Share Name Share Symbol Market Type Share ISIN Share Description
Cellcast Plc LSE:CLTV London Ordinary Share GB00B0GWFM68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.75p 3.50p 4.00p 3.75p 3.75p 3.75p 2,550 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 12.1 0.7 0.8 4.7 2.91

Cellcast Share Discussion Threads

Showing 7251 to 7273 of 7275 messages
Chat Pages: 291  290  289  288  287  286  285  284  283  282  281  280  Older
DateSubjectAuthorDiscuss
07/12/2017
20:56
porkie pies in 1 RNS imo Sept. 'requested the funds back after Lexinta said it was selling the assets in the fund' while the web blog , via link posted by someone, mentioned legal action against Lexinta back in spring 2017, months before, by clients that didnt get their money back. Which I am 100% sure that CLTV would have known about, partly since Atlas ( big hlder in CLTV) has also invested money in Lexinta...ie. appears like everyone knows everyone...in small club....so they will/would communicate & share important news like legal action vs Lexinta. --- & what micro fund mngr ever liquidates assets in a fund !! knowing that clients will want their cash back & then the fund mgr doesnt get 1-2% of assets as yearly income...so cant pay wages !!..fund mngr try to increase AUM rather than reduce them. imo ---- no money received after numerous weeks & clearly no proof provided to say that UBS has 70% ( or 100% !!) of the clients' funds after selling the shares held by Lexinta....or that proof would be quoted so...surely it appears that all the money is lost !?
smithie6
07/12/2017
20:36
many good pts. & yes, looks like profitable H2 but for me an annual result at around breakeven or just above is a let down after the previous 2 years..where profits were higher.. & if a 200k pay off to departed MD...& then 700k loss from Lexinta....then the nos. & nett cash left dont look so good ---- "Bizarre behaviour when cash should be so sacred to such a micro business" (esp. if recall the challenging trading in last few yrs which forced hard cost cutting incl. moving to new cheaper rent premises in Milton Keynes X miles from prev. location in London....so moving cash away/out of the co. seemed very strange; since at moment the cash might have been needed to pay wages or rent, eg. due a debtor going bust or failing to pay (& accounts show that is very common) although it wasnt)
smithie6
07/12/2017
13:21
Interesting though is that they expect to make a full year profit. Even if this is £5k, it not only reverses the £145k loss in the first six months, it suggests a minimum current run rate profit at least of £300k. This is the first time since I held these shares (a long time), that they have made this level of profit. Remember this is the minimum they should be making. If perhaps they report £100k of full year, it means the 2nd half generate £245K or an annualised £490k. The current Market Cap is just £3m. Add in the potential new activity such as the further development of the lottery services, then perhaps CLTV has finally been able to deliver a going concern and beyond a growing business. However, an bunch of morons for losing £500k of our money on some spiv investment scheme. Bizarre behaviours particularly when cash should be so sacred to such a micro business. We did not invest for the Board to think they were running a hedge fund. The cash should have stayed in the bank! Barry
barryendean
07/12/2017
13:05
Well said Smithie - good work again. Investing in a fund by someone called Bismark was always going to be risky! What does the FD THINK ABOUT THIS DECISION? And his position? Pleased to see the business is profitable again. But the bad news has cost us a great deal of money!
philjeans
07/12/2017
12:52
and imho the co- founder Folliett should be removed from the bod the conduct of the 2 co. founders has imo not been good enough and a bod and company without them is needed after many years they have never paid a divi..yet they have benefitted very nicely themselves via high pay & benefits.. & this probable loss of 700k cash should be the final straw I assume that departed MD gets 1 year salary pay off. Folliett joined bod & from day 1 I assume he qualifies for same 1 year pay off ! co. works for shareholders or to siphon out hundreds of thousands of company money to the 2 founders ? chairman should also walk bod is guilty of gross negligence imo incl putting £700k with a fin. company run by an ex options trader....in a garage type set up..Company Act 2006 requires dirs to act PRUDENTLY & they MUST act to try to safeguard the assets of the company. They broke the law imo but appears that police never impose the law & too expensive normally for shareholders to start a civil case.
smithie6
07/12/2017
12:43
it looks 99% sure that most or all of the money to Lexinta has been lost/stolen hopefully none of it went to ____________ !!! ( all the world's tax havens & use of cover companies must end.....frequently used to hide or steal money...)
smithie6
07/12/2017
12:40
imho another action or RNS from the co. due to smithie6 !! ;-) pretty lax conduct from the bod imo ( someone posted linked to a website saying others started legal action vs Lexinta in spring 2017.....CLTV shareholders were imo kept in the dark about material info for months) (I naturally contacted some parts of fin. system ...pushing/complaining...result ..today's RNS sadly AIM is an unregulated cowboy stock market)
smithie6
19/11/2017
13:31
btw note 24 of the 2016 accounts should really be titled "correction of errors in the 2015 accounts due to Smithie6" :-))))
smithie6
19/11/2017
13:05
imho the large shareholders should ask the FSC-FSA (or whatever their name is this year !) to freeze the shares of the ex MD until all of this is sorted out if he is liable due to gross negligence, then his shares can pay part of any liability ---- In any case, imho Mr Neville (chairman) needs to walk the plank. And whoever was the financial resp.
smithie6
19/11/2017
12:48
that discusses a fund investing in OPIs whereas CLTV 2015 accounts talk of investing in Lexinta treasury fund which in theory should all be zero risk, surely....assuming that invested in Germany Govt treasuries and not in Venez. or Argentine treasury !! unless it was a Ponzi ---- 71.5% of CLTV is not in public hands (in reality it is higher imo) so the big hldrs can do whatever they want to the bod imo and demand whatever explanations they want from the bod, which is good. The bod must dance and perform as reqd. or the big hldrs could threaten to remove them.
smithie6
18/11/2017
08:32
Gents, translate the following. Does not look good. Even use the term 'ponzi'. Money probably not coming back.https://insideparadeplatz.ch/2017/11/07/anleger-befuerchten-ein-ponzi-zug-von-30-mio/
cropperfbn
17/11/2017
18:29
Good points you raised Smithie. And it all seems rather naive of the company to entrust the companies hard earned to some unknown spiv in Zurich. And especially Cellcast should have considered paying a maiden dividend to its rather battered and bruised shareholders first. Heavens forbid now if Cellcast would be in need of cash and that the business is put in jeopardy over this affair. If so then yes a call for the warrant officer to release rope from the ships stores and justice be served at the yardarm... So having a quick look at this Lexinta hedge fund i see they have made a couple of bad investments, one being Berkeley mining and another in Exo Level and i guess there are a few more stinkers on their books as well, so a slide into the nether regions of a ponzi was a lesser of the evils to them than just declaring bankruptcy. And i don't think anything will come from the Swiss in form of compensation if the poo hits the fan. Though it's not the end of the world if they don't but lets wait and see if they pay up or not. And all considering this should put the fire under the company to run a tighter ship in the future.
nazrat
17/11/2017
14:34
if I was the FD of CLTV Id have split the money between different holders....& have kept to big hldrs putting about half of the company'd cash with 1 overseas holder that is not a big respected fin. institut. appears mad. ..although there has been a nice gain due to exch. rate movements, phps that was the main logic for doing it. and maybe some bills are in that currency (although most costs are in £ I thought so holding a diff. currency infers risk...unneeded risk surely)
smithie6
17/11/2017
14:30
for a micro company to go investing a large % of its cash in an overseas fund in other country with cash only retrievable 1 time per year while the company has had massive risks & massive changes including cost base, operating location, operating model ...for which you MUST have instant access to your cash to get you past any shortterm problem... always seemed mad to me but I assumed that it was 'cause the dirs were super confident in the business & that the co. wldnt need the money & partly done to send out a msg of financial stability, security...to phps help in any deals with suppliers/clients...
smithie6
17/11/2017
14:18
nazrat interesting to read your views... I guess you r right....that if anyone is going to do a Ponzi scheme then spending money on offices & staff in order to give a 'valid' appearance is probably vital... be interesting to see what happens ---- is it not normally a regulatory reqt that a 3rd party must hold the funds, to avoid any mgr doing a runner with client money ? ( since the bag holder at other co. wld also needed to be corrupt & their mngr which starts getting very difficult to achieve imo ---- Does Switz. offer any g'tee or compensation ? or just a paltry 100k€ or something ? (if it is/was a Ponzi then I guess the resp. execs. at CLTV for being duped are probably nervous ! (gross negligence ? & hence some liability)
smithie6
16/11/2017
10:42
Smithie, Lexinta has all the hallmarks of a ponzi scheme. And its not only Cellcast trying to get their money back. And your comments about why they are opening more offices is simple. From Wiki; Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments.
nazrat
15/11/2017
13:49
some notes on Lexinta 2016 Zug adviser (Lexinta) expands to Hungary and prepares for acquisition "There are four members in the Budapest team and they report to Bismark Badilla, president and founder of Lexinta. Commenting on the new branch, Badilla said: .." The Budapest office follows the opening of a Hong Kong office in May 2015. hxxp://citywire.ch/news/zug-adviser-expands-to-hungary-and-prepares-for-acquisition/a977032 ----- 19 Sept 2017. zug-adviser-sets-up-alternative-investments-desk in Zurich with experienced ppl so doesnt look like they are going bust or operating from a garage hxxp://citywire.ch/news/zug-adviser-sets-up-alternative-investments-desk/a1050867 ---- If they have 4 staff in Budapest and > 4 in Switzerland then they have a fair amount of costs to pay.... so must have a large amount of assets under management so the amount to be paid back to CLTV is quite negligible imo as a % of funds under management at Lexinta as I recall the funds were only repayable once per year (although perhaps that can be broken if accept losing any % return for the part of that year if take out early) (if anyone was planning to do a runner with client money then imo they would not go employing different experienced fin. staff and opening expensive offices in different countries, which surely just adds control and restrictions and is a drain on any funds so, I doubt that the money has vapourised... but it seems a real problem since CLTV has decided to put the non-payment in the hands of the Swiss regulator ! strange
smithie6
14/11/2017
19:28
I thought it was higher than £330k... but I did report the value in accounts being wrong to the FCA that accounts were wrong...& they agreed !...current accnts r correct apparently --- if the returns were not true then that infers ponzi scheme...& risk that all the money is smoked... 'if' the dirs invested in a Ponzi scheme then they need processing ! (legal duty in co. Act to safeguard co./shareholder assets) ..I cant recall the gain but fairly easy to have made big gains in recent years... if make 15% by decline in pnd...only need to make 10% to get 25% overall & world mkts have been very volatile..(Russia, Asia up, Brasil up, USA up...)..if get it right then % gains have been possible ( & the opposite !)
smithie6
13/11/2017
20:13
Smithie, Looking at the accounts i see only £330k invested in Lexinta. And yes with the great annual returns which seem just to good to be true maybe more due diligence was needed. Also this will not sit well in Zurich of all places, so i would expect the Swiss Fimna (FCA/SFO) be over it like a rash for a quiet resolution for all the parties involved.
nazrat
13/11/2017
13:20
nice to +ve trading report & that on-line part is doing well
smithie6
13/11/2017
13:19
returns from Lexinta fund most of it is imo just due to the fall in the pound many money ppl made money by moving money out of sterling before Brexit storm -- surely anywhere you put £1/2M you get checks done first on size and history.... all sounds too weird to be believable....
smithie6
13/11/2017
12:14
Well it seems the returns over the last years from Lexinta have been a bit too good to be true, but getting the cash back would be rather handy. And the few words mentioned about current trading and cash balance is an eye opener and maybe Craig the new boss is turning things around fast.
nazrat
13/11/2017
11:03
hmmm any views on whether the money from fund mngr will be rxd ? has the co. invested £1/2M in a fund run from someone's bedroom ? who has now done a runner with all the money ?!! Gary, as a big hldr in CLTV I guess you will look at that inv. mgr. to see if it is real or a scam ..what is your view ??
smithie6
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