We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cattles | CTT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.88 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.88 | 6.88 |
| Top Posts |
|---|
Posted at 01/9/2016 11:43 by joe say Paltry - given the losses borne by investors |
Posted at 30/11/2010 09:10 by maxk Cattles investors reach pay-out agreementInvestors in Cattles have reached a deal with the troubled door-to-door lender nearly 20 months after its shares were suspended with the relevation of an accountancy scandal. By Harry Wilson 7:00AM GMT 30 Nov 2010 Shareholders will receive a total of £5.3m from Cattles, while bondholders will get as much as £49m as part of a restructuring deal that will put the business under the control of its lending banks. Under the terms of a provisional agreement, shareholders will receive 1p for every share they owned, while bond investors will get a payout worth 6.5p out of every £1 of debt they held. Cattles shares were suspended in April 2009 at 6.88p, having traded at more than 200p in the summer of 2008. |
Posted at 23/10/2010 10:47 by w.bramley The only benefit shareholders are likely to get is to use it as a tax loss for any investor who has a C.Gain over the allowance. |
Posted at 12/8/2009 08:57 by badhshah Its on their website.They said that the banks through their advisers offered them written support even after the bondholders' ' acceleration notice.' They also made it clear that if compay fails to get standstill deal then it will appoint receivers or administrators. They also mentioned the rules and regulations of rights issue which took place last April, and that if those investors who invested in the rights issue believe that if the company has broken any of the rules then they can sue it for the violation of the rules of the rights issue. So I believe £200m which were raised for the purpose of banking licence are kept aside just for that reason and when the company is back to secure footing, it is going to apply for the banking licence again. I can see the company's future towards this direction. |
Posted at 07/8/2009 09:15 by badhshah How could you all miss this information taken from the mouth of the horse. Read it guys. It is from the company's website:..Frequently asked questions Click on the appropriate question below to view the answer. When is the current share suspension likely to end? When will shares start trading again? At this stage we are not able to say when the shares will be re-listed. Before this could happen we would have to meet the requirement of the Stock Exchange listing rules to get our 2008 accounts audited and signed off. We are not in a position to say how long this will take. Once the shares are relisted what will be the current price of your shares - 1p or 6.88p? We cannot say what value the shares will have when the suspension is lifted because we simply do not know nor does anyone else. The value will be determined by the market's perception of the company at the time when the suspension is lifted. .How are the negotiations with the banks progressing? On 15th July, we announced that all of the lenders under our £500 million syndicated banking facility had agreed to extend the facility maturity from 14 July 2009 to 31 December 2009. .When will copies of the latest Report and Accounts be available? We cannot give a definitive timescale or date. There is a substantial amount of work to be done before that can happen including agreement with our banks, notes and bondholders on a financial restructuring. .When will Cattles be able to provide its 2008 Results? We cannot give a definitive timescale or date. There is a substantial amount of work to be done before that can happen including agreement with our banks, notes and bondholders on a financial restructuring. .Can you provide more information to investors? We have tried to be as open and honest as possible, announcing important developments as soon as we are able to do so. .Has the company ceased trading/ gone bust? The Group and all our companies are still trading, although the focus continues to be on working closely with our debt providers to secure their support to stabilise our financial position. .What would be the notification period prior to the lifting of the suspension? There is no "statutory" prior notice period to the restoration of a company's shares. The UKLA and/or Cattles would issue a notification at the time that the suspension is lifted. .Has Cattles has paid interest on its borrowings to the banks in calendar year 2009? Yes, we continue to pay interest to banks as it falls due. .Given the current circumstances will there be a dividend for 2009? In light of the company's recent financial performance and current financial circumstances, it will not be possible to pay a dividend for 2009. .When will you be renewing your application for a banking licence? At the current time, there are no plans to resubmit our banking licence application |
Posted at 14/5/2009 13:55 by demark everybody is talking about tomorrow 15th may a news date. the reason being that ctt's financial calendar in their website, had the following time table. Included in the time table was 15 may agm and interim mgt statement date.dyor DEMARK - 25 Apr'09 - 09:02 - 3341 of 3521 edit i hold 56k in ctt with my lloyds a/c. my ctt holdings with e-trade, they forced me to close my position day before ctt was suspended. i am pretty relaxed with ctt's mgt as rns clearly stated .....to protect investors........ i know guardian reporter questioned the validity of ctt's statement in relation to ..........to protect investors........... as their agm will be on 15 may, could we expect something before that. only time will tell. the bottom line is that nothing anybody can do now apart from waiting. good luck. dyor i lifted off the following from this link. Financial calendar 2009 Expected dates Preliminary results announcement 26 February 2009 Annual General Meeting 15 May 2009 Interim management statement 15 May 2009 Interim results announcement 27 August 2009 Interim management statement 29 October 2009 |
Posted at 04/12/2008 09:44 by quepassa There could be multiple reasons which are putting lenders off or affecting their appetite, one way or the other, to lend to Cattles as evidenced by the recent £100m fund-raising failure.However, the recent decision by Fitch Ratings on 20th November to revise Cattles' Long and Short Credit Outlook to RATING WATCH NEGATIVE is potentially in my view EXTREMELY bad news for the Company. Let's just be quite certain what these ratings mean. Cattles are currently BBB Long-term rated and F3 Short-Term rated both with an OUTLOOK of RATING WATCH NEGATIVE. IF - and I must stress that is only an if as it has not yet happenned- Cattles Short term F3 rating were downgraded by Fitch by just one notch( as can happen once a company is put on Ratings Watch Negative) the company would no longer have short-term INVESTMENT GRADE status in the markets and would fall to SPECULATIVE status - which some market participants also refer to as JUNK status. The next category down from Short-term F3 with an Outlook of RATING NEGATIVE WATCH is Short-term B. The Fitch definition of Short-term B status is:- "Speculative. Minimal capacity for timely payment of financial commitments, plus vulnerability to near term adverse changes in financial and economic conditions." Also, what does Fitch mean when they put a company RATINGS WATCH?. The Fitch definition of this is:- "Rating Watch: Ratings are placed on Rating Watch to notify investors that there is a reasonable probability of a rating change and the likely direction of such change. These are designated as "Positive", indicating a potential upgrade, "Negative", for a potential downgrade, or "Evolving", if ratings may be raised, lowered or maintained. Rating Watch is typically resolved over a relatively short period." These recently imposed Outlooks by Fitch to RATING NEGATIVE WATCH, potentially have damaging consequences for the company in the current general financial crisis. Many investors in the market place have internal guidelines for the quality of paper they can invest in. Many investors are "investment grade" investors only (including some banks in the wholesale lending markets) and Cattles, having just been placed on Outlook with Ratings Watch Negative are now approaching the cut-off point at which certain investors would no longer continue to be prepared to invest in paper carrying these ratings. Equally, credit committees in wholesale banks, perhaps some in the £500m July 2009 lending syndicate, may well in my view be spooked by the recent imposition of a Rating Watch Negative by Fitch and may or may not therefore be even more circumspect about renewing/rolling-ove Do not also forget that Cattles attempted recently to raise £100m in Q4 of new debt funding and this flopped. If they failed on £100m, one must ask oneself what sort of a marker this throws down for needing to raise five times that amount, £500 million, in the coming months to refinance. Against the back-drop of this recent fund-raising flop and a ratings Outlook revision to Ratings Watch Negative by Fitch as described above, this cannot in my view only do anything other than make Cattles' refinancing discussions with their syndicate more challenging. The second question is what impact if any this may or may not have on Cattles' application for The Banking License. We know that Cattles say they are on track with submitting their application. But I personally can trace nothing direct from the regulators about the current status of Cattles' application - and it has been going on for around nine months now. I can but believe that the regulatory bank licensing authorities will have to -ESPECIALLY in this environment- pay very close scrutiny to Cattles' WHOLESALE funding strategy as part of the application procedures. This is now looking challenging with the recent £100m fund-raising flop and the looming £1/2 billion bank syndicate refinancing against a recent decision by Fitch to RATING WATCH NEGATIVE. I just don't see , in my view only and somewhat at odds with Fitch's views, how the issues surrounding the £500m refinancing can be ignored or put out of the equation by the regulators in considering the granting or otherwise of a bank licence. Surely, the regulatory authorities would require to see a great deal of ROBUSTNESS in the maturity profile of a medium-term wholesale funding book for a potential new bank which it was considering licensing before it would let such an entity loose on the retail deposit market. And in my view only, that robustness of funding is just not there. For two reasons, 1) that £500m is due for refinancing in such a relatively if not uncomfortably short space of time and 2) that the general availability of and appetite for wholesale lending by City banks is severely reduced, which can only have been exacerbated in the case of Cattles by Cattles recently being placed on RATING WATCH NEGATIVE OUTLOOK. I believe also in my view only that many existing lenders to Cattles will be watching with great interest to see the outcome of the banking license application-and indeed for developments on Cattles' credit ratings- BEFORE making decisions on whether to renew lines/facilities/com It seems to me potentially to be very much a Catch-22 situation with perhaps the licensing authorities wanting/needing in my view to see solid and robust medium-term funding in place whilst the wholesale lenders want perhaps to see the outcome of the licensing application by Cattles before renewing commitments. But what I am coming round to believe is that it is increasingly unlikely in my view only that a license would be forthcoming PRIOR to the wholesale medium-term funding book being sorted out and put on a robust footing and/or the £500m syndicated facility having been refinanced. - And that task is not without its challenges. ALL IMO. DYOR. QP |
Posted at 28/10/2008 21:19 by joan of arc As an aside support the Kill the Spread campaign. It is in all our interests!!See below :- www.killthespread.co October 2008 (2) Dear Supporter, We wrote to you earlier this month with details of the Kill the Spread campaign objectives - since then word has really started to spread! Below are the links to the latest news and articles written about the campaign over the last two months. Were you aware that the London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets?? Change we need.....so what's next? Since we last wrote to you, we have been approached by several brokers, wanting to know more about the Campaign and offering their assistance! We were very encouraged by this it's comforting to know we aren't the only ones complaining about the AIM and its Market Maker system. It's killing their business too! We have learned a lot from their perspective on the way the AIM works and have now started discussions on some interesting initiatives including: 1/ Ways of creating an alternative Broker account for AIM shares, which could effectively cross stock between buyers and sellers, bypassing Market Makers and avoiding spreads. 2/ Creating a "ring-fenced" nominee account, offering guarantees to shareholders that their stock will not be loaned in the Market to cover short selling. We think these could be very compelling propositions for Investors and any views or feedback you could give us on this would be very helpful; info@killthespread.c We are also discussing ways forward to achieve the big systemic changes we are looking for with Direct Market Access, and we hope to be able to update you shortly with some very interesting developments. We are finding that there is a willingness to listen to the voice of the Private Investor, but to turn these initiatives into constructive measures, we need to prove we have sufficient numbers behind the Campaign.......... and this is where you come in! Hitting those Numbers! At this crucial stage your support is essential and we are now asking you to make a really big effort on behalf of Kill the Spread..... As a growing grass roots movement, we are now being taken seriously. We want our demands to be implemented as soon as possible and the only way we can ensure this happens is to prove beyond questionable doubt that a significant number of Private Investors are totally dissatisfied with the way the AIM market currently operates and are demanding change. In simple terms - we need to get the numbers up - and fast! 5,000 supporters = ACTION! Our target is to get to up to 5,000 supporters. We're getting there but we need to get there quicker!! We are currently up to just over 1,300 supporters on the Poll - so there is still a way to go. We are getting publicity but we really need the word to spread......So please, make sure you tell as many Investors you know about Kill the Spread. You can spread the word in the many ways: Talk to others Investors about the campaign Post a link to the site on your Blogs Post a link to the site on Bulletin-boards, Tell people in you Share Club/Investor Group Tell Everyone!! Ask people to sign up at the website and get them to complete the on-line poll it won't cost you anything and will only take a few minutes of your time. Help give us a real push and remember if every supporter brings in just 3 new supporters - our numbers will quadruple!! We are now on the brink of making a real difference for all Small Cap Investors - so a big push for more supporters right now is just what we need! Thank you once again for supporting Kill the Spread with your support change really is possible! Kind regards Campaign Coordinator Kill The Spread www.killthespread.co info@killthespread.c Please email us at info@killthespread.c Recent News: The London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets Great Article by Tom Bulford another mention from Dominic Frisby (mention is at the end of this article) |
Posted at 09/10/2008 10:10 by quepassa But I think you have argued against yourself here and proved my point.The perception is that the explicit guarantee by The Republic of Ireland is excellent ( rightly or wrongly - that's another debate) and that is why money has flooded in to Irish banks. It is not so much higher deposit rates which has caused this but because investors wanted HIGH SECURITY and A SAFE HAVEN for their deposits which many investors believe is offered by the Irish State guarantee. That's why they took money out of UK banks and building societies because they wanted the perceived caste-iron safety of the Irish guarantee . I don't think that most investors are rate tarts. Some are but I would guess that is far by the minority. But Joe Public is becoming more aware of putting their cash in a safe place. Irrespective of the then £35k depositors' guarantee scheme, this did not stop the run on Northern Rock by small ticket investors who had less than £35k and were therefore fully covered. Why did they take their money out if they were guaranteed? My view is that Cattles, merely by dint of being a subprime lender, will carry that stigma and will not in this climate find it can so readily attract the volume of deposits it wants, even if it offers high depo rates and in spite of the £50k guaratee which investors will benefit from if cattles is awarded that banking license. Even if Cattles gets the banking License ( and that remains a yet to be answered question ) I believe that raising retail deposits will be much more of a task than than their advisors have perhaps suggested in the past. All IMO. DYOR. QP |
Posted at 05/8/2008 08:28 by quepassa Two points:-1. It remains a major conundrum in modern day investment with the plethora of new instruments and derivatives that many so-called experienced investors are still prepared only to make investments on the view that shares prices can only rise. Yet the same experienced investors cannot make the mental leap and get their minds round the fact that share prices can fall AND BACK THEIR VIEW IN THE SAME WAY. People call it shorting,ramping going short, going long or whatever current jargon you wish to choose. But de facto it is investing. Investing that a share price goes up or investing that a share price falls. Yet to some, the concept of TAKING A VIEW or MAKING AN INVESTMENT on the basis that a share price can fall is wholly alien, unacceptable and unfathomable. They do not understand it. This lack of understanding causes them perhaps to mistrust, distrust and think of legitimately capturing value by the fall in value of a share is in some way perverse or evil. This is clearly nonsense. Because they cannot bring themselves to act on a view that a share might fall, they believe that any modern-day investor who will is inherently bad for the market or a wrong-doer. Yet the instruments are all there. CFD's, options, warrants and spread-trading. All the various financial regulators consider these to be wholly legitimate ways of investing, adding depth and liquidity to the markets. This is well-documented. To the extent that investors have a view that a share will rise, they may buy it. But many, many traditional investors with the same conviction that a share price will fall, would never apply the same logic and invest in that conviction to capture the fall in value of a share. 2. In terms of hurting, well I hope that everybody does well all the time and no-one hurts ever. However, the following cannot be ignored. The man who held £10,000 in Cattles in January 2007 would now find that his holding is now worth £2,890 in round terms, meaning a whopping capital loss on paper of 71% or £7,100. The investor who sold forward Cattles on a spread-trade at £22per point ( equiv to a physical holding of £10,000) would now be sitting on a profit of £7,100. Even with the recent bounce from 95p to 130p, it would be obvious - even to Rocherbie- which investor was hurting most. Presumably most of the active investors who called the share price movement right since 2007 have cashed in and are now sunning themselves over the holiday period in 5-star resorts in The Caribbean on the proceeds. In terms of comments drying up, well a second thread was created here which djderry requested was purely a rampers' thread. This seems to me rather to miss the point of a well-rounded bulletin-board discussion as it discourages differing market views and becomes rather dreary, self-serving, wholly one-sided with everybody hearing what they want to hear without listening to the other view, however much they might not like the view. All imo. DYOR QP |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
