Assetco Share Discussion Threads

[konradpuss] 06/8/2020 20:16

VelocyTongo, the appeal would be to the Supreme Court, however they would require permission which is a high hurdle.

[velocytongo] 06/8/2020 19:50

We keep waiting. We were wondering if they've written the judgement and it's with the respective parties to check statements of fact. I suspect that GT's insurers will go to the High Court, if granted the right to appeal. The issues of law are complex and a judgement in favour ASTO could trigger a wave of litigation against companies run by rogue directors. I'd also like to see more directors held to account. The real villains of this piece were the CEO and CFO who are still at large and have never faced prosecution with the prospect of time behind bars.

[konradpuss] 01/8/2020 19:46

Velocy, another month goes by. This might end up being a record although some decision have taken up to nine months. Oh! then we will have to wait to see if the loser gets the right to appeal to the Supreme Court.

[konradpuss] 25/7/2020 19:32

zcaprd7, thank you for that. What are these judges up to!

[zcaprd7] 09/7/2020 00:34

The Guardian: Grant Thornton fined over Conviviality audit failures.https://www.theguardian.com/business/2020/jul/08/grant-thornton-fined-over-conviviality-audit-failures

[velocytongo] 08/7/2020 21:39

It should be any day now

[konradpuss] 08/7/2020 20:41

Nothing so far. I check every day. I know it is a long judgement from the lower court, however three bright judges should be able to simplify this in a couple of weeks and issue a decision.

[konradpuss] 21/6/2020 16:40

The share price has ticked up a bit on no news that I can see. Still no 'hand down' from the Court of Appeal.

[konradpuss] 12/6/2020 20:28

It's nearly six months from the date of the hearing at the Court of Appeal. That is no usual, however not completely uncommon not to have a decision by now. The usual is two to three months. What are the three judges doing! Surely they have Zoom!

[boystown] 10/6/2020 07:40

Cash has increased and CV19 means they aren't able to look for opportunities for new business etc., so they're going to start giving some of it back (I presume this is Chris Mills' pressure). Capital reduction in train. Big picture remains the same though - we lose c.a third if GT's appeal is upheld, we go up by c.two-thirds if not.

[konradpuss] 04/6/2020 18:48

I am still checking every day for the 'hand down' date. I continue to wonder if the judges are all O.K. still! Hope they are mind!

[konradpuss] 29/5/2020 20:23

Near five months. I know it was a long decision however what are they (the three judges) doing?

[konradpuss] 13/5/2020 20:25

I am wondering whether one, two or all of the judges have gone down with the Corona virus? They are all old - well relatively. It is around four months since the hearing. O.K. it is complicated, however the Court of Appeal usually get decisions out in two to three months. It can however take up to six months. God help us, maybe one of the judges has croaked!

[konradpuss] 21/4/2020 08:18

Arthur, the market, as you know, is almost non existent. There is obviously very little free float. I think this is why the large holders/unofficial concert party treat the small shareholder with distain. Let's hope they just take it private after the court result - at a good price mind!

[arthur_lame_stocks] 21/4/2020 07:41

Yes konradpuss I traded them a couple of times buying at around 270 and selling in the mid 300s. I have been watching them again and hoping that they keep falling below 300 so that I can buy in again and then wait for the outcome.

[konradpuss] 21/4/2020 07:18

Arthur, they cannot usually get away with that at an AGM. You might not like what you hear. Hope you made some dosh out of your stock.

[arthur_lame_stocks] 20/4/2020 22:23

I wouldn't have bothered going to the AGM myself, the management don't care about smaller shareholders. I tried contacting them a few times back when I held some and they never once bothered to reply.

[konradpuss] 20/4/2020 20:50

7% sounds great to me. The case 'hand downs' seem to have dried up at the Court of Appeal.

[rjmahan] 20/4/2020 20:08

I wont be going as attendance is forbidden - all we can do is vote by Proxy... It was in 1/4 RNS. Doubt we will get a statement either - one for the patient this.... Still, think of that cash accruing at 7%.

[konradpuss] 19/4/2020 20:36

rj, according to the I.C. the AGM is this Friday. My stock is held by my broker in a nominee account and it takes yonks to get a letter out of them to attend any AGM's. I don't know if they will still hold it. If they do I think I might just go and take a read out of my last holdings statement from my broker. Will you, could you, might you go?

[konradpuss] 13/4/2020 20:34

I wonder what these three Court of Appeal judges are doing? They are all no 'spring chickens' so they should be at home self-isolating. I am hoping they are 'pinging' the draft of their decision back to the Clerk of the Court as I type! Now good or bad let's have it! The losing side will put in an application to ask the Supreme Court to hear the points of appeal in any case as it costs shirt buttons in relation to the sums involved.

[konradpuss] 10/4/2020 18:14

detector, not sure why however I cannot see anything about Assetco. What were they saying?

[rjmahan] 10/4/2020 12:46

Personally I want a liquidation but I dont know what will happen. I tried asking(I forget who) on the board but got nothing. I might go to the AGM next time (if Corona has passed). Sorry I cant be more helpful.