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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ensor Hldgs | ESR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 55.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 55.50 |
| Top Posts |
|---|
Posted at 29/11/2018 12:07 by simso Hi tiswas....seems funny seeing your name twice today, in otherwise empty chatrooms! Hope you are right about FCCN and "somebody knows something"...albeit the volumes driving the price rise are quite small.I had assumed we were complete on ESR...but hope you are right and another 2p or so is due. |
Posted at 19/4/2017 13:40 by shanklin Many thanks dangersimpson2It is quite difficult to believe such an unsuccessful process has gone right through to completion. Before the sales process started, operating as a mini-conglomerate, ESR was doing very nicely thank you. |
Posted at 18/4/2017 09:19 by cockerhoop Tiswas,Sorry to hear that. I'll try to keep you updated. I am now in the possession of further information regarding the balance sheet bridge from Sept 16 to March 17 and whilst I don't think I'm able to post it up on the bulletin board I can confirm as DangerSimpson suggested that the goodwill on Ellard and Woods balance sheet was written down, and along with fairly sizable disposal costs and significant ESR holding company bonuses the figures now do at least stack up. |
Posted at 13/4/2017 15:33 by dangersimpson2 I definitely think the directors have some big questions to answer on the difference between the published announcements and the Solvency Statement.30/9/16 Post BS - Ellard Post BS - Woods Post BS - Divi Total Solvency DiffNon-current assets Property, plant & equipment 386 386 623 Intangible assets 1,074 Deferred tax asset 489 489 621 _______ Total non-current assets 1,949 _______ Current assets Assets classified as held for sale 530 530 Assets of disposal group held for sale Cash and cash equivalents 10,370 6,200 400 -179 16,791 14,474 2,317Business Receivable 800 1,725 2,525 2,094 431Contingent Consideration 300 300 526 -226 Tangible Assets - NWC 10,756 Inventories 2,415 Trade and other receivables 4,775 Current income tax liabilities -94 Trade and other payables -2,955 Net Working Capital 4,141 -4,200 -460 -519 20,502 18,338 2,164 So assuming intangibles were written to zero then there is £2.2m that is unexplained. The only things I can think that could account for this are: 1. Directors awarded themselves a big bonus. 2. They bought assets which became worthless less than six months later. 3. The £1.725m payout for woods deducted from cash return is not included in the solvency statement. 4. A mistake was made in the statements they made on the value of net assets sold with Ellard and Woods. 5. The solvency statement is overly cautious or excludes the value of assets like contingent consideration. 6. The businesses made significant cash losses in the last 6 months that were not reflected in net assets. 7. Another reason? Something I've missed? I'm hoping that 3. or 5. are the explanation. 4. or 6. would be unfortunate - like others I wish I'd saved the pdf's from the website before it was taken down to confirm these figures. If it is 1. or 2. then we have some serious issues to address. If anyone can come up with any other reason no matter how implausible it would be good to hear them so we are prepared for all eventualities on Tuesday. |
Posted at 10/4/2017 11:35 by cockerhoop Annoyingly the ESR website being removed means I don't have a copy of the Woods/Ellard sales announcement. If anyone could post it up I'd be grateful. |
Posted at 30/3/2017 13:07 by eezymunny Told you so. Even my 65p target was over optimistic.uk.advfn.com/cmn/fbb If you want another try at a sum of the parts valuation try VLE, which looks to me to be as terribly undervalued as ESR was overvalued. Time will tell. |
Posted at 30/3/2017 12:13 by strathroyal Hi Tiswas,If you log in here that will take you to the Filing History for ESR and the fourth item down (Declaration of solvency) includes a balance sheet submitted by the liquidators. |
Posted at 13/2/2017 09:56 by cockerhoop Hi Tiswas,Just noticed your last post, I also had a holding with idealing (also Charles Stanley) but have not received anything (certificate or recent dividend). Will need to chase. |
Posted at 06/12/2016 09:37 by kev0856153 Thanks but James Brearley hold another stock of mine that has delisted. No problems there. But this company has remained a PLC whereas ESR is becoming private and I assume that is the reason they won't hold the stock not the delisting itself.It would be a good idea for shareholders to set up a simple web-site to keep an eye on things. Publish a list of the things the management have promised to do and name the directors. It's very easy for a company's directors to just ignore shareholders when the company delists. I think esr needs to remain visible and the directors accountable. It won't cost much. A couple of quid a year from a few shareholders will cover the hosting costs. |
Posted at 28/11/2016 19:20 by nocton Pavey Ark, you say: "I am working on the assumption that management can't/will not do anything illegal and provided that is the case then the assets available for distribution make this a reasonable bet." After ESR has left AIM the board and supporters will almost certainly control well over 50% of the shares. They will be able to do lots of legal things to the detriment of the minority holders. E.g. they could make an offer for the company at say 25p a share, which the minority would not be able to prevent. I've seen this sort of thing happen even on the main market. And the only way to sell the shares is into a market with no buyers except the board & supporters. So I am happy to have been able to get out with only a moderate loss, which I can set against gains to mitigate CGT. Other posters have said similar things and as you say: "it is up to the individual to make their own decisions.", but having been burnt once when Tolent went private years a go, I am not keen to repeat the experience of holding shares which I can't sell except for peanuts and for which I receive little information. I am prepared to take risks, but not this sort of risk over which I have no control. |
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