Gable Hldgs Share Discussion Threads

[escapetohome] 03/10/2016 11:19

Total con job.

Better to kill it then let it ramble on year after year sucking and conning investors that its viable business, like some other aim shares i know, just being a trading share never an investment.

Perhaps that the silver lining here.

[wigancasino] 03/10/2016 11:09

That's my point LM.

On one hand Dewsall quotes: "The delisting process form a vital part of the cost cutting measures which were identified but, I am sure, will benefit the ultimate outcome of the Plan."

When that is compared to the following announcement,

On 12 September 2016 our Nomad, Zeus, resigned which has triggered a delisting process and, whilst we continue to explore the possibility of securing a replacement, if a nomad is not appointed by 13 October 2016, the Company's listing on AIM will be cancelled.

It is quite clear it is all smoke and mirrors, Dewsall has no intention of carrying on with the AIM listing let alone appointing a nomad as this would cost money. As you say though, you have to be very choosy with AIM companies as CEO's and the like have seen it a way to make a quick buck being effectively unregulated with the investor's carrying the can.

And yes, I have a few of these that will end up lining the bottom of a draw for years to come! Made money on the climb and lost money on the descent. Hindsight is a wonderful thing and feel sorry for those who have been heavily stung.

[luckymouse] 30/9/2016 19:56

WiganCasino - aim is effectively unregulated or lightly regulated - as such all professionals concerned know this - so don't care - they just want their fee & move on

[saucepan] 30/9/2016 18:49

"Our Chairman and all non-executive directors have stood down from the Board"

Is that newspeak for rats have abandoned a sinking ship?

[wigancasino] 30/9/2016 14:38

William Dewsall quote, "The delisting process forms a vital part of the cost cutting measures which were identified but, I am sure, will benefit the ultimate outcome of our Plan."

Nomad, No Way! Just getting closer to the wall!!

[wigancasino] 30/9/2016 14:26

A nomad’s fundamental responsibilities The London Stock Exchange (LSE), which has operated AIM since the launch of the junior market in 1995, has always relied on nomads as its principal tool for maintaining standards on the market. However, it was not until 2007 that the present rules for nomads were issued by the LSE, which laid down more detailed guidelines defining nomads’ responsibilities. A nomad’s basic task is to ensure a company is suitable for AIM and guide it through the IPO process. This encapsulates undertaking appropriate due diligence, overseeing the preparation of the company’s admission document and preparing it for life on a public market, as well as verifying that the directors are appropriate and capable of acting as a board. A company’s nomad must also act as its primary regulator during its time on AIM, keeping abreast of developments at the company and ensuring it understands and continues to abide by the AIM rules. For example, if a new director is appointed to the board, the nomad is expected to ensure that he or she is an appropriate person to act as a director. Thompson of Cantor Fitzgerald discloses that he has been involved in three ‘board overhauls’ over the past year, which included ‘upgrading CEOs and FDs’

[maxmarilli] 30/9/2016 14:25

I have made good progress on this and I am confident that an announcement will be made on this matter very shortly

[maxmarilli] 30/9/2016 14:17

just needs to find new nomads?any comments?

[maxmarilli] 30/9/2016 14:16

Outlook - Strategic Restructuring Plan
-- Excellent progress with the provision of alternative capacity for the group's book of business
-- Considerable progress has ensured that running costs are at minimum sustainable level with a view to creating a lean business available for recapitalisation

[maxmarilli] 30/9/2016 14:08

Article above is about garantees to football club for a total of 20mill euros.They were saying the guarantee will cease if gable pull out of aim,but it shouldn`t be the case.Today interims were better than last year.let`s hope they will relist soon and start again.There is more cash put aside so it will depends on claims.....La società, che ha sede in Liechtenstein ma uffici a Londra, ha garantito ai blucerchiati 12 milioni di euro, 800 mila euro ai pugliesi e 350 mila euro a ciascuna delle società della terza serie italiana per un totale di circa 20 milioni di euro.Serie a team sampdoria guarantee for 12 mill euros,bari`s serie b 800k euros and all third divison`s teams 350k euros each.The case came put when a newspaper highlighted that gable was delisting on 12sept news but is not the case even if delisting guarantee are still valid.

[garbetklb] 21/9/2016 18:25

Interesting article Shuffle - and, no, I can't explain it, even with the help of Google Translate. I can make a bit of a guess, but it could be entirely wrong.

There's a class of insurance known as Contingency, which can/has covered a multitude of types of business, some entirely above board, some which would raise eyebrows and some distinctly dodgy.
At the respectable end, there are classes like cancellation of concerts / events for various reasons (including the artist not turning up), some sorts of legal indemities (covering lost documents, missing beneficiaries, breaches of covenants etc), prizes being won - roll 6 sixes and win a car etc.
Some of the more "interesting" might include replicating lotteries, promotion over redemptions (remember Hoover flights to the USA....)
And better not to go into the dodgy ones.
An area that is normally totally excluded is providing any sort of financial guarantee. I think you need a specific licence from the regulator to write financial guarantee - but this is Lichtenstein, so who knows?

I know more about insurance than football, but I believe there is a deadline for transfers between clubs? Assuming there is a bit of a stampede as the deadline approaches, could a situation develop whereby there are lots of interlinked deals - eg assuming the deal whereby we sell player A for x goes through, we can then use the x to buy player B. Presumably there could be a variety of reasons for a deal to fall through - notably a player failing a medical?

So a couple of thoughts :

If all the transactions go via the clearing house (that Google suggests exists), someone would have to insure against money going astray. I doubt it is this as this is much more mainstream - Fidelity Guarantee, Theft etc

I wonder if there is a policy to effectively guarantee that all the transactions that have been entered into by the deadline go don't fail for various specified reasons?

I'd stress that this is just a guess and could be completely wide of the mark

[the shuffle man] 21/9/2016 16:38

Can anyone make out what this is all about ?

[maxmarilli] 16/9/2016 21:48

Well well...not delisting....something major happened behind the scenes....1 or 2 week and we should know everything...I think the new buyer wanted the listing as part of the deal...

[topvest] 16/9/2016 19:10

Think Miton have some of the loan notes in the Diverse Income Trust. They should have known better!

[crapshare] 16/9/2016 17:05

Information concerning Gable Insurance AG
15.09.2016
Gable Insurance AG, Bergstrasse 10, 9490 Vaduz, is an insurance undertaking having its seat in Liechtenstein being licensed for non-life insurance classes 1, 2, 3, 7, 8, 9, 10, 13, 15, 16 and 17 of Appendix 1 of Directive 2009/138/EC.

On 7 September 2016, the Liechtenstein Financial Market Authority (FMA) issued a formal order (Verfügung) against Gable Insurance AG, prohibiting the conclusion of new insurance contracts and the transfer of assets to affiliated entities and persons. This formal order covers all classes of insurance and all jurisdictions and became effective immediately upon delivery to Gable Insurance AG on 9 September 2016. In its formal order, the FMA clarified that the statutory term “new insurance contracts” also covers renewals and extensions. Pursuant to Liechtenstein procedural law Gable Insurance AG has the right to file a complaint against the FMA’s formal order within fourteen days from delivery. Please note that the FMA is not in a position to provide legal advice on the implications of its formal order under provisions of contract laws applicable in a specific jurisdiction.

[escapetohome] 16/9/2016 15:19

Is there life in the dog yet? Not much by my estimation, but the heart has not yet stopped beating.

In contrast to one or two posters who suddenly pooped up spreading 100 % gloom.

[garbetklb] 16/9/2016 15:10

I must admit to being surprised by this. I wonder who the bondholders are?

[euclid5] 16/9/2016 14:08

16 September 2016

Gable Holdings Inc.

("Gable" or the "Company")

Update re: Intention to delist



Further to the announcement made on 12 September and following representations made by a number of holders of the Company's loan notes, the Board has decided that there is merit in maintaining the Company's Ordinary Shares on the AIM Market. Accordingly, the Board is taking steps to appoint a new nominated adviser, the appointment of which would lift the current suspension and avoid a delisting. We will update shareholders as to progress in due course.

[thirdmanharry] 16/9/2016 09:50

What a disgrace.....

[escapetohome] 12/9/2016 11:26

Llyods bank also nearly became a cropper,

RBS FUCD , fools and their money eh?

[eezymunny] 12/9/2016 09:12

Perhaps those that continued to post ridiculous rampy posts, when anyone with a brain could see how dire the situation here was, will lick their wounds and be less ridiculous in future. Mr Ladbroke is offering 1000/1 :)


Fools and their money...

[adyfc] 12/9/2016 09:06

Give it a year and Dewsall will be back with his new venture sucking in new punters. The merry-go-round will continue.