Oak Holdings Share Discussion Threads

[pifedayo] 28/9/2011 10:59

Back down again and still no trades.

[pifedayo] 28/9/2011 09:59

25% up on PLUS but no trades showing - something is afoot?

[the_beagle] 28/9/2011 08:38

14% mark up at the opening. Maybe one MM has over-slept!

[the_beagle] 23/9/2011 09:04

gbb....They have a restoration contract at £100k for a customer's car. They haven't bought it, but they have 4 Type T49 models under reconstruction and parts for many more. Google Hispano Suiza T49 for mind blowing pictures. Visit on line the Ringwood Town and Country Experience and view their other vintage assets. Imo there is massive value there and we are after all capitalised at just half a million. I just wish I had ready cash to buy more at this price.

[gbb483] 23/9/2011 08:52

It shows how low the company have fallen - the purchase of a car warrants an RNS.

[the_beagle] 23/9/2011 08:01

I think that following the write-downs earlier this year the company is in fairly good health. OK there are still debts, but there are some great assets as well. We shall see.

[timely4] 23/9/2011 07:18

Yes, encouraging. It will take a long while, but I still hold out some optimism that they can return to financial good health (just my opinion).

[the_beagle] 23/9/2011 07:08

RNS...Signs of life. I don't know which models they are talking about but if we own 4 and they are worth spending £100k each on restoration, then they must be worth a few hundred thousand to Oak. Look at the Ringwood web site. They have a load of really good assets including cars, a train and a vintage carousel, and that alone must be worth fortunes. Up and running it seems.

[grahamcm] 23/9/2011 06:38

I did previously google the address given on the paperwork and that tallied okay. But googling the telephone number for that address gives a location several miles away. So that would be why they want it dealt with via email and telephone and without paperwork! Looks like your right...it looks like a scam. Oh well, time to forget about them for another few years then.

[the_beagle] 22/9/2011 16:06

If I get a call I will be suing TDW pronto!

[timely4] 22/9/2011 12:08

It will be interesting to see if I get a call as mine are held in a crest account.

[the_beagle] 22/9/2011 10:13

pife...I guess the next thing is he will be asked for his bank details so they can pay him out etc. Looks dodgy to me, but who knows.

[pifedayo] 22/9/2011 10:03

Graham,

I repeat my earlier warning; what you have described about the phone call followed by email simply stinks of some sort of scam.
The website, as it is, does not say much nor does it reveal much either.

I hold in a broker's nominee account, but even holding in a crest account is not an absolute guarantee of anonymity.

[the_beagle] 22/9/2011 06:54

Hi Graham. As a matter of interest what does the C M stand for?

[grahamcm] 22/9/2011 05:41

"The company registrar and/or the stock exchange should hold a publicly accessible register of shareholders. However the names of shareholders who hold their shares in a broker/registrar nominee account will not be available as they are held sort of at arm's length."

This chap after the shares is certainly keen. First there was a phone call and the promise of an email. The next day the email arrived and later on the same day another phone call to follow up. I also think my friend is tempted to sell, so we may find out if its a scam...or not!

Have to say the form is an acceptance of the terms to handover the shares within the next 6 months, the share certificate itself is not being asked for (just the details of quantity of shares held) and no money has been finalised. Maybe the price range suggested was to allow for possible price movement if the deal is not immediate? Maybe they wait till all deals are finalised (presume they contact all people who hold their own certificates) then make all the transactions at the same time, whence also the six month time scale?

I remember a few years back when I was active in sharedealing (these are my only share holding now - only because Ive given up on them, I prefer spreadbetting as you dont have to wait for an upturn in the market. Very useful in these uncertain times!). Anyway, I stumbled upon a company whos name escapes me, but it reminded me of Anglo welsh. The share price had dropped to a penny, and some of the discussion board members had been sitting on these shares for upto several years. This is absolutley no kidding, but I found this company, chatted to a few people and few days later (if even that) I returned to it and I could not beleive my eyes. The price was up at 80p after hitting £1. It had virtually overnight been the subject of a takeover since my first visit days previous - no warning signs, no build up, just bang - were off.

[timely4] 21/9/2011 21:10

Well there is a company by that name, or at least they have a website. The person who made the approach to your friend may just be using their name as a front. That does seem a crazy bid price, but the shares are tightly held. My shares are in Crest so they wouldn't have my contact details I guess. Intriguing.

[grahamcm] 21/9/2011 20:31

Initial contact was by phone, so first question is how did they get the number? They knew all the details about the holding, including the exact number of shares held. They do seem reluctant to put anything in writing (saying that it would take too long and they want to move fast), and so have forwarded an email, which contains an 'application' form with a confidentiality agreement (whoops..). The only reason I could think (if they are genuine) is that approaching people who hold the certificates privately allows them to buy up shares without bringing any attention to it. Just wonder if enough people fill that criteria to make it worth doing though? I was going to say that personally I wouldnt do it, but then again as they are pretty worthless at the moment then why not...but then again if I think they are worthless then why does somebody else want them?

[pifedayo] 21/9/2011 09:28

Seems like a scam to me. Does your acquaintance have a written offer or was it made by phone?

For safety a check with FSA is a good idea.

[grahamcm] 20/9/2011 21:28

Well here is a new thought for you - dont think anybody has mentioned it yet. Somebody I know holds a number of Oak shares themselves (they have the share certificate and its not held via a broker) and have been contacted by an American company called Westbrook Acquisition Authority who are offering between $5 - $15 for the shares (presume thats each!!). They also mentioned they wish to obtain a 51% holding. Looking at the web site they specialise in making acquisitions for customers, and as far as I can tell, are at the moment, looking for a shell for an insurance company. Has anybody else heard of anything like this, or of this company?

[timely4] 01/9/2011 18:28

I agree but may be wishful thinking as I have no facts to base this opinion.

[the_beagle] 31/8/2011 08:11

Good to see a buyer today. I bought some more yesterday on the basis it will either come good or I'll lose 0.9p! The upside certainly looks better odds to me.

[the_beagle] 26/8/2011 12:27

Absolutely timely. The first half was not far off break even before extraordinaries, and the second half is the time they make their money. They seem very slow to move eg utilising the excess displays from the New Forest to Rotherham, a big waste of assets imo.

The new appointment looked a good move and the report talked of a chain of leisure interests to come. If more people are holidaying in the UK it must be good news, but in fact they seem to have plenty of customers through the gates.

They just need to find a way of parting them from their money!

[timely4] 25/8/2011 19:45

Hi beagle - I have always suspected these small trades as being MMs testing the market, but I am probably talking nonsense!Either way they are absurd quantities to sell. I am hoping there will be a trading update soon. I don't know why but I am still optimistic about Oak as the Chairman knows his way round bringing companies out of trouble. Anyway they are so low now it is not worth me selling them.

[the_beagle] 25/8/2011 16:43

Oh no! The whole world is selling. 400 and 1000 shares! Surely the brokers fees would be more than the proceeds. Only explanation is establishing tax losses, or deceased estates closing down.