Close Enhanced Share Discussion Threads

[bonzoboy] 09/1/2002 16:14

Do you think that there is an opportunity to create a new thread (or use this thread)to organise a Cedar Shareholders list ? Any organised action against the 5p offer has to benefit Cedar shareholders. Please comment.

[bartender18] 09/1/2002 15:44

no from me too,i hold 17500 shares,I will lose the lot rather than be taken for a fool.A few weeks ago they thought there Carousel Leisure was worth £15 million alone.

[drewz] 09/1/2002 15:04

This scam stinks to high heaven. All shareholders should vote NO. There is far more value in the business as a recovery play with the right management and a financial restructuring than a lousy 5p per share. Don't let Harrison and the Alchemy vultures rob you of the recovery potential for a derisory 5p per share!

[bonzoboy] 09/1/2002 14:52

From what I know about Cedar, I feel that the above comments may be correct. The share price, conditions and situation of Cedar and its buyout were orchestrated a long time ago. Just a thought...I will vote no to 5p, so they then say okay Cedar goes bust if we do not agree. I think not. The RBOS aint gonna let £ 38 mil of debt just slide away. Interesting times.

[hell_fire_corruption] 09/1/2002 09:40

When will we receive the paper work

[nigel_] 09/1/2002 00:44

Bonzoboy - if you do not make money out of the stockmarket then why do you bother with it?

[gerald smith] 09/1/2002 00:44

Assuming Alchemy goes ahead with its 5p offer, what you holders of this awful stock should be trying to find out, I think, is what is the true asset value of the company? What solid sales have they got on their books? Will Alchemy keep it as a listed company, or simply fold it and sell-off the assets and intellectual property?

What do they intend to do with the management? Fire the lot of them and replace them?

There are so many permutations to this.

Perhaps a few of you could start off and make direct contact with some of the institutional investors and see if you can hook-on to their coat-tails. Since, for sure, they will know more of what's going-on than anyone of the BB. I'm sure this BB would be an ideal place for you to organise yourselves and discuss which of you are going to make contact, etc.

I sympathise, and wish you all luck. It could just so easily have been me in this with you,because last year I was just about to make a sizeable purchase when that accounting debacle happened at CED which rang alarm bells for me. Sort of smelt a rat, I suppose.

[bonzoboy] 09/1/2002 00:39

Do you guys mean to tell me you have a CGT problem? I thought that this was something from the olden days, when people used to make money out of the market!

[bones] 09/1/2002 00:28

Werkhaus - be assured, you will be able to carry the loss forward. You are thinking of the situation where the Inland Revenue declare a company worthless allowing the holder to claim a loss even though they could not sell the shares. Taking the 5p offer is a clear cut diposal of shares and the loss can be carried forward. You could look at to see what you can find.

Bones

[werkhaus] 09/1/2002 00:13

Veru.............where can i find info on that

[werkhaus] 08/1/2002 21:16

I happen to know someone in FSA who is very highly regarded and have asked him a few questions about the whole affair........and seems that they will get away with it as an offer is accepted by the board on behalf of the share holders, Yes the shareholders have the final. But in term of market value its seems that management has done everything possible to drag down the price.......hence when the offer was made this was at a premium to market price....and the thing here is the market decides what the companys worth and management will agrue that the deal is at a premium to previaling market price....Sickening as it all seems this has been very well staged......Just to let some of you feel better i have lost a cool £30K.....but hey you can't win them all....at least i have learned that i will be able carry my losses forward to future years in order to get out capital gains for a long time to come...good luck to all I will STILL VOTE NO...

[keith95] 08/1/2002 16:38

I think anything is possible with CEDAR .... what I don't understand, is why CEDAR did not sell Sword, or it American acquisition ... even if it sold these businesses at a huge loss ... it would seem to me that CEDAR could have paid off its short term debt.... after all a 58 million loss was quoted at being the equivalent of 68 p loss per share ...

Something very fishy has gone on with CEDAR, Harris seems a pr*ck, and I fail to understand why he was not removed as ceo before now... my feeling is that he is probably a stool pidgeon for some background boys to make big bucks.

[190997] 08/1/2002 16:16

The issue that interests me is, just who are Redac and RHL. Apparently, they are new companies. Surely this couldn't be a vehicle for existing mangement to acquire the bones - could it?

[stock insider] 08/1/2002 14:42

TAKE YOUR PROFITS AND BUY INTO ATU. SOME BUYING GOING ON TODAY AND YESTERDAY. VALUED AT 3MILLION POUNDS AND FORECAST PROFIT OF 2MILLION POUNDS THIS YEAR.

[bonzoboy] 08/1/2002 13:59

Question....If stockholders are able to reject the offer (which is now in the post to all holders ) of 5p per share, what are the chances of a higher offer being put forward. People are still buying this stock in sizable quantities at 5p. Is there a chance that a higher offer could be in the pipeline ?

Nigel.....
.....................I was merely trying to air some jest. I have made an overall loss on the markets. The reason for me still trading is that would like to try and re-coup some of those losses. I feel that the only way to go from now on is to short sell. Maybe you are one of the more fotunate ones who hasmade a profit over the last year in a falling market. If you are then well done and the best of luck for the future. To be honest, there is no sure way of predicting what the hell is going to happen to the world economy over the forseeable future.

It is a huge worry when insolvent Japanese banks are still being forced to lend more money to insolvent Japanese companies to prevent those companies from going under, which in turn will send the bank down as well. Maybe one could apply the same logic to every houseowner who has or plans to re- mortgage his house to pay of his debts. Only food for thought. Comments welcome.

[verulamium] 08/1/2002 01:13

As far as I know, you can carry the loss forward whether they go bust or get bought for 5p - don't think there's any difference...

[werkhaus] 07/1/2002 23:01

With this being a cash offer the Shareholders being shafted...what happens to the big tax loss i was going to book for this one.......Let me get this right if they went bust then i would be able to use my losses to offset any gain in the next 10 years to save me any capital gain for a long time to come cos i have lost big......If the 5p offer goes ahead my losses still nearly the same can only be used in this current tax year i am i right here.....VOTE NO

[edjodav] 07/1/2002 22:34

i would rather lose my money than see harrison get his payoff vote no that in turn could lead to a counter bid

[aghumra] 07/1/2002 20:53

jacobia - people are not buying in, they are closing their short positions (and a lot of money they must have made on it as well!)

[alsfar] 07/1/2002 16:26

Not a holder of CED, but felt this needed posting. From the Telegraph today, short piece 'Alchemy to rescue Cedar in £4m bid'. Goes on to quote chief executive Mike Harrison, who said of the company's downfall....

"...I wouldn't say we were blameless. If we were guilty of something it was not having enough hindsight early enough..." (Perhaps he's trying to be funny?)

A good public horse-whipping is too good for these guys.
More UK executive failure about to be rewarded no doubt.

[jacobia] 07/1/2002 16:19

People are still buying into Cedar for 5p a share. Can anyone enlighten me as to why they would do it and what they are hoping to achieve. Is there light at the end of the tunnel perhaps?

[keith95] 07/1/2002 16:16

Well .. I wasn't being a 100% serious .. but I for the amount I am going to gain @5p , I would rather kick Harris in the teeth!