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Share Name | Share Symbol | Market | Stock Type |
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Hanover Cap | HAO | London | Ordinary Share |
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Posted at 08/4/2006 18:12 by mryesyes I'm sure the Hannover & St James Directors are thinking of you!Unfortunately small PLC's are simply not policed. ENRON were a huge company but at the size of this outfit you get away with fraud. Each individual investor has too little of a loss to waste time on it, let alone their lack of knowledge and understanding. The institutions do not buy these companies and if they do they don't let on!!!!!!!! |
Posted at 07/2/2006 00:22 by trading blue 16.12.05 - St James Capital Holdings, Inc. Further Investment in Hanover Capital Group plc - Company injects funds into Hanover Capital Group plcNew York, December 16, 2005, St James Capital Holdings, Inc. (OTC Pink Sheets: SJCH) announced that it has injected an amount of £60,000 into the United Kingdom based Investment Company, Hanover Capital Group plc. St James controls in excess of 80% of Hanover Capital Group plc and whose sole significant asset is shares in Great West Gold, Inc. Common Stock. (OTC BB : GWGO). St James invested an amount of £60,000 (US$106,000) in cash for exchange for 6,000,000 Ordinary Shares of 1p (US$0.18) each in Hanover Capital Group plc. Stephen Lumb, the President of the Company said that St James was intent on "cleaning up" Hanover Capital Group plc and that these funds were required by Hanover Capital Group plc to settle Audit fees, statutory amendments and to for the settlement of legal fees accrued to prepare documentation to take Hanover Capital Group plc "Private" and to become a wholly owned subsidiary company of St James. Stephen Lumb is the Chairman of Hanover Capital Group plc. St James Capital Holdings, Inc. ("St James") owns the UK based St James Resource Management Limited Group of Companies which operate primarily in the Structured and Corporate Finance arenas advising clients on capital raising, restructuring and admission to equity markets in the United Kingdom and in the United States. St James invests on a short term basis in these companies as well as providing short term capital prior to their flotation on the UK and USA equity markets. St James places lines of stock in these client companies for cash, post their admission to the UK and the USA equity markets and provides PIPE Financing. St James also holds a portfolio of development Real Estate in the United States as well as a very significant portfolio of quoted equities which are accounted for as Trading Stock. St James has a net asset value of in excess of US$600 million and posted earnings in excess of US$4 million in the last financial year. St James now has in excess of 100 clients which are in the process of seeking admission to the UK and the USA equity markets at this time; as well as a large number of existing clients whose stocks and financial instruments are quoted on the OTC BB Market and on the OTC Pink Sheets Market. St James Capital Holdings, Inc. creates American Depositary Receipt ("ADR") programmes for each of its clients which allows for arbitrage opportunities and creates a smaller "float" for each of these companies. St James provides clients with introductions to highly skilled and aggressive Investor Relations companies to create significant stock awareness and stock liquidity. St James arranges PIPE Financings for its clients through its own resources and through third parties. St James is now planning a move into the Banking and Trust Company Sectors to provide additional services to its clients to exploit numerous synergies with companies in which it holds an interest and with certain strategic partners. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements. For further information contact: St James Capital Holdings, Inc.: sclumb@stjcapital.co |
Posted at 29/1/2005 17:15 by mad mac some old news"It has been a difficult year for Prestige Publishing PLC ('Prestige' or 'the Company'). The loss before tax was £292,722. As I have mentioned previously the aim of your Board of Directors is to secure a future for your Company. As a consequence, the Board has substantially reduced the Company's overheads and effectively put the investment portfolio into hibernation in order to minimise Prestige's expenditure. In essence, the Company is now a shell and we have been looking for a business or individuals who could assist us in taking Prestige forward. In view of the above and in order to secure the Company's future, Prestige entered into an agreement with Hanover Capital Group plc ('Hanover'), details of which were sent to shareholders on 27 March 2003. Hanover had indicated that, together with a group of investors, it would introduce to the Company significant investment opportunities together with sources of finance. Hanover paid the majority of the Prestige's creditors by the issue of Hanover shares, but no further finance has been forthcoming, either to settle the balance of Prestige's creditors or to provide additional working capital. On 25 March 2003 Ronald Lowenthal and Simon Robinson joined the Board, following the resignation of James Piesse and James Fellowes on 29 January 2003 and 18 March 2003 respectively. Both Ronald Lowenthal and Simon Robinson were Directors of Hanover at that time but subsequently Simon Robinson has resigned from Hanover. " |
Posted at 27/10/2004 17:49 by annbar West Africa Gold, Inc. Declares a Stock Dividend Company Declares a 20% Stock Dividend to Reward Its Shareholders NEW YORK, NY -- (MARKET WIRE) -- 10/25/04 -- West Africa Gold, Inc. (OTC BB: WAGI) announces that the Company has authorized a 20% (twenty percent) dividend of the Company's common stock for its shareholders of record as of Monday, November 8, 2004. The distribution to shareholders should be completed by the end of November 2004. With this, the Company wishes to thank all its shareholders for supporting the Company's efforts in the development of the Company's mining properties in North America and in Mali, West Africa. Michael G Saner, the CEO of West Africa Gold, Inc. said that he was delighted that shareholders were being rewarded in this manner and hoped that this would contribute to increased support for the Company and its Mining Exploration efforts and hoped that this would offset some of the losses suffered by the Company's shareholders caused by the unexplained and very substantial fall in the Company's share price in recent months. About West Africa Gold Inc.: West Africa Gold (www.westafricagold. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements. Contact: West Africa Gold Inc. + 1 212 672 1851 E Mail : investor@westafricag |
Posted at 18/9/2004 09:25 by wikroberts Friday's price on WAGI: $0.02 (down from the reported $0.15)!I've emailed WAGI twice, asking them when shares were distributed (their own announcement used the past tense months ago). I have had no response. My best guess: WAGI and HAO only exist to shaft the small investor. Doubtless we will get our shares just about the time that they become worthless. |
Posted at 23/3/2003 23:48 by rheiner Found this which came out last Friday 21/3/03. May create some interest.LONDON (AFX) - Hanover Capital Group PLC said it has acquired from the professional advisers and other creditors of Underwriting & Subscription PLC (USP) the outstanding debt amounting to 221,952 stg, making the group a major shareholder of USP. These creditors have agreed to accept ordinary shares of 1p each in Hanover in full and final settlement of their debts, the AIM-quoted mining investment company said. It is proposed that USP will settle the debt now owed to Hanover through the issue of 2,774,408 ordinary shares at a price of 8p each. Hanover added it will not call for the capitalisation of this debt, however, until such a time as USP completes its proposed investment in the mining sector. In a separate statement, USP said it is convening an EGM for April 17 to consider and poosibly approve the restructuring of the company and the company's share capital with the view of settling debt and increasing shareholder value. The restructuring comes as a result of an approach from Hanover Capital and a group of investors with extensive knowledge of and contacts in the gold mining industry who will introduce the company to other investment opportunities and alternative sources of finance, USP added. Considering the proposed shift from the new technologies sector towards investment in the mining sector, it has been agreed that following the appointment of Ronald Lowenthal and Simon Robinson, both directors of Hanover, USP will also appoint an independent non-executive chairman in due course, it added. newsdesk@afxnews.com lam |
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