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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% 1.10p 0.90p 1.30p 1.10p 1.10p 1.10p 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 12.0 -0.7 -0.8 - 0.85

Cellcast Share Discussion Threads

Showing 7276 to 7297 of 7300 messages
Chat Pages: 292  291  290  289  288  287  286  285  284  283  282  281  Older
Some corporate action is needed here to change this appalling board. I would support that with my 2m+ shares. But this can only be sponsored by Mr Lyons (who appears to be in denial). Absent that, I can't see any prospects of enhancing shareholder value, eg by way of divi or share price rise. I will vote at the AGM against all reappointments (except CEO) and against resolutions 7 & 8 re share allotments. 8 is a Special Resolution requiring 75% to pass. Unfortunately I can't attend the AGM.
Oh dear - not much to get excited about here.
Is there any reason to believe or think that changing from co-founder 1 to co-founder 2 might have any effect on - "more focus increasing the profitability on the core UK business and also avoid any costly overseas investments" - avoiding any future gross negligence such as the Lexinta investment --- Has Andrew left to reduce his likelihood of any legal claim against him for gross negligence ? (noting the Company Act 2006 requirement for directors to - act in a prudent manner - act to safeguard the assets of the company/shareholders ie. those are legal requirements that directors must comply with !, which imho were completely broken (sure if directors had put the money into an account at say Lloyds and Lloyds went bust they could argue they were prudent and chose a major bank which they thought inferred low risk and high security but investing in a garage type scheme with a handful of employees...based in overseas tax havens and where the money being invested would be a % of the assets held ( !!, wtf !! ) shows gross negligence imo and I recall that the 2 co-founders are linked to tax havens....the company that holds their shares and receives payment from CLTV is registered...not in the UK but in Hong Kong !! hopefully none of the missing money has been shared with any of the CLTV directors or ex-directors, via a numbered account in some distant tax haven imho no one would ever find out --- update And I see from the accounts that £445k was not invested directly in the garage investment mngr Lexinta but in Global Gaming Ltd which then invested in Lexinta ! Hopefully Global Gaming Ltd wasnt another garage based venture with any wives or family involved to obtain benefit from CLTV shareholder assets via pay. At first glance it looks very strange. I note that even with a new CEO who is not one of the 2 co-founders the accounts give no explanation of Global Gaming Ltd & why CLTV invested in it. The accounts also look materially WRONG wrt Andrew Wilson. An RNS stated he had left the company & is no longer a director but he is still listed as a director & there is no mention that he has left the bod !! (although his pay has halved). Imho the 2 co-founders & M.Neville need to be removed from the company for the shareholders to have any confidence in the correct & transparent operation of this co. "for the general benefit of all the shareholders", as required by the law.
Hi Barry, I think we can all say that the Lexinta debacle has been very unfortunate. Understandably its more a kick of confidence in the judgement/abilities of the management than the actual monetary loss as it would have been avoidable with better diligence and its more galling that this excess money should have been paid out to shareholders via a dividend. Im not too positive that anything can be recovered from Lexinta but at the end of the day the company has sufficient cash and now better profitability with renegotiated Arqiva deal and better revenue from web based business. The Kenya lottery contract is a steady money earner and maybe we can see governments age verification brought in the next few months help the bottom line as well. With Craig replacing Andrew i hope now there more focus increasing the profitability on the core UK business and also avoid any costly overseas investments.
Interesting to see Mr Lyons buying more, seems like we have been holding and accumulating these for an eternity. Gary I am sure you keep a watching brief on this BB. I own 2m just below the reporting threshold, and it would be good to share thoughts on Cellcast and recent goings on and perspectives on the potential and future. Both of us likely to need some corporate action of a transformation of fortune to unwind our positions. Anyway happy to chat (PM)if you would like. Barry
Someone has bought quiet a few today.
ignoring the writing of of 700k & concerns about incompetence of the bod ... is this a good risk/reward at this price ? good/complicated question phps. numerous pros & cons ( at the moment I dont like 1 co-founder leaving bod with other co-founder joining bod. If there was NO co-founder on the bod, & departure of FD & the Chairman then Id consider buying some....but with founders still running the show & the bod imo (I see the MD as a puppet for them) Im not very keen, but I see that someone has bought some today
interesting imo that there is no mention at all on this forum of the FD or the FDs name. they are invisible...unknown which imo shows phps that they are a puppet under the ctrl of 2 founders if so it shows the FD & the BOD havent complied with the listed co. regs. nor with Company's Act 2006. imo the only solution for CLTV (& shareholders) is that everyone involved in supporting the Lexinta investment needs to be replaced unless reqd. for specific sector or tech. skills that no one else in the co. can provide, & if allowed to stay for that reason then moved out of bod to be an employee/manager. (& imo a shareholder representative should be put on the bod to ensure it is run correctly & respects Company Act in the future. (history of 1M going here and there, Brasil, then Lexinta investment written off (700k) shows a cowboy attitude imo and/or intentional complicity/theft)
you get my vote
Surely, only in the UK can incompetence of this order be legal.
So writing off the Lexinta fraud - no choice really. Very bad judgement and corporate incompetence. Really trashed the share price here. I hope the board will compensate shareholders by taking a massive pay cut to put our funds back to where they were.
Has your non exec chairman been turned over? Makes a change considering his glorious past at Minmet. One to avoid imo.
applause...good info.. If he wants to avoid being found then Spain/europe is not very good imo. surely ctrl & south america would be more likely ---- first court cases were Switzerland last spring I think... if he failed to turn up or give new address (H. Kong ??) then surely the court would now have entered judgement against him & issued an international arrest warrant. Does an international arrest warrant exist ? looking at the info it looks justified.....& if found he could then post bail at the court while waiting for the trial. --- bit strange that in the same time frame that the MD of CLTV decides to step down. phps making it harder to sue him for gross negligence ? if I was a big holder I would be looking to see if a case vs exec dirs. was affordable/worthwhile...(sharing the legal cost amongst biggest holders) --- Extradition. I think Switzerland doesnt extradite its citizens from Switzerland (& non-Swiss ??) (Brasil is the same)...but they could put him in a Swiss jail if he is there & tried & found guilty (so I assume he wont try to hide in Switz) Would other countries extradite him to HK for a trial ?.... (with China breaking many human rights phps it is a valid legal block against extradition.) court cases normally have to be served to the defendant at their home phps the list of claimants for HK court case (apparently doesnt mention CLTV !?) are fairly sure he is resident in HK. The company (SMS Ltd. as mentioned in the accounts) of the 2 founders of CLTV is registered in ....HK !
Having a little google i see that there is currently a pending case in the Hong Kong courts against Lexinta and Bismark for around £20m, but somewhat surprised that Cellcast is not in the list of plaintiffs. Change the h.x.x.p for http in the link below. hxxp:// Also Bismark pops up in a few past court cases in the U.S and in the leaked Panama papers as well. Anybodies guess where Bismark is now as i can't see him appearing in court in HK. Maybe he has gone to ground in the south of Spain, though he would have to be careful there if he has being taking the Russians cash as well. P.S. We can presume that Bismark is a Spanish born national with dual citizenship also in Switzerland.
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 appears like everyone knows small 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 cant pay wages !! 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 !?
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 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)
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
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!
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 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.
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...)
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's RNS sadly AIM is an unregulated cowboy stock market)
btw note 24 of the 2016 accounts should really be titled "correction of errors in the 2015 accounts due to Smithie6" :-))))
Chat Pages: 292  291  290  289  288  287  286  285  284  283  282  281  Older
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