|Gowin New EN.
||ORD 1P (DI)
||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Real-Time news about Gowin New EN. (London Stock Exchange): 0 recent articles
|loverat: Jaknife - just a flavour of the findings into the conduct of the CEO of London Asia (LDC/LAC) As I say this was written by Keith Negal who took over the company to trace the money in 2009. DB now the director and things are going at a snell's pace. I'll try and find the link when I have time.
6.3 Loan of $5 Million Written Off
Our investigations have uncovered that on 7th September 2005, LAC plc sent $5 million to Nourican Adriatic d.o.o., in Zagreb, Croatia. The transfer document was signed by Mr Simon Littlewood. A signed contract confirms that the loan was to have been secured by a pledge over 25,000 shares in Industrogradnja d.d., but no signed guarantee or pledge has been traced.
The purpose of the loan was to help Nourican Adriatic d.o.o. provide evidence to the Croatian Stock Exchange (Zagrebaka Burza) that cash needed for a bid to be made by two Croatian companies for Industrogradnja was available. LAC was to receive a fee of US$ 1 million for this loan.
The bid for Industrogradnja was launched on 11th November 2005 at a share price of 650 Kuna at a discount to its market price of 810 Kuna. As a result, only 2,640 shares were tendered for at a total cost of $273,244. It appears that the $5 million loan provided by LAC was not used for the bid and should have been returned to LAC in January 2006, together with the $1 million fee.
We can find no evidence that this sum reached LAC, nor is there documentary evidence to show that steps were taken through the courts in any country to recover this money.
The transaction was managed by Mr Simon Littlewood, who has since commented that the “Croatian Mafia” has the outstanding $6 million belonging to LAC shareholders|
|knigel: Results out - quick scan and they appear "ok" but a few cautious comments included by the BoD. Hopefully the share price might edge back above 2p today gl|
|jungmana: I took some of this last week and today. This company is doing very well and share price is at an all time low. Will be rude not to buy some. Gla|
|knigel: The market decides the share price - not Top Info or you or any body else! You spend so much time trashing AIM shares and individuals - you probably miss out on buying opportunities. BTW I was first invested here before any pump from him. I repeat I make my own choices - I only read the CR thread as a heads up for shares on the move because I trade shares. THIS IS WHY WE ARE ALL SUPPOSE TO BE HERE FOR!|
|knigel: Well done. Hopefully the share price will tick up later|
|knigel: Thanks for the holdings information. Spock88 - good timing in my opinion as I doubt the share price will go much lower GLA|
|knigel: This isn't the first day there has been this trading pattern (sudden buying then sells later in the day pushing the share price back down)...
Well to make REAL money here, you have to stay in.... 1/2 decent contracts and the share price will REALLY move (imo)|
|knigel: Agree - look how far the share price has fallen here!|
Gowin New EN. share price data is direct from the London Stock Exchange