Alpha Financial Markets ... Share Discussion Threads

[jonwig] 08/10/2017 12:53

Net debt £76m at 31/03, raising about £33m on IPO. Too many geared-up IPOs have a dismal start, so I'll leave this for others to explore.

[jonwig] 08/10/2017 12:16

More to follow. First dealings 11 Oct.

[flateric] 03/7/2009 07:07

Company Consolidated Asset Mgmt (Hldgs) PLC
TIDM CAMH
Headline Disposal of subsidiary
Released 07:00 03-Jul-2009
Number 0611V07



RNS Number : 0611V
Consolidated Asset Mgmt (Hldgs) PLC
03 July 2009

CONSOLIDATED ASSET MANAGEMENT (HOLDINGS) PLC

("CAMH" or the "Company")

Disposal of subsidiary



CAMH is pleased to announce the disposal today of its subsidiary, Throgmorton Financial Services Limited ("TFS"), to TFS's management team and other persons engaged in the business of TFS and their respective connected persons (the "Purchasers") (the "Disposal"). TFS carried on an independent financial advisory business based in Northenden, Manchester. CAMH originally acquired TFS from its management team in May 2008.

The consideration payable to CAMH in respect of the Disposal comprises deferred payments on the achievement by TFS of certain turnover targets during the one year period following completion of the Disposal. This consideration will be satisfied wholly in cash and any amounts received pursuant to the earn-out mechanism will be applied to general working capital for the development of the Company. Following completion of the disposal, a further payment may become payable by either the Purchasers to the Company or by the Company to the Purchasers dependent on the level of working capital of TFS as at completion as determined by reference to accounts to be prepared following completion. Further, if TFS or its business is sold or certain other exit events occur within two years of completion of the Disposal, CAMH shall be entitled to be paid that amount of the proceeds arising on the exit which exceed £200,000. On completion of the Disposal, the Company has also agreed to withdraw any claims that it may have against those of the Purchasers from which it acquired TFS in May 2008 under the warranties given by those Purchasers at the time of such acquisition, including the claim referred to in note 26 to the audited financial statements of the Company for the year ended 31 December 2008.

For the year ended 31 December 2008, TFS recorded turnover of £854,577, a loss before taxation of £2,756 and as at 31 December 2008 had net assets of £160,471. TFS has continued to be loss-making since 31 December 2008.

On completion of the Disposal, Mayfair Limited ("Mayfair") agreed to acquire from the Purchasers all of the shares in CAMH in which they were beneficially interested, being 16,435,399 ordinary shares of 0.5p each in the Company, for an aggregate purchase price of £11,384.10. Mayfair holds 58.9% of CAMH and is therefore deemed to be a related party under the AIM Rules. Following completion of the acquisition of the shares in the Company from the Purchasers, Mayfair will hold 64.4% of the issued share capital of CAMH.

The Disposal is classified as a related party transaction under the AIM Rules. The independent directors of CAMH (that is, excluding Andrew Wilson who is not regarded as independent for this purpose by virtue of his connection to Mayfair Limited) consider, having consulted with Strand Partners, the Company's nominated adviser, that the terms of the Disposal are fair and reasonable in so far as Shareholders are concerned. In providing its advice to the independent directors of CAMH, Strand Partners has taken into account the independent directors' commercial assessments in respect of the Disposal.

Chief executive Simon Banks-Cooper said: "The disposal of TFS will assist the better deployment of our financial and other resources and represents a further stage in the restructuring of the group which the board continues to progress in order to align the assets of the group with the board's ethos and vision."

For further information please contact:

Consolidated Asset Management (Holdings) plc
Simon Banks-Cooper, Chief Executive Officer
Tel: [phone]

Strand Partners Limited
Simon Raggett
Tel: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange

END

[mattrix1] 20/11/2008 10:57

Man that's a big drop!!

[topvest] 03/10/2008 21:41

Well looks to me like the new investors didn't like what they saw...or was this the plan all along?

[stegrego] 30/9/2008 21:51

The sooner these so called Fund managers go bust the better - looks like another AIM fiddle to me..

[flateric] 12/9/2008 10:12

Regulatory Announcement

Go to market news section

Company Arc Fund Management
TIDM AFM
Headline Directorate Change and Change of Adviser
Released 10:00 12-Sep-08
Number 3111D10

RNS Number : 3111D
Arc Fund Management Holdings PLC
12 September 2008


ARC Fund Management Holdings plc


Directorate Change

Change of Adviser


Arc Fund Management Holdings plc ("Arc" or "the Company"; AIM: AFM), the niche investment management boutique, is pleased to announce the appointment of Simon Banks-Cooper, a Chartered Management Accountant, as Chief Executive Officer. Christopher Rowe and John Gracey have resigned from the Board with immediate effect but will remain with the Company until 30 November 2008 and 30 September 2008 respectively.


Sir William Wells, Chairman, Arc Fund Management Holdings plc commented:

"Simon has been involved with Arc since February and has developed a deep understanding of the business and the Board's objectives. Following Christopher's decision to step down, Simon was a logical choice to become Chief Executive.

"I would like to thank Christopher for founding the Company and his hard work in developing it to date. The Board believes that Simon can build upon the foundations that Christopher has laid and take the Company forward.

"John intimated to the Board in July that he would like to step down and, with Simon's appointment, now is an appropriate time. On behalf of the Board I would like to thank John for his excellent contribution."

Arc is also pleased to announce the appointment of Strand Partners Limited as the Company's Nominated Adviser with immediate effect.

For the purposes of paragraph (g) of schedule 2 of the AIM rules Simon Andrew Banks-Cooper (aged 43) holds or has held the following directorships over last 5 years:

Current Directorships:
Past Directorships:

Banks Cooper Associates Limited
Actus Group plc

CherryGold Limited
Celstone Plc

Thinking Place Limited
Inteqniq Limited

MSI Software Technology Plc

Turnaround Capital Consultancy plc (formerly Public Network plc)


There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.


For further information please contact:-

Arc Fund Management Holdings plc
020 76...

Simon Banks-Cooper, Chief Executive Officer


Strand Partners Limited
020 7409 3494

Simon Raggett / Victoria Milne-Taylor

Lothbury Financial Limited
020 7011 9411

Simon Astley / Michael Padley

This information is provided by RNS
The company news service from the London Stock Exchange

END

[failedqs] 04/7/2008 08:56

"Traction Technology" starting liquidation proceedings.

Another ARC Fund Management shocker, losing yet more money for investors.

What a bunch of muppets they really are.

[flateric] 02/7/2008 07:53

RNS Number : 0861Y
AIM
02 July 2008


NOTICE (451)


02/07/2008 7:30am

RESTORATION OF TRADING ON AIM

ARC FUND MANAGEMENT HOLDINGS PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 02/07/2008 7:30am, upon publication of the Company's annual audited accounts.


Ordinary Shares of 0.5p each

fully paid
(B0ZFX11)(GB00B0ZFX118)

If you have any queries relating to the above, please contact the Company's nominated adviser on 020 7628 3396

AIM Regulation

Ref: AIMNOT451

This information is provided by RNS
The company news service from the London Stock Exchange

END

[flateric] 01/7/2008 07:53

RNS Number : 9745X
AIM
01 July 2008


NOTICE

(446)

01/07/2008 07:30am

TEMPORARY SUSPENSION OF TRADING ON AIM


ARC FUND MANAGEMENT HOLDINGS PLC


At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/07/2008 07:30am pending publication of the company's annual audited report and accounts.


Ordinary Shares of 0.5p each fully paid (B0ZFX11)(GB00B0ZFX118)


If you have any queries relating to the above, please contact the company's nominated adviser on 020 7628 3396.


Ref: AIMNOT446


This information is provided by RNS
The company news service from the London Stock Exchange

END

[failedqs] 18/6/2008 07:53

Another favourite of ARC, "Skin Health Spa" is leaving the PLUS market.... Looks like the end for another Company ARC have been investing people's money in.

ARC really is the most incompetent Company I have ever come across in my life. All in my personal opinion of course.........

[argy2] 30/5/2008 11:56

Surprised the price isn't lower after those deals at 5p

[flateric] 30/5/2008 08:10

RNS Number : 5627V
Arc Fund Management Holdings PLC
30 May 2008

For immediate release

30 May 2008


ARC FUND MANAGEMENT HOLDINGS PLC
Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Services Authority, the Board of Arc Fund Management (the "Company") is required to notify the market of the following:

As at the date of this announcement, the Company's issued share capital consists of 144,837,654 ordinary shares with a nominal value of 0.5p, with voting rights ("Ordinary Shares"). The Company holds no Ordinary Shares in Treasury.

Therefore the total number of Ordinary Shares in the Company with voting rights is 144,837,654.

The above figure of 144,837,654 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

---ENDS---

[failedqs] 26/5/2008 17:03

Topvest,

Aerodeon Holdings now worthless as well, according to ARC.

[topvest] 26/5/2008 14:29

I pulled together a list a while back of Catalyst and Arc Equities "failures" or fundraisings where an AIM IPO never quite happened (yet anyway).

Not all directly connected, but the same bunch involved somewhere along the lines.

It's quite long......here goes:

Catalyst New Opportunities plc (then Traction Technolgy plc)
Double Carbon Battery Company plc (trading, but no IPO)
Eastern European Ventures plc
Emerging UK Investments plc (removed from AIM last year)
Ubet 2win plc (removed from AIM last year)
Drug Treatment Holdings plc (trading, but no IPO)
Dualglo Technology plc (trading, but no IPO)
The Weather Lottery plc (lost 90% of value)
Consolidated Vending plc (lost 90% of value)
Turnaround Consultancy plc (trading, but no IPO)
Europol International plc (trading, but no IPO)
Smart Implant Holdings plc (trading, but no IPO)
Global E-network Holdings plc (trading, but no IPO)
Marlin Group Holdings plc (trading, but no IPO)
Britfilms Group plc (trading, but no IPO)
Primary Water plc (trading, but no IPO)
Worldlink Group plc (trading, but no IPO)
PropertyinBulgaria.net plc (in liquidation)
Branded Leisure plc (Creditors Voluntary Arrangement)
Pathway One plc (a PLUS stock)
Viatrade plc (a PLUS stock)
Famous Retail Limited (trading, but no IPO)
Aerodeon Holdings plc (trading, but no IPO)
Dateline Holdings plc (the latest offer from ARC)
Valley Schools Group plc (trading, but no IPO)
Ashton Penney Holdings plc (lost 90% of value)

There are two partially successful companies, that are involved in raising the finance for the above companies:

Capital Ideas plc
Arc Fund Management Holdings plc

Not a full list, but not one of the most successful investment track records around!

[failedqs] 26/5/2008 13:10

Flateric,

I have moved on, I can afford to. But that doesn't stop me warning everyone I can about this bunch of muppets, I feel it is my duty. If I can stop anyone else losing money (and anything they touch seems to lose money) then it is worthwhile.

I challenge anyone to name one company ARC have floated that is still trading at a premium?...

In fact, name one that they have floated and is still within a mere 50% of the float price.... For every one you can point out, I will find 5 that have gone belly up.

I know the usual risks for EIS etc stocks, and I can accept a high degree of risk with such products. Their EIS 1 & 2 funds made 18 separate investments, of which 12 have gone belly-up. No investments showing a profit, all those still trading are markedly down. Cash lost is about 85% of the investment made.

[topvest] 26/5/2008 11:58

I share the concerns over ARC Equities. What they are trying to do is fair enough, but the way they do it is wrong. You do get the feeling that someone knows that 1. Investments are over-priced and 2. They are often businesses without a business model that will fail in 12-18m.

Don't get me wrong I'm very much for entrepeneurial companies, but ARC floats offers only ever raise funds for the selling shareholders and not much needed new funds for the start-up companies that they are pedaling.

What is very curious is why Lord Ashcroft and City of London Group have invested; maybe it was a condition that Renwick went. However, they have still kept pedaling the same old rubbish. Worldlink was totally ourageous. Dateline was more reasonable.

I wonder how many offers Christopher Rowe would genuinely advise friends to take up, in his letters at the front of every offer document?

[flateric] 26/5/2008 11:17

There is no way it can be a scam!! Arc is AIM-quoted and FSA regulated. They have poor record at picking companies, agreed, although a few do get on AIM at a premium. Learn to take profits. Or maybe only invest on fundamentals and stay away from start ups and pre-IPOs. Move on.

[failedqs] 26/5/2008 07:48

JakNife,

I must admit, I hadn't considered it as a scam until you mentioned it, but it is a possibility....

Anything that they put their name to, I will be trying to warn people about the likely outcome given their track record to date.

And yes, I am bitter !

FQS

[failedqs] 25/5/2008 11:23

It looks as if Traction Technology is in the final stages of its trading life, yet another disaster from ARC.....

I stupidly invested a total of £14k in ARC EIS funds, that is now worth about £3k accoring to ARC's latest valuation (Adjusted for the decline in Traction Tech obviously !!), but in reality these investments are worth nil, as they cannot be sold at any cost as most are not quoted on any market.

Most of the companies they "invested" my money in have gone bust within a couple of years, all others are showing a loss. None are showing any profit (And that is circa 20 separate investments over the EIS funds)

Despite the warnings on their literature, it is clear that they have been negligent in my opinion, I'm seriously considering takling this up with the FSA.

[flateric] 14/5/2008 07:23

I no longer hold these, but more Throgmorton acquired...

_________

Regulatory Announcement

Go to market news section

Company ARC FUND MANAGEMENT HOLDINGS PLC ORD 0.5P
TIDM AFM
Headline Acquisition
Released 07:00 14-May-08
Number 3660U07



RNS Number : 3660U
Arc Fund Management Holdings PLC
14 May 2008














For Immediate Release 14 May 2008







ARC FUND MANAGEMENT HOLDINGS PLC




ACQUIRES THROGMORTON FINANCIAL SERVICES LIMITED ("TFS")










Arc Fund Management Holdings plc ("Arc" or "the Company"; AIM: AFM), the niche investment management boutique, is pleased to announce the acquisition of Throgmorton Financial Services Limited ("TFS"). The purchase of the entire issued share capital of TFS, an independent financial advisory company based in Northenden, Manchester has completed for consideration amounting to £1,600,000, being £800,000 in cash and £800,000 in shares (through the issue of 12,628,256 new Ordinary Shares of 0.5p). A proportion of the consideration is deferred and is payable subject to the achievement of certain performance targets by TFS and to the extent that these targets are exceeded additional consideration amounting to a maximum of £100,000 may become payable.




TFS has estimated funds under advice of £85million and its profit before tax for the year to 31 December 2007 amounted to £130,390 on turnover of £1,334,000 and, at that date, showed net assets of £364,000.




The transaction is earnings enhancing for Arc and represents a further step in the development of the Group's wealth management division. As a result of the transaction Arcwill have approximately £500million of funds under management/advice.




A total of 12,628,256 new Ordinary Shares, ranking pari passu with the existing Ordinary Shares of the Company, were issued today. Application will be made to the London Stock Exchange for the 12,628,256 Ordinary Shares to be admitted to trading on AIM, and trading is expected to commence on 19 May 2008.







Christopher Rowe, Arc's CEO, commented




"This is the third acquisition since the wealth management division was established in the last quarter of 2007 and we will continue to increase our coverage of the UK during 2008 through the purchase of other suitable IFA businesses.




Once again this latest acquisition is earnings enhancing and improves the quality of our earnings. Funds under advice now stand at nearly £500m, which compares with some £140m under advice in May last year."










For further information please contact:-




Arc Fund Management Holdings plc
020 7623 3345

Christopher Rowe, Chief Executive Officer

John Gracey, Finance Director




Throgmorton Financial Services Limited

Frank McWilliams












0161 945 4411






Beaumont Cornish Limited
0207 628 3396

Roland Cornish








Fiske plc
0207 448 4700

Clive Harrison








Bankside Consultants



Simon Astley
020 7367 8888



Mobile: [phone]








Notes to Editors




Arc Fund Management Holdings plc




Arc Fund Management Holdings plc is an established fund management group, combining fund management and corporate finance expertise, specialising in funds which invest in early stage private companies.




Arc Fund Management is the principal operating company of the group and has a particular focus on the management of tax efficient funds including EISs, VCTs and its European property OEIC and an established structured product company.




Arc is a Member of the London Stock Exchange.




The Company currently has assets of £500m under management and was listed on AIM (Company symbol: AFM) in July 2006.




Throgmorton Financial Services




Throgmorton Financial Services Limited was established in 2003 to offer high quality independent financial planning advice to high net worth individuals.



With an estimated £85m under advice currently TFS's aim is to build its recurring income and funds under advice by both offering a premier service and attracting further client mandates.




This information is provided by RNS
The company news service from the London Stock Exchange

END