London Asia Capital Share Discussion Threads

[marksp2011] 25/3/2014 21:59

There is already more than that available for distribution. If they duistribute i tere is no money left to chase for the rest.

[curt3] 25/3/2014 15:20

Mark - please advise - where can you get 2.6p now ?? Is there a grey market ?? would be inclined to offload some myself !!

[marksp2011] 25/3/2014 10:31

I don't believe anyone should question whether he is acting for the shareholders as he sees it.. The man has integrity.

The question for me is wherther i want to wait for 2.8p when i can get 2.6p now and write off this sorry mess. DB is probably constrained to try and get the 2.8p.

The lesson for me is stay away from China, things I don't understand and AIM. Except majestic Wine on which I consider myself an expert :)

Current interest is QPP..... lots of growth and profits plus unintelligible accounts. Add to that a CEO with a big mouth and lots of shares plus Foot in Mouth plc as the PR team and some interesting governance I am perplexed.

It is either a fantastic opportunity or.............a SHAG will be forthcoming

[loverat] 24/3/2014 06:30

I think there were some people who were impressed with Buchler at Langbar. However I sense that too many gave him the benefit of the doubt due to the split in the groups and attacks made on him by the minority shareholder group out for themselves. He ended up giving them more in the end.

Quite a different approach needed here I think and whilst he was brought on board to take on the next phrase, many will compare his failure to the success of the previous board. The previous management made mistakes but at least they appeared to be acting for shareholders.

[unionhall] 14/3/2014 09:08

24th Jan

" I hope to be able to report more on this in the coming weeks. "


Hopefully in the not too distant future....

[marksp2011] 14/3/2014 07:17

I have tried to engage with them but it didn't achieve much. They were much more interested in getting information about me than in answering any questions.

i was a bit angry as the Buchler update before last expressed shock at the state of affairs of the company Buchler is supposed to be running. The shock update was also in line with the briefs I had received from Toby Parker

What was new news to DB was old hat. I had seen Buchler operate at langbar and I thought he was pretty good. I have been really disappointed with him here.

[marksp2011] 11/3/2014 14:28

Yawn.........................

[topvest] 25/1/2014 20:32

Well spotted. Yes, it is good news in terms of potentially getting some cash back. Of course, the prize asset will go to the majority holders. Happy to take something sensible as it's the only way forward.

[unionhall] 25/1/2014 15:56

Is this good news ?


Letter to Shareholders
Posted: 24 January 2014

Dear Shareholder

This is just a brief update to confirm that work towards a Section 110 proposal has been on-going. Documents are being prepared and discussions are taking place to ensure that the major shareholders in the Far East will be supportive. Once proposals are in an advanced stage they will be sent to all shareholders and an appropriate vote will have to take place to reflect shareholders views. I hope to be able to report more on this in the coming weeks.

David Buchler
Chairman
London Asia Capital plc

[irenekent] 07/12/2013 11:41

Who was it and is it fraud?

[curt3] 15/11/2013 11:14

muscov - dont keep us in suspenders ! do tell !

[muscovie1] 12/11/2013 17:07

Guess whos son in law was appointed to the board on the last change.

[marksp2011] 28/10/2013 15:05

i had a call this morning from someone selling me Adobe shares at $40 each....... roughly $15 discount. I had to buy 500 and all he needed was my credit card details

i don't think it was Littlewood

[marksp2011] 26/10/2013 08:28

Loverat,
The point I was making is that regardless of who was being misled by whom on these threads - and my view is that it doesn't really matter as anyone who invests as a result of anonymous posts on a free PBB needs shooting.............I was being sent emails by Simon littlewood

[loverat] 25/10/2013 05:35

Well, if you were told who was posting here and under what user names it might have been prudent to alert others at the time - or even passed over any information during the subsequent investigations.

Some people with no previous knowledge of this company went through several threads to determine who was posting here since 2002/3. There were at least half a dozen names over 6 or so years, the most prominent being 'Painting'. If you really knew the names and number of directors posting and then went back and read everything they had written, there is no way anyone would have continued to hold shares in the company.

[marksp2011] 23/10/2013 13:47

i didn't need to guess who is who
i was getting emails from Littlewood

[loverat] 22/10/2013 04:24

I would not beat yourself up about it. As well as the findings of the investigation which no one could know about, the posts on this very bulletin board point to a very clever and sophisticatd pump and dump going back years. The posts here are also part of a parallel investigation into various wrongdoings.

Some time ago I was reading back through the posts here. I think it is fair to say that despite the high risk of this as an AIM company operating where it did, there were lots of people talking up the prospects and the risk/reward did not look unattractive. This company had many assets and it is fair to say that no one could know what was happening to them. Plus several of the ex directors of the company and friends were operating under various user IDs on here talking up the shares for years. The poster 'Painting' who had a vast knowledge of the inner workings of the company must have been responsible for some people investing.

Those posters who expressed reservations about LDC were largely drowned out for their views by the directors posting here and that was partly what prompted my complaint to the FSA some time back. I think the real alarm bells started to ring when Simon Littlewood left and then there was relatively long silence, presumably while the new management team tried to get grips on the business and started to realise the full extent of the problems unfold.

One example - if one looks carefully at the posts during the dying dies before suspension you can see that several were between the director(s) who had left (Winterfun being one example) and the ones picking up the pieces of the mess left behind (tenniselbow who seemed to be trying to find out how the company worked and what assets it had by asking other posters!!). It was well known amongst directors and several others that the poster known as 'painting' who had a very good knowledge of LDC was a director and you can detect in some of the posts his contempt for shareholders and other directors. Not so obvious for investors posting here at the time though.


painting - 26 Jul'07 - 11:32 - 8045 of 8914


SL's time better spent on working at the business level than wasting time dealing with shareholders


winterfun - 30 May'08 - 02:29 - 8704 of 8914

the company is run by someone in Cornwall (their new global HQ!) who seems to have no experience in China, private equity, fund managment, banking, or anything else relevant to what LDC is supposed to be doing. They've announced the closure of their offices in China, so presumably the staff that had any idea of how to run the business have disappeared, so who is going to manage their assets and generate any income? No surprise people heading for the exit. What institutional investor is going to back this?


tenniselbow - 30 May'08 - 09:12 - 8705 of 8914

Does Painting return ( Winterfun )

tenniselbow - 26 Aug'08 - 13:04 - 8757 of 8914


Eastsea does LDC still hold ?


tenniselbow - 20 Oct'08 - 18:53 - 8784 of 8914


I think the FSA have enough on their plates! but it's interesting that Allnut was removed from the board of China bio foods when it is alleged he refused to sign off their accounts and had reservations about their operations. I don't think he's 'in bed' with Littlewood and I think the next 3 months will prove this as there appears to be action going on. Lets see what the calibre of the new directors apparently being brought in by allnutt, are like.

[cheshire2] 22/10/2013 00:40

Your about three years late with that statement !!!

[marksp2011] 21/10/2013 20:46

Hmmm

Not sure owning any shares in this is a sign of sound financial acumen

[morro] 18/10/2013 19:38

Absolutely convinced that again shareholders are being shafted. No confidence in Buchler and his cronies. It is a sad indictment of the previous group of directors that they have allowed a situation to develop where this new management have day to day control but yet do not have a single share between them. Almost the perfect scenario for them!!!!

[loverat] 14/10/2013 21:04

I notice the old management who presided over this disaster still read this thread. One or two post removals. I think Mayor Johnson perhaps had them mind when making his speech the other day.

[marksp2011] 14/10/2013 20:31

looks like Fidelity are receiving the ragged end of a pineapple sans vaseline - a chinese gaming/animation company and related party transactions - who would have thought it?



I take it the our gallant Government is making efforts to woo the Chinese because the Bonanno ad Gambino families have something better to do with their money

[marksp2011] 08/10/2013 12:46

looks like the Chairman is concerned about the activities of the previous board

The only issue I have with this is that 50% of the previous board is still there complaining about itself.

What I find especially worrying is the update which is more or less the same update I got from TP about 6 months ago - some of it seems to be a surprise to DB

This is a good one

"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."

From the Templewood site

"Ben spent 5 years working for Goldschmidt & Howland specialising in residential sales and lettings, dealing with high end clients and blue chip companies.

Most recently he had been working for David Pearl at Pearl & Coutts working in the commercial lettings department. This involved brokering deals on behalf of new clients along with asset management/property management."

I am sure Mr Hart is a superb posh persons estate agent and that has equipped him to support LAC shareholders in the ways listed above

My mum who is 85 is also available for work if LAC finds itself in need of a corporate finance specialist or a crocodile wrangler. She knows nothing about either but will be very enthusiastic - what's the day rate?