Plus Markets Group Share Discussion Threads

[harry f] 04/3/2014 09:56

What made me chuckle about "the find" was Ophir12's reaction over on III.

Seemed to umm and err for a bit and then decided upon reflection it was best to cut their losses.

They haven't posted since last March.

Not that I feel it makes any difference in the grand scheme of things.

[harry f] 04/3/2014 09:06

"Not bad harry, remember your find"

Of course. One of many. Only some of which are disclosed on here.

Great to hear your OK and still around, and great to see you back.

[pjw1956] 04/3/2014 08:52

Not bad harry, remember your find


ERNSHAW PARTNERSHIP LIMITED

Mr Nicholas Michael Norman Smith
Mr Anthony Joseph Gahan

7 CASTLE CLOSE
LONDON
UNITED KINGDOM
SW19 5NH



LONDON REAL ESTATE EXCHANGE LIMITED

Cyril Theret
Mr Anthony Gahan

7 CASTLE CLOSE
LONDON
UNITED KINGDOM
SW19 5NH

[harry f] 04/3/2014 08:40

Btw, being facetious with the last one, just for when squirrel turns up ;)

Could well be a red herring, dunno.

Hope your keeping well pjw.

[harry f] 04/3/2014 08:02

Perhaps they became friends during the FSP?

[pjw1956] 04/3/2014 05:59

I hope you are well harry, Old Thumper & squirrel. Can you believe this?

LONDON REAL ESTATE EXCHANGE LIMITED

Address

7 CASTLE CLOSE
LONDON
UNITED KINGDOM
SW19 5NH

Legal Information
Company Registration No.: 08846330
Incorporation Date: 15 Jan 2014
1 Month old
Financial Year End: 31 Jan
Capital: £200.00
on 15 Jan 2014

15 Jan 2014
New incorporation documents NEWINC


Directors and Secretaries
Anthony Gahan

15 Jan 2014 ⇒ Present (1 Month) Director
Anthony Gahan

15 Jan 2014 ⇒ Present (1 Month) Company Secretary
Cyril Theret

15 Jan 2014 ⇒ Present (1 Month) Director




From Spreadbet Magazine

Posted on DateMonday, October 8, 2012 at 10:04AM

Just when they thought it was all over... It looks like the new Non Exec's at Plus Markets are leaving no stone unturned in the search to get to the bottom of just what on earth the ubiquitous Mr Theret and his merry band of advisers, headed by Mr Anthony Gahan of Wyvern Partners were doing in the lead up to the sale of the RIE to ICAP. Below is from today's efinancialnews site -


"The new board of Plus Markets is investigating a series of what it calls 'significant' payments made to advisers, executives and employees relating to the sale of the group's stock exchange business to interdealer-broker Icap earlier this year.

The disposal was part of a wider plan to wind up the company's operations, given the codename 'Project Chardonnay'. In a regulatory filing lodged with the London Stock Exchange, the firm's new directors, Hamish Harris and Donald Strang, warned they would seek to claw back payments 'where possible'.

The directors said in the filing. 'It would appear that the previous management underestimated the costs of the formal sale process, which ended up being far greater than anticipated.'

The payments included settlement costs to the bourse's then-chief executive, Cyril Theret, and Nemone Wynn-Evans, its then-chief financial officer, of £481,500 - 40% of the group's available cash reserves at that time, the directors said. Other payments included more than £680,000 of legal fees, and £40,000 of public relations costs.

Theret, Wynn-Evans, and their previous spokesperson, did not respond to requests for comment. Icap declined to comment.

In February, the bourse, which had made sustained losses for the past five years, announced that it was putting itself up for sale. When a buyer for the whole group failed to emerge, the bourse announced in May that it would be forced to shut down operations and sell off its assets individually.

The announcement prompted an outbreak of fury from shareholders, who claimed they had not been informed that the company would be forced to shutter operations and liquidate its assets if the sale process was unsuccessful.

Icap initially offered to acquire the loss-making Plus-SX part of the business for the nominal sum of £1, and later upped its bid to £500,000, which was completed in June. No explanation for the disposal projects name is given in the filings.

'Project Chardonnay?' said one shareholder, 'What on earth were they drinking?'"

Here ate SBM, we wholeheartedly approve this investigation and look forward to reporting the results. It is heartening to see one company's set of shareholders standing upto the seeming "sewn up" cosy nature of the City. This one looks to run for a while yet.

Editor

-----------------------------------------------------------------------------------------------------

Twins?

CT MARKETS SOLUTIONS

Filed on: 28 Feb 2014
Form: AP01 - Appointment of director
DIRECTOR APPOINTED MR CYRIL PATRICK THERET



Filed on: 28 Feb 2014
Form: TM01 - Termination of appointment of director
APPOINTMENT TERMINATED, DIRECTOR CYRIL THERET

[old thumper] 12/8/2013 13:17

harry,

Bring it to the BoD's attention afterall Hamish and Donald had investigated the previous BoD moves. And if nothing else it will get to Spencers ear's et al.

[harry f] 26/7/2013 18:39

OT

They've been acting already, see below:



The implementation of the below may ultimately help too:



....like it says, currently in a consultation period and they would welcome comments. ;)

Enjoy the sun!

[old thumper] 26/7/2013 06:58

I wonder who?

[squirrel888] 18/6/2013 18:49

hxxp://scotslawthoughts.wordpress.com/2012/07/03/why-did-sevco-5088-ltd-pass-a-resolution-disapplying-pre-emption-rights/

Harry - interesting?

[squirrel888] 05/6/2013 08:36

Harry - no thanks. I'm about as enamoured with such sites and subscriptions as I am with the old BoD. Nothing to choose between them in all honesty. In fact I'd put them in the same cesspitt as the pay day loan outfits.

WHEN is the UK going to clean up these vampires and vagabonds. Swimming in total cr*p.

All the politicos have to do is pass legislation.

[old thumper] 05/6/2013 05:46

After a year his "Fame" won't die down and I'm sure the new BoD and the shareholders haven't forgot him either.

That reminds me, I must get some "Slug Killer Pellets" today :-)

[harry f] 04/6/2013 16:04

An opportunity to vote here for anyone interested.

http://www.shareprophets.com/analysis/554/vote-in-the-aim-cesspit-awards-2013

[old thumper] 03/6/2013 11:46

squirrel,

Who would had thought it, MP's / PM's do favours for money/mates.

On another subject and on the basis of only 4 hours trading I see Tullow are going well, so far so good.

[squirrel888] 03/6/2013 10:56

Bit of storm in tea cup brewing at no.10. Names ARE on the internet.

DYOR

Need to think who I'd really vote for next time - if at all actually. Corruption, sleeze, mmmm.

[squirrel888] 26/5/2013 12:46

O/t - well since it\'s obvious there is a concerted effort to destroy many smes then it would seem the goal is to make ISDX the only game in town. If of course this was promised by \"friends\" of Icap then time is running out.

Next election a different regime will be in office.

[old thumper] 26/5/2013 12:28

I would say, Yes, but I\'d say the smaller companies on AIM have no knowledge of the markets and just take advice from their \"Company advisers\" so it\'s down their commissions.

AIM is more of a badge than the best/cheapest place to be.

AIM should be more highly regulated but all Plus shareholders know what that\'s worth!

[squirrel888] 26/5/2013 11:53

On the subject of exchanges (RIE\'s) is it possible that all the companies listed with PLUS that have now been tranferred to ISDX will eventually decide to leave AIM and just settle for a cheaper listing on ISDX?

[squirrel888] 23/5/2013 10:29

No probs. Let's go.

[harry f] 23/5/2013 10:17

If it's ok with you, lets take this to the other board as it's more PLMO than PMK.

[harry f] 23/5/2013 10:16

squirrel

I thought you meant that but just wanted to check all the same. I don't think he'd have any problems at all buying a few million here, however I don't think he can.

We'll know one way or another in the next fortnight.