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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cattles | LSE:CTT | London | Ordinary Share | GB0001803666 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.88 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
17/12/2009 11:25 | cheerio djderry. dream on you crazy dude QP | quepassa | |
17/12/2009 10:05 | Yes - I pay "short interest" whilst I wait, which is why I'm willing to give someone a k for worthless shares just to get out of it early. The advantage to the person long is that they get to realise the tax loss in the current tax year, instead of an indeterminate number of years hence. Ironically that means the deal's potentially worth more to them than it is to me, if the loss they make is large and they have sufficient gains to offset. Of course, they're taking the chance that Cattles don't actually turn out to be worth something one day (to which I can only add "lol"); I'm taking the chance that they're not declared at nil much sooner than the 2-3 years it's going to take them to run down the loan book, in which case I'm out at 0p instead of giving up a k. (Similar post-suspension trades went through in May). | astockham | |
17/12/2009 09:42 | So you can't close your short unless someone provides you some shares? Does that mean you lose out whilst you wait? | smurfy2001 | |
17/12/2009 07:36 | Mattjos - agreed with that. If anyone's looking to take the tax loss on 500k shares, I've got a short I'd happily close out at 0.25p, just to be rid of it. AFAIK the only way you can trade a share in suspension is vs a short. I only want to close against exactly 500k shares though, and this isn't an "offer" - drop me an email if interested. | astockham | |
17/12/2009 01:28 | I think all those employees should go on strike here who are loosing money due to loss of the value of shares. | badhshah | |
16/12/2009 22:54 | you can be sure they were not happy at the thought of widing up the business, as requested at the meeting today ... why be in such a hurry when they are angling for a 2 year run-off on Welcome .. plenty of salaries to be collected yet if they play their cards right. As per .. employees, creditors and shareholders get zero .. the directors live on to plunder again elsewhere & the accountants/auditors remain their partners-in-crime by ratifyig their actions in the accounts. only saving grace for the shareholders is the tax-loss .. whenever that may be allowed. as djd posted .. my thoughts are with the ex-employees. | mattjos | |
16/12/2009 21:27 | I guess they were not really a buy @ 268p then lol | ed the business | |
16/12/2009 21:23 | You are a true Gent. Good luck to you. | ed the business | |
16/12/2009 21:16 | A sad day for shareholders.My own losses are just less than 100k euro.An expensive lesson.My thoughts are with me but also the many staff who have and will lose their jobs.I'll take advice on possible legal action,but,realistic Finally,no one died and I live to invest another day.Best wishes. | djderry | |
16/12/2009 16:08 | if they dont gv us nathing then they dont hv rite to stay on market coz they keep us money so definetly big sher holder will take same action | subh4n | |
16/12/2009 16:05 | yah but was it big sherholder not taking any action on that r what? they will gng to take action on it i thing | subh4n | |
16/12/2009 14:30 | SpectoAcc Agree - had a similar situation with an Australian stock - went on for years, finally all the value was used for legal fees, shareholders ended up with nothing. | w.bramley | |
16/12/2009 14:07 | "Shareholders in Cattles have now formed an action group and appointed law firm Edwin Coe to consider their position over the share value plummet after the company discovered the errors in its accounts. Partner David Greene has written to shareholders and said there has been a "marked response" from people expressing an interest in joining the Cattles Shareholders' Association." Fwiw. Thowing good money after bad I fear. | spectoacc | |
16/12/2009 14:03 | so that mean we all sher ppl we can make cash against to the ctt coz they cant open use other name n start again | subh4n | |
16/12/2009 13:19 | From the DJN headlines, seems someone's kicking up a ruckus at the EGM, threatening to sue the Board and have a vote to kick them all off. Glad someone's being vocal, but far too little, far too late, and can't see it helps the "no tax loss to realise for years" problem. TBH the writing was on the wall for CTT some time ago, but do feel for anyone who got suckered into that rights issue on inaccurate information. | spectoacc | |
16/12/2009 13:16 | Well that's goodbye to over £20k of my money!! | oniabsta | |
16/12/2009 11:07 | Yes subh4n; but the point is, whilst the co is effectively in "rundown" and the banks/bondholders argue through the courts about who gets to pick over the carcass first, the shareholders are left in limbo, unable even to set the loss against tax. Will post if Cattles get round to replying to my email. | spectoacc | |
16/12/2009 11:06 | Nothing! All the talk of Cattles becoming a bank and issuing new stock in a rights issue when they knew the true situation should be classed as criminal. Will anyone be taken to task? I doubt it, they will continue milking the company to the very end! Then move elsewhere to start again. | optomistic | |
16/12/2009 10:48 | so that means is no velue of the n we dont get nathing m i right? | subh4n | |
16/12/2009 09:52 | FFS "2-3 years"! Emailed Cattles to ask when exactly they'll allow us to take the tax loss, but of course no reply as yet. Pretty pathetic RNS - tell us something new! "Cattles plc 16 December 2009 Cattles plc General Meeting Update At the General Meeting of Cattles plc (the "Company"), called today to consider the Company's serious loss of capital and the actions taken by the Board, the Executive Chairman of Cattles plc, Margaret Young, will make the following statement: "The Board of Cattles plc announced on 25 November 2009 that it had agreed a Standstill and Equalisation Agreement (SEA) with its key financial creditors, and that this should improve the likelihood of Cattles achieving its restructuring objectives. Since the SEA announcement, we have met with representatives of our financial creditors to update them on our recent financial performance and to review with them a range of strategic options. These meetings followed extensive strategic, operational and financial analysis of our Group's businesses. Based on this analysis and against the background of the significant losses incurred to date by Welcome Finance ("Welcome"), the Group's principal business, we were unable to recommend a business plan to our financial creditors which would allow Welcome to lend to existing or new customers. The Board has therefore recommended a plan which will focus on collecting out Welcome's customer loans. It is envisaged that the collection of the Welcome loan book could take two to three years and, during this period, the Group's cost base will contract to reflect the reducing size of the book. The Group's smaller businesses, Shopacheck and The Lewis Group, will continue to trade as normal. The Board is still exploring the scope to develop these businesses further. The shares in Cattles plc were suspended on 23 April. The Board requested a suspension when it became clear that we would not be in a position to fulfil our reporting obligations as a quoted company. At the time of the share suspension, the revelation of the Group's serious problems had already reduced the share price to a nominal level. [Edit: the shareprice may have been nominal at 7p, but that was still valuing the co at £35m!!] The shares will remain suspended until further notice while the Board continues to work towards agreeing a restructuring with the Group's financial creditors. The Board indicated to shareholders at the AGM on 29 July 2009 that the size of the under-impairment in 2008 and earlier years was such that it would be very difficult to recover value for shareholders. The prospects for any such recovery have further diminished in the absence of a viable plan to rebuild the Welcome business. [Edit: so they did, but how does telling us again help us?] Shareholders should therefore be aware that, in view of this and of the now substantial negative value of shareholders funds, the shares are likely to have little or no value." [Edit: so go to hell, we've no intention of sorting out the situation with the shares earlier, and allowing you to take the tax loss?] | spectoacc | |
14/12/2009 12:38 | If the meeting on Wednesday doesn't produce any joy, I've got a short I'd happily close out at 0.5p, just to be rid of it. Rather not be stuck in it for another 18 months+ so don't mind not waiting for zero. I only want to close against exactly 500k shares though, and this isn't an "offer" - drop me an email if interested in getting shot of 500k at 0.5p and booking the tax loss. | astockham | |
12/12/2009 17:16 | Alistair4444, Thank you for your thought provoking diatribe. Early Retirement, thank you for your insightful comment. Alistair4444, I rest my case. Time taken 46 seconds. | rfinance |
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