Hanover Cap Share Discussion Threads

[willo] 07/5/2003 15:02

Simon Robinson is the PR guy from Parkgreen Communications - doubt if he has done anything dodgy - probably just wants to be out of this so as to minimise criticism.

[simonevans] 04/5/2003 19:56

Director changes on Friday indicate to me that the company may well get a new broker. Two outgoing directors must have done something a bit dodgy to be kicked-out that quickly!

[sate_uk] 02/5/2003 11:47

If at first you don't succeed try, try, try again.
Sate

[energyi] 17/4/2003 15:59

From the other thread (this co. used to be called Oxygen)

sate_uk - 24 Jan'03 - 17:41 - 33 of 35
Who understands why Hanover has 'given away' 28.49% of the company for 18.5% of what exactly ? A piece of paper with the name of a company called 'Jubilee' which has only listed today. What security is there for the £2,500,000 ?
Sate

King Rat - 14 Feb'03 - 13:42 - 34 of 35
Anyone holding these shares would do well to have a look at the "In the City" section on pages 28-29 of Private Eye, issue 1073 (7 Feb-20 Feb).

To my eyes, that article would make a pretty compelling argument for selling.

Regards, King Rat

[energyi] 17/4/2003 15:50

Is it a Mining incubator?

[2441] 17/4/2003 15:32

Should this one fold my theory is that the major creditors will be private companies who provided some 'imaginary but costly service' to Hanover and who will just happen to be owned by the board members of HAO - the Mali Mine, remeining interests in Tera Group etc will then be simply handed over.

So happy this was just a little 'side bet' from the days of Oxygen & Tera Group - means I can have my conspiracy theory but not let it get me down.

[bereft] 16/4/2003 00:10

I would be quite happy to assume the role of adviser. I could give plenty of advice to this board, much of it ending in "off"

[simonevans] 15/4/2003 22:01

The delay in appointing an advisor looks ominous doesn't it. Looks like this company may be finished - if so, it will bring-down 2/3 other AIM shells with it e.g Room Service, Underwriting and Subs. etc.

[2441] 11/4/2003 09:35

These guys produce a better story than 'the loaves and the fishes' - keep renaming the company so the story never goes stale, keep splitting and issuing new stock to raise capital (for Directors salaries), issue new stock to pay off creditors - don't consult the shareholders.

Let this be an example to everyone 'there is a way to print your own money', rather than criticise perhaps emulation is in order.

Wow...you've got to admire their 'balls'.

M

[bereft] 11/4/2003 08:21

A really good auditor is needed here. Clarity is required over who's debt is being taken on and to whom new stock is being issued. There are prvious failures in the histories of board members.

[simonevans] 09/4/2003 13:34

Grant Thornton are resigning tomorrow. Suspension tomorrow?

[sc14914] 01/4/2003 09:54

Funny ha ha - pass me a rope. What the hell are these people doing !! Sliding towards the old Tera price - as you say Bereft the only winners here are the directors. Anyone see any light at the end ? It is April 1st isn't it ?

[winwoo] 25/3/2003 14:07

Hanover Capital Group today said it has acquired from the professional advisers and other creditors of Underwriting & Subscription the outstanding debt amounting to £221,952.60.
These creditors have agreed to accept ordinary shares of 1p each in Hanover in full and final settlement of their debts.
This now means that Hanover is a major shareholder of USP.
It is proposed that USP will settle the debt now owed to Hanover through the issue of 2,774,408 ordinary shares of 1p each in the capital of USP at a price of 8p each.
Hanover will not call for the capitalisation of this debt, however, until such a time as USP completes its proposed investment in the mining sector.

ICV Edited News from Dow Jones
1812 GMT Mar 21 2003

[jivinjizz] 24/3/2003 09:09

Also watching with interest.

JJ

[rheiner] 24/3/2003 08:57

C S - You know more than I do about this but perhaps we shall learn more soon. I will watch for a bit.

[captain swing] 24/3/2003 01:34

U & S was mentioned in the Private Eye article of a few weeks ago which was referred to on one of the other threads I believe. I've not read that article & have no idea what is going on here but really, the share price movements on this and Jubilee (JIT -- share swap with HAO) have flashed a warning. After all, JIT holders have seen their capital scrunched 20% in recent weeks.

HAO gold mining interests are in Mali, OK, fine. Perhaps some connection with Randgold? Don't know

[rheiner] 23/3/2003 23:48

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.
[e-mail]
lam

[jivinjizz] 23/3/2003 21:34

Anyone with any comments about the HAOs aquistion of underwriter's stock announced after close on Friday?

[responsible lad] 21/3/2003 09:44

Ashame I wish you would be more confident Double6.
Try Redstone Telecom. Over 3.5m buys and a very illiquid stock. Normally moves fast on little buying or selling.

[jivinjizz] 21/3/2003 09:39

What is going on here? I bought in at 6.75, and am making a profit, but I don't know why. This is annoying me intensely. Today up 6.2% with no buys

[rheiner] 21/3/2003 00:27

HAO beginning to stir. According to iii site this is mainly a gold mining stock so I am surprised it has not risen recently. Not a great many shares in the market apparently so it will not take a lot of buying to move it. I will watch it a bit longer. Anyone know anything positive ?

[rheiner] 21/3/2003 00:22

HAO beginning to stir. According to iii site this is mainly a gold mining stock so I am surprised it has not risen recently. Not a great many shares in the market apparently so it will not take a lot of buying to move it. I will watch it a bit longer. Anyone know anything positive ?

[double6] 20/3/2003 16:56

RL - Looks like I missed the boat again !!