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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adams Plc | LSE:ADA | London | Ordinary Share | IM00B986V543 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 6.50 | 6.50 | 6.50 | 0.00 | 08:00:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -2.19M | -2.37M | -0.0162 | -4.01 | 9.48M |
Date | Subject | Author | Discuss |
---|---|---|---|
13/11/2007 10:19 | Good to hear her commitment to shareholder return, thanks. | dangersimpson2 | |
13/11/2007 10:12 | A little surprised we haven't had our news yet. Could end up coming out in the next couple of days instead. I spoke to Orna yesterday and she told me that it is unlikely anything will come of the approaches the company has received. Her criterion to any interested parties is that unless they can offer a cash return greater than what the company is likely to achieve via liquidation, she is not interested. Retaining the shell after distributing all the cash is unlikely. Whats left to resolve is how much cash is left and when we are going to get it. Announcement should give us a better steer on both those points. | nickcduk | |
13/11/2007 10:03 | No news yet, I wonder if we will get a bid???? | chrisdgb | |
12/11/2007 16:27 | Thanks for the heads up, would be great to get a clear breakdown of expected return, probably too much to hope for though at this stage since there will still be a few unknown costs. Best news would be if the extra £0.5m due next year would cover them and free the whole current balance to be returned. | dangersimpson2 | |
12/11/2007 15:50 | Expecting an announcement tomorrow from Adamind. Should be an update on the liquidation process. It looks like they are aiming to wind everything up in early 2008. More details tomorrow. | nickcduk | |
30/10/2007 19:58 | this is a long wait in a stock that only has cash left to pay the cash back out. every week feels like a month of waiting. more months to go, I think. In this market there are better things to do with the money that is stuck on a far far away bank account of someone I do not know. Pay back that money!!!!!! its enough now | eenmakkie | |
23/10/2007 21:15 | rallied 1.25p to close at 26p. yeah that was a rally in the shares??? This is not a rally! | eenmakkie | |
23/10/2007 12:28 | From The Independent : FSA drops inquiry into Adamind By Andrew Dewson Published: 23 October 2007 The Financial Services Authority has discontinued an inquiry into the former mobile phone services provider Adamind after first confirming the company was under investigation six months ago. The investigation was focused on a profit warning the company made in June 2006 and whether or not the statement was made in a "timely fashion". An offer was subsequently made for the company by its rival Mobixell which did not lead to a formal bid. Adamind, which has sold off all of its operations and is now a cash shell, plans to return its surplus capital, approximately $25m, to shareholders as soon as is "legally feasible". Adamind shares, which were trading at more than 130p on the eve of the FSA investigation, rallied 1.25p to close at 26p. | hotfinance14 | |
23/10/2007 09:07 | Welcome onboard Nil. Ideal situation would be for a bid at a premium to cash to reflect tax losses etc. Not sure that is likely though so a return of about 30p in cash would be good. That would leave a cash shell which would be worth another couple of pence. Hopefully we will get another update soon with dates and quantum of any return. | nickcduk | |
23/10/2007 08:56 | Joined you this morning with 50k@26p . Looks like should have close to 20% return even after allowing say 10% for tax and other liabilities. May pick up a few more once we have an announcement on timescales and likely return. | nil desperandum | |
22/10/2007 20:59 | "There is a possibility that one of the parties that approached the company about making an offer for the company may decide to now put a firm proposal on the table." Yes but this time a cash offer above neto cash level. Do not want to see an other takeover paid with newly issued shares that are worth ????sh?t shares should trade soon in the range 27p-29p, still with a discount on cash but smaller. Best case is cash distribution of almost all and leave shares traded for the rest of the 500.000$ that will come free in april 2008. Maybe then a takeover of an non listed company that likes to list on AIM for a less price. This will be maximising shareholders value in "true meaning" | eenmakkie | |
22/10/2007 19:35 | Good luck guys - sounds like the fat lady's clearing her throat ready for that final aria... Katy - lol. | supernumerary | |
22/10/2007 18:27 | BLZ were never investigated. ADA are 'not guilty'... BLZ are as sound as a £7 note... | katylied | |
22/10/2007 16:37 | BLZ IS NOT GUILTY FANTASTIC NEWS | par12 | |
22/10/2007 11:46 | Just had a chat with Harry at Corfin. The company is likely to have a board meeting in the next few days to discuss todays announcement. From there they will devise a plan on how best to go about returning cash to shareholders. If its a case of winding up the company then the process could take between 2-4 months depending on Israeli courts. There is a possibility that one of the parties that approached the company about making an offer for the company may decide to now put a firm proposal on the table. With the investigation out of the way it would be the ideal time to do so. In the interim results Orna Berry pretty much aluded to that prospect 'The Board plans to return the cash as soon as it can to its shareholders. The Company hedges the funds against currency fluctuations and keeps a majority of the money in GBP. Should Adamind be approached by potential buyers for the Company as a going concern, the Board will explore the offer in order to try and maximize the shareholders' return and accelerate the time of the return.' Not sure at what level an offer would succeed because the time it would take to make an offer and send out cheques wouldn't be far off how long the liquidation route is likely to take. | nickcduk | |
22/10/2007 08:51 | Market was a little slow to pick up on todays news but has finally come to its senses. I tried to pick up a few this morning but online limits were about 10k so I didn't bother. Still surprised its not higher but I don't particularly mind as I have a lot of my position with IG Index and I would only have to pay more interest if it rose more. Well done to all those who have stuck it out most of this year. Its been a long and frustrating wait but the end line is firmly in sight now. | nickcduk | |
22/10/2007 08:48 | Excellent news. Hopefully we can have a cash return this year (although I note there is an employee case slated for Jan08, but perhaps they will pay them off now as it isn't very much). | scburbs | |
22/10/2007 07:55 | Strange the share price is indicating unchanged pre market. If I had any spare funds handy I would be adding aggressively. There is about a 20% return within 3 or 4 months. On top of that the cash shell might be worth another couple of pence. If the price doesn't move later on today ill get some funds transferred and try and buy another couple of hundred thousand shares. | nickcduk | |
22/10/2007 07:41 | Excellent news. The company might be able to recover back more of the costs expensed so far with this investigation. Looks like the end is drawing near now and we should our money back soon. Ill phone Corfin later on today to find out what sort of timetable we are looking at. | nickcduk | |
22/10/2007 07:32 | The investigation was a waste of time. Sure Emblaze benefited from inside knowledge, but it was the shareholders who kept with the company who have suffered yet again.. | pejaten | |
22/10/2007 07:12 | this we like... | deep powder | |
22/10/2007 07:07 | Adamind Ltd 22 October 2007 Adamind Limited ('Adamind' or the 'Company') Company update on discontinuation of FSA investigation Further to previous announcements, the Company provides an update on the Financial Services Authority ('FSA') investigation under Sections 168 (2) (a) and (d) of the Financial Services and Markets Act 2000. The FSA has informed the Company that it has decided to discontinue the foregoing investigation and has no present intentions of taking action against the Company or its officers in relation to the matters underlying such investigation. Following completion of the investigation, it remains the Board's plan to return to the Company's shareholders the cash held by the Company as soon as legally feasible. | hotfinance14 | |
08/10/2007 22:01 | Like dropping small fish in to a tank with a hungry Piranha | par12 | |
01/10/2007 10:57 | And directors will not take action against them self or there friends, so forget the canceling of options (the options are alost all executed, see the sell presure in the last months) and the bonusses will be given as well for "excelent shareholder maximisation" | eenmakkie |
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