||EPS - Basic
||Market Cap (m)
|Aerospace & Defence
Aero Inventory Share Discussion Threads
Showing 2826 to 2848 of 2850 messages
|If any shareholders want to form a campaign group for compensation then ShareSoc can help www.sharesoc.org
Whilst it's great to read that some action has been taken it's scant consolation to shareholders who lost everything in what appeared a calculating fraud by the company with Deloitte 100% complicit.
Considering the scale of the fraud the penalties paid are insignificant.
Just my opinion of course.
|HAS ANYONE THOUGHT OF SUING DELOITTES? THE FRC 'JUDGEMENT' ON 10 NOVEMBER COULD NOT BE MORE CONDEMNATORY. IT MUST BE A SOUND BASIS FOR THE RECOVERY OF INVESTMENT LOSSES.|
|Deloitte now fined a few million pounds, but the lead audit manager has not been prevented from continuing in practice, according to the Daily Telegraph|
|I am not a shareholder but if anyone who is wants to report the facts to ShareSoc and create a Shareholder Action group then ShareSoc will back it and support. www.sharesoc.org|
|Indeed davidosh! The system is unfortunately too lenient on directors every time!
Articles from earlier this year also speculated that Deloitte were in line for punishment over the AI. affair but I've seen nothing since to say sanctions were taken against them or a staff member in any way.
All we can do is hope that karma will sort things out. Sometimes it plays a long game but I believe that in the end most get the just deserts.
|How come there has been no action taken against the directors under their PI insurance if such fines have been slapped on them....shareholders deserve something back ?|
|For anyone still trying to follow what happened to AI. I have just noted the following detailing the sale of the reconstructed company to DASI -
Incidentally, if anyone is waiting for AI. to appear on the HMRC list of previously quoted companies of negligible value - DON'T. The list only includes UK companies listed on a recognised exchange and that excludes PLUS (now ICAP/ISDX) and AIM quoted shares.
"There is no similar list published for either unquoted companies, companies formerly quoted upon the Alternative Investment Market and PLUS Market or any non-UK companies."|
|Good to hear, thanks sleveen.|
|No worries the Bean counters are very adept at brushing it all under the carpet.
They have been getting away with it for donkeys years.|
|If you haven't seen this already re auditors being investigated: http://www.accountancyage.com/aa/news/2030430/aero-inventory-auditors-investigated
might bring a wry smile to your faces :-)|
|Cheers for the response. I know they're valueless but they are still in my portfolio. I wouldn't mind them removed as to not be reminded.|
|They are valueless, so you might as well claim a capital gains loss for offsetting any gains you have.|
|These are still in my portfolio. Is this right or should I be asking my broker to remove them?|
|Thanks for the info, This_is_me & Investoree. I did see the 1.1p value, but was not sure if that was enough for "negligible value" especially as it is not in HMRC's list. I was going to call HMRC when I did my tax return, but this will save me doing that.
For davidosh, the Administrator's number (KPMG) is 020 7311 1000|
|If you want to know what to do about a CGT claim 'phone the tax helpline and go through their help procedure. Make sure that you keep records of dates, times and the person you spoke to every time you speak to someone.|
|I have had protracted correspondence with the tax office over many months regarding a number of companies that have gone bust including Aero Inventory. On 17th May 2010 I received a letter from PD1 tax office following submission to their Shares & Assets Valuation Department who informed them that "The expected return is 1.1p in the pound which is enough to justify any negligible value claim from early November 2009 when the company went into administration. In view of the amount this will be allowed on a without prejudice basis subject to the general advice given above." I therfore submitted a loss for Aero Inventory for CGT (loss) purposes for the last tax year which has been accepted. Hope this helps. IE|
|Who did you call ? What is the excuse for not replying to you ? They are probably charging £400 for attending to your calls and email !! Ask for the reasons ? Can you put the number here too.|
|Will the mismanagers here be held accountable.
Also the AUDITORS here should be brought to book.|
|Since the shares have no value I contacted the administrators to see when they will appear on HMRC's web site as of "negligible value", so that one can use the loss against CGT. In February I rang twice and each time was told that they would get back to me - they did not. I then wrote a letter over two weeks ago - same result. Perhaps now the administrators will have the courtesy to let the shareholders know what is going on.|
|Administrators to sell Aero Inventory
By Anousha Sakoui
Published: March 3 2011 23:15 | Last updated: March 3 2011 23:15
Aero Inventory is to be put up for sale by administrators more than a year after the aircraft parts wholesaler's collapsed.
Administrators at KPMG, who have been rebuilding the business over the past 14 months, plan to put it up for sale in the third quarter of this year, to coincide with an upturn in the aerospace sector.
The group owes senior lenders, including Lloyds Banking Group, some $500m (£307m), but they will not be repaid in full. The debt market's price indicates that lenders face recovering only 20 per cent of that. Unsecured creditors and shareholders' claims were wiped out.
|ShareSoc a new UK individual shareholders society is keen to hear from any shareholders in Aero Inventory and certainly to hear about the progress with any action group. It is free to join ShareSoc at www.sharesoc.org|