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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Merchant Hse | LSE:MHG | London | Ordinary Share | GB0000577386 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0425 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.0425 | GBX |
Merchant House (MHG) Share Charts1 Year Merchant House Chart |
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1 Month Merchant House Chart |
Intraday Merchant House Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/2/2015 | 19:26 | ---MERCHANT HOUSE TURNAROUND 2012---- | 3,088 |
| 24/1/2013 | 22:10 | Merchant House Group | 8 |
| 22/10/2012 | 20:14 | Merchant House - Do you believe a word from that lot? | 161 |
| 17/4/2012 | 15:32 | Merchant House with Charts & News | 2 |
| 08/3/2012 | 11:55 | View only - Abususe not accepted. | 17,256 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 19/4/2013 10:59 by the ross So with this gone am left with pretty much small holdings and am calling it a day. George, Mo, Z & Lov, GP and everyone else it's been sadly a very long 4 years. After contacting the company over the years and speaking to people at different levels. Sadly never JH but a number of others we're now left with Admin. Mike thanks for the nod for investment on this one back in the day and when that swift U turn of yours came I should have thought better of it and decided to walk away with my shirt. These are the decisions we live to regret but that's life. The updates following from MHG and all involved only lended themselves to the friends exiting at levels so they could get out as we know now. CW .. there's another story entirely. Even many of my IFA mates thought they'd recover when they bought Clarkson hill and then when BEIA came in.. but all in all a step too far. I only hope everyone whose involved in companies such as Worthington Group and others run by Holmes look out for the next company to arrive. We're not the only ones who've lost on this one.. sadly, all the product holders and BEIA did try and have lost money on this. I know this because I spoke to them. All the best with your investments in the future, for me a loss too far and a valuable lesson learned in AIM. even if it took 4 years and averaging out ok and then trying to salvage. It's to the HRMC pages now and section on registering loss. Genuinely all the best to everyone who gave balanced view, sorry for your losses here also. Mr R signing off for good. |
Posted at 16/4/2013 08:09 by the ross Yep on both counts.. but there's been plenty of people caught up in this. BEIA weren't part of MHG. They came in to assist with a bailout and provide funding. So have also been effected.Z, as for your question... would have only made a difference after creditors had been dealt with. As you say, the likelihood is there's nothing anyway. |
Posted at 16/4/2013 07:59 by officerdigby Weren't Beia a front in all this. People connected to MHG management I doubt whether the money was ever there. |
Posted at 15/4/2013 13:31 by zitec Yep, if its liquidated shareholders will be last on the list and likely to get nothing. All depends what they are holding on the books and what if anything was pushed into MC and MHFS before their liquidation(eg. Reyker debt)In theory the £2m that Beia put in should be their somewhere as assets, this is the only chance that shareholders stand to get anything back is if MHG remains intact and relaunches as perhaps a cash shell on GXG or AIM maybe. There should be a publication of the verdict tomorrow maybe on London Gazette, or perhaps Cameron McKenna may say if the above ref is quoted today. |
Posted at 24/3/2013 12:32 by zitec No other way I'm aware of. MHG could pay Reyker what they owe which would stop the winding up order or the courts may deem that the Reyker debt is owed by MC and not MHG. The only beneficiary from a winding up order would be Whyte who would get first dibs on anything from his secured loans over the years. Shareholders are last on the list after everything else, pay a £1 and have a look at the MC liquidator report on Companies House/Webcheck and you can see where shareholders end up on the payment list.They still own 30%+ of Merchant Corporate Recovery, Merchant Strategic Renewal and Merchant Turnaround although they will be worthless really as those poor bondholders will end up with a pence in the pound long term. There was word in the last month of MHG setting up a new structured products business in partnership with a London asset management company so there is still stuff going on. Don't wish to give out any false hope, I also think this is all finished but there is still that glimmer of hope and vested interest with Whyte and the other directors. |
Posted at 24/3/2013 12:06 by george57 I am so sorry that decent people like Ross, Sirraman, Monkey puzzle, Daicaprice, moormoney and countless others seem to have lost their money here.I did a few quid (which i can live with) when i got out of here a while ago when it just didn't look "right". The Directors of MHG should hang their heads in shame the way they have treated PIs. Imo they purposely ramped the shareprice at times (remember the proposed dividend?) to allow others to depart at high prices. Every director of MHG should be charged imo, and it is clear that the FSA are a toothless organisation who basically dont give a toss about the likes of us. Can anyone seriously believe any RNS that gets released from companies these days? Companies on AIM seem to go bust on a daily basis, and half the time there is never a warning, and Directors just seem to go on their merry way with a nice few quid.. A shameful episode. |
Posted at 15/3/2013 16:04 by zitec Makes you wonder how many billions shares would be in issue if MHG was still listed.Check out MTV, just hit 10bn shares. Shocking whats gone on there in the last week. Just look at that chart and RNS timeline. Like a clone of MHG. Two examples showing the damaging effect on share price of compounded dilution mixed with shareholder dismay. |
Posted at 04/10/2012 22:12 by zitec MP,They are the Clarkson Hill(pre-MHFS) boys making the £580k+ legal claim. They are the ones who didn't get their shares due to the mistake that caused the first suspension. I suspect they are making the claim that had they didn't have the shares available to sell at double the current share price now following the MHG mistake. I don't think they will be long term holders.... Also the £500k write off of the Tixway Convertible Loan(Craig Whyte)looks well dodgy. Not sure whether he ever got hold of the shares regarding this or had them renegogiated as the convertible loan share situation is so confusing regarding what has/hasn't been allocated. Seems very fishy to me though, no mention of Tixway in the MHG accounts but it can be found in the new Merchant Capital accounts. Just shows how flawed company law is, the Tixway investment is : An investment of £500,000 comprising preference shares in an unrelated unlisted business has been impaired. The investee company is in liquidation and the directors, having made enquiries, have concluded there is no reasonable likelihood of any recovery. Accordingly this has resulted in an impairment charge of £500,000. Even though the guy who owns the company in liquidation has 15%+ of MHG shares with millions of shares still to cash in! |
Posted at 26/6/2012 23:58 by pwhite73 Monkey Puzzle 26 Jun'12 - 13:08 - 2169 of 2183"And yes it looks like further dilution but at the end of the day these new players are not getting any discount from where the share price was before suspension. They stand to lose just as much as any of us in % terms and a hell of alot more in real £££ if the share price slides again." What utter rubbish is that. These people are reimbursed their investment monies through wages and bonuses paid out of the company's revenues. Do you think they give a toss about the share price. They'll sell their shares into the market even at a loss when they're good and ready. |
Posted at 19/6/2012 13:54 by zitec If indeed his holdings are tied with Mazars/Pritchards it is unlikely they will be released before the deadline of the Nomad expires. So make your own mind on that.I suspect that they had a nice RNS/ramping exercise planned for the results, then the Pritchards debacle happened. This led to Whyte's MHG assets/holdings at Pritchards being locked/frozen meaning he couldn't sell into this, the continued Pritchard news meant the MHG share price dropped and dropped meaning Whytes (20%+ holdings when you add up the holding companies) was dropping in value big time, add to that the Euro crisis and they wanted to halt the damage, hence the 2nd suspension. I could be totally wrong, but I refuse to believe they have funding issues after the amount they have raised in the past year and the recruitment that has gone on at Merchant Capital. There is more to it I'm sure, there always is with this lot. |
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