MDY Healthcare Share Discussion Threads

[hotfinance14] 30/11/2021 08:36

You could contact your broker.

[chameli] 29/11/2021 18:02

Cannot see any RNS after 2012 on advfn.that was when the 52p per share payment was made/ There are no RNS after that for the payments in 2016,2017 and 2018.

[hotfinance14] 29/11/2021 11:35

Have a look at the old RNS's.

[chameli] 29/11/2021 10:22

Can someone tell me what we’re the cash distribution. I don’t seem to have got all of them

[glynedwards] 24/9/2018 09:56

No sign in my Barclays account. I web chatted on Friday. Miraculously the cash had arrived at Barclays that very day and they would be applying it to the accounts in the next week or so.

[russman] 24/9/2018 09:49

Got my cash.
Thanks for all your help over the years.

[hotfinance14] 14/9/2018 09:57

I received my £34.49.

[buff 1314] 13/9/2018 16:15

Received cheque for £1.69.

[hotfinance14] 12/9/2018 12:45

A Tesco frozen pizza?

[joerich56] 12/9/2018 10:57

Just got a cheque for £3-14. Any idea's what to spend it on?

[hotfinance14] 12/9/2018 09:18

Nothing so far.

[marksp2011] 12/9/2018 09:14

Well it is now the 12th. Has anyone seen any money yet?

[russman] 10/9/2018 18:06

Thank you. Was confused on the "slipping" dates.

[culver] 10/9/2018 14:59

The report did say that distribution (including one on 15 August 2018)"have been made to shareholders" so I asked for clarification:

"The third and final distribution was declared on the 15 August 2018 but due to the volume of members (circa 13,000) the cheques had to be printed in a different office and were then sent to a mailing agent to post the cheques on our behalf. I can confirm that the cheques were posted to members on the 7 September 2018 and should be with you this week.

Please do let me know if you have not received your cheque by the end of the week."

[marksp2011] 09/9/2018 06:54

The Accountant of Court is also responsible for holding unclaimed dividends and unapplied balances lodged relative to liquidation/administration proceedings, dissenting shareholders and judicial factories. - That shouldn't have been a shock to the liquidator it is a standard process

Now they need to wait to see if anyone objects to the "proposed final account" ...21 days I think. Then they can hold the close meeting and distribute so I guess we get the $$$ end of October/early November

[culver] 07/9/2018 15:25

The liquidators Proposed Final Account has been uploaded to:
hxxp://rsm.insolvencypoint.com
Case Code: 1082838
Password: mitB685Q

The final distribution is 3.13577524413255p per share allegedly paid on 15 August 2018. Before you complain that this is over 3 weeks ago and you haven't received anything yet, I think they have been doing some cheeky back-dating. The report is dated 22 August but only uploaded today and, several days after 15 August, they were still telling me that the "final distribution will be finalised in due course" Not a hanging offence but back-dating is pretty unprofessional.

The money (£76,361) held to cover uncashed distribution cheques discussed in this thread back in March appears to have been paid over to the "Accountant of Court" (google it!).

Subject to everyone actually receiving their final distribution, I thinks this constitutes THE END!

[russman] 29/8/2018 11:50

Thanks. hoping for 3p.

[marksp2011] 28/8/2018 17:43

So was going to February then they needed one letter from HMRC and it would be July/August
now it is before 4 October !!

last time they spoke to me it was 1-2p now it is 2-3p. Maybe we should let them delay more :)

[glynedwards] 28/8/2018 15:48

Thanks culver, for your diligent research. Very helpful.

[culver] 28/8/2018 15:35

Latest from liquidators' office:

"The Joint Liquidators are required to convene an annual meeting of the Company’s members by 4 October 2018. We therefore expect to issue the Joint Liquidators’ annual report and a final distribution to shareholders (of which there are in excess of 12,500), by this date.

The rate of a final distribution will be finalised in due course and we are not able to give a specific quantum in the meantime. For context however, we envisage a final distribution could be of the order of 2-3p per share. This is indicative only and may be subject to significant change."

[russman] 20/7/2018 09:47

Another month goes by.......

[marksp2011] 19/6/2018 18:35

Culver..... no def sub 2p. They won't say until HMRC confirm all due taxes are paid. They will chase HMRC next week

[culver] 19/6/2018 18:10

marksp2011- thanks for continuing to chase.

It will be disappointing if it does turn out to be 1.5p/share as this would imply they didn't get a final distribution from SIW anywhere close to the £500k they estimated (or there were some huge expenses).

Per last year's report cash at 04-07-2017 was £945k (= 5.17p/share)less distribution paid 24-07-2017 c£671k (= 3.669p/share)= c£270k (approx 1.5p/share). If they got a final distribution of £500k and knocking a bit off for expenses there should be cash of c£700k to give us a final distribution of say 3.8p/share. The annual report has to be made up to 04-07-2018 so even if there are further delays in the distribution, we should see the report within the next 2 months. We might get some indication before that if SIW's liquidator files his annual report made up to 15-05-2018 with Companies House in the next few weeks.

Fingers crossed for over 3p/share!

[marksp2011] 19/6/2018 16:42

Waiting for HMRC to confirm they can release

c 1.5p