Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Coca-cola Hbc Ag LSE:CCH London Ordinary Share CH0198251305 ORD CHF6.70 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2,314.00 2,311.00 2,313.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 5,945.7 559.5 113.4 19.9 8,523

Coca-cola Hbc Share Discussion Threads

Showing 2251 to 2269 of 2475 messages
Chat Pages: 99  98  97  96  95  94  93  92  91  90  89  88  Older
DateSubjectAuthorDiscuss
13/11/2010
16:32
Has anyone else received this document? And has anyone who's smarter than me (not hard) had a look at it to see what the numbers are really saying?
soggy
13/11/2010
14:22
Thanks Soggy at least we know something is going on behind the scenes!
moormoney
12/11/2010
12:52
Bottom line, Erin has kindly donated his shares back to us free of charge, so the company now has 20,492,513 shares - 35.45% in our hands, but the rest still owned by Emir Nil. The company as managed to realise $6.5m on the sale of assets and their lawyers are now advising them that the agreement which got us into this mess might not be enforceable - but negotiations continue with the bank which says they still owe $40m. [EDIT-"they" as in "we", CCH still owe the bank $40m,] I wouldn't hold my breath - but at least with a sizeable chunk of the company handed over to us, (the least he could do after getting us into this mess) if there is a payout we'll get an extra farthing each....don't spend it all in one shop now.....
soggy
12/11/2010
12:46
I got the annual report and accounts through today. The notes at the end of it give a reasonable summary of what's happened. If anyone is interested and didn't get the report, here's what it said: OIAX LIMITED (FORMERLY CCH INTERNATIONAL PLC) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2009 18 Contingent liabilities On 16 August 2007, trading in the Company's shares on AIM were suspended following an announcement that the Company was in discussions regarding certain of its funding lines. These discussions were necessitated as a result of one of the Company's principal funding banks (the "Bank") indicating that it intended to terminate agreements with the Company and CCH Europe GmbH ("GmbH") following a review by the Bank which revealed that approximately US$340 million of lending advanced through GmbH had not been applied to short term receivables but to longer term commitments. The Bank demanded immediate repayment of all funds (amounting to approximately US$500 million) advanced under those agreements by the Bank on its own behalf and on behalf of a second bank for which it was acting as agent. In view of the threat of disruption and uncertainty caused to the Group's business by these developments, the Board decided to request suspension of trading in its shares and entered into negotiations with the Bank. On 19 August 2007 the Company and GmbH concluded a restructuring agreement with the Bank (the "Agreement"). Under the Agreement, the Company acknowledged that, save in the event of a default situation under the Agreement, the sum of US$50 million was due and payable by the Company to the Bank as a primary obligation in respect of the advances made by the Bank to the Company. The Company also guaranteed the repayment of a total amount up to a maximum of US$100 million (including the US$50 million primary obligation) (the "Guarantee"). The amount of the Guarantee was to be reduced by any amounts paid to the Bank by the Company and/or GmbH from the proceeds of the receivables. On 7 November 2007 the Company discharged its primary obligation to the Bank in full. The Company, however, understood at that time that it remained liable under the Agreement for the amount guaranteed less amounts repaid by the Company and/or by or on behalf of GmbH. Accordingly the Bank notified the Company that it believed that the Company's liability under the guarantee has crystallised. If successfully called, the amount of the Company's remaining guarantee would be approximately US$40 million-Following the entering into of the Agreement, the Board considered a number of alternative strategies and concluded that shareholders' interests would best be served by seeking to conserve the Company's funds and if possible to make a distribution to shareholders as soon as possible. To this end the Company sought to negotiate a release from the Agreement from the Bank so that the Company would not have any liability under that agreement (contingent or otherwise) thus enabling a distribution to ordinary shareholders to be made. The Company initially sought to persuade the Bank of the merits of such a release on the basis of a number ofreasons including the fact that the Company had repaid its primary obligation of US$50 million to the Bank, and it was in all parties' interests to ensure that independent minority shareholders' interests were considered. In June 2008, the Bank publicly announced that it had seized various real estate assets in the UAE that were provided as collateral under the Agreement, and in October 2008, the Bank stated that it expected to recover the full amount of the loan in question from the seizure of those assets. The Board was encouraged by this development, particularly given the apparent public confirmation by the Bank that the real estate assets were sufficient to cover the Bank's exposure. The Board has continued to negotiate with the Bank in an effort to reach an agreement between the parties and secure a release for the Company. Regrettably those negotiations have so far been unsuccessful. More recently the Board has become aware of facts and matters pertaining to the circumstances surrounding the negotiation and signature of the Agreement (which contains the Guarantee). The Board has taken the advice of counsel which indicates that the Company may have good defences to any claim by the Bank under the Guarantee and that the Agreement may be unenforceable by the Bank against the Company. The ability of the Bank to enforce the Agreement and Guarantee against the Company will depend on an investigation of the full facts. Such investigations are continuing, as are discussions with the Bank.
soggy
13/7/2010
22:22
So am I but if they are in trouble still in dubai--it is likely to be long wait! There doesn't seem to be any way of finding out what is going on-- We can't even write off our losses I presume.
moormoney
13/7/2010
15:53
Hmmm.. still waiting for an update from the company bb
bladeboy
12/4/2010
00:01
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.
soggy
09/4/2010
09:56
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
01:52
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
01:18
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!!
moormoney
27/3/2010
09:55
I think we all resigned ourselves a long time ago to the truth that our money has gone....
soggy
26/3/2010
14:23
are we still alive?? fast losing hope here.
moormoney
08/3/2010
13:48
Does anyone know what came out of the meeting at the end of January? bb
bladeboy
27/1/2010
19:37
Keep hoping for good news Friday.
moormoney
27/1/2010
16:39
I can't make it but I think you're right that scrutable held some of these. bb
bladeboy
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.
moormoney
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...
mister md
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!
soggy
Chat Pages: 99  98  97  96  95  94  93  92  91  90  89  88  Older
ADVFN Advertorial
Your Recent History
LSE
CCH
Coca-cola ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210226 08:01:57