Beacon Hill Share Discussion Threads

[bossman1978] 19/1/2015 13:08

What is the hope that the administration firm will do here? It seems to me we have all lost our hard earned cash to a bunch of useless directors.

[oliversanvil] 19/1/2015 08:32

Unrest at Jindal in Tete ] The strikers complain that when they attempt to negotiate wage grievances with the management, they are told that they should be thankful with what they are offered. Who authorized such high salaries for BHR BODS in times of recession and austerity in a third world country? Honourable people would make salary sacrifices in the interests of the company and keep their jobs.Greed got the better here UNDERMINING the share price to administration

[librag] 17/1/2015 11:28

OliversAnvil; it's a useless generic answer. You've got to give them specifics otherwise they'll file your complaint in the bin. See SAG site for details.
Regards,

[oliversanvil] 17/1/2015 09:22

Thank you for your e-mail below regarding Beacon Hill Resources plc ("the Company").

As you may already know, AIM Regulation is the department within London Stock Exchange that is responsible for the regulation of AIM. We can assure you that AIM Regulation investigates all complaints made as regards the conduct of AIM Companies and Nominated Advisers in respect of their compliance with the AIM Rules for Companies ("AIM Rules") and for Nominated Advisers ("Nomad Rules") and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules.

If you have specific concerns regarding the Company, we would be grateful if you would provide relevant details for our consideration.

Thank you for bringing your concerns to our attention.

Kind regards

AI

[oliversanvil] 16/1/2015 22:44

Travis are you saying the English legal system is a waste of time ? Wake up laddie! In fact this will open up the can of worms including ALready corrupt lawyers ! We are not children who have been fed sugar candy RNS's! We are investors that have been led by what seems a scheming management .Most of us shareholders are pensioners including myself. This is a Robert Maxwell type scenario again!

[oliversanvil] 16/1/2015 22:35

Is Jeffrey Archer anywhere in this loop?

[katie1234] 15/1/2015 20:58

Hi Ridicule - Thanks for your offer re. emails, please can you send your contact details to [e-mail] and when our plans have been sorted following contact with the Administrators, we will get in touch.

[katylied] 15/1/2015 20:18

ridicule - I am not involved with the Action Group. I merely have a morbid interest in BHR dating back to Lewis's days, in what has been a long, dishonest, drawn out slow car crash. I suggest you head over to the AG web-site and make clear your offer (e:mails) there. Any paper-trail (albeit electronic) could yet prove useful...

[redbike_lse] 15/1/2015 18:45

I think many have fallen foul of the same thing, me including and that's looking at the RNS's and everytime jam tomorrow.
On paper if you didn't know the share price with the figures being banded around looks great, its crunch time now to see if those figures are correct.
The less said about BHR and MML the better, good to see them adding shareholder value. on a positive note administration is the first thing they ever noted and actually delivered, could be good to have on the CV on a very short list of achievements.

[ridicule] 15/1/2015 18:16

KatyLied and others who concerned. I was left holding circa 2m shares and have lost £75k. It seems to me that Darwin as a shareholder and other IIs will make a rights issue difficult if not impossible for the Administrators to agree, What we need is an offer to purchase, but for that to be credible, we need a management team capable of running the rescued company. The sheer costs of arranging all this before a purchase could be agreed would need an underwriter to support it. Were it possible, I would certainly consider paying £10k to rescue my lost £75k but the plan and prospectus would have to be bullet proof.

At the AGM in 2013 when I raised my concerns over Darwin, Farr-Jones unequivocally stated that Darwin were seen as bridging loan, never to be triggered because the senior debt was in the pipeline. I also have a chain of e-mails between he and I clearly indicating that the Darwin tranche 2 was not planned for drawdown and was, therefore, a non-issue even though the window of conditions it contained appeared to have been breached which was the cause of my concern. This assurance resulted in me ploughing yet more money in to average down. There is a 'no copy'. caveat on these e-mails, but I still have them and would be prepared to make them available as evidence to a regulator or class action group via my solicitor. I have little hope of recovering my money although I applaud what others are trying to do.

[librag] 15/1/2015 13:45

targa; I appreciate that.
Nevertheless, if our SAG rights issue is to be feasible we need to know how much money should be raised. If it's impossible then let's just accept that and move on.
We have 2 routes ....
1. rights issue if admininstrators agree.
2. pursuing the accountants and/or directors for misrepresenting assets.

It seems to me we should do both, but at what cost? It would be nice to have at least a ballpark figure.

[targatarga] 15/1/2015 13:14

Libra - think you'll find unless you know true facts about the company the administrators will just say the board were acting in your [their] best interest. imho

[librag] 15/1/2015 12:03

re. rights issue proposed by SAG.
Does anyone have any idea how much will need to be raised?
how much would we pay per share currently held?

I've tried to do the calcs. and might have got something wrong as the numbers I get are truly frightening.

[oliversanvil] 15/1/2015 08:05

.We will continue to focus our efforts on recovery of the company’s assets for the benefit of the shareholders Momentum for justice building up!

[librag] 14/1/2015 10:56

Would you let me know where and when please?

[bckttsim] 13/1/2015 22:23

Taken from LSEAction Group starts talking to administrators !They have been appointed by BHR as insolvency practitioners, they will either prove to be impartial or risk being voted out by us. The largest debtor, (Vitol), or a collection of debtors, (i.e.us) can remove them and re-appoint new administrators by a vote. My feeling would be they will act impartially given they know investigations of management are pending and a class action is in the wings. They will not risk the professional reputation of their company to save a couple of chancers from the guillotine. why would they.. !! We have furnished them with all information relating to management / auditor and nomad decisions.Even the hairdresser should be able to figure out he's a patsy.. !!Having just opened e-mails we have been invited to an initial meeting with the administrators on either Friday this week or Monday next. It would be good if we can widen out the action group to ensure democracy prevails amongst us, as has been previously requested. Representatives from the action group will attend but it would be highly desired if a long term holder / somebody who can bring something to the party is prepared to join the meeting, the only caveat being; Jones and Karstel, don't bother applying we think you have done enough.. The initial response we have from the administrators seems conducive to work with us. ;+)

[oliversanvil] 13/1/2015 19:53

Dropped Bucket!

[tr4v2] 13/1/2015 19:46

lol, skiddy is losing on afren, it's hilarious.

So he was in BHR - now bust
He's in trp - going down the bog.
He's in afren, which is ill soon to be on life support
He's in VOG, another pile of dung.

He buys into some garbage.


lmfao

[oliversanvil] 13/1/2015 18:42

Class Actions
Browse > Home > Class Actions
class action group people

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We have helped to pioneer advance Costs sharing Orders and our firm is reported in a leading case in this area. We have acted for a very large group of Investors in Split Capital Investment Trusts and on behalf of shareholders in a company which went into receivership. We have previously acted on behalf of large groups of shareholders in other collapsed companies and obtained successful settlements on their behalf.

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Little do they know that they have stirred a Hornets nest.

[katylied] 13/1/2015 16:58

A small point cjl2112, but the 'joint administrators' of BHR are = "Graham Bushby and Phillip Sykes of Baker Tilly Restructuring and Recovery LLP, 25 Farringdon Street, London EC4A 4AB". Whereas Strand Hanson were the most recent (only for a few weeks) BHR Nomad, who resigned yesterday. I would imagine that Strand Hanson have been very busy with the paper shredder today... :o)

[puphead] 13/1/2015 16:56

@cjl2112 Strand Hanson is not their administrator!!!