London Asia Capital Share Discussion Threads

[jettyboy] 09/10/2012 15:48

ahhhhh! done a bit more digging and see it may well be a coincidence.

poor chap!

[loverat] 09/10/2012 15:23

Interestingly there is another Simon Littlewood who works in Asia. Looks like an older version of the LAC Littlewood but he seems to be respectable. It must be difficult being called Simon Littlewood and my sympathy goes out to them.

[jettyboy] 09/10/2012 15:13

Loverat
yeah i think it's a mix up

but this is defo our guy - his opening gambit includes the line ' our cash flow has never been better'!!

[loverat] 09/10/2012 15:09

Hi Jettyboy

Thanks - just found the link myself. I think there is someone called Simon Littlewood who works for them but looks to me a different person and perhaps the Grant Thorton Littlewood job description has got mixed in with our Littlewood's career details - or the other way around.

Have no time to have a closer look but perhaps an error or maybe another attempt to misrepresent ones experience to give an air of respectability.



Here is a link to a conference and the photo does not look like Littlewood.

[jettyboy] 09/10/2012 14:57

maybe they have confused 2 SL's?

[jettyboy] 09/10/2012 14:55

Loverat
that came from Business Week website
heres the link

[loverat] 09/10/2012 14:47

Not sure where the above information comes from but I thought Grant Thornton was a respectable international company so I would doubt he is/was employed by them.

This seems to be the last that was heard of Littlewood.



A person who purported to be the founder and chief executive of a licensed corporate advisory company in Hong Kong has been convicted by a local court and fined.

Simon Littlewood was found guilty by the Eastern Magistracy of conducting conduct corporate finance and asset management business without holding a licence from the Securities and Futures Commission. He was fined HK$5,000 and ordered to pay the SFC's costs.

According to a statement released by the SFC, the court was told that as well as claiming to be chief executive and founder of fictional company, Golden Bridge Merchant Bank, Littlewood had also created a website on which he claimed that the company had conducted a "number of corporate finance transactions and had an office in Hong Kong."

The SFC told the court that Golden Bridge had not conducted any corporate finance transactions and that the address it gave was "just a business centre".

According to reports on the internet, Littlewood was, or claims to have been, qualified as a chartered accountant while working for PriceWaterhouseCoopers and since worked at HSBC, BDO Stoy Hayward and Impax Capital

[jettyboy] 09/10/2012 14:44

i wonder if he will be attending?

[jettyboy] 09/10/2012 14:36

impressive???????? hhhhmmmmmm.........
listed as a director at Grant Thornton although i couldnt find him on their website
is he hiding??
-----------------------------------------------------------------------
Mr. Simon Littlewood, ACA MA has been a Finance Director of Commodity Growth plc (Formerly, StartIT.com PLC) since January 8, 2003. He is the Founder of Temima Group and is responsible for Temima Group's operations in Europe. Mr. Littlewood serves as Senior Manager of Grant Thornton UK LLP. He serves as Head of London Asia Investments Ltd. Mr. Littlewood founded London Asia Corporate Finance Ltd. and serves as its Chief Executive Officer since 1996. Previously, he Co-Founded London Asia Capital PLC and served as its Chief Executive Officer since May 2002, responsible for turning the business into an Asia focused investment group. Mr. Littlewood served as an Executive Officer of PricewaterhouseCoopers, LLP. He served as the Manager of Corporate & Structured Finance for Investment banking of HSBC Group from 1994 to 1995. Mr. Littlewood served as the Manager of Corporate Finance of BDO Stoy Hayward from 1995 to 1996. Currently, he serves as Non-Executive Chairman of Peach Blossom Media Pte Ltd. Mr. Littlewood serves as an Executive Director of London Asia Chinese Private Equity Fund Ltd. since March 2006 and Commodity Growth Plc. He serves as Non Executive Director of China Education Group Ltd. Mr. Littlewood serves as a Director of Europasia Education PLC, one of London Asia Capital's Investee companies. He serves as a Member of Advisory Board of Cleantech Group, LLC. Previously, Mr. Littlewood served as Independent Director of Asia Water Technology Ltd since March 2006. He served as an Executive Director of China Growth Opportunities Limited until October 19, 2009. Mr. Littlewood served as a Director of BDO Stoy Hayward Corporate Finance and China Financial Services Co. Ltd. He served as Director of China CDM Exchange Centre Ltd. Mr. Littlewood served as Non Executive Director of China Eastsea Business Software Ltd. until May 28, 2007. He served as a Director of London Asia Capital PLC. Mr. Littlewood served as a Member of Advisory Board of PLUS Markets Group plc. He is qualified as a Chartered Accountant with PriceWaterhouseCoopers London, specializing in high growth companies. Mr. Littewood has experience in working on quoted company transactions and fund raisings in the UK, Germany, the US, Israel and Singapore. He graduated in Law from Oxford University.

[ardiebo] 14/9/2012 08:41

Union and Curt, lol to both.
Pure Morcombe & Wise!
Hope that's not all we get to laugh about.

[rotors] 12/9/2012 15:22

That's a great reply, curt3.

[curt3] 12/9/2012 15:16

Union NO !! just a zimmer frame !!

[unionhall] 11/9/2012 16:37

Do you have a timeframe ?

[curt3] 11/9/2012 16:26

has anyone got the slightest bit of news ??? communication to shareholders is lamentable !! I would like something resolved before I pop me clogs !!

[unionhall] 13/7/2012 11:42

last page of Annual Report.......

it is....


"Pending the outcome of ongoing discussions with both Richpoint Group Overseas Limited and Mr Chen of Zhongying"

[loverat] 13/7/2012 11:09

Had a quick look through the last report. I see LAC made a recovery but I wonder if any progress has been made in recovering money from Littlewood.

From a previous report.

London Asia Capital plc

London Asia Capital plc is pursuing an action
against a former director of this company, Mr
Simon Littlewood, and his wife, Josee Lai, in
the courts of Hong Kong. The claim arises from
the share swaps in 2007. In those share swaps
London Asia Capital Land Limited was issued
with 21,505,376 ordinary shares of London
Asia Capital plc at 12p each, in return for a
60% shareholding in London Asia Capital Land
Limited. Simon Littlewood and Josee Lai failed
to arrange the issue of that 60% shareholding
as consideration, and failed to pay London
Asia Capital Land Limited the premium of
approximately £3,870,471 which is claimed.
A writ has been filed at the court and was issued
and served on 22 June 2010.

[topvest] 09/7/2012 16:39

At least they are not giving meaningless "positive spin". I guess there is a limit to what they can say if discussions are at a delicate stage. It's very difficult to know what the likely outcome is going to be, but not holding my breath. I did hold at 3p in my portfolio which is about the level of cash held. It's not worst case (obviously £nil), but best case could be reasonably good I suspect albeit any more than 7 or 8p is unlikely once the directors have been paid etc. May write-down a bit further now.

[unionhall] 09/7/2012 15:09

True - just got to hope they conclude (positively) this decade !!

[jettyboy] 09/7/2012 14:57

nope - not even a date for the AGM
i guess everything is "Pending the outcome of ongoing discussions with both Richpoint Group Overseas Limited and Mr Chen of Zhongying"

[unionhall] 09/7/2012 13:18

I cannot identify any future timetable or even strategy - anybody see one ?

[jettyboy] 09/7/2012 12:40

Annual report posted on the website

[topvest] 03/7/2012 21:22

If the accounts were signed last week, then you would have thought they might have made an effort to put on the website or file at Companies House where they are still showing as overdue. Makes you wonder whether the directors really care about us or whether they will just cream off the cash in fees. Not holding out much hope myself, but it would be nice to be proved wrong!