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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Asia | LSE:LDC | London | Ordinary Share | GB0008251513 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.85 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
06/10/2013 17:38 | Yes, I believe all they are planning to do is restructure the company to hand back all the cash to the shareholders, with the key asset going to the usual suspect. Not exactly difficult. Just give us a couple of pence in cash per share and go and be a vulture elsewhere is what I would say! | topvest | |
06/10/2013 14:37 | How sickening this whole facade has become. We now pay for the 'boys' club to continue taking salaries and fees to buddies. Disgusting, suspicious or downright criminal misuse of the AIM again! Nuts should be cut. | mikes333 | |
02/10/2013 20:15 | If allowed they will spend the rest of their working life 'taking' fees. | bsg | |
02/10/2013 15:06 | Mr K Nagels stirling work left us with a reasonable valuation 2 years ago and we should have been given a mechanism to sell our shares at that time but negotiations seem to be going nowhere ! His excellent work deserved to bear fruit but seems to have been squandered. Looking back I cant believe the years that have passed since Littlewood absconded and left us in the ditch !! | curt3 | |
02/10/2013 10:38 | curt3 There comes a time when folks have to make a stand. In my opinion, for their faults, the previous management had the right idea in carrying out an investigation and pursuing the crooks who caused the downfall of this company. What has happened since the new management came along? Not alot. I am firmly of the belief that this was one situation where the management had to play hardball to obtain a decent recovery. Pragmatism is usually fine but not in this case and not when you are dealing with parties who see it as a sign of weakness. The only thing that seems to have moved at a fair speed here is the litigation between the directors about their internal squabbles. | loverat | |
29/9/2013 11:40 | This team Buchler has put together, reading Ben Hart's bio it doesn't actually sound like he brings anything of relevance to the table, being a real estate person. This team is another example of how money can be siphoned out in fees. Buchler was supposed to get paid if he realised assets, but he is getting plenty through fees for his associated companies. | morro | |
28/9/2013 12:21 | Simple they are all at the trough - a real tale of greed, arguments and dishonesty. We will get nothing or almost nothing. | topvest | |
28/9/2013 10:24 | Some of the cash they have should have been immediately distributed, otherwise as BSG says all the money will eventually evaporate in fees. It was noticeable from the Annual Report that fees were being paid to several of Buchler's companies, and some of those fees looked steep to me. Very poor all round. I would like to know what Jeremy Hanley actually does. | morro | |
26/9/2013 08:40 | This will probably go on and on until all the money has gone in fees. | bsg | |
25/9/2013 20:57 | Unbelievable letter and an unbelievable mess. More litigation and costs. I would like to know what Toby Parker said about the investment in Croatia. This the last comment I am aware of from a few years ago. The transaction was managed by Mr Simon Littlewood, who has since commented that the "Croatian Mafia" has the outstanding $6 million belonging to LAC shareholder | loverat | |
25/9/2013 09:17 | All we ever seem to get is work-in-progress. Why are there never any tangible results to report? | trader2 | |
25/9/2013 08:04 | Seems refreshingly open and proactive.... | unionhall | |
25/9/2013 08:04 | Letter to Shareholders Posted: 24 September 2013 Dear Shareholder As promised at the Annual General Meeting I am now providing a further report to shareholders regarding the current position relating to London Asia Capital plc and its subsidiary companies. As a result of the resignations of Toby Parker and Francesco Gardin, I have now taken executive responsibility for trying to resolve a number of matters that have caused considerable concern to me over the last couple of months, particularly matters over which Toby Parker had primary control. I have put a small team together to deal with these matters and help me as follows: David Fordham and Ben Hart in dealing with and reviewing all matters relating to shareholders, bringing the share register up-to-date, other legal corporate matters and the administration of the company secretariat. Paul Bobroff in relation to realisation of assets & Section 110 proposals. Fenton Higgins in relation to finance matters. In relation to shareholder matters, we will be looking to try and find a solution for shareholders to realise value and more on this will follow in due course. There have been a number of matters of concern to deal with, namely as follows: 1. Myeg Services Berhad LAC would like to realise its MyEg shares, the market value of which is around £2m. The current custodians in Malaysia have so far refused to transfer the shares to our appointed custodians and major legal proceedings are likely to follow in relation to this very shortly. This is of considerable concern as I have now been brought up-to-date with the facts in this matter and there is frankly no good reason for the shares not to be under our control. 2. Bank Mayapada For some time LAC has been seeking to dispose of its shareholding in Bank Mayapada. Until very recently there has been no liquid market in the shares but we have now implemented a different strategy and are beginning to realise our shareholding. We are continuing to actively manage this position and I hope that this new approach will result in a more successful outcome. 3. Former Directors conduct As a result of the former directors failed action in improperly seeking to remove Sir Jeremy Hanley and myself in the summer, legal costs and expenses approaching £200,000 have been incurred. We are reviewing a considerable element of these costs and intend to dispute some of these vigorously. 4. Hong Kong subsidiaries We have been faced with tax bills in our Hong Kong subsidiary companies totalling HKD 760,000 and whilst we have been advised that there is no alternative other than to pay this sum, there are grounds for appeal which may ultimately reduce this considerably. We are attempting to discover how these tax liabilities arose and who was responsible for incurring them. 5. Croatia Investment In looking at the $5m apparently invested in a Croatian corporation, which has not been returned, I have recently had a meeting with a substantial investor in that Company who has been concerned at press comment made by Toby Parker during the summer. I am carrying out more research into this matter to see whether any recovery is possible. Your Board has now agreed that it will pursue the Section 110 proposals and the lawyers have been instructed to start this process and prepare documentation for shareholders to consider in due course. This will hopefully enable the Company to find a methodology which will give value back to shareholders and resolve the differences that exist between the two sets of shareholders in Europe and the Far East. More on this will follow shortly. There is much work being undertaken and hopefully the next 3-6 months will see some progress, which I hope will be beneficial to all shareholders. I shall keep you informed of developments. David Buchler Chairman London Asia Capital plc | unionhall | |
25/9/2013 08:03 | As mentioned in today's letter to shareholders... Section 110 Scheme Under Section 110 of the Insolvency Act 1986 one or more businesses of a company in MVL may be transferred to a new company, or companies, in return for shares in the new companies. The new shares are then distributed to the shareholders of the original company. This allows incompatible businesses or assets to be separated. The reasons why the different businesses might be separated include; Different risk profiles, One business to be sold and another business or none business assets retained, Different shareholders have conflicting aspirations for the businesses and agree to go their separate ways | unionhall | |
03/8/2013 19:57 | 2-3p is acceptable to me. No point kidding ourselves, we will get fair value. We won't! | topvest | |
03/8/2013 19:03 | hvs A few years it was held up by the Great Train Robbers. Many of them escaped and then played a game of real monopoly with real money for assets and control of the company. The story is so fascinating that a book or film could have been made, according to the ex CEO who chased down the offenders. | loverat | |
03/8/2013 18:35 | All abord the London-Asia express Is it stuck at the platform then ??? | hvs |
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