Gable Hldgs Share Discussion Threads

[escapetohome] 15/7/2016 17:47

This probabably represents tiny amounts to them, they will have billions under management.

They can afford the luxury hopefully never to trust mr dewsall again, but write off this investment.

[solarno lopez] 15/7/2016 15:42

that's because he shouts louder than anyone else

[the stinger] 15/7/2016 15:25

adyfc, how he has got away with this is unbelievable!!, who are the major shareholders here and why are they not questioning matters?..

[adyfc] 15/7/2016 14:09

Don't worry Dewsall is a phoenix he'll rise from the ashes and start his next company up from the remains of Gable.

[garbetklb] 15/7/2016 08:26

I read the RNS briefly - it doesn't seem to say anything constructive except idle waffle.

I can't recall a company who stopped underwriting restarting - my guess is that GIAG is a dead duck. And i'd be very surprised if the reserves prove adequate. I suspect the authorities in Lichtenstein are in for a nasty surprise. Without a bit more digging (which I've not time for as I'm on hols with my kids), I don't know which policyholders are likely to be protected by which compensation schemes to what extent - in the event of GIAG failing.

My 1st investment check is "Do I think the management are trustworthy & competent"; my 2nd check is "Is executive remuneration reasonable". For ME, GAH failed on both from the start.

EVERYTHING about Gable screamed out "Red Flag" - domicile, classes of business, ragbag of business written in multiple territories, lack of insurance experience on the Board, lack of details of underwriting/claims staff on website, ludicrous executive remuneration - even WD's picture! Google WD Hogarth FSA - I find it hard to understand how someone competent could get involved in issuing unlicensed EL policies. And he refused to tell me when asked in person - "confidential agreement with FSA".

If anything emerges, I suspect it will be around Hogarth - which is owned by? Not GAH but WD......

I'm v sorry for shareholders but I've tried, publicly & privately, to warn people of the problems emerging for a long time.

[solarno lopez] 15/7/2016 08:08

I agree no relist

[the stinger] 15/7/2016 08:02

In effect they are winding down, therefore depends whats left of the reserves when transfer occurs and if they can recoup some of the £7.9m receivable.

Doubt they will trade under S2...its all talk. Very surprised other II's are not getting involved.

[escapetohome] 15/7/2016 07:50

If thats the case my stop loss action was a godsend.

A 15 percent loss rather than 100 percent.

[the stinger] 15/7/2016 07:39

Solarno, looks like they wont relist. Dead duck. Not sure if any of the £74m reserves will be left over, and the £7.9m receivable claim wrote off? just like that.

Looking at the last few RNS's its all been a con. Garbet was right i'm afraid.

[maxmarilli] 15/7/2016 07:37

Further details of these arrangements will be made as necessary at the appropriate time, no later than the publication of the Company's 2015 Annual Report and 2015 full year results announcement.

[the shuffle man] 15/7/2016 07:01

So I think they have 3 months from the date of suspension to release audited results or they are delisted permanently.

[solarno lopez] 15/7/2016 06:58

They wont re-list until restructuring complete is my guess

[solarno lopez] 15/7/2016 06:57

Yes they are stopping writing business for a period of time

[the shuffle man] 15/7/2016 06:54

I don't think they will relist as the results of the Group don't seem to have been signed off by the auditor.

The Board has made good progress in its discussions with third parties regarding the implementation of the Strategic Restructuring Plan and on this basis, the Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Whilst our negotiations with third parties provide the basis for the Board's view on Going Concern, this forms insufficient evidence for the auditors to form an opinion on the Group accounts. However, accounts for our insurance subsidiary, GIAG, were approved by the auditors and filed and

[bellister] 15/7/2016 06:52

it looks like they are stopping writing new business ?
Good or bad sign ?
Any ideas anyone ?

[maxmarilli] 15/7/2016 06:40

should relist today or Monday...

[solarno lopez] 15/7/2016 06:20

RESULTS OUT

[the stinger] 11/7/2016 13:35

Have to wait and see however the PR man seems confident a return to trading is not far away.

[bellister] 11/7/2016 11:12

Wishful thinking if you think the good news will be for shareholders.
I do suspect there is some good news coming for WD, however it wont involve paying shareholders, more likely some sort of management fee project.

[garbetklb] 11/7/2016 11:08

Hi Stinger
What accounts?

[solarno lopez] 11/7/2016 11:07

steady on or you will be accused of ramping

[the stinger] 11/7/2016 10:50

Shuffleman, by all accounts there's some good news coming..hang on..WD may just surprise!!.

[the shuffle man] 11/7/2016 07:56

What is the definition of early July !

[solarno lopez] 04/7/2016 06:15

And don't who started this company none other than Andrew Regan and associates