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FDC Financial Dev

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Financial Dev LSE:FDC London Ordinary Share GB00B020KB82 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Financial Dev Share Discussion Threads

Showing 276 to 298 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/2/2005
00:06
...some very good posts guys...keep it up...been thinking about investing in the company FirstAfrica Oils myself...might wait a while now. Noticed Morgan Stanley have relinquished their holding...anyone read anything into that?...cheers
0rient
08/2/2005
14:10
New epic is FAO
supergran
05/2/2005
17:00
Very interesting Simon and thanks for sharing your thoughts.
You obviously seem to place great faith in the opinions of your 'friend' and make a reasoned case why you/he feel a short position makes sense.
But what does he know that the fund managers of Morgan Stanley Securities, Cantor Fitzgerald, Man Financial, Gartmore etc. don't?
And what relevance does Terry Ramsden have to FDC/Firstafrica (all one word!) Oil?
Wasn't he shown the door last October? Why implicitly slander the current board by writing as though it's still Ramsden's baby?
And what on earth prompted you to buy 500,000 shares in a stock you thought was Ramsdens and then write the following??

"Simon Cawkwell, who adds: WELL, THERE YOU HAVE IT. I also add that I am a huge fan of anybody (in this case T.Ramsden) who has put £1m on a bet on a racehorse. But I don't have to buy his stock."

Curiouser and curiouser.........

golferscoop2
04/2/2005
12:19
Gentlemen,

I have just had a chat with my friend. FDC can go up next week. So there is a real problem on timing the short sale. But, long term, this is a collapso in the making.

Simon Cawkwell

simon cawkwell
04/2/2005
10:52
Simon Cawkwell - interesting - thanks! EVO are certainly the leaders in the 2.30 "pump & dump" steeplechase at Chester Park - should be interesting to view the race! Least it seems a few of us caught some pennies on the climb!!
dr knowledge
04/2/2005
09:28
Gentlemen,

I pass on the following opinion given to me. I sold 500,000 at 12.25p on 3rd February:

"I draw your attention to FDC (Financial Development Corporation) formerly known as Hansard and about to be known as First Africa Oil as of 8th February.

Hansard was one of the T Ramsden summer ramps 30p to 140p and back in a month(look at the chart). It had a 1 for 10 reverse consolidation. So at 13p is now back to near all time highs.

On Tuesday, 8th February, Energem (Toronto symbol ENM mcap £117mn) is reversing some of its African exploration assets into FDC for 51% of the enlarged company in new shares. The deal was done at a nominal 3.5p.

There will be 1.48bn shares in issue valuing FDC at a staggering £192m. This means that Energem's stake in FDC will be worth 83% of its own current market capitalisation. Energem has sales of US$ 150 mn and the idea that its African exploration assets account for 83% of its worth is manifestly absurd. FDC or First Africa Oil as it will be known has no sales and cash of £5mn. It is, in my view, a stonewall short. The lock up arrangements on the new shares are so vague as to be worthless."

Simon Cawkwell, who adds: WELL, THERE YOU HAVE IT. I also add that I am a huge fan of anybody (in this case T.Ramsden) who has put £1m on a bet on a racehorse. But I don't have to buy his stock.

simon cawkwell
03/2/2005
23:15
Appreciate your comments Doc.
I've been in and out of this since the autumn and have enjoyed the ride but can't help thinking that the best is yet to come.
Remember where this thread started and all the baggage associated with the previous management.
The rennaisance has been spectacular - to such an extent that Chairman Gordon Hall has been featured in The Times and Daily Mail for example. He's now seen as 'Mr. Fixit' and I doubt that the Institutional backing would have been so forthcoming without his involvement.
And I'm not as gloomy as you about Evo. Griffiths is a shrewd cookie!
So, what do they know that we don't?
There's oil, there's got to be and I'm bullish about the mid to long term. What I can't get my head around is what the short term's likely to hold. What price next Tuesday's FT??
Good luck

golferscoop2
03/2/2005
22:37
golferscoop2 - I can only offer comment on shares I know something about! I don't even own any FDC currently (bought & sold some on the rise thus far). The only reason why I am here is that from a "nothing" stock for me at least, it is now definitely on my monitor and I an seriously considering buying A LOT!! Tell you why......................

.......apart from the above (which is quite a lot!!!) - when the new company emerges there are going to be a lot more shares in circulation, now it sounds naive - but why have so many institutions been so eager to buy in now at current share price levels???? If they had of taken a chance and waited - with the low volume of PI investment - chances are the share price could have dived. Alternatively, a lot of companies rise on such occasions only to drop back following admission - now to me that begs the question as to what made the institutions agree to a lock-in period (usually 12 months). The company has even told us that the see no reason to raise additional funds following admission (and for 12 months)- we normally hear precisely the opposite and AFTER admission to boot!!!!

On that basis I can only conclude that they see a proposition that they like (a lot!)and maybe just maybe they know a lot more than we do of the prospects in Gabon! Im not saying the share price will rocket - but it is one definitely worth watching as it is rare to get in at the very start (or near as hell to it!!!).

Good luck whatever happens!

dr knowledge
01/2/2005
18:59
Yes got me ???????????????
terry91
01/2/2005
18:38
Can anyone make head nor tale of latest news... regarding AIM Announcement.... Any light on news will be appreciated....
rkr
01/2/2005
14:29
01 February 2005 - Financial Development Corporation Plc

(the 'Company')

Holdings in Company

Financial Development Corporation Plc has today received notification of the
following interest in its ordinary share capital:

Man Financial Limited now holds 22,950,000 ordinary shares in the Company
representing approximately 6.35% of the issued share capital.

Getting a little boring now!

dr knowledge
31/1/2005
19:37
Terry91 - I wish!!! But I think you need this link!.......................



simply register - then you will get all RNS's same time as the rest of the world!!!!!!

dr knowledge
31/1/2005
18:56
Dr K


RNS not on ADVFN again I smell insider knowledge!

terry91
31/1/2005
16:35
Financial Development Corporation Plc
(the 'Company')
Holdings in Company

Financial Development Corporation Plc has today received notification of the
following interests in its ordinary share capital:

Cantor Fitzgerald Europe now holds 21,850,000 ordinary shares in the Company
representing approximately 6.05% of the issued share capital.

Man Financial Limited now holds 21,610,000 ordinary shares in the Company
representing approximately 5.98% of the issued share capital.


Who next??? The mind boggles! Just wonder what they know that obviously we dont!

dr knowledge
28/1/2005
19:10
Evening insiderboy...everything down a bit today, hopefully looking for a recovery by Monday. All stocks down, tax bills to pay, bad news etc....
gismo
28/1/2005
16:31
emmmmmmmmmmm

very quiet here today considering the action taking place??

insiderboy
26/1/2005
22:39
Not wrong look at todays trades
terry91
26/1/2005
12:35
Interesting thing is - if you look at the spread (quite high!), majority of share price movement is being restricted to the offer - the bid has been more or less static. Promising! Ps - I dont think the buying has finished.
dr knowledge
26/1/2005
12:20
Dr K


Thanks for that it never showed on ADVFN price up and down like a u know what.

terry91
26/1/2005
12:11
What's happening is quite simply that within 10 days - Cantor Fitz (X2), Morgan Stanley & MAN have acquired sizeable chunks of the company - all since they conditionally agreed to acquire the entire issued share capital of and all of the Inter-Group Loans of GGPC (due to be ratified in Feb). In effect - a new company.
dr knowledge
26/1/2005
11:10
Whats happening ??
barryinvest
25/1/2005
22:39
terry91 - today!
dr knowledge
25/1/2005
19:52
what date was that rns please
terry91
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