Vanco Share Discussion Threads

[machiavellianindian] 05/8/2010 20:09

you aint banked your Billion $/£ just yet - thrice lol :)

[machiavellianindian] 07/5/2010 19:08

Ellemaitch - 7 May'10 - 17:38 - 12502 of 12506

Evil (SC) who was short , bought back and has gone long . Interesting considering his comments a few weeks back in respect of the go ahead

[machiavellianindian] 07/5/2010 18:05

Simon Cawkwell - 18 Apr'07 - 21:02 - 21 of 1022

JayDeee,

It really is not necessary to excuse yourself from thinking by claiming that you are not an accountant. My reason is that most accountants that I have encountered cannot read a balance sheet in stock market terms for toffee.

The fact is that debtors receivable more than a year after the BS date raises the question as to whether the debtors will necessarily feel satisfied then in the matter of performance. No amount of discounting or provisions gets over this problem.

There is of course a long history of leasing companies holding their own in stock market valuation terms for many years prior to disappointing. And VAN's stock market denouement may be some way off. To what extent do you think VAN a lessor?

Incidentally, I am told that Bridgewell, the broker, tried to speak to VAN today but were declined when making civil enquiry. If so, is VAN mad? Or has VAN something to hide? Good companies NEVER fail to answer reasonable questions reasonably put. You do not need to be an accountant to agree with that.

Simon Cawkwell

[machiavellianindian] 07/4/2010 20:40

Fat Controller this you:

Simon Cawkwell - 7 Apr'10 - 20:15 - 136 of 137

Gentlemen,

For those who are interested, I bought, I think, 22,800 at 52p late. It will presumably show tomorrow. Avesco seems insanely cheap to me. It is almost a widows and orphans stock.

Simon Cawkwell

MachiavellianIndian - 7 Apr'10 - 20:38 - 137 of 137 edit

collective shorting or ramping are we :-

[machiavellianindian] 05/4/2010 17:44

Skiboy10 - 5 Apr'10 - 17:42 - 2223 of 2223

Hatto....

Skiboy10 - 5 Apr'10 - 17:04 - 2219 of 2222 edit

Relist in June and the admission document should be sent to shareholders in May.

[machiavellianindian] 04/4/2010 09:49

seeking answers from Jo Hambro - no rush...

brb sit tight IMO

[machiavellianindian] 28/3/2010 21:42

No rush :)

[machiavellianindian] 28/3/2010 21:34

allalogie - 28 Mar'10 - 21:31 - 25630 of 25630

Now how that can be interpreted that they have raised the money or are going to raise the money now is beyond me.

When you put the following two comments together, I would think it was a natural conclusion....

1. At this event, buy-side investors will listen to presentations from companies in the Environmental Industries sector. This will be followed by the opportunity to conduct 1-2-1 meetings between issuers and investors.

2. "Aim-listed SeaEnergy, is looking to raise up to £40 million in a share placing to build North Sea wind farms"

Frankly, only a 7am RNS will kill this off

[machiavellianindian] 28/3/2010 13:30

the UFO's use various nicknames and various BB's...

ROFLMAO :)


13:24
Comments on Times Online

DES.L

Goldsmithisbullish
1UP
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Keep recommeding the comments of Joe Sherlock and Steven Johnson until they take the article down.

I am going to keep clearing my cache and re recommending.

[machiavellianindian] 27/3/2010 18:54

oh back from the dead :)

Anyway, I wonder what Timpany and Hargreaves excuse will be with regards to the Jo Hambro Trade

Really would like to get view of the Directors Conduct Report.... but, then again with all those 'cosy' relationships and multi millionaire associates etc etc... :-)

[machiavellianindian] 27/3/2010 14:54

Reliance Globalcom snaps up Vanco

Financial Times
25-May-2008
By Ben Fenton

A subsidiary of India's second-largest telecommunications company was revealed as the buyer of struggling Vanco in a deal worth about £40m, but with shareholders getting nothing.

Reliance Globalcom will take on the liabilities of Vanco, a virtual network provider with 700 employees and 200 clients. Banks will get back only about a third of the £123m in outstanding loans to the company.

"It is a pretty meaningful amount considering the banks were looking at getting nothing at all," a person familiar with the deal said.

The buyer, owned by Anil Ambani's Reliance Communications, will also make an unspecified capital investment, the person said.

It was not known how many of the company's employees, most of whom work in the UK, would keep their jobs.

BT and Cable and Wireless had been linked with Vanco.

Shares in Vanco were suspended this month after worries that it was running out of cash. At the time, they were valued at 64¼p, but it has been clear for some days that they were effectively valueless.

On May 7, Vanco said it was in discussions with bankers about its financial position. It said it was unable to update the market accurately on its historic financial results and unable to publish year-end figures by the May 30 deadline.

Allen Timpany, founder, chief executive and largest shareholder, stepped down at the time.

Andrew Edge, a corporate partner at Ashurst, Vanco's legal adviser, said: "It has been a difficult period for Vanco and it is to the great credit of John Mumford [senior independent non-executive director] and Peter Johnston [finance director] that their perseverance over some months has resulted in a conclusion for the company and its staff."

Vanco's advisers were concerned that it could close as going concern, but the person familiar with the deal said Reliance Globalcom would take on existing business while Vanco's existence as a publicly-listed company was wound up by its administrators, FTI Consulting.

Mr Timpany, who owns 48.5 per cent, brought the company to the market in 2001 when global stock markets were tumbling.

But its expansion was rapid and the price peaked at more than 600p in 2005.

It is the second recent investment in a UK-based telecoms company by Reliance, which last month bought eWave.

A formal announcement of the sale will come tomorrow.
Companies: Vanco PLC ;

Ticker Symbols: uk:VAN;

Industries: Broadcasting & Telecommunications; Information; Telecommunications;

Subjects: Company News;

FT.com
Copyright The Financial Times Ltd. All rights reserved.

[machiavellianindian] 27/3/2010 14:52

lets see if FTI CONsulting or CMS Cameron managed to investigate the avenues of any 'MISCONDUCT' that MAY have taken place in MAY 2008. Surely, ADMIN would have an answer for Jo Hambros trade or were they delaying ADMINISTRATION to get past the 2 year period after which exBODs cannot be investigated for any wrongful doing... Poor, Lloyds taking such a haircut and let's not forget about the poor Shareholders :(