We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oak Hldgs | LSE:OAH | London | Ordinary Share | GB00B1XLNB88 | 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% | 0.20 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/10/2011 17:29 | Good find beagle. Funnily enough I was out for a walk this afternoon and I wondered whether this move by the council was in some way linked to the wider development of the whole site. Coincidence or what? | timely4 | |
22/10/2011 16:36 | I've just done a bit of internet digging and found on 8/8/11 China Vision Ltd and M C D Developments had proposed a major China themed development on the old Yes site, and on 12/9/11 the council stated that outline planning permission was in place and only detailed consent need be applied for. Likely build completion time was given as possibly 18 months, so if it happens, it will happen soon. The people behind this scheme have money and reputations. The CEO is Peter Moore who regenerated Alton Towers as MD and also has been CEO of Centre Parcs. M C D recently completed the redevelopment of Edgbaston Cricket ground. Just a hunch but maybe Rotherham want vacant posession of the adjoining Leisure Park as part of the deal and wanted OAK out asap. There has to be a chance that M C D want our acreage and are prepared to pay for it. If it was important to us to have that land as access, then it must be important to M C D, I would have thought. I'll keep digging. | the_beagle | |
22/10/2011 15:46 | ghbg...If Rotherham was barely profit making perhaps we are wellrid of it. If we own the 27 acres which cost £1 million, and have assets on site, then we can salvage something from that mess. Ringwood a d Heritage are not affected. Why should the company go into administration? | the_beagle | |
22/10/2011 12:28 | The stock exchange announcement says "pending clarification of the financial position" clearly this is the end. No turnover then no cash to pay the interest on the loan on the land or the creditors. No doubt the company should take legal action against RMBC, they appear to have been shafted, whether they will is another matter as council can hold up legal matters for years. IMO The two existing businesses will probably be bought out of subsequent administration by management. | ghbg | |
21/10/2011 19:48 | Thanks. I will return the compliment. | timely4 | |
21/10/2011 19:05 | FWIW I saw fit to filter timely awhile ago. I can't remember why, and I haven't had need to unfilter them. | gbb483 | |
21/10/2011 18:32 | Yes, my contact is reliable. As ghbg says phone the company also. | timely4 | |
21/10/2011 17:01 | Beagle surely if you own 700,000 shares that is over 1% of the equity. You are quite entitled to telephone them and ask what is going on. Let us know next week. | ghbg | |
21/10/2011 16:17 | Cheers timely, I hope the contact is being straight with you. Please keep us informed. | the_beagle | |
21/10/2011 16:05 | Having spoken with someone connected with the business following the suspension, I was suitably re-assured about the situation, in so far as it definitely ISN'T the usual scenario applying to the 'pending clarification of the financial position' i.e we're bust! So I will remain optimistic until proven otherwise. | timely4 | |
21/10/2011 15:47 | Rotherham was the biggest provider of turnover so they had to suspend imo. | the_beagle | |
21/10/2011 15:44 | If they've suspended trading on the shares there's obviously some impact - there's no smoke without fire. Mind you, at 6 trades a fortnight it's not exactly going to have much of an impact. | gbb483 | |
21/10/2011 15:21 | I have to admit that calling the RVCP lease short term when in fact it was a 7 year aggreement signed 7/5/09 is a bit "flippant". It's hard to see if OAK ever made anything out of it as there has never been much transparency over the deal. I further admit that it is a bit worrying that it could be pulled just like that. The 27 acre freehold land was on the books at cost of £1 million and said to be important as access to the main site, but again I can't actually see any second payment, which was due in May 2008, having been made. The BOD always refer to it as an asset however. As regards Ringwood it was never stated that it was freehold, but the company does own the displays etc, which cost us £700,000. Unless we get carved up I can assure you that the exhibits and the Hispano Suisas held by Oak Heritage are worth plenty. The BOD have always talked of debtors but whether we owe money on the 27 acres is not clear. Hopefully it's clear of debt but I'm not holding my breath. Interestingly the company was already talking about a financial reorganisation and possible diversification so this might just get things rolling. All I know is that I have £12k tied up in 700,000 shares and I can only blame myself. I would expect the Rotherham media to report this over the next day or to so there might be more news shortly. | the_beagle | |
21/10/2011 14:52 | It's good to see your optimism but I can't really share that optimism. The RVCP lease was due to expire in 2016. There is no evidence that the company owns the freehold of the Ringwood site. I suppose the moral of the tale is as a business don't get involved with public bodies. The public body has nothing to lose because it is not their money and the business has everything to lose. | ghbg | |
21/10/2011 14:22 | I am of the same opinion beagle, this is potentially very good news as we could get a decent settlement and finally be rid of the rotherham lot. | timely4 | |
21/10/2011 14:19 | The good thing is that the suspension is planned to be temporary. Rotherham was not making any profit for Oak and if we can divest with a payment from either the council or a new tennant for the fixtures etc and possibly the freehold land we own there, then it could be beneficial. As I've said before the Ringwood business, which we own freehold I think, has some great assets in the exhibits including numerous vintage cars and a fairground carousel, and the Heritage business has great possibilities with building and restoring Hispano Suisa cars, which can be worth hundreds of thousands each. The Rotherham loss is said to be out of the blue. What grounds the council have for termination, I don't know, but there has to be a reason. The good news is that the directors have got quite a large shareholding which they affectively acquired at 5p per share following the purchase of Ringwood. I will look back in depth and see what I can find re the Rotherham lease. | the_beagle | |
21/10/2011 14:09 | The RVCP management contract has been terminated by RMBC it is fairly obvious what this means | ghbg | |
21/10/2011 13:09 | Hi Beagle - What do you make of the suspension of the shares? | timely4 | |
17/10/2011 16:14 | I might be mad but I've gone for another 100k. share price up 25% on a £1200 buy! | the_beagle | |
14/10/2011 15:56 | There have been twice as many shares sold as bought this month, yet the buy price has clocked up a notch! | gbb483 | |
14/10/2011 07:08 | timely...I bought some more. The company might still have some debt but it also has some great assets ie Ringwood and it's Hispano Suizas, vintage carousel, dambuster bomb etc. It all adds up. One day it will come good. | the_beagle | |
13/10/2011 19:24 | someone actually bought some and caused the price to rise a little bit - mind you the buy was followed by a sell. Anyway nice to see a little bit of trading. | timely4 | |
29/9/2011 21:52 | ... a stockbroker who committed suicide ? | gbb483 | |
29/9/2011 06:58 | Yesterday one of the MMs didn't sign on until mid morning, The one normally on the offer! As for the tiny sell I think that was probably a solicitor cleaning up a deceased estate. | the_beagle | |
28/9/2011 11:31 | I also see there was one of those bizarre trades yesterday of £6. I wonder what is going on - if anything? | timely4 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions