London Asia Capital Share Discussion Threads

[cheshire2] 07/6/2016 13:45

Nextlink - no its very smooth and shiny so nothing can stick to it.... like the management !!!!

[loverat] 07/6/2016 11:21

Well, I do recall past annual reports being quite entertaining.

As long as this continues then things aren't all bad.

[nextlink] 07/6/2016 10:59

Cheshire2 - Is it soft paper, can you save on the Andrex

[bsg] 07/6/2016 10:58

I guess they've bleed it dry and need more cash to pay their salaries.

[loverat] 07/6/2016 10:51

Any updates on whether they are still trying to recover the 4 million odd quid the former management loaned to the Croatian Mafia?

[cheshire2] 07/6/2016 10:44

just received a shareholder pack with annual report, they want shareholders to invest 4m into the company !!! talk about throwing good money after bad.

[canaries2] 04/1/2016 20:41

Gravy train springs to mind.

AIM is mainly corrupt they can say anything and get away with it. NO REGULATION at all.

[microscope] 31/12/2015 09:59

Wonder who HH could be, sounds a bit Nutts to me :)

[marksp2011] 27/12/2015 10:35

Although he did get 12 months, I never worked out if he was a greedy fool or a fraudster.

All the money was stolen long before he became involved. Well, should we say that shares had been sold in a cash shell that had no cash long before Pearson was involved in the company

The RNS he issued were nonsensical. The history of how the money appeared as a result of intercompany transfers was completely implausible

This ticks so many of the "stay away" boxes it makes me wonder why rational people can be so gullible.

I have made some howling mistakes in my time but I have learned my lessons. I don't touch AIM at all. I have moved to the Nick Train (Finsbury Growth and Income), Terry Smith (Fundsmith) and Buffett world not a guarantee of success but the reasonable growth from their portfolios was beating my mixed bag of punts stellar/dog/stagnant approach which were netting out at nothing.

I will not trade illiquid stocks any more. When half a dozen punters can run a price up 100% by lunchtime and then try to bail before the bubble bursts that afternoon leaving dozens holding some bizarre pile off poo with a share price of 1p and 300% spread

[zorija] 24/12/2015 15:40

Entirely agree with your comments Marksp2011.

I remember having a long conversation with the CEO of Langbar over the authenticity of the then said money. He was adamant that it was all legitimate...

ZZZ

[marksp2011] 24/12/2015 10:20

Let that be a lesson to us all

If the CEO of a company emails you personally it is probably something to steer clear from
If the CEO of a company posts on a free public bulletin board it is probably something to avoid like the plague
If it looks too good to be true it probably is
If there are more posts on the FBB than there are pounds in the bank.....run away
If you don't have a scooby doo what the company is doing........... run
Charismatic leaders who have "special skills" that make their company different may not be a good thing

AIM has two levels of inherent risk...... business and governance. Companies that deal in low visibility markets or in countries that have low business ethics add a third layer - I would include all the EM countries and eastern Europe.

Anthony Bolton got ripped off by his own investment managers in China. the "local skills" that were supposed to give insight and protection colluded with the scammers

I guess my last lesson would be that "big personalities" give further governance issues as those people get confused with the company

langbar
Regal Petroleum
Indonesian coal miners
Quindell
Globo

and bigger fish like Independent Insurance and Polly Peck

There is a common thread through all of these that we should be able to see and avoid but we don't. The triumph of greed over common sense

[irenekent] 10/12/2015 13:27

Glad to be shot of this heap of rubbish. What a disaster.

[topvest] 09/12/2015 21:07

Yes, absolutely. Most of us thought they were hiding something with this underhand offer. They obviously were, but waiting to get more will take years and, to be honest, they are not the most trustworthy of individuals to deal with. I've moved on as this was my last direct Chinese investment (and last!).

China currently seem to be unleashing a great deal of pain around the world. Definitely time to stay well clear of that country until they have had the recession that global commodity prices are saying is coming!

[topvest] 09/12/2015 21:05

Yes, absolutely. Most of us thought they were hiding something with this underhand offer. They obviously were, but waiting to get more will take years and, to be honest, they are not the most trustworthy of individuals to deal with. I've moved on as this was my last direct Chinese investment (and last!).

[trader2] 09/12/2015 13:14

Main reason that I gave up was the credibility of The Board. Lost all faith. Today's announce only serves to confirm my view.

[unionhall] 09/12/2015 11:42

"Now that this has happened I will be looking to regularise the Company’s position relating to its investment in China"

In what way did the buying of shares stop him regularising this position for the last two years ?


Sounds like they have a good solution and wanted to get as many cheap shares as they could before they finalise it and make it public.....

[cheshire2] 09/12/2015 07:39

Letter to Shareholders
Posted: 08 December 2015

Dear Shareholders,

Further to our shareholder survey letter in August 2015, I can confirm that many hundreds of shareholders have been in contact with us and, having passed details of all those shareholders to the Trustee of the EBT, transa_ctions involving approximately 15% of the shares of the Company have now been completed.

The EBT was established in accordance with UK company law and the independent Trustee of the EBT was funded by the Company to enable the share purchases to take place. As a result of the EBT buying the shares at 2p per share all continuing shareholders have retained their proportionate holdings.

Many shareholders have been keen for this process to happen so that they could achieve an exit which has been denied to them for many years. Now that this has happened I will be looking to regularise the Company’s position relating to its investment in China and I shall update shareholders in relation to this during the early part of next year.

Yours sincerely

David Buchler
Chairman
London Asia Capital plc

[unionhall] 02/12/2015 09:02

I contacted the company directly and they accommodated me with the buyers.

This was finalised last week and they indicated there was some time pressure at that stage - no idea why.

[stevenlondon3] 01/12/2015 21:32

HSBC sent a letter but Charles Stanley did not contact me.

[topvest] 01/12/2015 20:56

I wasn't in a nominee account if that helps.

[ardiebo] 01/12/2015 09:27

Can anyone explain why some shareholders have been offered money for their holdings through some unofficial back channel and others have not? At 2p mine would be worth just a few hundred quid, like BernieBoy's, but where's the threshold? Could it be anything to do with nominee account holdings? Any info appreciated.

[bernieboy] 26/11/2015 11:30

Yep got my few hundred quid too. Good ridence to bad rubbish.

[stevenlondon3] 24/11/2015 09:27

Money has arrived at Charles Stanley. What worried me was that the valuable asset at LA would be transferred out at a knock down price leaving very little for the remaining shareholders. In this case fear won over greed.... an expensive lesson.