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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eight Capital Partners Plc | ECP | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.00 | 0.00% | 0.028 | 06:44:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.028 | 0.028 | 0.028 | 0.028 | 0.028 |
| Top Posts |
|---|
Posted at 15/4/2002 19:29 by energyi Energy Capital Investment Co PLCACTIVITIES: Investment company primarily investing in mezzanine style debt instruments, equity securities and in project equity investments in the upstream sector of the oil and gas industry in the USA without the risk associated with exploration activities Location: One Bow Churchyard, London, EC4M 9HH. Tel: (020) 7463 6000. / Fax: (020) 7463 6001 Directors: / All Non-Executive : A B Henderson (chmn) [RA] Leo G Deschuyteneer [R] James F Ladner [R] G R Petersen [R] William W Vanderfelt [RA] Mr. Léo Deschuyteneer, a director of the Belgian investment company Sofina SA, and Richemont SA James Ladner, a co-founder of RP&C International and Managing Director of RP&C International's Continental European operations, is non-executive Chairman of Bank Austria Creditanstalt (Switzerland) and a Director of F. van Lanschot Bankiers (Switzerland) AG; Energy Capital Investment Company Plc and U.S. Value Investment Company Plc. Mr Ladner was previously an Executive Vice President of Coutts Bank (Switzerland) as well as a member of the Swiss Admissions Board and the Swiss National Bank's Capital Markets Commission. He is a graduate of the University of St Gallen. rpc@pop.agri.ch William W. Vanderfelt, is Managing Partner of the Petercam Group, Belgium, the leading independent member firm of Euronext, Brussels. He is also a Director of several companies including Compagnie Immobiliere de Belgique, Energy Capital Investment Company PLC and Renaissance US Growth and Income Trust PLC. His Firm: 37.15m 25p Ords - SEE BELOW...plus: 35.03%: Banque de Luxembourg SA 4.75%, Liverpool Ltd Ptnrship 4.66%(dup), Elliot Internatinal Ltd 4.66%(dup), Nicholas Greenwood 4.52%, Morgan Grenfell UK Sml Co 4.32%, BWD Rensburg 3.18%, Collateral Noms Ltd DBV 3.10%, Nortrust Noms Ltd 3.06%, W W Vanderfelt 6.54%, Other Dirs 0.90%. Shareholder / Investor Name................ Sidro SA.................. Aberdeen Asset Mgrs Ltd................. East Riding of Yorkshire........... Ruffer Investment Management Ltd................. 2,xxx,xxx / 5.72 % Clydesdale Bank................ Mercury Asset Management.......... .................... Paul E. Singer ("Singer") & Elliott Group........ 1,732,991*/ 4.6 % Nicholas Greenwood........... Others (Above)............. Others (Not Known).............. .................... Contact No. for N. Greenwood / Tom Casey 020 7463 6387 *Paul E. Singer /Related Companies: The Liverpool Limited Partnership L.P. and Elliott International L.P., formerly Westgate International L.P. Hambledon, Inc. ("Hambledon")....... Braxton Associates, Inc. ("Braxton")......... Paul E. Singer's interests in the Ordinary Shares arise from his being the sole director and executive officer of each of Hambledon and Braxton, as well as the general partner of each of Elliott Associates and Elliott Capital Advisors, and as the president of Liverpool Associates. About Elliott Associates, L.P. Elliott Associates, L.P., a New York hedge fund, and its offshore sister fund, Westgate International Limited, represent one of the oldest and most stable hedge fund groups. Elliott was formed in 1977 with $1 million of capital, and Westgate was formed in late 1994 with $80 million of capital. The two funds now have more than $1 billion of capital. ELLIOTT PARTICIPATES in Emerging Markets Debt Elliott is an investment fund with its principal offices located in New York City. Elliott was founded by Paul Singer in 1977 and he remains its sole general partner. One of the primary types of instruments that Elliott invests in is the securities of "distressed" debtors, that is, debtors that have defaulted on their payments to creditors. Singer testified that he invests in debt when he believes that the true or "fundamental" value of the debt is greater than the value accorded by the market. Elliott characterizes its approach to its investments as "activist." Thus, despite sometimes accepting the terms offered to other creditors, Elliott explains that it frequently engages in direct negotiations with the debtor and argues that, as a result, it has occasionally received a greater return than other creditors. In August or September of 1995, Singer was approached by Jay Newman to discuss investing in distressed foreign sovereign debt. Newman, an independent consultant, had worked in the emerging market debt field at major brokerage houses Lehman Brothers, Dillon Read, and Morgan Stanley, as well as managing his own offshore fund, the Percheron Fund.... At Newman's recommendation, in October 1995, Elliott purchased approximately $28.75 million (principal amount) of Panamanian sovereign debt for approximately $17.5 million. In July 1996, Elliott brought suit against Panama seeking full payment of the debt. Elliott obtained a judgment and attachment order and, with interest included, ultimately received over $57 million in payment. MORE: |
Posted at 30/9/2000 12:50 by kayak Comments in IC recently:Published on 14 Jul 00 in Investors Chronicle US oil and gas investor Ord price : 81 Touch : 79 - 82 Market makers : 2 Normal market size : 1000 Energy Capital winds up at end-December 2001 and it seems clear that most major investors want out. That’s not surprising when the current NAV is 135p. Exiting depends on the main partner in its oil and gas partnerships buying it out. That partner is EnCap which in turn is part of the large Texas-based energy company, El Paso. Last year Energy Capital invested $5.57m (£3.68m), and reckons it got some good deals. That’s because (as in the UK) the share prices of small US energy companies have stayed depressed despite rising oil and gas prices and it has been difficult for them to obtain bank finance. The split between oil and gas investments is 45:55. © Investors Chronicle Note. The opinions expressed are those of the Investors Chronicle on the date of publication. FairShares Software Ltd. cannot, and does not, give any opinion on individual companies or investment decisions. Published on 6 Aug 99 in Investors Chronicle US oil and gas investor Ord price : 61 Touch : 60 - 62 Market makers : 3 Normal market size : 500 The oil price topped $20 a barrel recently but Energy Capital's shares remain friendless. One reason is selling by former holders of recently converted loan stock Cutting the 1998 dividend by a third at the same time can't have impressed those investors either, but EC had little option. In 1997 it decided to change its investment policy: until then it took 15 per cent stakes in US oil partnerships and looked for maximum cash flow in the short term but got little in terms of equity holdings. The strategy now is to do the opposite and invest in shares of junior oil and gas producers listed on Nasdaq or in Canada. The split between the two types of investment is now 50:50, and a further move to equity stakes will continue to depress earnings unless capital gains are included: adding in last year's capital losses produced a 1998 pre-tax deficit of $5.89m. In March, EC and its two leading Belgian shareholders turned down a 65p a share bid for its assets from El Paso Energy, the new manager of its US oil and gas partnerships. EC winds up at end-2001, and at June's AGM the diluted NAV was reported to be 115p. That assumes average oil prices of $14 a barrel this year, $16 next year, and $18 in 2001. © Investors Chronicle Note. The opinions expressed are those of the Investors Chronicle on the date of publication. FairShares Software Ltd. cannot, and does not, give any opinion on individual companies or investment decisions. Published on 21 Aug 98 in Investors Chronicle US oil and gas investor Ord price : 85 Touch : 83 - 87 Market makers : 3 Normal market size : 1000 When Energy Capital was set up in 1994 it was given a seven-year life. So it will soon be time to think of how to wind up or restructure the company and narrow the gap between share prier and asset value. Some form of US takeover seems the most likely exit. Energy is a low-risk way to play the oil game, as the partnerships it joins expect to be paid back most of their cash before the well operator starts earning a decent return. It has also been successful in realising $34m from $55.5m invested since 1994 while retaining $50m of investments. The low oil price scuppered last year's results and, as wind-up day nears, it's being offered more deals than seen in the past 12 months. Since December, a further $17.3m has been committed and $9.6m invested in six new investments. © Investors Chronicle Note. The opinions expressed are those of the Investors Chronicle on the date of publication. FairShares Software Ltd. cannot, and does not, give any opinion on individual companies or investment decisions. |
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