Sportsworld Media Share Discussion Threads

[matters] 16/9/2003 21:04

Count me in as well.

I lost 14 k on this dog !

[pork belly] 16/9/2003 17:36

thanks km11.

count me in.

the shareholder who set up an action group is at the beginning of this thread....see first post.

cheers,porky

[km11] 08/9/2003 15:07

Not wishing to build up any hopes or provide false promises but, I am in touch with a company here in the UK (Magenta One Ltd) that deals with Class Actions (mostly in the US) and corporate governence. I informed them of the past goings on at Sportsworld that ultimately led to receivership. They are interested in pursuing a case on behalf of the shareholders to assess whether we were disadvantaged through negligence or mis management. What they need is a list of disadvantaged shareholders that support an action.
Previously, there was a shareholder who set up an action group but, because it became too time consuming, could no longer continue. If you are in touch with that person, please ask him or her to respond to this message.
Cheers, Kelvin

[homewell] 01/7/2003 21:19

anyone fancy my 322,000? Should have taken the £300 from Trafalgar........

[goodhard] 06/5/2003 08:54

Thanks ofr the Post.... I was just wondered if there was any change

[pork belly] 02/5/2003 11:33

UPDATE 02 MAY 03

As you all know, i received an e-mail from PricewaterhouseCoopers (SWD's receivers) on 21 OCT 02 (See Post 190 above) stating ""In short, there is no prospect of a return to
shareholders."

As some people (including myself!) still have SWD showing in our trading accounts, i e-mailed Mr Scollay today (02 MAY 03)for an update, particularly regarding a return of any money to shareholders.

I have just received his reply.

As expected, there is NO change, i.e. "in that there is no prospect
of a return to shareholders such as yourself."

Sorry guys !!

Cheers,Porky

PS Here is the e-mail i just received:

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

Date: 02 MAY 03

Dear Mr P,

Unfortunately the position remains as before, in that there is no prospect
of a return to shareholders such as yourself. The Receivership remains
ongoing as we continue to dispose of the few remaining assets, and deal
with the legal and statutory issues arising, however the resolution of
these issues will not affect the outcome for shareholders.

I hope the above is of assistance.

Regards
M Scollay
[e-mail]
PricewaterhouseCoopers

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

[steddieddie] 30/1/2003 18:18

Just for info...received from my brokers today:

We have received further information regarding the receivership of
SPORTSWORLD MEDIA GROUP.

As you will be aware receivers were appointed to the Company in APRIL 2002.
The Company's shares were suspended from the Official List at the Boards
request on 2 APRIL 2002.

We have been advised that the Inland Revenue has now declared your
SPORTSWORLD MEDIA GROUP ORD 1P shares of negligible value. The shares have
been removed from your account.

The fat lady has sung.

[sportbilly1] 30/1/2003 11:18

well i have 190k of them and have not heard a thing,since i was offered £0.001 for each share !!!

that valued the whole company and its 62mln share at £62k !!!

[gulliverr] 03/1/2003 10:19

Will the liquidator publish final results? I am interested to see what the bits were worth and why someone was offering to buy shares at .001 of value. What happened there? Too many mysteries here I'd like to see cleared up. I didn't have a large interest so my curiosity is fairly low level!

[muppet205] 03/1/2003 09:25

Yeah, mine too, I spoke to IMIWEB when it disapeared and they told me I still had it but they had done it just to tidy up my portfolio. Now its back again. Its still telling me that its worth 75% of what I paid for it! I doubt they will let me sell it for that though!!

[kamlani] 31/12/2002 11:22

Sanc on my portfolio with imiweb it had been deleted and its back on there now?

[sanc] 05/12/2002 09:55

What do you mean, what screen?

[kamlani] 05/12/2002 09:26

Whats happening here ? i just got SWD back on my screen ? any idea's ?

[homewell] 01/12/2002 22:53

when is the last opportunity for someone to purchase remnants of SWD in order to have an off-the-peg company with LSE listing? Has it passed?

Oh, to have only had 20,000 shares.lol!

[goodhard] 06/11/2002 11:12

Your Order Details
Stock Code: SWD (SPORTSWORLD MEDIA GROUP PLC ORD 1P)
Transaction: Sell 20000 shares
at best


Order Quotation at 11:06:56
Time: 11:06:56
Price Quote: 132.5p
Quantity: 20000 shares
Consideration: £26500.00
Charges: £1.00
Commission: £9.95
Accrued Interest Amount: £0.00
Total Consideration: £26489.05

Now wouldnt that have been nice x x