London Asia Capital Share Discussion Threads

[loverat] 04/9/2014 21:53

More of the same here I see. It is now seven years since Littlewood and his cronies ripped the company off whilst ramping the shares on this thread. I doubt very much whether the FCA have done anything either - despite being passed the evidence on a plate.

AIM is indeed a thieves paradise.

[marksp2011] 04/9/2014 21:40

I have asked Buchlers Boys who was invited to the AGM and what this
special group discussed

I wonder if they will reply

[hvs] 31/8/2014 19:19

Dont they have any money for FUEL ?

[topvest] 31/8/2014 08:56

I haven't got a meaningful holding, so not worth my time & effort. Surprising that somebody else isn't taking forward though!

[grahamite2] 30/8/2014 19:30

How many people do you know who feel the same way, topvest? If you can get the votes, you can instruct the company to convene a meeting to consider liquidation.

Alternatively, and perhaps more realistically, why not tell the directors you are at the end of your tether and thinking about doing this, and invite their comments.

[topvest] 30/8/2014 19:01

Yes, binned them though I'm afraid. Be interested to hear if someone attends though!

[tenniselbow] 30/8/2014 10:28

AGM did any shareholder get a hard copy of the details of the AGM on the
3rd Sept. As Not many people know about it !

[topvest] 17/8/2014 20:22

I would very much appreciate it if someone can report back on the AGM. If someone can give our useless directors a good verbal dressing down that would also be most welcome! We want some cash and we want it now!!

[morro] 09/8/2014 12:20

AGM at a Mayfair hotel again!!!! Really trying to keep costs down aren't they!

[trader2] 14/7/2014 12:34

topvest - thanks for that.

Is there anything to stop them milking the shareholders dry?

[bsg] 12/7/2014 21:19

I'm afraid they're going to milk us dry.

[topvest] 12/7/2014 14:27

Yes and they still haven't sorted out their capital and reserves. They can't pay a dividend until they do a capital reduction to resolve the negative P&L reserves in the company balance sheet - that will need shareholder approval. Months / years away still at this rate.

[morro] 12/7/2014 11:59

Yes Topinvest I agree entirely. Buchler is just milking it via all these add on costs. I said a couple of years back that there was no justification whatsoever for the majority of the cash just to sit there being drained away, it should have been distributed immediately.

[morro] 11/7/2014 19:55

I cannot see how a 20% increase in staff costs can be justified. Looks like a flow of cash straight out the door. But then this was all to be expected with this crowd clearly intent on squeezing whatever they can for themselves. The announcement that they intend to review previously carried out work regarding investments that were written down to zero sounds like another excuse to screw shareholders.

[unionhall] 11/7/2014 19:02

Looks like 600k loss during the year and another 700k lost on disposing of listed investments after the year-end - see the last note on the last page.

[topvest] 04/7/2014 18:16

We should be getting some news - into July and the accounts or scheme document should be about ready. Anyone heard anything?

[marksp2011] 10/5/2014 07:56

The last i heard was from toby parker and he was still trying the same tricks.
ran foul of the law in Hk i recall

[topvest] 09/5/2014 20:44

Yes, I remember those e-mails. Something to beware of in the future. I wonder what he is up to now?

[topvest] 06/5/2014 19:53

I would obviously be delighted to get 10p+ as these only cost me 7p!

However, to think we are going to make a profit out of this nightmare is wildly optimistic given the antics of the other shareholders involved.

This has been a dog and I don't expect to be rewarded for the mistakes I have obviously made. My mistake was investing in a management team that could not be trusted with my or anyone else's money. Source Warren Buffet "You can't make a good deal with a bad person."

[topvest] 06/5/2014 19:49

LOL - you must be joking. Our views don't really matter much here anyway. I'd be amazed, quite frankly, if we see any more than 3p.

[unionhall] 06/5/2014 13:06

Yes - we should be quids in by 2020...


(I wish you would stop giving low level expectations - it may give them a low level target and take the rest out in fees.)


I expect to get 10p plus per share !!!

[topvest] 06/5/2014 12:26

Sounds broadly encouraging at last. A nominal return of 2-3p will do for me and we can then move on with this.

[rotors] 06/5/2014 08:32

News Alert

Letter to Shareholders
Posted: 06 May 2014

Dear Shareholder

The Section 110 proposal is proceeding. The principal documentation has been completed and following discussions with the major shareholders in the Far East they have confirmed that they are onside and wish the process to proceed to a conclusion.

They are presently in the process of appointing lawyers to engage with the lawyers acting for London Asia Capital plc to ensure that the documentation can be properly reviewed and finalised so that it will then be in a position for all shareholders to consider.

I shall keep you updated on progress.

David Buchler
Chairman
London Asia Capital plc