London Capital Hldgs Share Discussion Threads

[topvest] 05/7/2014 18:23

They won't in my view, as their offer has been rejected and so given last week's vote they won't be given access to due diligence etc.

[scbscb] 05/7/2014 14:24

The only hope for this dog is that Spreadex makes an offer. I am sure that all the shareholders would be happy with around 30p. This company is just run for the benefit of the directors.

[hezza123] 03/7/2014 22:34

Indeed, an almighty kick in the teeth this, but I'm not selling at this level...

[topvest] 03/7/2014 18:58

Yes, disappointing indeed. I've not sold..yet, but haven't got a big holding.

[rjmahan] 03/7/2014 14:03

I too am out of this - management turning down an offer at 30p whilst selling shares to their mate at 27p.

Truely appalling...

More on my blog...
hxxp://deepvalueinvestments.wordpress.com/2014/07/03/london-capital-group-management-skullduggery

[checkers2] 03/7/2014 13:26

Me too, managed to get 25p, 25% hit on these. I would prefer to

Anyone make it to the meeting? Would be interesting to know how the votes were placed, I am surprised that resolutions were passed.

[g8ta] 03/7/2014 13:01

That's me out. GLA.

[leecoyote] 03/7/2014 08:17

Kevin Ashby should be told in no uncertain times that engagement with LCG is a must.

This is his email - [e-mail]

[topvest] 02/7/2014 22:02

Looks like they were forced to disclose details of the offer by their NOMAD at the last possible moment, ahead of the vote. Again...under-hand tactics at play. They should have announced this earlier, in all likelihood. I don't trust the Board of directors of this company. Does anyone?

[topvest] 02/7/2014 22:00

£225k is nothing compared to the value loss if this goes through!

[g8ta] 02/7/2014 21:44

Ashby will be reminding everyone of the break/abort fee of £225,000 to Sabet if their deal doesn't go through. Ashby continues to impress!

Will Sabet make a bid if there is a "no" vote?

Interesting day tomorrow.

[topvest] 02/7/2014 20:47

Anyone no of any big "no" votes?

[topvest] 02/7/2014 20:46

Bunch of self served individuals on this Board. I would take a cash offer rather than let greed take over. I wonder what the institutional holders are thinking?

[smurfy2001] 02/7/2014 17:12

Been monitoring this for months and reading comments here.

So sorry to see people lose out here.

It's why l monitor AIM shares for months before l invest, luckily l did not here.

[masurenguy] 02/7/2014 16:42

Why has there been no statement from LCG about the Spreadex offer and a further rumoured approach. I hope investors who attend tomorrows meeting will vote against the convertible proposal

[t1tch] 02/7/2014 15:55

RNS -

30p a share offer from Spreadex

[windass] 02/7/2014 13:57

SBM have updated their article

[g8ta] 02/7/2014 13:47

The share price hasn't moved so looks like it's down to the major shareholders tomorrow.

[dangersimpson2] 02/7/2014 09:29

This is unbelievable - an offer on the table at 30p share when the market clearly values the Sabet deal at 21p/share given the number of warrants they are awarding themselves and the management haven't disclosed this - well done spreadbet magazine for revealing it. Hopefully this shoots the Sabet deal in the foot since how can we trust the management to act in shareholders interests after this?

[topvest] 02/7/2014 09:16

Where are the non-Executive Directors?

[topvest] 02/7/2014 09:16

Yes, all looks very underhand here. You can't do a good deal with a bad person..Warren Buffet.

[topvest] 02/7/2014 09:16

Yes, all looks very underhand here. You can't do a good deal with a bad person..Warren Buffet.

[leecoyote] 02/7/2014 08:56

BREAKING NEWS AN SBM SCOOP - LONDON CAPITAL GROUP AND THE BID APPROACHES THE CURRENT BOARD ARE NOT DISCLOSING

We can reveal exclusively this morning that London Capital Group the spread betting and CFD company that is presently the subject of a management sanctioned "take under" by a Mr Charles Henri-Sabet via a complicated convertible loan issue that will result in him ultimately having majority control over the company has received not one but two bid approaches.

At face value both approaches look to be materially more beneficial for current shareholders than the current proposed structure. The current BoD of LCG appear not to be disclosing these offers to shareholders.

Insiders have revealed that there is an offer on the table from one firm that involves a reverse takeover and a 5p dividend cash payment to existing LCG shareholders and a second offer that is subject to due diligence of 30p per share cash. This is still an utter steal in our opinion with the company's unencumbered cash balance likely being in the mid to late 20's now.

Serious questions should be asked of current management - Kevin Ashby and Giles Vardey in particular (this chap who of course presided over the utter destruction of shareholder wealth at Plus Markets Group with the infamous Mr Cyril Theret) as to just why they are pressing ahead with the convertible vote tomorrow without full exploring these bids and more importantly, without giving shareholders (the owners of the business) the opportunity to weigh up alternate routes for the company. Our guess is that management position preservation is the reason and is yet another example of how company boards with no skin in the game can and do act at cross purposes to shareholders.

We call upon the company and the takeover panel to reveal exactly what has been laid upon the table for shareholders by two rival firms and that the vote tomorrow regarding the convertible proposal be halted.

Absent the vote being halted, we would urge all shareholders to vote AGAINST all the resolutions proposed in relation to the convertible financing tomorrow and our suggestion to large shareholders is that an EGM be called in any event to kick Messrs Vardey and Ashby into the long grass and a real auction for the company be created to maximise shareholder value - something management's mandate is supposed to involved and indeed be a primary consideration in the running of day to day affairs.

Link -