the IPO ! (Shore cap.) - that London markets are a bit like roulette !.....honesty and integrity of dirs. ...often is lacking. |
Posted at 23/1/2014 18:08 by smithie6 Here are contact details for the London administrator.Is anyone willing to pick up the phone and make a call ? (they have not replied to an e-mail enquiry asking for some basic info) Imo shareholders have a basic right to be given occasional basic summary information about what is happening to the company while in administration either via an RNS (which never happens, I assume since no longer paying to AIM market) or from the administrator (I understand there are 2, the other one being in Bulgaria noting they are acting under orders from the High Court in Cayman Islands... which uses laws based on UK law...and the UK Company Act ) Michael Norejko Zolfo Cooper | 10 Fleet Place, London EC4M 7RB t: +44 (0)20 7332 5128 | f: +44(0)20 7332 5001 www.zolfocooper.com mnorejko@zolfocooper ------ I note that an administrator will try to save the on-going business if he can...and the jobs involved in it....or a reduced part of it. I think there is an administration stage...before a liquidation stage might happen. In administration stage, I think the company is protected from creditors while the administrator tries to save any saveable parts of the business. In some cases a company can come back to normal operation from administration....ho so, whatever happens will I assume depend on whether those banks want all their money back now, if loan conditions have been broken, or can delay... and whether anything can be sold...to provide cash to the bank...and whether any such sales can be at higher amount than the corresponding loans. According to the accounts, some parts of the co. have no loans on them....and are assets for the shareholders.... however, if so, the dirs. debt would have to be paid from that first.... before shareholders I understand they were claiming around 3.6ME...and now about .6ME higher if still employed. 4.2ME |
Posted at 11/12/2013 21:23 by neilyb675 ????OCH action group came to nothing ?? |
Posted at 15/12/2012 19:47 by markt Accountsimo it is quite straightforward (great crystal ball I have here !)....although my opinion could of course be wrong OK, here goes the dirs wanted to raise the money to benefit themselves ....but also to try to put the money into the accounts and then declare that the co. was a going concern I understand that if a company is not a going concern...then I guess it must talk to its creditors if it has any...and the creditors decide what happens next.... so, since OCH is now in winding up mode ..of some sort....imo I would assume that the accounts can now be issued...but will state - that the co. is not a going concern...and has debts...and has to call in an administrator and seek agreements with creditors etc etc - that a request for X euros has been received from the dirs. (imo this could be for 1.5M-2.5ME, depending on whether it asks for the money from the capitalisation shares awarded in Feb) - that including that debt that the overall debt at OCH Plc level is Z and that a list of creditors will be given, including workers salaries, AIM, auditor,.....and the administrator ! etc ---- and that soon a name will be published for who the administrator will be ..then I would guess that we have to wait X weeks for the administrator to look at the papers and talk to creditors ...and make a few calls to see if anyone wants to buy any OCH assets....and talk to IIs and that based on that info/status that the administrator will decide his plan... --- If the PIs achieve to form a solid group, with a resolution/charter that each person commits their shares to support, then I think that we can communicate to/from the administrator.....as can the IIs. And in any communication with the A. we can try to influence his decision(s) by making specific points or suggestions. Whereas the administ. would probably refuse to talk to one small PI. --- If a group of all PIs or just a few PIs wanted to make cash offers for any OCH assets, to the A. then I think they could. But unlikely to happen in my opinion since would involve legal papers...and travelling out to Varna, and most people would not be willing to devote that much time or new cash. But who knows, there may be 1 or 2 big fish in the PIs with spare cash. --- If anyone wants an apartment in Varna hills, Sofia Hills or Orchid Gdns.... I would assume that the administrator may well accept low price offers at present if there is quick 100% hard cash to back it up. --- Note, imo the ring fenced divisions are ring fenced with respect to each other...and if they went bust then they can not make OCH go bust... BUT a creditor at OCH level can access any assets in a ring fenced division company, since OCH owns them, in that direction there is no fence ! ..so the dirs. have a call on the hotel value etc if there is no cash in OCH plc to pay them. |
Posted at 13/12/2012 13:38 by markt TimtimFrom the FT past. I AM SURE WE WILL FIND A WAY!!! GUY WORDS not mine. "We're one of the only international developers that are still active in the country," ---- imho... sadly these words mean nothing....from the view of a SHAREHOLDER at the end of the day....it is the numbers that matter... if a company can not keep any creditors happy then the creditors may/will take the assets of the company....leaving nothing for shareholders OCH can not pay its directors (mega salaries, bleeding OCH dry) not workers nor contractors. (ref. offer document) You can choose to believe words given to the press, or the words given in the offer document. (and the offer doc. is a load of rubbish anyway, misrepresentation of the truth imo) ---- Note, dirs. can buy the company for peanuts or for their salaries.....and maybe they can get some money back from OCH....and maybe they can continue to operate the K company that provides the cafes in the GM and perhaps manage the GM and manage Orchid Gdns and the hotel (because the bankers will still need someone to act as managers if they take over any assets).... doesnt mean that you as an OCH shareholder would get any piece of the pie ! if offer process goes ahead....then most assets will be in hands of the 2 dirs...not yours ---- The dirs. recently lent money to OCH ....and secured the loan by a first mortgage on OCH land. in case no one understands.....that means that that land is no longer owned by you the shareholder...but... that land may 'continue'...as dirs. said to the Times...but you as a shareholder would have no part of it Sadly it seems that few, or none (except me and 1 or 2 others) appear able to understand the offer document and other news text. (if you complain 6 or 12 months later, be too late) ---- SFI Group was a lovely company....great record of profit growth.....rampant share price.... in the end the creditors took the company and shareholders got zero. Many similar cases. Lesson ? Take care with words. Believe real cash sent back to you or "real" profits (NOT OCH dcf calculations !) or real cash supporting a share price ! |
Posted at 05/12/2012 15:02 by markt R & TAs far as I can see 1) the dirs. propose to tranfer OCH assets from shareholders to themselves in return for their exorbitant salaries these assets include assets in 100% owned subsidiaries with NO DEBTS *1 What arguments can you put forward to say that that is a good thing for shareholders to vote for ? I have given my arguments and reasons. ---- I note that in FEb. you said that people should vote YES to approve the bonus scheme and capitalisation rules. (5.5M shares. if OCH sold for 2p/share then those shares are paid at 20p- 2p. (20p will be changed if more shares issued) There are many many new capitalisation shares to be issued if people vote yes. imo NO SHAREHOLDER, NONE, except me and perhaps 1 or 2 IIs, is aware that the new capitalisation shares (and those to be issued in future) will also be subject to the Feb. rule ref. 20p-2p approx. 30M shares for 2012 salary approx. 30M shares for remaining part of 2009 bonus of 0.6M approx. 30M shares for 2013 salary imho it is a trick and dirs. can perhaps buy the remaining part of OCH and via the 20p-2p rule ...it may be that it costs them nothing. The benefits schemes are all so complicated.....it looks like a pre-planned scam imo. but if shareholders vote yes for it, then it will be very very difficult to take legal action later on. ---- R & T imho you should either - wake up and see the reality ! or admit - you are part of the circle of directors friends and that you know you are not telling the truth....because you will benefit if the decision goes a certain way ---- imho R & T you are arguing that shareholders should take a particular action because you are an insider....and that you may personally benefit from PIs taking that action, which imho is breaking the law. ---- *1 In the past I have said many times that there are no debts for some of the subsidiaries. This is not fully correct in some circumstances. The subsidiaries are assets owned by OCH PLC. Hence if OCH PLC (not its subsidiaries) has any debts or expected debts (such as salaries of workers, office rent, dirs. salarie) then OCH PLC would probably refuse to demerge these assets until after their own wages etc were paid. --- If OCH is bust because it has mega debts and can not pay suppliers (ref. offer doc.) ...and court orders are seizing apartments (ref. offer doc.) to pay 1 constructor who was not paid... and the dirs. "state" that the "assumptions" for OCH to continue as a going concern "even" if the share offer happens !!!! "include" that - OCH will NOT pay its suppliers/contractor - OCH will NOT pay cash to its dirs - OCH will NOT pay its loan installments for the GM - OCH will NOT pay its loan installments for Orchid Gdns - the share offer will transfer control of the co. to the 2 dirs. - the share offer will transfer assets from shareholders to the 2 dirs. - the share offer doc. is factually FALSE imo. (eg. 64% should be 73%) - resolutions are blackmail/extorsion - the record of the dirs. at OCH has been a disaster - the claimed profit of 30M in 2009 did not imo ever happen - the claimed NAV numbers are NOT true imo. especially for the GM (stating a NAV of 137ME is imo illegal, misrepresentation of the truth) then there is no way that I want to put in more cash. It appears that if any one of the assumptions in the offer doc., and given above, is not met "at any time " then it appears that OCH goes into administration. Or even that AIM may not allow OCH to be re-admitted due to major doubt about its financial position, eg. offer doc. that OCH can not and will not pay suppliers/contractor But each person has to investigate and decide for themselves. Some people who paid 100p/share or 40p may want to average down. Who knows. (my apologies to everyone for my posts often being so long !.....I cant help it !) |
Posted at 03/12/2012 12:40 by markt markt 30 Nov'12 - 19:33 - 8887 of 8907"I think the share price has been walked down with bad news to benefit them." Ah ha, some opinions that agree with my general arguments. (if the dirs. took their salaries as shares at 4.5p instead of at 2.25p then they would get 1/2 the number of shares......1/2 the amount of the assets in the hotel and in the land (with no debt) trying to convert their salaries to shares close to the lowest share price that OCH has ever been at.....imho a fraud/dodgy deal (UK Company Act 2006, requires dirs. to operate any co. for the general benefit of the sharesholders....not for the benefit of themselves ! but OCH is a Cayman Is. co.....imo it is not required to comply with the UK Company Act 2006 but I would have expected the Cayman law to say something similar or Cayman Is. law says 'Cayman Island dirs. can shaft their shareholders whenever they want and in any country of the world !) |
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