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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Quays Group | LSE:QYG | London | Ordinary Share | GB0000142058 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | 0 | GBX |
Quays Group (QYG) Share Charts1 Year Quays Group Chart |
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1 Month Quays Group Chart |
Intraday Quays Group Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/4/2006 | 15:50 | The Worlds Most Criminal Directors | 24 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 30/6/2003 13:49 by matto Extract below taken from money.telegraph. I presume the companies referred to are subsidiaries of Quays Holdings as acquired from Orb.Former Orb subsidiaries in receivership By Carolyn Batt (Filed: 25/06/2003) Homebuyers hoping to take possession of luxury flats at Poole, Dorset, could lose their deposits after two companies until recently controlled by Jersey-based Orb were placed in administrative receivership. The Royal Bank of Scotland has appointed partners of Price Waterhouse Coopers to manage Poole Developments and Dolphin Quay Developments after the companies were crippled by cash-flow problems. The Orb subsidiaries were behind Poole's Dolphin Quay Waterside development, involving 105 apartments costing up to £1.25m each and 70,000 squ ft. of retail space. PWC partner Barry Gilbertson said yesterday: "The various difficulties of Orb have been well-documented. It seems those difficulties caused the companies not to have enough money to pay the building contractor on the project, Taylor Woodrow." He said Taylor Woodrow suspended work earlier this month and "that caused nervousness at the bank, which appointed administrative receivers." Contracts had been exchanged on 85 apartments, with buyers paying an average deposit of 10pc. Mr Gilbertson said: "There is a risk they will lose their money." He added: "We're struggling to find out exactly who the directors of these companies are." |
Posted at 15/4/2003 13:55 by matto More bad news surrounding Orb. Little closer (too close!) to home for QYG shareholders.The continuing saga surrounding secretive property firm Orb Estates has taken a new twist after it emerged that the Serious Fraud Office has been probing the company's plans to transform Poole harbourside in Dorset. Full article: |
Posted at 10/1/2003 18:59 by skyracer Considering the risk that the assets purchased from Orb are a ripoff, and that the remaining cash has gone walkies, it is surprising that QYG holdings still has a significant market value. |
Posted at 03/9/2002 00:10 by skyracer Purple, on paper it may seem good value, but it is an illusion. The remaining cash is going to be converted into properties and improvements to properties. Then how do you value the assets? You cant rely on value based on historical cost as will appear in the Balance Sheet because the initial "price" paid may well not have been realistic. My concern is the competency of the Directors which has been clearly shown to be lacking. There are ruthless operators in the property business who could run rings round this bunch, in fact they may already have done so. Watch the cash go down, the debt appear, followed a couple of years later by asset write-downs. The directors may just have demonstrated how clever they are by getting into the property market at the top, and even then paying too much. AVOID |
Posted at 29/8/2002 16:09 by purple The Directors in this deal should be sent to prison! RNS Number:5309A Takeover Panel 29 August 2002 2002/20 THE TAKEOVER PANEL ALEXANDERS HOLDINGS PLC (now renamed Quays Group PLC) On 4 July, Alexanders Holdings PLC (now renamed Quays Group PLC, "Alexanders") issued a circular to its shareholders seeking, among other matters, approval for the acquisition of certain assets from Orb Estates PLC ("Orb Estates"), approval for the issue of shares to Orb Estates in consideration and approval of the waiver by the Panel of the obligation under Rule 9 of the Code that would otherwise have arisen for Orb Estates to make a general offer for Alexanders. Alexanders was advised by Corporate Synergy PLC ("Corporate Synergy"). Following the issue of the Alexanders circular, the Executive was contacted by a shareholder in Alexanders who raised a number of issues in connection with the transaction. As a result of its investigation into these issues, the Executive concluded that: * Corporate Synergy was not sufficiently independent from Orb Estates to provide independent advice to the Alexanders board and must therefore step down as the Rule 3 adviser to Alexanders for the purposes of the transaction; * if the transaction was to proceed, a new independent adviser must be appointed and a further circular sent to Alexanders' shareholders; and * the annual general meeting of Alexanders' shareholders convened to consider the transaction must be adjourned pending the issue of the new circular. On 1 August, Alexanders issued a supplemental circular to its shareholders containing advice from the new Rule 3 adviser. This circular also informed shareholders that: * one of the directors of Alexanders was not considered by the Executive to be independent for the purposes of the transaction and would therefore no longer form part of the Alexanders board's recommendation to shareholders; * a major shareholder in Alexanders was not considered to be independent and had undertaken not to vote on the resolution to approve the waiver of Rule 9 as a result of certain connections with the ultimate controller of Orb Estates; and * an agreement entered into between Mr Humm, one of the directors of Alexanders, under which Mr Humm had agreed to sell his Alexanders shares, had been cancelled. Following the publication of the supplemental circular, an appeal was made by the shareholder in Alexanders against the decision of the Executive to grant a waiver of Rule 9 of the Code. The Panel dismissed the appeal. Nonetheless, the Executive regards the need for the additional disclosures and amendments to the original circular as unsatisfactory, and believes that responsibility for this must lie to a large extent with Corporate Synergy as the financial adviser to Alexanders. The Code places great emphasis on the importance of an offeree company obtaining competent independent advice and on the need for parties and their advisers to consult the Executive on matters involving interpretation of the Code. This is particularly important in a case involving the proposed grant of a waiver from a Rule 9 obligation. Corporate Synergy failed adequately to consult the Executive in relation to the issue of its own independence and to the proposed share sale by Mr Humm. In the Executive's view, this conduct falls short of the standards required of advisers involved in a Code transaction and Corporate Synergy is criticised accordingly. 29 August 2002 Note: Corporate Synergy is a subsidiary of Corporate Synergy Holdings PLC which was acquired on 24 July by Mountcashel PLC (since renamed Abingdon Capital PLC). This information is provided by RNS The company news service from the London Stock Exchange END MSCUKAVRUORWUAR |
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