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Camkids Share Discussion Threads
Showing 1651 to 1675 of 1675 messages
|Got peanuts of Camkids in SIPP, now trying to move SIPP trustee, but new one won't accept CAMK (presumably due to suspension/delisting from CREST). Anyone encountered this problem, ie how the hell do I get rid of Camkids in order to be able to move SIPP trustee?
Neither side has much clue - Selftrade say "gift them to charity, but instruction has to come from trustee". Trustee says "Can't gift shares from SIPP". Trustee says "find a buyer for them", Selftrade say "Even if there was a buyer, how can you be sure the price isn't deemed either a withdrawal or a payment in".
If I had certificates I could at least burn them.|
|CTEK delisted today. "pursuant to AIM Rule 1."
Heads should roll.|
|Another one bites the dust. CHRRs nomad and non-exec resigned on 6th, prompting this hilarious response from the company today:
|Thanks again David. Very revealing...|
|Worth reading this analysis of China based UK listings....
|You have to laugh at this company. It's just unbelievable. Does anyone believe them!? Surprised they don't add a PS. Only joking...we've all had a great laugh at your expense!|
It is just standard operating procedure for these guys.|
|The report is extraordinary. In lieu of payment from 3 distributors, Camkids it taking back the unsold stock at around 20% discount and selling it to new distributors at half that cost. Considering that these 3 distributors have a sixth of the outlets and the value of the stock is a third of Camkids annual revenue, we can only assume that stock as been piling up in the distributors' warehouses for years. Camkids then proposes to pay compensation to these same distributors. Goods not fit for resale will be given away.
You couldn't make it up, or maybe somebody just did...|
|I amm gob smacked that peeps are surprised by any of this.|
|Have only just seen that CAMK have put out their results today !!! Committed to the AIM listing they say, and looking at options. Yeah, yeah, yeah|
|Unfortunately, never has there been a more inevitable and predictable suspension. We all said this would happen and it has.|
|Caradog 29 Sep'15 - 10:19 - 1513 of 1517 0 0
11%, the NOMAD has resigned and the company must be suspended from AIM until a replacement is found, which is extremely unlikely.
|Well no surprise really. Exactly the same net result as Naibu, but with a slightly different story. Disgraceful.|
|That was two years ago and as accurate an assessment as could be made based on the known facts and credibility of the NEDs....two years later it is easy to see things differently but the whole issue of Chinese listings on AIM should be investigated|
|Should anyone take your words to have any credibility though ?
CamKids Group PLC - Chinese clothes designer/manufacturer - CAMK
davidosh - 18 Feb 2014 - 14:20:28 - 432 of 1515
Just for the record....
All Chinese companies have the same year end. CAMK were also in a closed period. Their nomad did not object to or advise against coming to the event indeed they were there and monitored everything and helped provide research material including the excellent presentation packs.
The CAMK non execs said at the very start what they could and could NOT answer questions on. I meet hundreds of directors and I have to say these were two very impressive non execs...they answered everything in a very honest, diligent and straightforward manner. Just about every person who came as a total sceptic and has never invested in China based companies listed here certainly left with a good feeling that if there are genuine companies to be found then it is a very good chance CamKids is one of them !
They were impressive guys and I can tell you that they found the audience to be equally impressive with the depth and range of questions. The fund manager that attended yesterday, and we do have many who come along, was amazed at the dinner event and its popularity and high standard of questions from the floor.
There were 82 investors there last night and CAMK deserve much credit and will have gained many friends and potential new investors.
I bought for the second time this morning and I only bought my first stake yesterday when it dipped below 90p. I am very comfortable having met the non execs and it pays a good dividend so I will see how the final results look and adjust or add after that. The directors have assured me that they want to have good lines of communication with us all following this first event and I have no reason to think otherwise.
Naibu and Ctek could have done exactly the same and had the opportunity even until yesterday afternoon when I assured them that all the companies could read out the riot act about closed periods but it appears Daniel Stewart who are Nomads and brokers to the other two simply did not want them there ! and even DS refused to attend to explain themselves as well so bad form IMHO.|
|My rant for the day...http://boards.fool.co.uk/camkids-suspendedhead-of-aim-should-be-too--13272387.aspx|
|11%, the NOMAD has resigned and the company must be suspended from AIM until a replacement is found, which is extremely unlikely.|
|Does not say why it is suspended.|
|Stood up for shareholders ? J-F D has been a bloody wimp the whole way through. A toothless moron|
At least the non-exec stood up for shareholders and opposed giving cash to distributors.
The AIM Chinese cemetery gravedigger is working overtime.|
September 23, 2015 11:24 pm
Aim’s Chinese disasters offer cautionary tale for chancellor
If the UK Chancellor wants a cautionary tale for his initiative to link London and Chinese stock markets, he should look to the Alternative Investment Market.
This week two of the 45 China-based companies quoted on London’s junior market have either had their operations suspended or their shares. They are just the latest of a long string of Chinese disasters on Aim.
JQW, which provides business-to-business web services to Chinese companies — and claims to be second only to Alibaba — has been fined and barred by the Chinese authorities from doing business for a month. Language on a site that JQW managed for a client was considered by the regulator as a pitch for a pyramid scheme, says an adviser. The company’s shares are a tenth of what they were when they floated on Aim at the end of 2013.
Shares in Vmoto, the scooter company jointly listed in Australia, were suspended on Monday ahead of a profit warning on Wednesday. Its shares have fallen by a third in a year.
Confidence in Aim has been dented by persistent evidence of the gaps between Chinese and western understanding of ownership, shareholder rights and appropriate board governance. The slowdown of the Chinese economy has only added to investor qualms...(more)|
|Kate Burgess the business reporter at the FT writes about China listings on Aim