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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fayrewood | FWY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 123.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 123.50 |
| Top Posts |
|---|
Posted at 09/11/2011 11:59 by deswalker The Special Resolution to appoint a liquidator passed at yesterday's EGM. The letter on the FWY website says that the capital distribution is anticipated "in or around May 2012". Six months to go. |
Posted at 25/2/2009 13:47 by betman Final payout RIP FWY |
Posted at 21/2/2009 18:20 by mjcrockett contoul, I have some FWY shares in a Barclays account. I did not reply to their letter because the letter said that the default option was to take the cash and that is what I wanted to do. I expect to see my payment in a couple of weeks time and so should you. Barclays seem to take a few days longer than others to clear such payments.MJ |
Posted at 20/2/2009 15:07 by contoul Your help please. I had in my portfolio in Barclays Stockbrokers 570 FWY Shares.As I was working abroad I did not get the letters and concequently did not reply. Means that I did not select any option. I noticed that the shares have been suspended and when asked about them, the dealing department told me that the shares are not trading anymore and my investment has been lost. I can not believe it. I am sure that something has to be done. Is that correct? Can anybody give me some help. I feel like fool. |
Posted at 20/2/2009 15:06 by contoul Your help please. I had in my portfolio in Barclays Stockbrokers 570 FWY Shares.As I was working abroad I did not get the letters and concequently did not reply. Means that I did not select any option. I noticed that the shares have been suspended and when asked about them, the dealing department told me that the shares are not trading anymore and my investment has been lost. I can not believe it. I am sure that something has to be done. Is that correct? Can anybody give me some help. I feel like fool. |
Posted at 12/2/2009 17:52 by deswalker The FWY Scheme is now effective. Has anyone else gone down this route or am I all alone :-( |
Posted at 12/2/2009 17:32 by old boy returns I went for the all cash option as well in the end. Low interest rates and strengthening pound swung it for me in the end and I am looking at building a high yielding portfolio of corporate bonds, preference shares and PIBS with the cash. If it works out it could provide a nice little pension income to fall back on. It is the end of a long and ultimately rewarding journey for me with FWY although I will keep an eye on Letchworth shares which IIRC will be tradeable and may have a little dabble at some point if they look good value. |
Posted at 12/2/2009 13:47 by deswalker This is a thread to monitor the development of Letchworth Investments Limited, a company spun out of Fayrewood plc (FWY) to manage the wind down of the FWY assets which couldn't be returned to shareholders in February 2009.Letchworth shares in issue = 10,492,127 Register: Mario Legoboru = 3,268,020 David Kleeman = 828,681 Keith Negal = 30,245 Richard Templeton = 9,000 Sir Tim Chessells = 7,259 North Atlantic Value Fund LLP = 3,500,000 Stefan Link = 474,289 Richmond Nominees Limited = 400,000 Simon Wharmby = 200,000 Unnamed Others = 1,774,633 Relevant websites for Letchworth info: |
Posted at 16/1/2009 11:03 by scburbs StewJames,Looks that way. From the purchasers perspective they had £1m they could access in escrow and £1m that they would have had to claim off the remaining FWY company stripped of most of its cash. It is quite understandable that they wanted to use the massive leverage created by the cash return needing court sanction to secure the full £2m without argument. From FWY's perspective I suspect this has also played into the hands of the Letchworth shareholders. Whilst they have lost the £2m I suspect this was always expected to be the case and it is likely that the percentage of FWY shareholders that accept the case sum will be materially increased by this little drama! The more shareholders that accept the cash the better return for Letchworth shareholders if they can outperform on the remaining claims. |
Posted at 10/12/2008 10:12 by old boy returns What fun ! In case anyone has not realised this is not an external offer but rather an offer by a company being set up specifically to buy FWY which will be owned by the FWY shareholders who opt for the cash and share option rather than the all cash option. I think the plan is that post acquisition FWY will pay dividends to the New Company which will then pay dividends to its shareholders. Lots of interesting permutations depending on the number of FWY shareholders who opt for the all cash exit. If most do that then those who do go for the cash /Newco share option could get a decent premium for their patience. It follows that if you expect most to go for the all cash option then buying FWY shares now and then taking the cash and share option on them presents a very attractive risk / reward combination. |
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