Camkids Share Discussion Threads

[davidosh] 17/3/2017 16:27

I had a holding with Spreadex and they now want to close it completely at zero which I have contested as although it delisted it has not actually ceased trading and been liquidated to my knowledge so there should be some value ?

[briangeeee] 15/2/2017 16:54

There's probably noting very meaningful on this site in a financial sense, but it's mildly interesting in terms of keeping up with their local activities
[BTW, right click and select 'translate'!]

[briangeeee] 15/2/2017 16:51

I think the Crest issue is that most online type brokers aren't equipped to deal in certified stock, and don't want the hassle. So, when the stock is materialised (as it must, I imagine, when not in Crest), they have the combined problem of HMRC fair value rules, and the difficulty with dealing in paper certificates. It's probably easier for them to simply say that you can't do anything. Unless they've specifically said something to you about short closing, I suspect that thought occurs only because it's the most common situation in which distressed company shares are traded post-delisting.

[briangeeee] 15/2/2017 13:37

The particular problem you have with a non-listed share held in a SIPP is that the Trustee (I believe) has to be in a position to demonstrate to the HMRC that it has been traded at a 'fair price'. That's mainly an issue if it's traded with a related party, such as another of your own accounts. However it should be possible to sell to any independent third party, whether they are short or not. The relevance of the 'short' bit is just that they're the most likely to be willing to transact, in order to tidy-up an open position.

[spectoacc] 15/2/2017 06:50

Thanks, tried both those options - to my knowledge, the only way to sell a delisted share is indeed to find someone short, who is needing to close.

SIPP trustee, & Selftrade, rejected the idea.

Charity gifting was the only possible choice, but SIPP trustee doesn't allow it (counts for them as "taking benefits early").

Ridiculous situation - CAMK is costing me twice over!

[briangeeee] 14/2/2017 23:51

Or someone willing to buy to go long, but they're not likely to want to pay too much .... I have thought about it!

[spectoacc] 14/2/2017 09:51

Not from SIPP I can't - they won't let me. They're happier taking their £220+VAT every year until CAMK finally go!

[kramch] 14/2/2017 09:45

You can always gift the shares to Sharegift.org to clear them out.
K.

[spectoacc] 14/2/2017 06:57

Ta; semi-resolved it by moving entire SIPP ex Camkids, which now sit in an a/c with an annual fee until they finally get wound up/shot.

[trentendboy] 13/2/2017 21:28

Total madness - good luck

[spectoacc] 26/10/2016 10:04

Got peanuts of Camkids in SIPP, now trying to move SIPP trustee, but new one won't accept CAMK (presumably due to suspension/delisting from CREST). Anyone encountered this problem, ie how the hell do I get rid of Camkids in order to be able to move SIPP trustee?

Neither side has much clue - Selftrade say "gift them to charity, but instruction has to come from trustee". Trustee says "Can't gift shares from SIPP". Trustee says "find a buyer for them", Selftrade say "Even if there was a buyer, how can you be sure the price isn't deemed either a withdrawal or a payment in".

If I had certificates I could at least burn them.

[kate dumpston] 01/11/2015 16:03

hxxp://guerillainvesting.co.uk/2012/01/21/exposed-the-multi-millionaire-super-injunction-see-you-in-court/

[spob] 30/10/2015 15:49

RIP CamSkids

[edmundshaw] 12/10/2015 09:46

CTEK delisted today. "pursuant to AIM Rule 1."

Heads should roll.

[caradog] 09/10/2015 09:40

Another one bites the dust. CHRRs nomad and non-exec resigned on 6th, prompting this hilarious response from the company today:

[edmundshaw] 05/10/2015 21:25

Thanks again David. Very revealing...

[davidosh] 03/10/2015 22:19

Worth reading this analysis of China based UK listings....

[topvest] 30/9/2015 21:20

You have to laugh at this company. It's just unbelievable. Does anyone believe them!? Surprised they don't add a PS. Only joking...we've all had a great laugh at your expense!

[11_percent] 30/9/2015 15:50

Caradog,

It is just standard operating procedure for these guys.

[caradog] 30/9/2015 15:44

The report is extraordinary. In lieu of payment from 3 distributors, Camkids it taking back the unsold stock at around 20% discount and selling it to new distributors at half that cost. Considering that these 3 distributors have a sixth of the outlets and the value of the stock is a third of Camkids annual revenue, we can only assume that stock as been piling up in the distributors' warehouses for years. Camkids then proposes to pay compensation to these same distributors. Goods not fit for resale will be given away.
You couldn't make it up, or maybe somebody just did...

[11_percent] 30/9/2015 15:32

I amm gob smacked that peeps are surprised by any of this.

[graham1ty] 30/9/2015 15:21

Have only just seen that CAMK have put out their results today !!! Committed to the AIM listing they say, and looking at options. Yeah, yeah, yeah

[topvest] 29/9/2015 20:04

Unfortunately, never has there been a more inevitable and predictable suspension. We all said this would happen and it has.