|Cfa Capital Grp
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Cfa Capital Grp Share Discussion Threads
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|Here's the link to the new thread:
CFA Capital Group PLC
26 May 2005
CFA CAPITAL GROUP PLC
FURTHER RE: CHANGE OF COMPANY NAME
With effect from tomorrow at 8am, CFA Capital Group will change its TIDM to "DGT
" from "CFP" to reflect its change of company name to Dowgate Capital plc.
This information is provided by RNS
The company news service from the London Stock Exchange
|How about a new thread then - with the new title/ticker
one for the money
|EPIC changes tomorrow from CFP to DGT.
Shelton (Martin) Group PLC
26 May 2005
26 May 2005
MARTIN SHELTON GROUP PLC (IN ADMINISTRATION)
Peter Holder and David Whitehouse, Partners at Kroll's Corporate Advisory
Restructuring Group, were appointed today as Joint Administrators of Martin
Shelton Group Plc.
The Leeds-based company has 65 employees and provides promotional business gifts
including diaries, calendars and small leathergoods. The company also operates a
betting slip printing business.
The last available figures for the business show a turnover of #6.16m and while
the business is set to make a profit by year end, the seasonal nature of the
work means the company has recently been making losses. However, there has
already been expressions of interest in buying the business as a whole.
Peter Holder, commenting on the appointment said:
"The Martin Shelton Group has been trading for over 20 years and has a strong
customer base. Although at an early stage, we are hopeful that we will be able
to find a buyer for the business.
"Whilst options for the business are being investigated, the business continues
to trade and no redundancies have been made at this stage."|
|on line has changed to,
buy 750k @ 0.41p
sell 500k @ 0.36p|
|Its good to see they are finding there feet again and I am holding all my shares still and will look to increase again soon as I trade out of other positions.
Addmissions this year are good despite the obvious prblems they had with SB leaving but good to see them driving the company forwards and upwards and the deals seem to be coming in.
|on line we have,
buy 750k @ 0.42p
sell 750k @ 0.36p|
|Thanks Dr J, sounds like TR is doing a great job. Interesting to hear that the interims are likely to be earlier this year. That's another good sign!|
|Thank you Dr J for a very good post and taking the trouble to write it.|
|Many thanks Dr J...
|Excellent post Dr. J, many thanks for for taking the time to jot down all your findings.
There's a lot of interesting info. in there which stockdog hadn't clocked and it all confirms what we thought about the "old guard" - all sounds very positive looking forward, particularly the interims in July bit !|
|Here is the feedback from my discussions at the a.g.m. Some of this info. will be known by some of you and some is stated already on the web site much more effectively. Some has also been posted earlier today. However, I'll report what was said to me but please remember these are my words and my understanding of what was said.
Concentrate on increasing amount of "retained" work as nomad, building up no. of fees paid per year to the point where they will cover normal ongoing costs such as salaries.
Decrease running costs. Helped significantly by departure of Barclay and Shaw.
Develop and grow broker side of business.
N.B. They do have a relationship with Seymour Pierce (SP) whereby share price might, for example, offer them the nomadship to a company whilst share price act as broker to that company. This is not a formal arrangement. I mention this because there has been some debate on here on whether or not there was a formal link up with SP
They gain clients through their developing reputation, through word of mouth, personal recommendation, etc. They believe they give a good service and provide good value. Web site much better on all of this.
They say they have been very busy
Came across as very competent, on the ball and sympathetic to shareholders. All that I spoke to were very friendly, good listeners, happy to answer questions and I'd say happy in their work. Can't be certain of the last of course. Several staff attended the a.g.m. which is a good sign imo.
This is now being kept up to date with regular input of business for investors and others to see. Previous Chairman Mr. Barclay had blocked this.
AIM is becoming widely recognised as a means for cos. to raise money. Millions of pounds is apparently waiting to be invested in VCT's, etc. The admission of a number of larger cos to AIM recently has helped build it's reputation. The helpful inheritance tax regs. on AIM encourage family run businesses to float on AIM.
CFA hope to take advantage of all these factors to grow their business.
Other Useful/Interesting Info.
The Griffin Situation...Shares were (probably) sold by Barclay to Griffin (Stephen Dean?) who were intending to acquire CFA. Griffen then sold the shares having changed their minds (don't know why). Many on here will remember they sold at a small loss soon after the purchase.
There is no present intention to issue shares for acquisition purposes. Consolidation was not mentioned. It was clearly stated by TR that they are trying to grow the business first before any acquisitions are considered..
For Ptholden...The fees for the two AIM floats in Dec. should be in last years accounts/figures. This was not formally confirmed by TR or his staff but was thought to be the case by a non exec director. This is normal apparently as fees paid at time of admission.
Tony Rawlinson (TR) does not read this thread.
The Interim Report will tell us a lot more. This will be available from July onwards but I believe it wasn't out last year until Sept. Correct me if I'm wrong. I suspect TR might be a lot more efficient than previous management. I was informed it would prob. be middle of July by one of the team. IMHO the shares are a buy because the company has made significant progress with acquiring new clients and the prospects appear to be very good. The shares currently look cheap to me but please note I am not suggesting anyone follows my advice. Please dyor.
I hope this has been of some help particularly for those long suffering investors who have been posting and reading this thread for a long time.
|kanebill - here's what it says:
"Proposed change of name of CFA Capital Group Plc to Dowgate Capital Plc
Included in the resolutions for approval at this years AGM is a resolution proposing a change of name of CFA's holding company from CFA Captial Plc to Dowgate Capital Plc. No name change is proposed for City Financial Associates Limited ("CFA") the FSA Regulated operating subsidiary which now has an established name in its markets as a Nomad, financial adviser and broker.
The name change is really for 2 reasons:
* To mark a new beginning for the company in 2005 with Tony Rawlinson as the CEO; and
* To give the holding company a name which is independent of the operating subsidiary and with a view to growing the group in due course by acquiring other related financial services businesses. It would be our intention that these businesses would retain their own names and management and would continue to operate independently as well as adding to the range of services provided by the group. For the time being however we will concentrate on our core business.
The name "Dowgate" was chosen as CFA's office is located in Laurence Pountney Hill in the City of London and this address is in the City Ward of Dowgate. It therefore cements the City of London as the base of our operation.
The resolution to change the name requires approval of 75% of those voting. The board asks you to support the proposal for the reasons stated.
Share certificates in CFA Capital Group Plc will remain valid. New share certificates will be issued in the name of Dowgate Capital Plc assuming the resolution is approved.|
As stated previously I cannot read it no matter how I access it. Thanks anyway.|
|lets hope the EPIC is DOW|
|Kanebill, Go to http://www.cityfin.co.uk click on 'investors' and then ' Change of name update'.|
I cannot see that pdf - only grey - I can read every other pdf and I have acrobat 7.01. Cannot work out why.
|Kanebill......reason for name change....
|To distance itself from Barclay, fresh start|
|Did the meeting give a reason for the name change?|
|Interims are in September|
|I should think it would|