Merchant House Share Discussion Threads

[loverat] 21/11/2012 12:16

Has this one disappeared down the AIM plughole then?

[monkey puzzle] 16/11/2012 13:58

To be honest....NO

I think it's pretty obvious that the commercial model here is deeply flawed if they have been able to grow revenues the way that they have but have zero control over the exponential increase costs that has come with it....not much point increasing turnover xxx% if costs then increase by xxx% + YYY%

[edjodav] 16/11/2012 13:57

does anyone actually believe this will return ?

[dr samsam] 13/11/2012 11:06

A Blessing For The Business Community Under The Present Intense Economic Conditions

Economic destruction of the last few years makes it hard for the businessmen to find the good source of loan for the running of the business activities. Due to the continuous economic recession many lenders have terminated their business or make their standers more favorable for them so that they could make their money secure. Under these circumstances majority of the people could not meet the criterions they set for the advancement of loan. Therefore business community facing great difficulty for meeting their cash needs of the business. In addition to that due to intense economic condition their business needs cash more frequently. Under such situation they are in vital need of the source which could provide them accredited merchant capital so that they could meet the running cash needs of business.

As mentioned in above paragraph it become harder and harder for the business community to meet their need of cash through obtaining loans from traditional means. Moreover due to shortage of cash in the money market cost of loans is rising rapidly. Now lenders are stricter on their terms for the approval of loan. Business owners are now compelled to obtain the high cost loan for the existence of their business. Among these high cost high fees loan is accredited merchant capital advance. Though it is costly still it is blessing for the business management under the intensive economic condition of the present day. Reason is that one could obtain this kind of advances in very short time and he doesn't have to follow the lengthy documentation process. In addition to that limits of this type of loan are flexible and one could find the payment schedule tailored according to the needs of his own business conditions. This thing makes the businessman more comfortable for obtaining this type of loan.

[mike111d] 09/11/2012 18:57

Two weeks on Monday since the last meaningful update, so surely you must get some news next week.

[zitec] 09/11/2012 09:46

They need to get this Merchant Corporate Recovery situation sorted out pronto.

They could well get everything sorted here and that MCR could bring it all crashing down. Those bonds were sold under the Merchant Capital stable, therefore they shouldn't be messing around with investors there because if they lose their FSA authorisation this lot are screwed.

I personally think it is highly likely some of those bond funds are in shares here somewhere, so until this gets relisted they have no cash to pay coupons I reckon.

All it would take would be a bit of honesty and diplomacy with the MCR bondholders and they can stop themselves a lot of hassle. Fobbing them off with jam tomorrow and ignoring them isn't going to help matters.

[loverat] 09/11/2012 05:42

The latest from the Merchant Corporate Reovery thread.

Now talk of an action group, appointing solicitors and trying to find a co-ordinator to run it.



I think any allegation of wrong doing by those investors is probably an understandable reaction to be being totally ignored.

[officerdigby] 08/11/2012 15:17

Like to kick a few of the them out myself!. ;-).

[macsam] 08/11/2012 14:20

Merchant Capital are still launching products as of 7/11/2012 with the new
Merchant Capital Kick Out Plan: FTSE Select – Defensive Kick Out

[monkey puzzle] 08/11/2012 10:39

Yep, looks like those boys "forgot" to disclose those bits of their history of failure elsewhere. Looks like a simple tidying up piece of admin to me to ensure they keep their jobs. Given the shockingly poor way they manage their admin this comes as no surprise at all after the events earlier this year with the shares that were given away but never declared to 2 third parties...

[dubois] 08/11/2012 09:19

Well someone s still pushing their products


Diversified product stands out in FTSE-dominated UK and offers returns linked retrospectively to the best performer of three mixed portfolios of equities, commodities and bonds

[officerdigby] 07/11/2012 23:32

Unless it is an attempt only to avoid prosecution!

[zitec] 07/11/2012 21:53

Looks pretty clear to me that the authorities are all over this lot. They are being watched and checked like a hawk. Holmes, Whyte and crew will be ruing the day they ever got involved in Rangers as it has blown the lid off the setup here and all involved.

However, if they are releasing RNS' like that. They must be serious about getting this relisted.

[the ross] 07/11/2012 21:36

now thats scanning the archives mike.evening.in a boozer in hereford of all places. id agree with dubois in this instance. weve been stopped from relisting for a reason.best to let things play out is my line.spent enough time lookin for answers. msape.. ur entitled to that view as we all are. for now im focusing on new people coming in & structuring mhg correctly goin forward. lets see eh.r

[dubois] 07/11/2012 20:19

Someone could be saying "you want to continue then you go back through everything and make sure your squeaky clean". Can't see any other reason they would bring up something from 2004.

If I'm right (probably not) then it means someone is going to fund it and wont stand anything not 100% so I make that a positive.

[mike111d] 07/11/2012 20:10

Well you can be sure that the dynamic duo will not have sought this attention, what if anything it means for the company remains to be seen. It might be that the the exchange have taken issue with them for some reason. I have never checked the MHG admission document to see if what has just been announced had previously been disclosed there, presumably it was.

[lufc5] 07/11/2012 20:05

Is that a not so subtle hint that we're going down the same pan??????

[mike111d] 07/11/2012 19:53

In case you were wondering what the RNS was referencing:

Disclosure of miscellaneous information
17. An AIM company must issue notification without delay of:
♦ any deals by directors disclosing, insofar as it has such information, the information specified by Schedule Five;
♦ any relevant changes to any significant shareholders, disclosing, insofar as it has such information, the information specified by Schedule Five;
♦ the resignation, dismissal or appointment of any director, giving the date of such occurrence and for an appointment, the information specified by Schedule Two
paragraph (g) and any shareholding in the company;
♦ any change in its accounting reference date;
♦ any change in its registered office address;
♦ any change in its legal name;
♦ any material change between its actual trading performance or financial condition and any profit forecast, estimate or projection included in the admission document or otherwise made public on its behalf;
♦ any decision to make any payment in respect of its AIM securities specifying the net amount payable per security, the payment date and the record date;
♦ the reason for the application for admission or cancellation of any AIM securities;
♦ the occurrence and number of shares taken into and out of treasury, as specified by Schedule Seven;
♦ the resignation, dismissal or appointment of its nominated adviser or broker;
♦ any change in the website address at which the information required by rule 26 is available;
♦ any subsequent change to the details disclosed pursuant to sub-paragraphs (iii) to
(viii) inclusive of paragraph (g) of Schedule Two, whether such details were first disclosed at admission or on subsequent appointment;
♦ the admission to trading (or cancellation from trading) of the AIM securities (or any other securities issued by the AIM company) on any other exchange or trading platform, where such admission or cancellation is at the application or agreement of the AIM company. This information must also be submitted separately to the Exchange.

Schedule 2 (g)
(g) the following information relating to each director and each proposed director:
(i) the director's full name and age together with any previous names;
(ii) the names of all companies and partnerships of which the director has been a director or partner at any time in the previous five years, indicating whether or not the director is still a director or partner;
(iii) any unspent convictions in relation to indictable offences;
(iv) details of any bankruptcies or individual voluntary arrangements of such director;
(v) details of any receiverships, compulsory liquidations, creditors' voluntary
liquidations, administrations, company voluntary arrangements or any
composition or arrangement with its creditors generally or any class of its
18 creditors of any company where such director was a director at the time of or
within the twelve months preceding such events;
(vi) details of any compulsory liquidations, administrations or partnership voluntary arrangements of any partnerships where such director was a partner at the time of or within the twelve months preceding such events;
(vii) details of receiverships of any asset of such director or of a partnership of which the director was a partner at the time of or within the twelve months preceding such events; and
(viii) details of any public criticisms of such director by statutory or regulatory authorities (including recognised professional bodies), and whether such director has ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company;

[mike111d] 07/11/2012 19:06

Well at least the 18:15 RNS was related to MHG.

[loverat] 07/11/2012 16:52

To be honest OD if you mean asking the FSA, don't count on getting a straight answer. You'd be better off reading Tarot cards.

I suspect the AIM market would be the best placed to know. To be fair I think COMG investors had used their inititive and found out it was delisted but it was the absence of any statement from the company that caused confusion and concern to shareholders. The statement from Holmes in 2009 on the website consisted of 90% bragging about how they had grown the business up and the other 10% confirming however that it had run out of money.

[officerdigby] 07/11/2012 15:50

But I guess the regulator knows right? LOL.

[officerdigby] 07/11/2012 14:27

LOL seriously WTF!.

Hey guys please post when/if this one is finally de-listed, as otherwise no one will ever know.