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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Close Enhanced | CED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 186.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 186.50 | 186.50 |
| Top Posts |
|---|
Posted at 22/2/2011 11:05 by davebowler I wonder if this could be used against the Directors of CED?by Iain Martin on Feb 22, 2011 at 07:00 Investors plan legal action against Meteor over structured products Meteor Asset Management may face legal action from a group of eight investors who lost money in structured products backed by Lehman Brothers. Members of the group have each invested more than £100,000 in the products. They have complained to the Financial Ombudsman Service but plan to reject the FOS rulings in order to launch a legal challenge to try and recoup the full amount they invested. The Financial Ombudsman Service (FOS) is limited to awarding compensation of up to £100,000 and investors who accept FOS rulings cannot then take their complaints to the courts. One of the members of the group, who has £150,000 invested, said they had been encouraged by a FOS ruling earlier this month against Meteor. The FOS said the provider should have informed clients that Lehman Brother's credit rating had fallen below the Standard & Poor's A+ grade specified in the contract for Meteor Prima Growth Plan 7. 'We have told them in light of the recent FOS decision a full refund could save them a fortune in legal costs,' said the investor. |
Posted at 09/4/2008 09:59 by sharpshare From the CED interim report..."Credit Risk Credit risk is the risk that an issuer or counterparty will be unable or unwilling to meet a commitment that it has entered into with the Company. At the date of this report all issuers carried an investment grade credit rating. Investors should be aware that the prospective returns to Shareholders mirror the returns under the Debt Securities held or entered into by the Company and that any default by an issuer of any such Debt Securities held or entered into by the Company would have a consequential adverse effect on the ability of the Company to pay some or all of the Final Capital Entitlement to Shareholders. Such a default might, for example, arise on the insolvency of an issuer of a Debt Security." Glitnir Bank does not look as solid as it used to. |
Posted at 15/10/2007 11:28 by davebowler : Metals - Gold hits new 28 year peak, platinum surges to new record high Date : 15/10/2007 Time : 10:10 Source : TFN Metals - Gold hits new 28 year peak, platinum surges to new record high LONDON (Thomson Financial) - Gold rose to a new 28 year peak as the US dollar weakened further against the euro and as oil prices held near new record levels set on Friday, sparking inflation concerns. Meanwhile, platinum set a new all-time record on continuing supply worries in South Africa. On Friday, the country's largest mining union said it plans a one-day strike over deaths and accidents at mines. The news came amid continuing supply disruptions at Anglo Platinum's facilities in South Africa. The disruptions are a result of power outages in the country that began last week and could last through this week. "Platinum... continues to hold the most bullish forecast of the precious complex as the already tight fundamentals could be made tighter still should South African mine workers strike," said TheBullionDesk.com analyst James Moore. At 9.37 am, spot platinum was quoted up at 1,420 usd per ounce against 1,417 usd in late New York trades on Friday, having just set a new all-time record high of 1,422 usd per ounce. Spot gold was up at 756.30 usd per ounce against 748.75 usd in late New York trading, having just climbed to 756.40 usd -- its highest point since Jan 1980. "Gold... looks set to make further tests higher in the coming sessions as both speculative and investment money flows into the market," said Moore. He added investors will also continue to look to gold as a hedge against inflation, particularly with oil prices set to remain high as winter approaches in the northern hemisphere. Elsewhere, silver was up at 13.93 usd per ounce against 13.79 usd, while palladium rose to 376 usd per ounce against 374 usd. maytaal.angel@thomso |
Posted at 16/8/2007 14:31 by richandjanet Same company launched CED2 in June similar product but includes soft commodities such as corn and wheat. 6 year life investors guaranteed 100p a share back. Currently trading at 102p |
Posted at 16/6/2007 00:44 by jagworth There is no exchange rate risk for a UK investor because the return is based on the percentage changes to the commodities (which are traded in dollars). It is a geared return (x2) and there is some capital protection. But you are stuck with the basket of commodities chosen. I hold CED as a low risk and convenient buy and hold investment (gold/oil/industrial metals). Don't want the gearing/risk of spreadbetting. But its a pity CED2 has so much overlap (oil/metals). There are now some ETCs for agri/soft commodities etc. Probably covered warrants would be a low risk way to get some gearing. |
Posted at 15/6/2007 19:29 by scatty Perhaps an investor could replicate CED by dealing in derivatives directly, and maybe get better gearing/potential return - but CED appears to also hedge against the $/£ movement which adds another layer of difficulty for the private investor wishing to replicate. Anyone know if the derivatives entered into by Close for CED provided unlimited £/$ hedge, or is this something which is factored in on a gradual basis - to cover the difference (exchange rate loss/gain)yet to be quantified?? |
Posted at 01/5/2002 19:54 by calamity As taffyman says, go, to and register, if you haven't done so already, "meths", then go to the Cedar BB. Here you'll find good info, especially from the likes of KevinRTaylor, who seems rather clued up on things. There's also some latest updates such as 1.4m shares were taken up of the new issued shares by existing investors. As taffyman says, hope this helps, especially if you are like me and still holding, and intend doing so until this is resolved for the better. Lets hope so, keep focussed and perhaps things will turn out as we would like. Also eric, alias motleymouse, has been contacting current shareholders by e-mail for their current holdings and position, you can contact him via cedaractiongroup@cs. |
Posted at 12/4/2002 15:56 by taffyman Hi all...A short article in Investors Chronicle.......it says rebel shareholders in Cedar/Redac and Zen Research are mobilising support to provent both companies being taken private. It goes on to say there were only 69% of Cedar shareholders who took up Alchemy's 5p a share offer and the rebels in Cedar Action GRoup (CAG) are proving a thorn in Alchemy's side. Author James Chapman says Alchemy going for a 14.8 for 1 rights issue to get more cash to fund the business while opponents of the issue allege it is designed to dilute minority shareholders. This would then allow Alchemy to get the all-important 90% of Cedar so they could run the show completely on there terms. Alchemy execs were "unavailable" for comment.....which might mean they have been rumbled by the media and feel too sweaty to answer a phone call to explain themselves. So.....I.Chronicle, its staff writer Mr Chapman, Mr Fletcher at the Sunday Telegraph, and many more financial journalists yet to look into the Cedar debacle, should get busy! Regards all. END |
Posted at 07/4/2002 07:41 by akcampbell What the Cedar Action Group needs to do is get an outside investor to purchase a proportion of the shares held by anybody who doesn't want to take up their full rights allotment. The proportion will depend on how many rights shares they don't want to take up. For example, if you hold 100,000 shares and get offered 1,480,000 rights shares at 5p but don't want any, sell the outside investor 93,670 shares at 5p then take up your full rights allocation of 6,330 x 14.8 = 93,684. That leaves you with 93,684 + 6,330 = 100,014 or approximately your original holding. The outside investor then takes up their 93,670 x 14.8 = 1,386,316 rights shares plus 93,670 original shares = 1,479,986 total shares. After strengthening the Balance Sheet with the rights issue cash the threat of bankruptcy has receded so I reckon Cedar shares are worth more than 5p otherwise how will Alchemy achieve the 20-30% per annum return it probably expects on investments like Cedar? If Alchemy can't get to 90% what's the betting they would buy the remaining minority interest for more than 5p? You could share that upside with an outside investor by selling the proportion of shares you aren't going to take up the rights on for more than 5p. The outside investor can mark them up and sell them onto Alchemy or hold them until Alchemy sell Cedar on or refloat it. If you don't do the above less than 45% of private shareholders will take up their rights and Alchemy will force you out for 5p. My way you get a premium to that and you screw Alchemy. What goes around comes around. You have to keep your 30% holding. Alchemy can't pass special resolutions with less than 75% of the shares and that's your ticket to getting a premium for your rump shares. Who can help the Cedar Action Group? Get somebody from the Cedar Action Group to call John McKay, Chief Executive of the investment bank Seymour Pierce, on Monday morning on 020 7648 8700. Seymour Pierce are sitting on £30m of cash after buying the internet incubator Antfactory last December. |
Posted at 29/1/2002 11:59 by calamity WELL DONE,.... those private investors who haven't caved in, only 47.78% have accepted. No doubt some of this percentage may be what Alchemy have vacuumed up in the open market or via affiliates. Not sure if they can buy direct whilst they have an offer on the company. So I wouldn't have thought the rest(52.22%) of the company was in private investors hands, so as was originally mutted by some, it doesn't look like some of the institutions, in fact a lot, were in the bag for accepting the offer. Hold in there, and get that offer raised, or get the company going again with a re-financing package. If the bank was ready to throw what 20 mill. quid. away under the offer, why can,t they do the same and do a deal with the company, or is this to simplistic, and leave us all still with a share in a company that for all intense and purposes appear to have good prospects if it wasn't for the debt. Any other opinions floating around out there, taffyman and I have floated ours, some more please. Well taffyman I thought I was going for long enough, but your's, WOW!!!! holiday or business, ours is purely holiday. Good luck for yours however. calamity. |
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