Close Enhanced Share Discussion Threads

[skinny] 05/4/2002 10:58

Any views on the rights issue?

[bartender18] 14/3/2002 10:39

repleged my shares,i can wait three years

[philsug] 14/3/2002 09:38

Thanks for that Solitaire.
I'm glad to know that the CAG is still operational.
I had thought that minor shareholders would be left to their own devices.
I get the impression from what you say that the CAG may be able to influence decision making as a body.
I must also say that the impression I have of JM (from his contributions he has made on bb's) is that he is fair and open minded - but that he is concerned about those people who bought heavily after the offer was declared unconditional (ie those going along for a free ride). It's important that he knows there are a lot of shareholders around who are not in this boat!

[solitaire] 14/3/2002 09:05

Our apologies for the long wait for news from CAG.

We are still here, and expect to be for some considerable time to come. www.cedaractiongroup.co.uk.

Snippets from the EGM (as I understand them):
Those concerned that their proxy may have been wasted, fear not. There were no resolutions tabled and, therefore, no votes needed.

Turnout was quite small.
There was a list of follies described {things you expect company stewards to be on top of!}, leading up to Cedar's demise and long before, including:
"no one in overall control of expenditure & costs"
"projects being worked on that were costing a great deal of money with little hope of any return"
"an office in Ireland portrayed as a cost saving, yet acting as a drain on funds"
Basically, the cost base was far too high and unfettered.
That's the mess it got into in 3 - 4 months last year right!


JM confirmed that there are a number of cost controls in place and being considered, such as office space reduction and closures. Cobham is expected to surrender 2 of it's 3 floors, High Wycombe may go. The Australian office is in receivership.

The future then!
The actual figures/requirements had not been determined before the EGM, so you should expect the final proposals to be appearing on your doorsteps once regulatory approval is obtained.
There is a strong likelyhood of a rights issue in the range of 14 for 1.
Warrants may also be issued.
Turning around Cedar may take 3 years.
Refloating is an option (3 years down the road)
GET THE PAPERWORK, READ IT THOROUGHLY, GET ADVICE AND BASE YOUR DECISION ON YOUR PERSONAL CIRCUMSTANCES



Some CAG updates then:
1.
We are re-organising just about everything, our mailing lists, register, webpage, etc. and will very much appreciate your help in this. Please go back to the web page and confirm your email address and holding.
2.
We can use some help. Will, myself and the others. Have you any ideas that will smarten up our act? Do you have access to more legal advice? Tell us, please.

Have to end this summary here. I appreciate it's brevity and will endeavour to answer any additional queries you post or mail.

Thanks for your time!

Let me add that messages on boards purporting to be from JM are, according to JM himself, from JM.



Disclaimer:
CAG wish to make it clear that it is not qualified to offer financial advice and that any statements provided above are opinions only and not recommendations. You should remember that investments can go down as well as up and that past performance is no guide to future performance.
If you wish to obtain a recommendation, you should seek appropriate financial advice from an authorised person that takes account of your circumstances and specific investment needs.

[hell_fire_corruption] 11/3/2002 17:14

does anybody still hold there certificates or has everybody moved on with there 5p per share. I've decided to keep mine you never know may make a good paper aeroplane one day.

[the share man] 04/3/2002 20:30

I'm still in here bartender18. I didn't know which way to turn before... I've no chance now!

[bartender18] 04/3/2002 15:26

sorry, had to come back forgot to turn off the lights

[bartender18] 27/2/2002 16:12

bid up to 5.25

[dhmross1] 25/2/2002 08:47

Salisbury Strikes The Right Deal with DTS

Financial services call centre outsourcing specialist deploys Teltronics ClearView and SmartCall solutions

Salisbury Associates, a communication services company that provides outsourced contact centre services for the financial services sector, has strengthened its call-handling by deploying DTS’ ClearView and SmartCall from DTS in its new customer contact centre.

Salisbury Associates' customer contact centre infrastructure comprises DTS' SmartCall Agent workflow software and Teltronics ClearView routing and call management system. The new contact centre has 180 live voice and data lines -- which Salisbury is set to expand to 300 later this month -- serving 190 agents, and 40 IVR lines. This allows their agents to handle in excess of 8,000 calls per hour.

Salisbury’s outbound agents use Smartcall and ClearView during campaigns such as mergers, acquisitions or flotations to deliver effective customer relationship management (CRM). The company has handled Mannesmann Atkiengesselschaft’s acquisition of Orange, and previous customers have also included Granada, the Royal Bank Of Scotland, Thomson Travel Group and Asda.

Salisbury Director of Client Services, Martyn Smith said: "DTS has provided a turnkey solution that has overcome our integration issues, which a number of other solutions we looked at are not able to do. The skill-based routing and intelligent queuing applications ensure our customers reach the best resource within our trained team."

It goes on, and on, and on.......but hopefully this should give a view of who and what they are, and also give the view that it would appear unlikely that anyone would actually be talking to a "Financial Adviser".....

[dhmross1] 25/2/2002 08:47

the full article is available at:

[bartender18] 24/2/2002 11:44

Salisbury Associates who are they?i have tried searches and can find nothing.

[sqs] 22/2/2002 14:09

This appeared this morning on another board.

The Sunday Telegraph would like to talk to Cedar shareholders about Alchemy, particuarly those that have been contacted by Salisbury Associates or been served a section 212 notice Please call:

Richard Fletcher
0207 538 7907

[lynda1958] 21/2/2002 14:48

I have received another letter from my stockbroker giving me a last chance to accept 5p in cash or take no action, either way I have to inform them. Does anyone know what will happen to the shares if we don't sell them? Will they become totally useless to anyone?
Sorry for all the questions, but if I pledge my shares to CAG, what becomes of them when the takeover goes through?

[peterbr] 19/2/2002 00:18

when Cedar has delisted itself from the stock exchange, as a very minor shareholder what would be my options for selling shares at a later date and how will I be able to get an idea of their worth etc.

[hawaii-5-o] 16/2/2002 13:13

thanks for your honest advice dhmross1, I will speak to a financial advisor but I do feel strongly inclined to pledge my support to CAG and sit tight.

[dhmross1] 15/2/2002 17:57

Hawaii-5-0

you should check with a professional (un-biased) adviser. However, my view is that you can still maintain shares in a Limited Company as easily as you retain shares in a public one and receive dividends on an equal basis. It obviously becomes harder to find out what the share value is as there won't be a market price, as such - and selling may become an issue (who do you sell to? - maybe REDAC would be only too happy to purchase them?). In other words the 'free market' aspect is taken away.....however - if your instincts told you it was a good investment, and you still believe it to be, then personally I would hang on in there (I've already pledged my small holding (ooo-errrr) to the CAG and plan to leave it there for the duration - or at least until theres a reasonable offer)......who knows where it might take us? :)

you need to weigh up the risks - as I say, ask a pro....

Good luck

[hawaii-5-o] 15/2/2002 16:38

Hi everyone
I've been following the bulletin boards for several weeks now. I'm a novice in this game and over a year ago I bought some thousands of shares. I could have sold and made a considerable amount but I believed this to be sound a long term investment as I had experience of cedar's products and felt they had a sound strategy. Although I haven't accepted the offer I understand what cag are doing and feel duped like many. I would like to pledge my support, but I'm not wealthy and I can't afford to lose any more money, as these big city guys always end up winning anyway. If I don't accept does this mean I receive nothing or legally do they have to offer me 5p anyway? the press release by redac seems rather threatening - that 'no further offer may be made after the 28 Feb and the company will be made limited. Can anyone out there offer any advice?

[taffyman] 15/2/2002 11:17

Hi all.
Thought you might like to know about a report on Ample Interactive......that Redac/Alchemy have been phoning rebel shareholders refusing to sell up for just 5p so the new company can go on and make a mint.
Anyone with names and telephone numbers of 'Fleet Street' business journalists should make a call. They might well be interested in this latest development.
Cedar Action Group opposed to rank-smelling events at the software group continues to pick up support from shareholders holding out because they feel they have been 'fleeced'. Baaa!!
END

[solitaire] 14/2/2002 23:04

Just a quick post to let you all know that we are still beavering away with our little project and to thank the growing number of supporters.

The announcement that the offer is being withdrawn in 14 days comes a little earlier than I'd hoped, however, these things help to focus the mind. Are they (Redac) intimating that there may be another extension when they say "There is no certainty that the Offer will be extended beyond this date."? We are all aware of the somewhat coercive tone of their previous announcements. But, 3pm 28th Feb it is. ...at the moment, I think. Don't forget that Redac would like to get their hands on 90%!

I want to reiterate that there is nothing to be gained by settling earlier. Until 3pm Feb 28th there's also nothing to lose at 5p per share.

CAG is also preparing a circular. So, all those on the register at the begining of February, please watch the mail.

I know it's not a lot right now but hang on in there, we're still working on it.

cheers

Cedar Action Group

[zoobie] 13/2/2002 20:21

Many thanks Pete.m

[pete.m] 13/2/2002 13:29

www.cedaractiongroup.co.uk

[zoobie] 13/2/2002 12:01

I know this is terribly lazy of me but does anybody have a link for CAG
Cheers

[baxtdon] 13/2/2002 10:48

Hi me again ive just read about the action group where can i find it as i pretty new to all this computer malarky ?

[baxtdon] 13/2/2002 10:47

hi everyone i bought 100 pounds worth of shares in ceder and was wondering why i bothered as i had a tip of that this company was being took over and that the share price would go up well i have them now and am just going to ride it out i mean i have nothing to lose .

[taffyman] 12/2/2002 22:45

Yet another alert call.. get with the Cedar Action Group...you know it makes sense!!
END