Coca-cola Hbc Share Discussion Threads

[bladeboy] 13/7/2010 16:53

Hmmm.. still waiting for an update from the company
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[soggy] 12/4/2010 01:01

Perhaps all is not lost, but I still have it at the back of my mind that the UK part of the business wasn't worth all that much,the vast majority of the money was the other bit, the German bit, and I think that's probably gone. But I'm going from memory here.

Just back holidays, so haven't had time to look at the links to the current story....will do, though.

[moormoney] 09/4/2010 10:56

so if the uk business is kept clear of this trouble---it may be years away but all is not lost???

[moormoney] 09/4/2010 02:52

I've just read all the reports on google--quite fascinating-it is certainly a tangled web! Early May is the next hearing---I don't know quite what to make of it. It is just possible that Erin is still protecting the uk assets and a few years down the line we'll hear something. I thought they had settled the Dubai loans and they were certainly meeting the payments before this exploded---the treatment seems a bit harsh. Scrutable are you following this still?

[moormoney] 09/4/2010 02:18

I think this was why the co was sold to Erin for $1----to protect the UK assets from the Dubai fraud. Trouble is we've heard nothing since and the uk co was trading very profitably with no connection to the alleged fraud. Thanks e trader it sounds as though it's still rumbling on and Erin is keeping his head down---sitting on our money though with no communication and I'd call that fraud!!

[soggy] 27/3/2010 09:55

I think we all resigned ourselves a long time ago to the truth that our money has gone....

[moormoney] 26/3/2010 14:23

are we still alive?? fast losing hope here.

[bladeboy] 08/3/2010 13:48

Does anyone know what came out of the meeting at the end of January?
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[moormoney] 27/1/2010 19:37

Keep hoping for good news Friday.

[bladeboy] 27/1/2010 16:39

I can't make it but I think you're right that scrutable held some of these.
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[moormoney] 27/1/2010 02:59

29 Jan is approaching --anyone going to attend? I hold in Nominee so have not received any communication---I live in hope! If Scrutable reads this perhaps he might go, I believe he held some of CCH shares.

[mister md] 03/1/2010 12:34

..even Langbar paid something back so anything's possible ;)

[mister md] 01/1/2010 15:51

when opening my mail today - letter re: Oiax plc, didn't know I was invested in them til I realised it was CCH - hopefully something will come back to shareholders in the end...

[soggy] 01/1/2010 09:52

Hi!

I was going to type Happy New Year...but perhaps in this context it's a bit hollow....!

I too didin't think it was a deliberate scam, and it was right at the start of the crunch when banks just drew in every piece of cash they could, even if it did mean busting a golden egg laying goose. But the end result is that investors did get shafted. The mystery to me is how none of the authorities felt it was there remit to investigate when clearly something wrong had been done. But we are where we are.

Thanks for the info re the meeting and the gist of the contents. I haven't received anything, perhaps I need to contact them as I held via TDW and they've removed the listing.

At the back of my mind, I seem to recall that the bulk of the company's money which was transferred to Erin for £1 was actually held by the subsidiary, CCH Gmb and that what we were shareholders in was the parent company which only had a few thousand in it's accounts. I may be wrong, but that's what I remember.

So, any distribution might therefore only be of that remaining rump of cash, not the big bucks which got hived off.

Hope I'm wrong.

Darn it! Just can't resist....have a Happy New Year anyway!

[hvs] 31/12/2009 11:18

As long as the shareholders have not got the hump.

Personally I never thought this an out and out deliberate shafting of investors, more an unfortunate sequence of events caaused by the ineptitude of the Board.

Is it not neligence if you raise money and then loose it on behlf of shareholders ?

[mg78] 31/12/2009 11:17

Interesting - thanks for posting LionelH. Luckily I managed to trade in and out of CCH and wasn't left holding any at the time it all went so wrong. But I've always been curious as to the outcome here.

[lionelh] 31/12/2009 11:06

Just had about a nine page communication through the post re CCH. EGM on 29.01.10 proposing three special resolutions, the main thrust of which concern re-registration as a private limited company by the name of Oiax Ltd. At the premises of Field Fisher Waterhouse LLP, 35 Vine Street, London, starting at 10:00am, if anyone wants to go along and give 'em a barracking. Says still seeks to redistribute funds to shareholders when "able to secure a release from its guarantee obligations". Also "in order to increase the amount of any dividend paid to minority shareholders, Eren Nil has agreed to transfer his entire shareholding in the Company to Richard Fossett to hold on behalf of PLC with a view to those shares being cancelled". Co is still apparently subject to the City Code on Takeovers and Mergers until 2017 which might give us some reassurance. Personally I never thought this an out and out deliberate shafting of investors, more an unfortunate sequence of events caaused by the ineptitude of the Board. The current financial climate was a massive contributor as well let's not forget. No Board in any company anywhere could change that.

No timeline again but perhaps all is not lost.

[soggy] 21/10/2009 21:08

Like the playground bully used to say, "wot you gonna do about it??" I guess there are so few investors compared to the block owned by Nil that there isn't that critical mass of people to make enough trouble.

And so, since they can get away with it, they will. We are, after all, just a handful of tiny investors in what is effectively now a private company.

But at the same time, it stinks - to high heaven. And I've never understood why from day one there wasn't some kind of police involvement in this whole sorry debacle.

I've written off my money, but at the same time, I'm ever hopeful that something might turn up.

Can anyone remember now what the deal was - after how long was it that the main company holding could/would be returned to the company??? It's all so dim and distant now...

[moormoney] 19/10/2009 15:21

I've searched around for news but still nothing. How can a co. ignore it's shareholders like this and get away with it??

[moormoney] 18/9/2009 23:52

thanks--I'll hang in there then!