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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avanti Cap. | LSE:AVA | London | Ordinary Share | GB0033869347 | ORD 1P |
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 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/12/2003 14:13 | Just got my notification of holding following most recent reorganisation. They flogged off 70 lose shares at 140p each or so. Now the share price is down 10p as well. No stopping what new lows this one could go to now. Back down to 3p by June I fear. That would be equivalent to 0.003 or so in old money. Happy Christmas Cambury, ECI, VEO, Avanti - another great year of returning shareholder value - | growbag | |
15/12/2003 16:46 | Something's up again c20% of co just changed hands. Whatch for SAR disclosures. | blueblood | |
12/12/2003 14:01 | RNS Number:2079T Avanti Capital PLC 12 December 2003 AVANTI CAPITAL PLC ("Avanti" or the "Company") Results of EGM At the EGM of Avanti held on Friday 12 December 2003, the two ordinary resolutions to reorganise the share capital of the Company, which were set out in the notice of extraordinary general meeting dated 26 November 2003, were duly passed. Enquiries Joint chief executives: Julian Fellerman + 44 20 7770 7070 Richard Kleiner + 44 20 7070 7070 No surprise there then. Now let's see if the share price can start to recover towards starting to value the company at it's cash holding as a minimum. | zedder | |
11/12/2003 01:58 | JPH, Thanks for the offer but I already have an a/c with Comdirect as a back up to Barclays. Whilst Comdirect is easier to move money in and out, the actual site I find a pain to use. I seem to need to long in at least twice, and there is a 50/50 chance that any instruction I give gets a response that the can't process it and to speak to customer services- meaning I need to log out, log in and resubmit the order (since I'm not going to sit on the end of a phone line fot 10 minutes). I was originally with Schwab who have always been good. So far Barclays seems to be fine. | kibtf | |
10/12/2003 17:47 | If I can't get Selftrade to agree that they have to reimburse me the proceeds of the fractional holdings then I might sell them myself, anyway whoever sells them I'll get the same amount. But, are we allowed to trade them tomorrow? I asked Selftrade this afternoon and they said I could.. But will I be able to do it tomorrow, that is the question.. The advantage of getting Selftrade to agree is that if the consolidation is not agreed on 12th, then atleast i hvn't wasted money in selling and commission and I can stay put for some more time. | rajut | |
10/12/2003 17:10 | It sounds like the broker hasn't given you all of the information yet - I am certain they will reimburse amounts above £3 that result from selling fractional holdings into the market. You could contact Avanti, or the Share Registrar - look up web address on Google. | growbag | |
10/12/2003 16:55 | Thnx again Growbag. The email I recieved from Selftrade states that there will be a consolidation and that holders of less than 180 existing shares will not receive any new ordinary shares. It does not talk about giving any proceeds to anyone with fractions.. not even for ppl with Is this information on a policy for fractions during consolidation available from somewhere officially? Like is there a link to a registrar website where they publish this information? Please advise soon and I'll call them again, I don't want them to get an easy ride! Cheers, Raju. | rajut | |
10/12/2003 16:44 | You should receive the cash balance due from the 20 loose shares from the broker who administers your nominee account. Imagine if you had 179 shares, would your broker pocket the share sale, make £240 and not pass it onto you? I would call them if I were you. Only fractions less than £3, I think, will be 'absorbed' by the company - i.e., not passed onto shareholders (2 shares or less). | growbag | |
10/12/2003 16:14 | Growbag, Thnx for the reply. I have a nominee account at Selftrade. Does your reply mean Selftrade is obliged to give me £30 (20 * £1.5, less admin) for the lost 20shares? If yes where can I find official information to show to Selftrade, coz when I called them they said they will be sending a list of nominee holders to the registrar and they will get back a list with the consolidated holdings. Any fractions are basically losses on you. Is that correct? If the answer is no, then I guess I should sell 20 shares now at £1.40 so atleast I get £28 less the commission even if that is only £15 in my pocket, rather me than anyone else! What do you think? Thanks again. | rajut | |
10/12/2003 16:04 | I would imagine that they will be 'relisted' at the current share price - possibly with some small mark-up because there will be slightly fewer shares in circulation. You might get £1.50 per share or £30 for the lose shares - less any commission you are charged by your broker for handling. | growbag | |
10/12/2003 15:37 | Hi All, I hold ONLY 200 shares, small fish u see. I spoke with Selftrade and they said you will get 1 share and then 180. Which means I will be in loss of 20shares. But how much monetory loss I make will depend on the share price when they are relisted. Do you guys think this will be relisted atleast at the same price as todays? Do you think it will be better than todays? I am considering selling 20 or all of the 200 shares... What do u guys think.. Thanks in advance. Raju. | rajut | |
08/12/2003 22:15 | kibtf - no trouble - and I agree with your view of the "may" - suitspeak for not a chance? Although I would have thought they would upset a large number of small investors. That is why I thought I would buy some more - but while I dithered they hiked the offer up. B*gger!!! I fell out with Barclays over a number of issues and moved my sharedealing to Schwab. Just to get back at me, Barclays bought Schwab so I moved again to Comdirect. They pay up to £300 for your transfer fees (or rather reimburse you when you send them the final statement). Or, if I recommend them to you via a link - you get £50 and I get £50 when you do a £500 trade with them. Let me know if you are interested in receiving this link - and good luck with AVA!! JPH | jph | |
08/12/2003 14:50 | This one reminds a bit of Durlacher, clever people with no interest in small shareholders, but either could go up quite a lot if the city vultures pile in - possibly one for my I-can_afford-to-lose | tooredtobleed | |
08/12/2003 11:15 | JPH. Thanks. Haven't received anything from Barclay's yet. The reference to "may" receive a cash payment in lieu of fractions, instead of "will" looks a bit ominous! | kibtf | |
07/12/2003 21:34 | These directors are just a group of investor swindlers. I will keep my personal feelings personal but to say if there was anything I was going to change or consolidate, it would be the combined mental status of all the directors. After such consolidation, it would then be subjected to rigorous testing and finally thrown away, as it is unlikely to make the grade. Never again for such genetically useless stocks with a genetically useless board. | eagbor | |
05/12/2003 15:42 | JPH - lol. I think some nicely wrapped Avanti share certs would be the perfect complement to anyone's christmas hamper. My six year old even asked for some on his letter to santa. bless. | growbag | |
05/12/2003 14:14 | Interesting 5p hike upwards. Any ideas why? | canscott | |
03/12/2003 18:30 | Growbag - is that £3 for the whole of my holding? Oh, and which Christmas? Seriously, I think I will buy some more - 4*180 is 720, less the 100 I have is 620, times current price of 145 is £899, plus 1/2% and £15 amazingly exactly equals the sum I was going to spend on christmas presents, booze, tree, family etc. etc. Will the wife & kids go for it? Should I buy TRT or TRK instead? Or should I have a fun filled, carefree Xmas without running the risk of castration-with-a-bl Please forward your suggestions on AVA share certificates to............ | jph | |
03/12/2003 15:15 | So they take the whole nominee holding and the parent has to divide everything up according to who owns what amount of the nominee shares. So there's no-where to hide then. Oh well. Er - £3 by christmas? | growbag | |
03/12/2003 13:46 | Kibtf - I hold 100 shares in a comdirect nominee account - they have told me the following Terms: SHARE CONSOLIDATION & REORGANISATION. Every 180 existing ordinary shares of 60p will be consolidated into 1 new ordinary share of £108. Then each new ordinary share of £108 will be divided and redesignated into 180 new shares of 60p. Holders of less tha 180 existing shares will not receive any new ordinary shares but may be entitled to a cash payment in lieu of fractions arising from the consolidation. I believe this is financial longhand for "you have been shafted!" Good luck! | jph | |
01/12/2003 11:59 | e mail response from fellerman Dear Mr Owen, Thank you for your email. The reorganisation proposed in the circular is of course subject to the approval of the members of the company at the forthcoming general meeting. The board must at all times look to the interests of the shareholders as a whole. The board has taken into consideration that there may be shareholders who would prefer to retain their stake in Avanti Capital. In view of this, the company has entered into arrangements with WH Ireland to offer a free dealing service for those shareholders who want to take the cash received from the reorganisation and re-invest in the company to take advantages of any future improvements in the share price. Therefore, any shareholder affected by the reorganisation may choose effectively to retain his stake in the company. Yours sincerely Julian Fellerman vote by sending your reply and say no please. i have sold the lot anyway, best of luck to all those left in. | wotsadividend | |
01/12/2003 10:54 | that's a good point kibtf. i think you might be right. nominee holdings only show up as a single shareholder in the register. | growbag |
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