Amd Commo Exagr Discussion Threads

[loverat] 21/10/2010 20:59

How amazing is that!

[loverat] 10/10/2010 14:30

Blimey - just looked at the other thread. 1300 posts - mainly made by me!

Carry on at this rate someone might accuse me of being a corporate cruscader. Well, I guess in a way, I am.

Are ADVFN going to set up some threads/conference calls for me to air my views? I might even go on 'Working Lunch' if it is still around.

[loverat] 10/10/2010 14:08

And the accounts show a claim for 'unfair dismissal' for 9K. I would imagine that is nothing to do with Anita Wild, the previous owner who carried on in her duties for a while but was replaced by Allnutt in 2005.

I wonder if she is a reader here.

[loverat] 09/10/2010 08:46

Yes, Mr Allnutt - a great deal indeed. Particularly if what Anomalous says about the extra cash is correct. Shame, though you and the other management could not translate your not inconsiderable experience into a super efficent
school.


My Way - 30 Jul'04 - 10:08 - 22 of 329

what a great deal.


Anomalous - 2 Aug'04 - 18:41 - 252 of 294


>User75160
I don't know if you managed to get some EPE today, but they rose a healthy 6%.
Not only that, but I heard something very interesting. They found that the school they purchased had £200k more in their bank account than they had originally listed in the accounts.

Talk about a good deal....£200,000 for nothing!



mr.oz - 25 Sep'04 - 11:03 - 45 of 329

Anomalous - anything to share with people who are not as close as you are to the news?



Anomalous - 29 Sep'04 - 15:09 - 48 of 329

I consider this great news on the interims alone we can see that EPE are showing strong growth.

Their total turnover was greater over 6 months than in the entire previous year. Loss per share after 6 months is less than a third that of the full year losses for the previous year. After 12 months trading, they are likely to be in post tax profit.

Net current assets up £364,727 is up 70.7% on the previous year end figures. This is partially down to the great deal that they did with the Bournemouth School. Finding so much extra cash in the accounts after the sale was a bonus and has boosted the cash in bank.

In my view, EPE is now in a position to purchase more schools, both in the UK and in China. It'll result in a much faster expansion, so they can take advantage of the requirements for Chinese nurses throughout the UK. Should help the NHS to meet their recruitment figures too.

As they are now generating revenue, this shows that the full year end figures will put the company comfortably in profit and growing.

Excellent news.


Anomalous - 30 Jan'05 - 20:20 - 185 of 243

Somebody is using their not-inconsiderable experience to turn an efficient school into a super-efficient school

[loverat] 09/10/2010 08:22

And then in 2007 we have the business, sold off for 70K. Profit for 2006 looks at just 24K so correct that the sale price three times profit.

However, it does seem incredible that a formally profitable business can end up being flogged off in this way.......

2007

In order to finance the new strategy we intend to dispose of the existing
education portfolio. The E2000 management team, along with myself and fellow
EPE director George Allnutt, has made an offer of #70,000 to acquire the entire
UK business consisting of E2000 and Management International ("MI"). Payment
will be made via the cancellation of EPE's 10% Convertible Loan Notes. The
acquisition price represents approximately three times the combined E2000 and MI
profits for 2006. Additional consideration may become payable based on any
increase in profit in 2007 over 2006. The independent directors, Simon
Littlewood and Victor Ng, have determined that the sales price and acquisition
terms are reasonable. In view of the interests of George Allnutt and myself, the
proposed disposal constitutes a substantial property transaction under section
320 of the Companies Act 1985, and, accordingly, is conditional on the approval
of shareholders at the AGM.

[loverat] 09/10/2010 07:59

From the YE 12/05 RESULTS

Review of investments

Bournemouth Educational Centre

The year proved to be as challenging as anticipated at the Bournemouth
Educational Centre which operates English 2000, our language and vocational
training investment based in Bournemouth, UK. There were a significant number
of changes in staffing as we altered the course mix to higher margin courses,
resulting in a number of one off payments. There was also a significant
investment in marketing both of the existing and new courses. These measures
affected the profit levels, but figures so far this year show an improvement on
last year.



The turnover for the school had actually fallen by over 40% from the YE 31/3/04
figure and profit turned into a loss. Costs were certainly up in 2005 but not much mention of the decline in turnover.

As for 2006 - turnover fell further, although costs were reduced, mainly it seems because of a significant reduction in teaching staff.

[loverat] 09/10/2010 07:21

Been taking a look at some accounts for BEC before and after it was taken over in July 2004. Interesting that for the full year before the acquisition it had turnover of £786,000 and was profit making. Also had a healthly bank balance. Quite shortly afterwards though turnover started to decline and the profit fell significantly. Also appears large amounts of money were transferred out of the school in order to fund other ventures.

It should have been apparent when making the purchase that the business was starting to decline for whatever reason. I also wonder what the rationale was for transferring money for other ventures. I question what the rationale of buying the business was in the first place - if they were not intending to make a proper go of it as seems the case.

[loverat] 08/10/2010 19:29

Or perhaps we should make this a 50 bagger - just to make sure.

[loverat] 08/10/2010 19:24

And I will be claiming for hurt and embarrasment against my good name. My good name was trashed on here 6 months back and on the Formula One thread.

Together with distress and inconvenience and a punitive award, I was thinking that a sum in the region of £150,000,000 might be appropriate.

[loverat] 08/10/2010 18:46

If you truly want to change your world, my friends,
you must change your thinking.

Reason is your greatest tool

[loverat] 08/10/2010 18:34

You know what I think. The potential of being sued by 'AIM directors' on here was never an issue. Those directors clearly wish to avoid any action which is understandable given their track records.

So, it seems these 'AIM directors' have distanced themselves from any threats. Looking at HAWK also it does seem one or two people must be feeling rather isolated and lonely this weekend.

[loverat] 07/10/2010 21:41

Yes, that's right - first class idiots.

[loverat] 07/10/2010 19:52

Well, have to say - agree with the general sentiments expressed by Anomolous in the post below - albeit he was criticising a competitor of COMG. Perhaps he will come on here and give us his analysis of the performance of his associates....

First class businessmen?

First class idiots more like.


Anomalous - 24 Jul'04 - 01:39 - 244 of 294

It amazes me, the directors of this company are so incompetent, that they pick one loser after another. They think a move from Hi-Tech to Education will save them. Then they invest in a school on which they can not agree terms and take on more directors (at greater cost) just to give themselves the expertise.

In my opinion, they are using this company as a gravy train, lining their pockets and funding their expenses at the shareholders' expense. The only expertise these directors have is of being losers. It's time for new management.

[loverat] 07/10/2010 19:45

Another one for the bin........


Business Name: CHINA EDUCATION GROUP LIMITED

Registered Business Office: Ordnance House, 31 Pier Road, St Helier, JE4 8PW.

Business Code: RCD Registration Number: 91190

Dissolved Date: 01 Oct 2010

[loverat] 07/10/2010 19:39

What a laugh.

Had a discussion tonight with someone about this outfit. He says those running the show were a bunch of clueless idiots. I would not be so scathing in my analysis but what he said seemed to ring true.

[loverat] 05/10/2010 20:51

Oh dear..

Give us a kiss, Anomalous. (I'll try not to puke)

[loverat] 05/10/2010 19:17

Well, been a couple of busy months.

Now, was it on the COMG 2009 thread that someone mentioned that he and 'AIM directors' wished to sue me? Well, I am still waiting for the claims to materialise. Anyway - I guess like many other claims made they will be made on the day before the limitation period expires.

Now, take the situation at HAWK,NTOG,EME who announced in August that they are taking action against posters there. Quite a difficult situation. Anyway, I spoke to one of the companies involved to advise them that any High Court action would be misguided. I understand others did also.

It seems from what I have heard since that the HC route is no longer being considered as a credible option. As I said from the start, it is a matter for the FSA/police depending on what has occurred and in my view the companies should have taken this course only from the very start.

Therefore I believe those who have contacted the companies and encouraged them to sue posters will be seriously disappointed.

By the way, I note none of the directors of this company have updated this thread.

[loverat] 02/10/2010 22:06

And whatever became of John Cooper?

Interestingly, I believe there is a John Cooper who is a shareholder of COMG. Was he genuine or did someone take his name off the shareholders register and send me a fake e-mail purporting to be him? Strange that he should think I might be a COMG director - particularly after I had already by then made 800 posts about their history, track record and posting history here. Little odd to think that someone would think a COMG director would come on here and slag himself off!

Seemed rather inquisitive about who I was too. Perhaps I should contact him and see whether he is the same person who e-mailed me.


Hi Loverat



I've heard that you are after information about COMG and their directors. I've also been researching them and found some interesting stuff. I do know that there's been some underhand dealings at London Asia. But I'm reluctant to share more unless I know who I am dealing with. Like you, I believe that the directors of COMG have been posting on the ADVFN BBs. So I'm very wary of sharing the information unless I am certain of who I'm talking to. I need to confirm your name, home and work address and your telephone numbers. I can then check these with directory enquiries to make sure they are correct and that you are not one of the directors of COMG. If I am satisfied that you are not connected with COMG, then I will share what I know with you.



Regards



Deep Throat