Azure Share Discussion Threads

[dusseldorf] 02/3/2006 17:02

record breaking volume (for the past two years at least), I suspect given the 135% rise the directors may be forced to show their hand

[jmillskeel] 02/3/2006 16:21

need 11.2p lol

[vanhalen] 02/3/2006 12:24

Dusseldorf .... who on earth bought this pap this morning for 0.28p on a 33.33% spread ????

Even in the good old days we weren't that dopey

fair game at 0.22p, but to buy at this spread is ludicrous

[dusseldorf] 02/3/2006 12:18

vanhalen - If some positive new about a reverse does come out it will be time to average down, I already took another 250k at 0.22 yesterday. Still a tad risky, but the recent EGM action is a precursor to reverse aquisition IMO

[vanhalen] 02/3/2006 12:16

Only another 5.95p to go then i break even !!!

[dusseldorf] 02/3/2006 12:10

I doubt a name change will allow the company to avoid the rule, however if they announce they are in discussions with a reverse aquiree than maybe the deadline is waived

[very quick] 02/3/2006 09:10

I believe there may be a loophole, if the company puts in a name change before the deadline they can trade another year under the new company name, I could be wrong but could anyone clarify that?

[very quick] 02/3/2006 09:09

Yes BS.
is also one of mine? LOL?
and so is ACV
Could be a loss on both.

[very quick] 02/3/2006 09:07

Hi guys how is it going here, long time no see?

[jmillskeel] 02/3/2006 07:52

So is it finally time to take that 12.14k loss..if suspend will i lose the cgt losses to use up.

[uknighted] 02/3/2006 07:48

Any reversal has to be completed by end of month or LSE could suspend the share. According to todays Times Business (P48) LSE has identified 50 companies (unnamed) who would qualify to be treated so. Get the feeling the LSE would delight in suspending AZH!!

[dusseldorf] 02/3/2006 07:43

greenchair - If you assume that the swiss investor is not going to throw away £330,000 within the space of two months then the only logical assumption is that a reverse aquisition has been targeted and is in the final stages of negotiation?

[greenchair] 01/3/2006 14:16

Your not tempted again are you dusseldorf?

[dusseldorf] 01/3/2006 10:23

MM's are quoting 0.22p to buy 1m shares which is 2.2% of the total stock in issue.

Market cap at the moment is £90k

The financing is already in place to keep the company going at 0.5p/share via an unnamed swiss investor

[anomalous] 07/2/2006 17:13

And here are the changes to the Core Rules:

Core trading rules

General conduct

Misleading acts, conduct and prohibited practices [3300]

G 3300 A member firm shall not, in respect of its on Exchange business:
3300.1 - 3300.6 ...

Supplementary Guidance
Core trading rules

General conduct
Misleading acts, conduct and prohibited practices [3300]

Order book conduct
3300 ...
Entry and deletion of orders
...
Short selling
Member firms are required to have at all times adequate systems and controls to ensure that their business is being conducted and settled in accordance with the Exchange's rules. These systems should enable member firms to monitor trading positions (long and short), identify stock shortages, settlement delays or backlogs, particularly where these may be attributable to running a substantial short position in a particular security. Member firms are also obliged under rule 3300 not to do any act or engage in any course of conduct which is likely to damage the fairness or integrity of the Exchange's markets, or which might create a false or misleading impression as to the markets or price of a security. Member firms must ensure that when they undertake short selling on a substantial scale, either on their own account or on behalf of clients, they have a clear strategy for ensuring the settlement of their short positions. If member firms believe at any point that they will be unable to fulfil their settlement obligations they should not continue to pursue their short selling strategy.

Short selling on a substantial scale can lead to significant settlement problems, which in turn can result in the Exchange having to issue a market status message warning the market of settlement problems. Where the Exchange issues such a message firms should consider very carefully whether further short selling will exacerbate the situation, in which case member firms should not continue to short sell (unless stock is available to cover any new positions). Member firms should cooperate with the Exchange to ensure timely settlement, including making every effort to settle outstanding unsettled short positions.

[anomalous] 07/2/2006 16:46

7 February 2006

London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Telephone [phone]
www.londonstockexchange.com

For the attention of the chairman/senior partner/compliance officer,all member firms

N01/06

STOCK EXCHANGE NOTICE

NOTIFICATION - SHORT SELLING

1. From time to time high profile cases of short selling and the related settlement issues arise which require the Exchange to intervene in order to ensure the integrity and fairness of its markets, and to resolve the settlement backlog that can adversely affect the ability of investors to exercise their rights of ownership, such as voting their shares.

2. The Exchange will continue to monitor such situations closely and , when necessary, take disciplinary action against any firm which knowingly or recklessly undertakes extreme short selling that undermines the quality and reputation of the Exchange's markets.

3. Member firms are reminded that they should have a clear plan for ensuring that they continue to meet their settlement obligations under the Exchange's rules, in particular the obligation to settle as dealt in accordance with rule 3701, when undertaking a short selling strategy.

4. Where member firms do encounter settlement problems as a result of substantial short selling in a particular security, they must consider whether it is appropriate to alert the Exchange in order that it can take any action (e.g. issue a market status message) that may be necessary to maintain an orderly market and protect the interests of investors.

5. The Exchange is therefore issuing the attached guidance to general conduct rule 3300 to assist member firms in meeting their obligations under the Exchange's rules.

6. Any comments or queries on this Notice should be addressed to John Newbury Trading Services, telephone [phone] (STX 31615) or email [e-mail]. Rulebook update pages reflecting the amended guidance will be issued in due course.

Nick Bayley
Head of Trading Services

This Stock Exchange Notice will be available on the website at

products/membershiptrading/rulesreg/stockexnotices/stockexchangenotices2006htm
Calls to London Stock Exchange plc may be recorded to enable the Exchange to carry out its regulatory responsibilities.

[hyper al] 04/2/2006 21:16

I have only just posted on this thread can someone explain what tis battle is about?

Is this Aussie banks vs Threadneedle and Scottish Widows?

[hyper al] 04/2/2006 21:14

What % does Scottish Widows have in LSE?

[anomalous] 04/2/2006 21:11

Watchdog clears Macquarie bid for London exchange
By Gary Parkinson, City Editor
Published: 04 February 2006
The £1.5bn hostile bid for the London Stock Exchange from the Australian investment bank Macquarie was given the green light by competition watchdogs yesterday.

The Office of Fair Trading said it would not refer the offer to the Competition Commission, removing any potential for a prolonged antitrust inquiry.

The Commission is still in talks with the Paris-based exchange Euronext over the measures it would need to take before any tie-up with the LSE would be allowed.

Euronext, which operates the Paris and Amsterdam exchanges, among others, must trim its stake in the Clearnet securities-clearing business before it can take its ambitions for London further. The OFT referred Euronext and Germany's Deutsche Börse, which was also interested in bidding for the LSE, to the commission last year.

Shareholder pressure forced Deutsche to drop its interest for the time being, and it has since held discussions with Euronext about a merger of equals. Those talks faltered over disagreements such as where any merged group would be headquartered.

Meanwhile, the Financial Services Authority, the City watchdog, is still talking to Macquarie about its regulatory requirements that the LSE must meet. These centre on the amount of cash it must have available to satisfy short-term obligations and the suitability of those running the Exchange.

Should Macquarie, or any owner of the LSE, fail to meet these criteria the FSA could withdraw its official recognition of the bourse and, in effect, prohibit it from trading.

The Exchange and its two major shareholders - Threadneedle and Scottish Widows - have dismissed Macquarie's offer of 580p a share as too mean. They insist London is the natural home for the world's first global exchange and Macquarie is trying to deprive LSE shareholders of the chance to participate in its development.

Shareholders have until 14 February to accept the offer.

The £1.5bn hostile bid for the London Stock Exchange from the Australian investment bank Macquarie was given the green light by competition watchdogs yesterday.

The Office of Fair Trading said it would not refer the offer to the Competition Commission, removing any potential for a prolonged antitrust inquiry.

The Commission is still in talks with the Paris-based exchange Euronext over the measures it would need to take before any tie-up with the LSE would be allowed.

Euronext, which operates the Paris and Amsterdam exchanges, among others, must trim its stake in the Clearnet securities-clearing business before it can take its ambitions for London further. The OFT referred Euronext and Germany's Deutsche Börse, which was also interested in bidding for the LSE, to the commission last year.

Shareholder pressure forced Deutsche to drop its interest for the time being, and it has since held discussions with Euronext about a merger of equals. Those talks faltered over disagreements such as where any merged group would be headquartered.
Meanwhile, the Financial Services Authority, the City watchdog, is still talking to Macquarie about its regulatory requirements that the LSE must meet. These centre on the amount of cash it must have available to satisfy short-term obligations and the suitability of those running the Exchange.

Should Macquarie, or any owner of the LSE, fail to meet these criteria the FSA could withdraw its official recognition of the bourse and, in effect, prohibit it from trading.

The Exchange and its two major shareholders - Threadneedle and Scottish Widows - have dismissed Macquarie's offer of 580p a share as too mean. They insist London is the natural home for the world's first global exchange and Macquarie is trying to deprive LSE shareholders of the chance to participate in its development.

Shareholders have until 14 February to accept the offer.

[dusseldorf] 30/1/2006 09:42

I guess a reverse aquisition will occur within the next 2 months - lets hope they have something good up their sleeves to get me my 1.22p back ;)

[Abuse team] 22/1/2006 14:10

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[uknighted] 11/1/2006 14:23

Result of EGM For immediate release 11 January 2006 Azure Holdings Plc ("Azure" or the "Company") Result of EGM At an extraordinary general meeting of the Company held yesterday, allresolutions were duly passed. The EGM was convened in order to give thedirectors authority to allot shares pursuant to sections 80 and 89 of theCompanies Act 1985. The primary purpose was to provide the directors of theCompany with the necessary authorities to enable Mr Roger Taylor, a Swiss basedprivate investor, to subscribe for £330,000 nominal of convertible unsecuredloan stock ("CULS"), convertible into 66,000,000 new ordinary shares in thecapital of the Company. Existing ordinary shareholders were also provided withthe opportunity to subscribe for up to £100,000 nominal of CULS on the sameterms.The Company has received an application for £330,000 nominal of CULS from MrTaylor. In addition, applications were received from existing ordinaryshareholders for £15,000 nominal of CULS.The CULS are convertible on the basis of 200 new ordinary shares in Azure forevery £1 nominal of CULS, repayable on 31 December 2006 and may be converted inthe following circumstances: * the CULS holder has served a conversion notice; or * a reverse takeover, as defined by the AIM rules, occurs; and * the Panel on Takeovers and Mergers has granted a waiver of the obligation under rule 9 of the City Code on Takeovers and Mergers which may arise following conversion of the CULS and that waiver has been approved by a vote of independent shareholders in general meeting; and * the CULS are converted in tranches of £1,000 nominal. Enquiries:Azure Holdings PlcNicolas Greenstone 020 7258 5140John East & Partners LimitedJohn East 020 7628 2200END

[dusseldorf] 11/1/2006 13:27

Reverse aquisition ahoy, I still hold these LOL

[anomalous] 06/1/2006 00:47

The AIM and LSE have had their warning and ignored us. Now the fun begins........

[Abuse team] 06/1/2006 00:46

Post removed by ADVFN