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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sdic Power. | SDIC | London | Depository Receipt |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 18.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 18.00 | 18.00 |
| Top Posts |
|---|
Posted at 19/12/2014 13:44 by davidosh I think shareholders should demand a meeting with Jim Mellon...He must have the answers and half the SDIC property no doubt ! |
Posted at 19/12/2014 09:17 by boystown Can anyone explain to me what is happening here?I’ve never heard anything via my broker but it seems impossible that there can’t be any residual value – yet it’s been three and a half years now since they said anything. But the last we knew, we had 34 Euro cents per share and they were "actively seeking to put together a re-financing package to present to the lending banks and the Receivers in order to regain control of the SPVs with a view to re-building shareholder value… And … “The Company's recently published annual report for the year ended 30 June 2010 reported total equity value of about €116 million and therefore the directors believe that there is substantial equity value attributable to SDIC through loans provided by SDIC to the SPVs.” What will happen next …. EVER? Does anyone know? |
Posted at 20/5/2014 07:58 by boystown Well maybe I'm naive but the last we knew, we had 34 Euro cents per share and: "The ongoing directors of SDIC will be actively seeking to put together a re-financing package to present to the lending banks and the Receivers in order to regain control of the SPVs with a view to re-building shareholder value. SDIC remains in contact with the lending banks in this regard. The Company's recently published annual report for the year ended 30 June 2010 reported total equity value of about 116 million and therefore the directors believe that there is substantial equity value attributable to SDIC through loans provided by SDIC to the SPVs. So yes - there should be value attributable left to ordinary shareholders??? |
Posted at 15/11/2013 20:59 by checkers2 The 2013 accounts are now available by contacting the company secretary, Nigel Caine:nigel.caine@sdic.im This is the reply I had from him on its wind-up proposal: Further to our last correspondence, SDIC plc is still progressing some outstanding claims and the directors consider that there is still potential value available to the company in pursuing these items based on current legal advice. Therefore the company will continue to advance these claims for the immediate future, and monitor their progress as long as there is a reasonable expectation that this will benefit the shareholders. Were this not to be the case then the directors would likely recommend the winding up of the company on that basis. Some of the claims are likely to continue into 2014, and therefore there is no immediate plan to wind up the company whilst this process is ongoing. Further updates will be made to shareholders as matters are progressed. |
Posted at 20/5/2013 11:59 by horndean eagle I have learnt to keep a very long distance away from JM after SDIC. Effectively raped the company in so many ways. What might prove amusing would be if someone brought to his attention a really strong post bordering on slander. Would love to have a day in court with him and get some answers to exactly what he was up to. Personally don't think he would rise up to the challenge though. |
Posted at 21/4/2013 23:49 by paulypilot Hi David,I certainly won't ever be going anywhere near anything Jim Mellon promotes again, after this debacle at Speymill & Speymill Deutsche, the latter cost me an arm & a leg, at the worst possible time. To this day I can remember that meeting we had with the SDIC management (I don't think it was the Directors, as they were Non Execs in the Isle of Man), where they spun a good story, and it all sounded convincing. I was completely taken in by them, but afterwards I felt that the body language and atmosphere seemed very odd - they looked & acted really shifty, chose their words carefully, and were in a great hurry to shut down questioning & end the meeting quickly. As it turned out, the people at that meeting totally misrepresented the true position with the Banks, which were actually desperate to get out of the loans to SDIC, but this was concealed from us. If you have a list of their names, I'd be very interested to see it, as I won't go near any companies they surface at again in the future. I learned a very valuable lesson from this meeting, at a great financial cost, that if it doesn't feel right, if the people are sending out strange signals, if what they are saying doesn't match their body language & gestures, if you just come out of a meeting feeling disturbed & uncomfortable, then get on the phone to your broker straight away & sell the lot! Cheers, Paul. |
Posted at 21/4/2013 12:23 by davidosh Mmmm...This morning the Sunday Times Rich List has Jim Mellon at number 110 with £800m stating..'Soaring property prices in Germany have helped Mellon who has 70% of his wealth tied up in 40000 apartments there' Does not mention the Speymill debacle. He has not replied to my emails or text messages for over a year now so clearly not interested in SDIC shareholders. He lives in the Isle of Man and the Agms were held there on the day before Christmas Eve...enough said ! |
Posted at 18/12/2012 18:32 by the troll SDIC website's disappeared; how does Mellon propose to update us concerning the 'status' of the Co. ( as promised ) now, by carrier-pigeon ? |
Posted at 02/12/2012 11:32 by mazbar I take it us shareholders will see nothing?I haven't heard from sdic in a long time. |
Posted at 24/5/2012 10:36 by davidosh Agreed settlement of the Speymill Deutsche Immobilien Company plc ("SDIC") loan notes relating to the sale of GOAL services GmbH ("GOAL")Speymill (AIM: SYG), the multinational property services group, announces that it has entered into a negotiated agreement with SDIC to settle the outstanding convertible loan notes ("Loan Notes") issued by SDIC to Speymill in consideration for the acquisition of GOAL on 18th November 2010. The aggregate value today of the outstanding Loan Notes is 2.088 million and Speymill has agreed to accept 1.86 million combining both principal and interest, subject to immediate payment and in full and final settlement (the "Settlement"). The Company has received the funds which will be used to support the Company's working capital. Nothing from SDIC...funds are coming from somewhere ? |
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