Challenger Energy Share Discussion Threads

[nigelsom] 01/5/2008 20:16

Yes, and Richard Corsie too, today. That's the chairman, the incoming chairman and the CEO. Looks pretty grim from where I sit. Only recently they got a placing away and signed up banking facilities. Where has all the money gone: has CEG been at the Melton Mowbrays?

The thing I really hate is that if it turns out that we have not been told the truth nobody will face the music except the shareholders. If any level of market regulation is to be worth the paper it is written on then those responsible should be had up. I'm not saying that anyone in CEG has done anything wrong - we'll have to wait and see what develops. But this would not be the first time that I feel like I've been had if things go the way I suspect.

Last time it was SUB, and I haven't seen anyone bunged in the slammer over that one as yet.

I can cope if the proverbial hits the fan for a company: sometimes things just go wrong for a variety of reasons (usually incompetent management). But it is simply unacceptable to have the shareholders not told of what is going on. A sudden suspension pending clarification of financial position and the batch of resignations suggests there is a big problem which should have been uncovered/admitted some time ago.

Grrrrrrrrr!

Nigel

[bantam175] 01/5/2008 19:39

we doomed then?

[currypasty] 29/4/2008 16:40

cor, there falling like flies


RNS Number:3736T
Corsie Group plc
29 April 2008


Corsie Group plc

('Corsie' or 'the Company')

Board Resignation


The Company has today been informed of the resignation of David Mathewson,
Non-Executive Chairman, with immediate effect.

[currypasty] 28/4/2008 16:43

LONDON (Thomson Financial) - Corsie Group plc., which requested suspension
of trading in its shares on April 25 pending clarification of its financial
position, said it will not be in a position to announce its Preliminary Results
for the year ended Dec. 31, 2007 on Tuesday April 29.
The company, which specialises in the assembly and sale of products and
services to the leisure market, said the audit is in the process of being
finalised and the board will update the market as soon as practicable.
The site visit and presentation to the financial and trade media expected to
take place on Tuesday April 29 will also be postponed until the results have
been published.

[25october1969] 27/4/2008 22:59

results postponed

no position

[dvsfm] 25/4/2008 18:44

currypasty, thats what I think the situation is, this market has not been kind to small caps, I'm sure that if there were more regular updates the shares wouldn't be the price they are now.

[corrientes] 25/4/2008 18:03

That sort of descent would make anyone panic, but if he wants shot of the shares, and the company isn't shot to pieces, it's a relatively modest amount to sell without it becoming an overhang.

If you are right Currypasty, then Mr Cornie may have hidden depths.

[currypasty] 25/4/2008 17:22

I wonder if mr Jim Aitken is a little miffed at recently coughing up £450k in the last placing, at 30p, now 14p bid... £250k is alot to lose in such a short space of time.

[dvsfm] 25/4/2008 14:44

I did speak to the broker, although couldnt say much I get the impression that trading is fine, just seems to be a personnel issue, maybe these directors want some money back?. The have a debt facility of 2mill+ I hope its just a hiccup this suspension, bacuase I spoke to Mr corsie a few months ago and everything was going well

[corrientes] 25/4/2008 13:53

I agree but the announcements are still a bit positive, though I understand the resumption of trading is standard phraseology. I wonder if the figures have been massaged for a long time, because there have been no profit warnings.

[currypasty] 25/4/2008 13:24

boardroom bust up... are they leaving before the sh@t hits the fan... what has corsie been up to...
Ive still got £10k in here, looks like it will be a tax loss!

[corrientes] 25/4/2008 13:17

Vikram Lall has resigned ? Anyone got a clue as to what's happened here, though I expect the worst.

[corrientes] 25/4/2008 09:29

Death knell then. Stupid dictator, Corsie.

[currypasty] 25/4/2008 07:52

that doesnt look good, results and presentation was suposed to be next tuesday

[pejaten] 25/4/2008 07:44

suspended pending clarification of financial position

[currypasty] 16/4/2008 14:06

RNS Number:4842S
Corsie Group plc
16 April 2008

Corsie Group plc
("Corsie" or "the Company")

Board Resignation


The Company has today been informed of the resignation of Mr James Aitken,
non-Executive Director, with immediate effect.

A further announcement will follow in due course regarding the appointment of a
replacement non-Executive Director.

[dvsfm] 04/4/2008 15:05

ITS ABOUT TIME THIS RECOVERED SOME LOST GROUND FOR NO REASON

[currypasty] 17/3/2008 07:54

RNS Number:1818Q
Corsie Group plc
17 March 2008







CORSIE GROUP PLC


NOTICE OF PRELIMINARY RESULTS


Corsie Group plc ("the Company"), the AIM listed specialist in the assembly and sale of products and services to the
leisure market, will be releasing its Preliminary Results for the year ended 31 December 2007 on Tuesday 29 April
2008.

The Company will be hosting a site visit and presentation to the financial and trade media on the day. Should you wish

to attend, please contact our PR agency Bishopsgate Communications Ltd on the below details.

[currypasty] 01/2/2008 07:51

RNS Number:0182N
Corsie Group plc
01 February 2008


Corsie Group plc

("Corsie" or "the Group")

Change of Adviser

The Board of Corsie, the AIM listed specialist in the assembly and sale of
products and services to the leisure market, is pleased to announce the
appointment of Daniel Stewart & Company plc as the Company's nominated adviser
and broker with immediate effect.


For further information:

Richard Corsie, MBE, Chief Executive
Corsie Group plc Tel: [phone]
www.corsiegroup.com

[corrientes] 20/12/2007 07:58

What odds a management buyout and the usual shafting of PI's ?

[currypasty] 20/12/2007 07:57

CORSIE GROUP PLC HOLDING(S) IN COMPANY The Board of Corsie Group plc (the "Company") was informed that, following the
placing by the Company announced on 13 December which took effect from 19
December, the following had notifiable holdings in the ordinary shares of the
Company:James Aitken, recently appointed as a director of the Company, has an interest
in 1,500,000 ordinary shares of the Company representing approximately 12.65
per cent. of the issued share capital.
Kevan McDonald has an interest in 500,000 ordinary shares of the Company
representing approximately 4.22 per cent. of the issued share capital.

[glencr] 13/12/2007 17:29

Notice the placing is at 30p. this just shows how much this company is currently undervalued. With a good set of results i think we will see this back near the consolidation start share price

[dvsfm] 13/12/2007 16:26

As a holder I hope this is the bottom, good to see management putting there money in, gives great confidence, I will add if the price does drift and can get my ave down to 30p

[glencr] 13/12/2007 14:09

dvsfm,

You have not really missed anything....the current levels represent very good value and if the shares dont get traded in the next couple of weeks you can probably pick them up at sub anouncement price

[dvsfm] 13/12/2007 13:01

typical, missed a great opp, still all good news today, this doesn't get a lot of attention because its so small which is a shame because it appears to be head and shoulders above a lot of aim stocks.