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MAT Matica

4.75
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Matisse Investors - MAT

Matisse Investors - MAT

Share Name Share Symbol Market Stock Type
Matica MAT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.75 01:00:00
Open Price Low Price High Price Close Price Previous Close
4.75 4.75
more quote information »

Top Investor Posts

Top Posts
Posted at 26/11/2007 13:53 by asparks
Interesting Company - New Contracts

obviously very UNinteresting to most investors.

wouldn't listen to advice from DM if I were you!
Posted at 31/8/2007 13:34 by glasshalfull
I took a small position in these following the Director purchases in July, but sold a short time later as despite repeated attempts to establish further financial information and seek clarification over a few points I was met with "stoney silence" by both brokers and the company themselves.

There are plenty of other small cap companies that bend over backwards to communicate with investors so best that any would-be investors are aware of this.

Nonetheless I am surprised at today's statement which is disappointing given the fanfare of the director buying at a 27% premium.
Good luck any holders.

Regards,
GHF
Posted at 18/7/2007 19:04 by nickcduk
Welcome aboard GHF.

Hopefully a little momentum will build in MAT following today's announcement. I can imagine it will register in a few director dealing articles which should help us back towards a pound. With trading going well and the underlying market growing in double digits im hoping its rating improves markedly over time. We may have to wait until the interims to get it but it should move quickly thereon as there won't likely be much loose stock around.
Posted at 29/7/2005 14:56 by aim man
I Find Berkeley Wyatt very helpful whose brokers are Klein holdings,THEY SOLD ME csb AT 19P and I recently sold out with no problem at all,they often see a management presentation before they purchase a large quantatity of shares,so can give investors an insight into the future of the company.Hopefully only a matter of time before Matisse reverses into another company,obviously taken too long so far.
Posted at 28/7/2005 14:59 by sambuca
Taken from last weeks Money Week magazine
does it ring any bells

It is quite long but very interesting reading.

Beware the brokers out to steal your cash.

Where do these scams come from?

From so called boiler rooms, an illegal offshore dealing rom, often located in Spain ,Switzerland or the US, where highly motivated sales people cold call UK investors to try to convince them to buy shares in foreignm or UK companies.
Generally the shares turn out to be non existent or worth much less than the victims pay for them, as well as being almost impossible to sell anyway as you tend to get no proof of ownership in return for your money. These nasty outfits are known as boiler rooms because of the heat generated by the frenetic enviroment the sales forces work in, and the high pressure sales tactics they use.

How does the scam usually work?

There are several types. Firms can pose as "discount brokers" for example, claiming they can sell you shares on the cheap. Instead they aim to get investors into smalll illiquid firms at way above the market price. The scammers sometimes buy into a stock to give the price an artificial boost, so they show potential investors how the share price has just shot up. One refinement on this says the FSAs Steve Kemp is for the boiler rooms to sell "regulation S" shares in US companies. These are shares that can be sold to non US residents without the obligation to provide them with a prospectus, but unlike ordinary shares you cannot sell them for 12 months after purchase. So even while the boiler rooms pump up the prices to keep people buying, the victims can never actually sell into the rising price.

What other kinds of scam are there?

In one type of boiler room scam - in effect, a version of "advance fee" fraud - a scammer calls shareholders in small UK firms, apparently on behalf of a big US client. He says he is working for a client who is trying to buy up enough shares to gain a controlling stake in a UK firm, and is prepared to pay a premium of more than twice the the going rate per share. Once the deal is agreed, he explains that the client needs to take out a "bond" to hedge against the risk of failing to buy up enough shares. The UK investor is asked to contribute a proportion of the cost - running to several thousand pounds - to be paid once the sale has gone through. The same scammers have also recently started to target companies. The FSA has warned of a new trend for boiler room operations to offer to raise cash by selling new shares on berhalf of small UK businesses. Once agreed, the boiler room then sells the shares to its usual victims at much higher than the agreed price and banks the bulk of the proceeds before disappearing.

Who falls for boiler room cons?

The typical victim is is a middle aged proffesional male with investment experience. They are often people who have had their fingers burnt before on high risk investments but who decide to make good with one big throw of the dice. Boiler rooms identify their potential victims by scouring business directories and publicly available registers of shareholders, particularly in small companies. They might also acquire consumer databases such as lists of subscribers to finacialmagazines and use these. Under UK law financial services firms arent allowed to cold call customers without permission. But boiler rooms often get round this - and at the same time gain trust and credibility in the mind of the victim - by setting up as brokers offering ultra low dealing charges or sending you free reports on companies they know you hold shares in. When you agree to receive this kind of service and provide contact details, the small print will include your agreement for the boiler room to contact you in the future. You can then expect to be bombarded with calls from highly articulate, convincing and focused salesmen, working to a finely tuned script.

How do I tell if an approach is a scam ?

You can check the list of known dodgy outfits on the FSAs website @ www.fsa.gov.uk But boiler rooms necessarily change their names frequently, so any list is unlikely to be fully up to date. A good rule of thumb obvious and yet all too easily forgotten in the heat of the moment " If it looks too good to be true then it almost certainly is. Be wary of unsolicited offers by telephone or post , especially if the company concerned uses a PO box rather than a street address, or is not using a reputable UK bank. If a salesman tries to rush you into a decision, wants your bank details or any kind of upfront fee to guarantee you a piece of the action its not for you.
Finally if you do get caught out, be doubly wary of getting hit by the so called "recovery room" operation. Boiler room victims sometime get called by people promising to get their money back by taking over the shares they got stuck with. Normally this requires an upfront fee and is just an extension of the original con.

Hope this is of help to any one who was sold shares in this company by "Klein hodings" or the such like

Sam
Posted at 13/5/2004 15:21 by rescuer
just to add,

Private eye have commented twice now about Abbey and Co, after the fact. I've just spoke to the eye now and they are going to look into this company and i hope they cover it and expose it "before" any investor here get shafted.
Posted at 13/4/2004 22:57 by sambuca
I got a similar phone call the other day and this is what ive managed to find from the FSA wbsite.
Its a bit long but it could save you alot of trouble

Share scams

The Catch

Sounds obvious but if a stranger rings you out of the blue and tries to sell you shares in companies you've probably never even heard of - TAKE CARE! They may be part of a financial scam using hard-sell tactics to persuade you to buy shares. If they end up persuading you to buy, they'll be the ones laughing all the way to the bank. And you may be left with potentially worthless shares and no rights to complain or claim compensation from the UK schemes.

But surely financial scams would be closed down immediately by the regulator? Well, yes they would if we found they were operating from within the UK. Firms selling shares have to apply for a licence and abide by rules designed for your protection, otherwise they're not operating lawfully. BUT WATCH OUT! These rules are not identical abroad. Financial scams based overseas are able to communicate with anyone anywhere in the world and could be targeting UK investors.

The first time you hear from such firms could be by post or e-mail, or they might advertise their services over the internet. They may offer you a free research report into a company in which you hold shares, or a free gift or a discount on their dealing charges.

The scenario may follow this pattern. You'll probably be an investor in smaller companies (often called penny shares). Therefore, your name will have appeared on the share register of the company you've invested in - which anyone can get hold of. Then surprise surprise, you'll receive a mailshot making you a great free offer. Sign on the dotted line and you'll receive a free, independent research report outlining future prospects for the company.

"Nothing to lose" you think. "And it's free". So you sign on the dotted line and send your response in the freepost envelope - but don't worry, it must be OK because its got a UK address and so if anything goes wrong, you'll be able to complain.

What you haven't realised is:
By signing on the dotted line, you have probably agreed to be contacted by the firm in the future. This was probably written in the small print of the mailshot.


The UK freepost address on the return envelope may simply be a forwarding address to an overseas address.

What happens next?

You'll start to get flooded with calls offering you a great deal on shares, often in smaller companies you may not have heard of or possibly other investments such as futures, options or foreign exchange. The firm's salesforce will probably sweeten, cajole, flatter, bully and even sometimes threaten you to take up their offer. Don't forget, they probably make a commission on every sale. After buying the shares, you may have difficulty in getting the shares or their certificates. And when you try to sell them, you won't know if the price is fair - or you could find the price is inexplicably lower. If you do manage to persuade the firm to sell your shares for you, you may have difficulty getting the proceeds from the sale or be put under a lot of pressure to buy other shares with the money.

Companies based outside the UK and which are not authorised persons are allowed to advertise their services in the UK, but only if their publicity is approved by an FSA-authorised firm or an exemption applies which allows them to advertise their services without such approval. In the UK, firms are generally not allowed to 'cold-call' potential customers to sell them financial services. If, however, you initiate contact with the firm, a follow-up phone call does not count as a cold call.

How to protect yourself


Always check whether the company is authorised in the UK. Ring the FSA Consumer Helpline 0845 606 1234 (calls charged at local rates) to find out or look at the online FSA Firm Check Service. If it isn't, take care. You probably won't have the right to complain or seek a penny in compensation from the UK regulatory system if things go wrong.


The FSA has published a warning about firms that it is aware of that operate this way.
List of unauthorised firms
However, be aware that this type of firm is likely to change its name frequently so if it does not appear on these lists do not assume it is genuine.

If the company is not authorised in the UK, then look carefully to see where the company is registered. Try and check whether the company is in fact regulated in its home country. If it is, try to find out as much as possible about how regulation, ombudsmen and compensation works there.


Financial firms authorised in a country in the European Economic Area (EEA) can offer certain products or services in any other EEA country if they have a 'passport' that entitles them to do so. Such firms will be regulated in their home country and meet standards which have been agreed across all EEA countries. However, if the firm becomes insolvent and you have a claim for compensation, you will need to deal with the relevant authorities overseas.


Read the small print. If you had, you would probably find that you had expressly agreed to receive calls from the company. And even if you think you're immune from such high-pressured selling tactics, you'd be surprised at just how many people give in - simply to get rid of the caller.


If you do decide to go ahead and buy the shares, at least try to check the current price in the financial press or with a broker. These firms may be acting as bucket shops, buying in shares from other brokers. If they do so, you may not pay the market price for the share. Even though they will be trying to get you to make a decision quickly, still try to find time to do your own research before buying - look on the company's website if they have one, get hold of the annual report and read the financial press.


If you decide to go ahead, be aware that it may be difficult to get evidence or confirmation of what shares you hold from the firm - and it may be even more difficult to sell them when you want to.


IF IT SOUNDS TOO GOOD TO BE TRUE, IT PROBABLY IS!


What can happen

In one recent case, a consumer received a "cold" call from a company he had not previously had anything to do with and was persuaded to buy shares in another company. Later on he received some paperwork in the post, including a 'stock purchase agreement'. This mentioned two other companies and claimed that one of these companies was FSA-authorised. When he checked with the FSA, he discovered that the company was not authorised and that the FSA Register number was false. He told the FSA what had happened and FSA enquiries revealed that the investment was entirely bogus and that the address was false. This particular individual was saved from losing a very substantial sum of money.

Always check whether the company is authorised in the UK. Look at the online FSA Firm Check Service to find out or ring the FSA Consumer Helpline 0845 606 1234 (calls charged at local rates). If it isn't, take care. You probably won't have the right to complain or seek a penny in compensation from the UK regulatory system if things go wrong.

Sam
Posted at 03/4/2004 12:39 by slaterlp
Anyone interested in the share should read the following regarding Matisse.

I am only writing what I have been told, and not what I know to be true.

I received a telephone call 31/3/04 from a company based in the canaries. I had previously received a company report on Chorion from them. They told me that they did research and advised their clients on the results of that research about investment opportunities. I'm sure you have all heard this before.

The told me that this company (MAT) is a cash shell.
That 90% of the shares are held by institutional investors.
That a reverse takeover is in the offing and the share will go through the roof.

I was invited to purchase 140000 shares thru a broker they recommended.

I declined and said that I would watch the stock instead for a month or so to see if they are genuine.

I did a search and came up with this BB entry and have read the contents.

I am very suspicious that the advice I was given is a massive scam, and would welcome any opinions.

I certainly wont be buying any of the shares, but will be watching closely to see what happens.
Posted at 11/3/2004 13:50 by wole
LONDON (AFX) - Chiddingfold Investments Ltd said it made a mandatory offer for Matisse Holdings PLC, formerly Prestige Publishing PLC.

Chiddingfold made a cash offer of 1 pence per Matisse share, which values Matisse at about 473,751 stg and the shares not already held by Chiddingfold and its associates at 13,834.50 stg.

Matisse is recommending its shareholders do not accept the offer.

The offer is about 94.7 pct below Matisse's closing price on Jan 21, the

last business day prior to the suspension of trading in Matisse shares on AIM.

Earlier today, Matisse said it had issued tranches of new shares to various parties in order to raise funds, repay debt and provide capital to investigate potential acquisitions. The company said it expects its shares to resume trading on AIM on Feb 16.

It said it placed 22.29 mln shrs to Chiddingfold at 1p per share, in order to repay debt owed, and 20.2 mln new shares at 1p per share to Chiddingfold, its associates andother investors, (Investor Group) to raise 202,000 stg before expenses for the company.

As a result of the placing and the debt conversion, the Investor Group held 44.49 mln new ordinary shares representing 93.91 pct of the issued ordinary share capital of Matisse.

In addition, Libra Investments Ltd has been issued 2 mln shares at 1 pence per share, in settlement of fees payable by Matisse to Libra.

The sole director and shareholder of Chiddingfold and Libra is Peter Abbey.

Matisse has also issued 500,000 new shares at 1p per share, in satisfaction of an invoice rendered to the company by a provider of services and 500,000 new shares at 1p per share to both Nicolas Greenstone and Ray Harris, in satisfaction of consultancyfees.

The company has also offered existing shareholders the opportunity to participate in the overall refinancing of the company at the same price as the placing and the debt conversion.

Accordingly, shareholders will be invited to subscribe for new shares by way of an open offer of 13,834,500 new ordinary shares on the basis of ten new shares for each existing share held at a price of 1p per new ordinary share. The open offer will not be underwritten.

Matisse has no trading business, no assets of any consequence and owed its creditors about 338,900 stg, of which about 272,900 stg is owed to Chiddingfold, before it issued tranches of new shares today.

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