Ensor Share Discussion Threads

[dangersimpson2] 29/11/2018 13:00

I think there will be a final return still to come but it is pocket money at this stage.

[simso] 29/11/2018 12:07

Hi tiswas....seems funny seeing your name twice today, in otherwise empty chatrooms! Hope you are right about FCCN and "somebody knows something"...albeit the volumes driving the price rise are quite small.

I had assumed we were complete on ESR...but hope you are right and another 2p or so is due.

[tiswas] 29/11/2018 11:54

Are we not due another couple of pence or so? I did send a note to BDO last week but no reply as yet.

[davidosh] 05/6/2018 16:16

information coming.....

[strathroyal] 12/5/2018 09:31

I see that they have sent Liquidators statement of receipts and payments to Companies House which will be available for viewing shortly. Presumably that will provide final details.

[udny] 07/5/2018 14:11

also received My 5p Hoping for a couple more eventually.

[udny] 07/5/2018 14:10

also received My 5p Hoping for a couple more eventually.

[tiswas] 05/5/2018 15:32

I am probably talking to myself but my 5p arrived.

[tiswas] 30/4/2018 15:15

Anyone know of next payment date?

[tiswas] 12/10/2017 13:54

All too true dangersimpson, a lesson learned for me.

Anyone have any news on the timing of the 7p?

[dangersimpson2] 25/7/2017 14:07

Yeah I've penciled in another 7p ish but think it will be a long wait until the company is finally wound up. It was never a big position for me so is fairly inconsequential in reality. It is nice to get more than the c50p the market was offering after the delisting announcement though. The learning points have probably been worth the modest fee.

Although it seemed unlikely that the voluntary sale & wind up of a company trading on a P/E of 7 could generate negative value that is what happened since:

- Private company sales rarely generate a high multiple of earnings and often the focus is on book value over earnings.

- The cost of professional fees from selling any business is going to be substantial.

- If you want the money distributed in less than 6 years you have to pay substantial insurance costs.

- If you want existing management to stay on during such a period of uncertainty you have to agree to pay them large amounts of money.

Taken together it means I would avoid wind up situations in the future unless there was a large discount to cash & freehold property. I would value trading businesses to be sold at a substantial discount to net assets to reflect the fees & insurance due and ignore any earnings or cash flow in valuing them.

[simso] 25/7/2017 13:47

We have had 53p, and the Statement of Affairs said a fraction over 60p...so a bit more to come. They owned some land that they were trying to sell, so that might be the major element of the balance now.

[fozzie] 25/7/2017 13:34

Anything else to come here or are we all done now?

[tiswas] 17/7/2017 16:26

Anyone been in touch with the liquidator about the balance?

[tiswas] 30/6/2017 09:50

Mine arrived today as well.

No indication as to when and how much next/final distribution will be, as liquidation permits.

But I guess anyone still reading this know that!

[pavey ark] 30/6/2017 09:46

23p/share received this morning.
Not got the fastest post here so I take it that everyone else has their cheque.

[tiswas] 29/6/2017 08:42

Cheers simso, I have been hearing the same but not been given a value.

[simso] 29/6/2017 08:18

Hi Tiswas. Yet i spoke to the Liquidators this week, and think the next distribution it is imminent

[tiswas] 29/6/2017 08:16

anyone still here?

[tiswas] 15/5/2017 09:25

Anyone got a date and value for the next distribution? I am hearing that an insurance policy needs to be put in place first.

[kev0856153] 19/4/2017 12:43

They really outed value for shareholders then. What has happened here is all very odd. I'm suspicious now that the financials released to the market were not accurate and when the directors discovered this they've tried to make the best out of a bad situation by selling everything. These were Chinese companies that were sold were they not?