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
  -0.50 -4.35% 11.00 10.00 12.00 11.50 11.00 11.50 3,000 11:24:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -0.3 -0.3 - 5

Adams Share Discussion Threads

Showing 3101 to 3123 of 3250 messages
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Papy, They ahve no value, and are purely an accounting method, of getting the nominal value of the ords down, so they proceed with the capital re-oganisation.
I thought I posted here yesterday, but can't see my post, so trying again. Can anyone here explain the purpose of the New Deferred Shares that we got issued 1 for 1 along with the New Ordinary shares.? I'm assuming they will never pay out anything, and will be re-purchased by the company for 1 Eur cent for the lot? But to what end? I assume some CGT benefit but would be interested how the calculation works (if minimal expectation of payout, shouldn't they be valued at close to zero when apportioning the investor's base-cost between New Ordinary and New Deferred?). Using the par values (99c for the Deferred, 1c for the Ordinary) for apportioning the base cost would be another matter, but can we do that? If we sell the Ordinaries, do the Deferred go with them, or do we retain (nb: no separate Certificate issued for them)? Any clarification welcome.
Weiss have sold their holding so there should be a few shares around. I cant sell mine because the commission charges would exceed the proceeds! Edit: Laxey out too.
Thanks Praipus I've tried to buy some Adams for a punt but the market is too tight
100 I think :)
Do I need to divide the number of Carpathian shares by 1000 to work out how many Adams shares I own?
Cheers graham, thank you for the feedback, Some bizarre looking trades today in qty and value, not holding but on the watch list with it returning today, GL S.
Hi swizz. You need to work in Euros for the time being. 16.17m shares and raised cash net of expenses 270,000 Euros. As the listing has no business as such the shares are trading at a massive premium to assets (unless you assign a value to the listing itself as an asset). So it's a punt on the ability of the managers to find a few lucrative biotech investments to keep the share price at such giddy heights.
Do I read it correctly as in circa £300k cib and approx 16m shares in issue?
I inherited these through my holding in Carpathian. I have negligible holding but it will be interesting to see what happens next!
Anybody still holding these?
Received Cheque from Israel for 2.25p/share today, although I completed a 'Request for Payment of Funds' form several months ago - requesting payment directly to bank account. Cost me about £30 charges last time cheque was cashed. Anyone else cashed recent cheque?
cash arrived...bon voyage..!!!
Update on their website dated 17 May ..........Further to the announcement of 15 April 2011, Adamind is pleased to announce that the process to distribute the final payment has commenced and the cheques to shareholders were posted on 15 May 2011......
no money yet....
chrisdgb - you maths isn't too bad. You were estimating circa 2.5p as the final payment. Although the undershoot appears large %wise if you look at it as a fraction of the proposed final payment, it is small as a % of the overall payment. Top marks to your calcs, given the uncertainty regarding what funds were available all those months ago. Not a whisper of a payment yet - i hold via spreadbet, so not surprising. Never any fanfare or news, all that seems to happen is on some random future date, a lump sum will mysteriously appear in my account. I will post if/when that happens.
anyone been paid yet?......must say I am a little disappointed by the size of the final distribution, my maths must be lacking..
interesting. Growth company investor article suggested the potential for a bit more: sraeli shell company Adamind is to pay a third and final payment to shareholders of approximately 3p a share. Adamind was spun out of Emblaze (BLZ) but in April 2007 it sold the bulk of its assets to Mobixell Networks for $5.5 million. A FSA investigation followed in September but this was discontinued when the regulator decided it had no intention of taking any action. In 2008 a liquidation process was undertaken with $19 million returned the same year and a further $2.1 million paid out in 2009. Following a recent liquidators meeting Adamind has confirmed that as of last October it retained a net cash balance of $1.7 million. There is a US tax exposure of $1 million but if this is not claimed by the authorities by 8 April then Adamind will be free to distribute the cash to shareholders. Adamind has 35,706,886 shares in issue so assuming the current $/£ exchange rate the $1.7 million equates to around 3p a share. Shareholders wishing to receive the funds electronically can download a form on the company website at The shares were suspended some time ago but upon the final distribution, expected in May, the saga will finally be over.
Update RNS today - 2p/share The distribution will total approximately GBP 810,000, constituting GBP 0.02 per share, which will be paid to all of the Company's shareholders of record at the close of business on 28 April 2011 (the "Record Date"). It is expected that payments will be made by the end of May 2011.
Had word that there will be a press release this week...
Hopefully nearly cash time....!!!!!!!
various documents here:
nil desperandum
FYI, got this by email from Corfin: 29 December 2010 Adamind Ltd (in voluntary liquidation) ("Adamind" or "the Company") Notice of AGM and Update on Liquidation Adamind announces that, in accordance with the section 337(b) under the Israeli Companies Ordinance, 1983, the Company will be holding an Annual General Meeting ("AGM"), on 25 January 2011, to report on the liquidation proceedings of the last year, financial status of the Company, and the process for the next and final distribution of funds. The AGM will be held at 1.00pm GMT/3.00pm IST on Tuesday 25 January 2011 at the offices of Corfin Public Relations Ltd, 12th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW. A conference call facility is being made available for shareholders to participate in the AGM. If you wish to access the call, please dial: • UK toll-free: 0800 368 1950 • US toll-free: 1 866 928 6049 • Israel dial-in: 037 219 534 • International dial-in: +44 20 3140 0668 • PIN Code: 714479# The Notice of AGM, which provides the agenda for the meeting, has been posted to shareholders and is available on the Company's website (along with this announcement) at: Update on Liquidation Further to the announcements of 18 November 2009 and 21 December 2009, the Company has maintained a reserve fund to cover US tax exposure and associated costs. This exposure concludes on 8 April 2011, following which the net cash available will be distributed to all shareholders. Information regarding the cash distribution and the expected price per share will be provided at the forthcoming AGM. This represents the final liquidation payment. Once all payments have been cleared, the Company's bank account will be closed. Thereafter, Adamind will hold its final Extraordinary General Meeting and be dissolved, which is expected to occur a few months after the final distribution. Distribution Process Due to the issues that arose during the previous distributions, the Company has worked with its registrar, Capita Registrar's Ltd. ("Capita"), to examine alternative methods of payment. As a result, shareholders can now opt to receive their monies by cheque or via a bank transfer following a procedure recognised by Capita and where the shareholder will bear the bank charges. For those shareholders who wish to receive their monies via a bank transfer, it is necessary to update Capita with respect to their bank account details using the procedure outlined below: 1) Shareholders must complete a 'Request for Payment of Funds' form, which can be found on Adamind's website ( 2) Completed forms should be returned to the Company's registrar at: Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU, United Kingdom – and copied to Robert Pritchard: (+44 (0)20 8639 1006). 3) Only once an executed 'Request for Payment of Funds' form is returned to Capita and the Company's shareholder register is amended accordingly by Capita, will the Company make the payment in the method indicated above. To avoid an unnecessary prolonging of the distribution process or further complications, the Company requests that shareholders wishing to receive payment via a bank transfer update Capita with their bank details without delay. Enquiries Corfin Public Relations Harry Chathli, Claire Norbury +44 (0)20 7596 2860
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