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Real-Time news about Aec Educ. (London Stock Exchange): 0 recent articles
|loverat: Well, I guess obtaining any coherant response to concerns about the past AIM companies you have been involved with will be as elusive as ever. Commodity Growth disappeared without a trace and then of course the dynamite revelations at London Asia Capital. These disastrous events must have been disappointing considering your previous involvement with various investor action groups?
Or was your involvement with RSV just an attempt to claim compensation to which you were not entitled to - after making a bad investment decision?
Perhaps you could comment on just one aspect of the findings into the goings on at LAC as these findings have always intrigued me. How could something of this signficance not be picked up until some years later? I guess what I am saying is how did you miss this when you were a director of AIM listed LAC in the years following this transaction?
By the way, where is the 6 million dollar man these days?
6.3 Loan of $5 Million Written Off
Our investigations have uncovered that on 7th September 2005, LAC plc sent $5 million to Nourican Adriatic d.o.o., in Zagreb, Croatia. The transfer document was signed by Mr Simon Littlewood. A signed contract confirms that the loan was to have been secured by a pledge over 25,000 shares in Industrogradnja d.d., but no signed guarantee or pledge has been traced.
The purpose of the loan was to help Nourican Adriatic d.o.o. provide evidence to the Croatian Stock Exchange (Zagrebaka Burza) that cash needed for a bid to be made by two Croatian companies for Industrogradnja was available. LAC was to receive a fee of US$ 1 million for this loan.
The bid for Industrogradnja was launched on 11th November 2005 at a share price of 650 Kuna at a discount to its market price of 810 Kuna. As a result, only 2,640 shares were tendered for at a total cost of $273,244. It appears that the $5 million loan provided by LAC was not used for the bid and should have been returned to LAC in January 2006, together with the $1 million fee.
We can find no evidence that this sum reached LAC, nor is there documentary evidence to show that steps were taken through the courts in any country to recover this money.
The transaction was managed by Mr Simon Littlewood, who has since commented that the “Croatian Mafia” has the outstanding $6 million belonging to LAC shareholders|
|knigel: BTW I accept your concerns about the current liabilities situation and agree just looking at the balance sheet total does not provide the whole picture. I still think there is time for the company to turn it around but if Singapore is a dead end it's an uphill struggle. I just not prepared to sell at 2.25p - at the moment - but would never tell any one else what to do - my share price predictions are my own opinion and at the moment I am not giving one!
One other thing - would you have posted here today if the Singapore licence had been granted and the share price had gone up 30%? (I doubt it)|
|knigel: BTW what do you mean "you are the most miserable xxxx I've come across"?
Talking about yourself? Because I thought I was always too bullish/positive.
Most of those comments you have pasted (wow far too much time on your hands) were after the 6p premium placing with the share price at 4.5p. So talk of getting to 6p was fair comment. Talk of a higher share price than 6p was fair comment IF THE LICENSE WAS RENEWED. Strange how you just ignore all the other bullish comments here and on PAA and just attack the same person - sorry it is just not on imo some would call it stalking. If it is not then go on the HHR thread now or the QPP/COMS thread - there you will see real ramping and don't forget the daily ramping on the CR thread. No you just attack me - a presume its a grudge from the HHR days...
However I ask that it stops now - the stalking across the threads|
|knigel: But it's fine to deramp to buy in lower? Strange how you never say "you are a disgraceful deramper" to anyone - is only ramping bad? Trolls only appear on bad new days - now that IS disgraceful (btw no one here expected this licence not to be renewed)
Here are the bull points - Singapore is 1/3 of revenue - company may reapply
New shareholder acquired shares at 6p
Expansion into India planned
Operations in various countries including Cyprus, Ireland and UK
Oh and as for going bust dream on! HHR and QPP doing great guns. TLY had an excellent day. COMS doing fine. No one has a perfect track record not even balance sheet obsessed you! What's laughable is that you actually believe anyone will buy because of my posts or sell because of yours - you obvious believe your own self importance!
The truth is the share price would have been 6p today if license had been renewed - the only "fault" I AND OTHERS here can be blamed for is that we didn't acknowledge the risk that it would not...|
|knowing: Disagree as they have to inform the market relating to any news which could have a significant impact to the share price. They are just adhering to the guidelines|
|knigel: Well the company has been around for a while and looking at the 5 year chart the share price hit 24p a few years ago. Even a year ago the share price was 10p. What I like is the new 29.9% shareholder who will assist AEC into breaking into new markets and was willing to pay a big premium for shares. The question is when/if the Singapore operations will be back up and running... However, I still feel this is great value up to 6p minimum gla|
|knigel: Just have to keep a look out for it (via Hargreaves Lansdown)
Looks like it wouldn't take too much buying volume to move the share price up 1-2p - which hopefully will happen once the Singapore update arrives. Just a shame about the spread but I'm looking for 6p min here now gla|
|knigel: Looking very good now with not much free float available - any good news (due this month) will push the share price up significantly imo gla|
|knigel: Ryan83, yes so have I. Have a feeling the share price will get back to the 6p level before the end of this month. Re posts above I tend to think positively "if a share is at a low will it stay this low? it doesn't have to go back up to previous levels for an investor to make a profit if you buy near or at the low point" gl|
|saucepan: OK, thanks, Effortless Cool. Good to get some further insight. What you say sounds fair. I held AEC briefly in the past. I know it tends to trade on a fairly low P/E. Provided a bottom is in on the chart, and I think it must be now judging by today's news, I plan to settle on tucking away for recovery. I don't see why the share price cannot climb back into the mid 20s, perhaps more, on a 9 to 18 month view.|
AEC Education share price data is direct from the London Stock Exchange