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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Financial Dev | FDC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
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Posted at 05/2/2005 17:00 by golferscoop2 Very interesting Simon and thanks for sharing your thoughts.You obviously seem to place great faith in the opinions of your 'friend' and make a reasoned case why you/he feel a short position makes sense. But what does he know that the fund managers of Morgan Stanley Securities, Cantor Fitzgerald, Man Financial, Gartmore etc. don't? And what relevance does Terry Ramsden have to FDC/Firstafrica (all one word!) Oil? Wasn't he shown the door last October? Why implicitly slander the current board by writing as though it's still Ramsden's baby? And what on earth prompted you to buy 500,000 shares in a stock you thought was Ramsdens and then write the following?? "Simon Cawkwell, who adds: WELL, THERE YOU HAVE IT. I also add that I am a huge fan of anybody (in this case T.Ramsden) who has put £1m on a bet on a racehorse. But I don't have to buy his stock." Curiouser and curiouser......... |
Posted at 04/2/2005 12:19 by simon cawkwell Gentlemen,I have just had a chat with my friend. FDC can go up next week. So there is a real problem on timing the short sale. But, long term, this is a collapso in the making. Simon Cawkwell |
Posted at 04/2/2005 09:28 by simon cawkwell Gentlemen,I pass on the following opinion given to me. I sold 500,000 at 12.25p on 3rd February: "I draw your attention to FDC (Financial Development Corporation) formerly known as Hansard and about to be known as First Africa Oil as of 8th February. Hansard was one of the T Ramsden summer ramps 30p to 140p and back in a month(look at the chart). It had a 1 for 10 reverse consolidation. So at 13p is now back to near all time highs. On Tuesday, 8th February, Energem (Toronto symbol ENM mcap £117mn) is reversing some of its African exploration assets into FDC for 51% of the enlarged company in new shares. The deal was done at a nominal 3.5p. There will be 1.48bn shares in issue valuing FDC at a staggering £192m. This means that Energem's stake in FDC will be worth 83% of its own current market capitalisation. Energem has sales of US$ 150 mn and the idea that its African exploration assets account for 83% of its worth is manifestly absurd. FDC or First Africa Oil as it will be known has no sales and cash of £5mn. It is, in my view, a stonewall short. The lock up arrangements on the new shares are so vague as to be worthless." Simon Cawkwell, who adds: WELL, THERE YOU HAVE IT. I also add that I am a huge fan of anybody (in this case T.Ramsden) who has put £1m on a bet on a racehorse. But I don't have to buy his stock. |
Posted at 03/2/2005 22:37 by dr knowledge golferscoop2 - I can only offer comment on shares I know something about! I don't even own any FDC currently (bought & sold some on the rise thus far). The only reason why I am here is that from a "nothing" stock for me at least, it is now definitely on my monitor and I an seriously considering buying A LOT!! Tell you why........................apart from the above (which is quite a lot!!!) - when the new company emerges there are going to be a lot more shares in circulation, now it sounds naive - but why have so many institutions been so eager to buy in now at current share price levels???? If they had of taken a chance and waited - with the low volume of PI investment - chances are the share price could have dived. Alternatively, a lot of companies rise on such occasions only to drop back following admission - now to me that begs the question as to what made the institutions agree to a lock-in period (usually 12 months). The company has even told us that the see no reason to raise additional funds following admission (and for 12 months)- we normally hear precisely the opposite and AFTER admission to boot!!!! On that basis I can only conclude that they see a proposition that they like (a lot!)and maybe just maybe they know a lot more than we do of the prospects in Gabon! Im not saying the share price will rocket - but it is one definitely worth watching as it is rare to get in at the very start (or near as hell to it!!!). Good luck whatever happens! |
Posted at 25/1/2005 15:17 by dr knowledge "Financial Development Corporation plc was informed today that Man FinancialLimited has an interest in 24,870,000 ordinary shares in FDC. This represents approximately 6.88 per cent. of the issued share capital of the Company." Yet another one!!!!! Weird or what! |
Posted at 13/1/2005 11:55 by morphy101 lol. Thanx. Once received I might top up on my FDC at 15p... |
Posted at 13/1/2005 11:49 by pomp circumstance West Africa, wonmderfull.I spose FDC will be sending them some money to release oil!! ARGHHHHHHHHHHHHHHHHH |
Posted at 27/12/2004 23:24 by brugha Here's a link to the company that FDC we earlier tipped to be sniffing aroundworth some 100 million pounds Any likelihood that FDC could be biting it, given they only have about 7 million? |
Posted at 01/11/2004 16:20 by susier Today's Independent says 3 business associates of Terry Ramsden are being sued for £15m over the botched fund raising by FDC. Also says that FDC still has the option to buy Griffin Leisure, although the purchase has collapsed. Instead FDC is a rich cash shell looking for a reverse takeover. |
Posted at 14/10/2004 21:48 by mrba5hir from today's ukanalyst market report :So, it was announced today that ex-con Terry Ramsden has sold his notifiable interest in both Financial Development Corporation (FDC) and TradingSports Exchange. FDC, formerly Hansard, was involved in a deal to buy some land in Barbados that was owned by Griffin Leisure aka Terry Ramsden. It was ascertained by UK-Analyst.com that there was no planning permission for the land in Barbados. The land was to be sold to FDC for 300,000 pounds - a fraction of the cost that land usually goes for in the St James region. Plots of land usually cost several million pounds - with or without planning permission. But the sale of Ramden's notifiable stake in the group mean that this deal will probably not go through - making the potential acquisition of another PR group look unlikely. Finance Director Paul Foulger is yet to return UK-Analyst.com's call, but we will keep you informed on what he has to say on this. Shares in FDC added 0.25p to 3.5p, with TradingSports Exchange stock gaining 4.5p to 19.5p. If you are are daft enough to own these shares you are probably among the terminally deluded who own Ramco. Smell the coffee, sell the lot. |
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