||COM SHS EUR0.001
||EPS - Basic
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Real-Time news about Langbar Int (London Stock Exchange): 0 recent articles
|tarvold: If the number of shares remaining is now 11,313 that means that 4,663 have been purchase back under the £200 share offer costing £932,600.
That means the Net Assets reduce from £6,472,282 to £5,539,682 but increases the NAV per share of the remainder by nearly 21%.
With the remaining 1.32m EUR to come in and applying the same 50% discount DB used to get the £200 offer that increases the theoretical share price to £292.70.
Not a bad increase from the pathetic £200 offer.|
|cmillar: That will be the first question I'd like asked at the AGM - why has the £250 LGB share now been valued at £200?|
|superslob: Firstly, sorry to hear you guys may have been shafted yet again!
I'm not a holder so I may be making a suggestion that's been made and dismissed b4, so pls forgive if that's the case.
Assuming the rate of payout to the RA is a fact (not mere BB rumour) I'd contact one of the journos who 1st covered this fraud as there must still be a 'human interest' story for them here, particularly re fairness aspect.
I'd mention the RA payout, the dwindling value attributed to each LGB share even though recoveries are on-going, the foreign chq fiasco etc.
|tarvold: Langbar boss pleads not guilty to giving market misleading information
18:37, Wednesday 14 April 2010
The former chief executive of Langbar International has pleaded not guilty to giving the market misleading information ahead the Aim-listed Bermudan cash shell's collapse in 2005.
Geoffrey Pearson, 62, Langbar's former chief executive, pleaded not guilty at City of London Magistrates Court on Wednesday, after he was accused by the Serious Fraud Office of making market announcements that he knew to be "misleading, false or deceptive" ahead of the company's failure.
Langbar collapsed in late 2005 after an investigation found that its main assets of £365m in cash deposits with Banco de Brasil and ABN Amro (Amsterdam: AABA.AS - news) had gone missing.
Mr Pearson, a former Baker Tilly corporate financier, had previously told investors that Langbar held cash deposits with the banks worth several hundreds of millions of dollars that would be used to invest in Spanish and Portuguese property developments.
This prompted a surge in the Langbar's share price, before the stock was suspended in October 2005 after an investigation to verify the deposits by Kroll Associates reported that "it appears likely the company has been subject to a serious fraud".
Mr Pearson was bailed to reappear before the court on June 9.|
|jesuslovesyoumychild: Can anyone actually get hold of this Mahesh Desai? I have tried several times and just been fobbed off by the secretary (who sounds like pure filth by the way.)
There cant be many LGB share holders and there cant be that much work for them to do neither. All i want to do is check they have my updated address details.moan.|
Langbar Int share price data is direct from the London Stock Exchange