Cattles Share Discussion Threads

[propane] 16/10/2009 17:06

sheridan, dont do it!.....you'd lose your 3.5p!!.

[sheridan3647] 16/10/2009 17:01

give you 3.5p for the lot!!!

[curare] 16/10/2009 16:16

anyone want to buy 400,000 Cattles plc at 3.5p. let me know!

[cpl593h] 16/10/2009 11:18

Yeah, Bubba got some moves he's just dying to share...........

[squire007] 15/10/2009 23:46

they might learn something in nick !!!!

[rfinance] 13/10/2009 21:21

"....in a move that could see some of its former directors facing jail for up to seven years".

Seems a world of difference between Bernie Madoff (150 years sentence) and the Cattles crew (7 years - probably with parole as well). Let's face it, the intent was not that dissimilar.

[richardbroughton] 09/10/2009 16:37

Probably not the one who got out with a sack of loot before the spaghetti hit the fan!

[cpl593h] 09/10/2009 15:55

Patience, they will be.

[richardbroughton] 09/10/2009 08:33

Ron, if they had made money we wouldn't be in the mess we are in now, they lost shed loads of the stuff and it hid from auditors, shareholders, banks etc. They even bragged about their impairment, credit checking and control systems. The Directors responsible should be prosecuted for fraud! IMO regards Richard

[subh4n] 08/10/2009 10:34

yah but still is not any thing what it show us sherholder ctt it ill be bak on treding i thing they ill take the compny on addminition.

[r0n] 08/10/2009 09:14

Managment took their eye off the ball in the past ,money was easy to make and get during the sub-prime fiasco,they got used to the easy life , now they have to make up for it and fight for survival . Hopefully financiers will see some intrinisic value and sort out this standstill agreement for the benefit of us shareholders .imo

[quepassa] 07/10/2009 14:29

Thank you for your comments, Richard. - Appreciated.

Yes, I think you are indeed right that it is nearer 99.99% certain rather than my 97% that shareholders will unfortunately lose everything.

It is of course, by way of peer-group comparison, absolutely galling for Cattles' shareholders to see how ProviFin and S&U have both thrived in the same sector, even through the downturn.

What absolutely rotten and disgraceful management of Cattles in recent years.

All IMO. DYOR.

QP

[richardbroughton] 07/10/2009 10:00

QP, your posts over the last couple of yrs re CTT have been excellent and accurate, wish I had paid a bit more heed to them, would have saved me a few grand! However, I disagree with your latest, the figure is 99.99%, not 97%. Having attended the AGM I can tell you that it is simply a matter of mopping up as much cash as possible for the creditor banks. IMHO the 'restructuring plans' are simply there to cover the Directors because, as I understand it, the alternative is to admit that the business is no longer 'a going concern' which IMO is the actual case and would lead to an immediate cessation of trading and make it much more difficult to hoover up cash for the banks. The CEO stated at the AGM that they were collecting £60M per month (less ex's of course). Once the cash collection has run it's course, as far as Shareholders are concerned, the company will go, absolutely no doubt. They have lost the thick end of £1BN!

[quepassa] 06/10/2009 17:05

The performing - or for that matter even the delinquent - loans can be sold off.

Such sales of partial or entire loan portfolios are relatively common.

It has little impact on the borrower. One minute he has to repay Cattles. The next minute he has to repay the same loan on the same terms to XYZ Co. PLC. - There is no question of him having to repay early (if he is current on the loan).

It would surprise me greatly, if portfolio sales of loans did not form part of the ultimate restructuring/dissolution of Cattles.

In my view, the longer the negotiations with advisors and banks take, the bleaker the outlook for shareholders.

In my view only, existing shareholders need to brace themselves for a potential total wipe-out. But I sincerely hope for all concerned that that does not happen although I would nonetheless ascribe a 97% chance of it occurring.

All IMO. DYOR.

QP

[early retirement] 06/10/2009 16:49

Badhshah - 22 Sep'09 - 12:55 - 3944 of 3956


It could relist at any time from now till by the end of October 2034

[r0n] 29/9/2009 09:34

I got 2k in at 7p !!! small i guess compared to some - good luck all.

[varga] 28/9/2009 15:10

Kep it upu yu gys ths is bst laf I had sin i put £10k inata ave 50p sp

[badhshah] 28/9/2009 02:06

it wl b by the nd of yr bcaz by thn it shld get stndstil deal don. What a simple english, great stuff.