Vanco Share Discussion Threads

[davius] 23/5/2008 15:07

Ah, now it becomes clear, I see you've been falling foul of the admins over on the Vanco thread on LSE then?

Lol, the peeps over there never learn, on advfn the admins tend to let people get away with much more until language becomes offensive.

FWIW I only bought into Vanco a couple of times but exited months ago when it looked like the recovery would take an age. Good job too as what I'm reading suggests it's another Torex. For the shareholders sakes I hope they get something back from it but things aren't looking too promising.

[davius] 23/5/2008 14:05

Get a life Ciscoprat, I've made 12 posts on LSE in the last month. What are you, some kind of nutcase stalker with nothing better to do?

[masurenguy] 23/5/2008 12:02

They wiil be picked up. Question is whether this will be via some twenty-four hour Administrative prepack deal (to minimize the customer churn risk) where the existing shareholders would get zilch or whether a deal is done with the bank that does not involve Administration. Since the bank will be a pref creditor I can't see that shareholders would get much via this route either but it would certainly be better than any Admin prepack deal.

[davius] 23/5/2008 11:43

Won't happen. CW shares are worth more than a pound :)

[asl1978] 23/5/2008 11:40

I see the chairman of C&W has confirmed that he has held talks with Vanco. Perhaps the'll exchange one C&W share for the entire group...

[masurenguy] 22/5/2008 14:27

Thanks - but no thanks :o)

[jecpotter29] 22/5/2008 13:29

Anyone want mine ?

[taffee] 21/5/2008 06:29

riskblue

you can sell shares to anyone at anytime without the stockmarket...it just provides a vehicle where buyers and sellers come together

[hsbcpremier] 20/5/2008 19:39

LONDON (Thomson Financial) - Vanco Plc, the troubled telecoms carrier worth
almost 400 million pounds at its peak, is expected to be sold within the next
two weeks for as little as 1 pound, the Sunday Times newspaper reported.

[redhill] 20/5/2008 16:51

Yes but they were a bargain @5p

[riskblue] 20/5/2008 16:42

How come Hambro can off load shares when trading is suspended? Who the hell would have taken them?

[taffee] 19/5/2008 12:45

I wouldn't go that far about masurenguy but there are certainly issues

[astol] 19/5/2008 12:11

The NRK of the telecoms!

[masurenguy] 18/5/2008 20:31

Obviously complete garbage like everything else that you post.
You clearly are a complete moron !

[taffee] 18/5/2008 17:18

masurenguy/8trader are obviously the same person

these are discussion boards full of ramping and deramping good news and bad news no-one is interested in cyber bullies who don't see it for what it is

[8trader] 18/5/2008 16:29

I filtered him Mas and suggest everybody do the same.

If you think arrogant posters like Taffee will apologise for their
shameless ramping when it goes pear-shaped think again.
Like i said he's done it here and done it elsewhere but so long as
he is not left holding the baby he done care.

Only way is to filter.

[masurenguy] 18/5/2008 16:25

You really need to grow up. Your posts are just fantasies which you make up as you go along. Some of them are virtually libelous too. Your credibility on various ADVFN threads is zero !

[taffee] 18/5/2008 11:06

masurenguy

you are becoming scarily obsessive...these are discussion boards of speculation,ramping and deramping..no-one is really interested in cyber bullies
who don't even hold the shares

get a life!

[masurenguy] 18/5/2008 10:55

Just more speculation from that muppet taffee. After postulating about an MBO a couple of months ago he is now suggesting that fraud is now an issue ! These completely unsubstantiated 'suggestions' of prospective MBO's or fraud are typical of him and also quite disgaceful !
______________________________________________________________________________

taffee - 5 Mar'08 - 804 of 970: heard there is a management buyout brewing here...having sorted the banks out. ceo is mad as a hatter at current share price
...........................................................................

Masurenguy - 5 Mar'08 - 807 of 970:
"taffee - 5 Mar'08 - 804 of 806: heard there is a management buyout brewing here...having sorted the banks out. ceo is mad as a hatter at current sp"

Hmmm....is there any substance to this or is it just more idle speculation and or wishful thinking ? Problem is that taffee has already undermined his credibility by ramping not only this stock but others elsewhere too ! He also flippantly dismissed £70m of debt as being 'more of an overdraft' recently.
........................................................................................

taffee - 5 Mar'08 - 811 of 970: masurenguy, wait and see
.........................................................................................

8Trader - 6 May'08 - 07:59 - 895 of 970
"taffee - 5 Mar'08 - 804 of 806: heard there is a management buyout brewing here...having sorted the banks out. ceo is mad as a hatter at current sp"

"Hmmm.......just more idle speculation and/or wishful thinking ? That taffee has already undermined his credibility by ramping not only this stock but various other stocks elsewhere too ! He also flippantly dismissed £70m of debt here as just being 'more of an overdraft' recently"

Well spotted Masurenguy, one of a new breed of shameless rampers, Taffee was
doing the same on Tandem and then started deramping it when he was not holding
it, filtered for life, the poster has no value whatsoever unless you want to
believe all his lies !
...............................................................................................

esmerelda - 6 May'08 - 08:04 - 896 of 970
"taffee - 5 Feb'08 - 13:15 - 621 of 894: listen guys and gals..I don't think you understand the business model at all. Had the same with autonomy..investors simply didn't get it....eventually theey did."

Yes, I think we do now and I completely agree with 8Trader.

[taffee] 18/5/2008 10:20

how on earth could they burn through £60 mill in 5 weeks without fraud?

too many of these cases imo

[02bursar] 18/5/2008 10:05

Comment from ICT industry analyst, Ovum.

[safman] 18/5/2008 08:12

sorry lads..



From The Sunday Times
May 18, 2008
Vanco, worth almost £400m at peak, to be sold for £1 as cash runs out

James Ashton and Ben Marlow

The troubled telecoms carrier Vanco, worth almost £400m at its peak, is expected to be sold within the next two weeks for as little as £1.

Andrew Coppel, the restructuring expert parachuted in to rescue the company, has warned buyers he needs to strike a deal in days because Vanco is almost out of cash. BT is one of several firms thought to be considering an offer.

Shares in the virtual network operator, which rented band-width from rivals but owned little of its own infrastructure, were suspended 12 days ago and chief executive Allen Timpany resigned.

The most likely route is that it will be tipped into administration and then sold. Shareholders, including JO Hambro and Fidelity, will get nothing.

Lenders, led by Lloyds TSB, are negotiating to claw back some of Vanco's £123m debt. Companies that leased it equipment are also in the queue.

"We are working extremely hard to stabilise the financial position of the company and we have been successful so far," Coppel said. "We are looking to maximise value for stakeholders during the course of the days ahead."

There is not thought to be a black hole in the accounts, although some bidders doubt how reliable they are. Analysts think Vanco burnt through up to £60m in five weeks. Timpany was focused on growth at all costs and the company had been forced to defend its aggressive policy for recognising revenue. There is, however, no evidence of fraud.

Vanco's plight highlights the dangers of cosy relationships between companies and their auditors. Simon Hargreaves, the finance director who stepped down last September, joined Vanco in 1994 from Deloitte where he was audit manager on the company's accounts. Deloitte remained auditor until February this year, at which point it was replaced by Price Waterhouse Coopers.

The media regulator Ofcom is advertising for an investment bank to market internationally the sale of the radio spectrum that has carried Britain's analogue television signal for decades.

It wants to recruit an adviser to mount a marketing programme in the second half of 2008 ahead of an auction in mid2009.

Ofcom hopes to drum up bids from telecoms firms, infrastructure players such as Macquarie and sovereign-wealth funds.

The auction will raise billions, although far less than the £22.5 billion that was brought in by the 20-year 3G mobile-phone licences sold off in 2000.

Ofcom has been tidying up the use of radio spectrum and selling off spare capacity. The American chipmaker Qualcomm last week paid £8.3m for a slice of spectrum capable of transmitting live TV to mobile phones.

Britain's analogue television signal is being switched off region by region until 2012, when television will become digital-only. The spectrum could be used for new wireless broadband and television services.

[redhill] 15/5/2008 13:23

No you didn't i'm afraid! :0)