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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Meriden Grp | LSE:MRD | London | Ordinary Share | GB0032888470 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.04 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.04 | GBX |
Meriden (MRD) Share Charts1 Year Meriden Chart |
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1 Month Meriden Chart |
Intraday Meriden Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/10/2010 | 11:15 | WILD CARD FOR 2006 - MERIDEN | 1,368 |
| 07/4/2006 | 09:05 | Meriden Group - Time to get noticed. | 1,081 |
| 29/12/2004 | 18:02 | Meriden Group - is a transformation just around the corner? | 2 |
| 07/7/2004 | 12:15 | AM I THE ONLY ONE | 174 |
| 10/6/2004 | 13:13 | Meriden - what a load of tripe | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 23/8/2008 07:24 by sagem zinyowem -.i have a very spooky feeling that things will be good....no news is good newsJUST A REMINDER TO ALL MRD INVESTORS RNS Number : 3147A Meriden Group PLC 31 July 2008 MERIDEN GROUP PLC FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007 Meriden Group plc, the investing company, announces its final results for the year ended 31 December 2007. Highlights · Pre-tax losses of £207,427 (2006 - loss of £1,577,358) · Loss per share of 0.06 pence (2006 – loss of 0.46 pence) · Negotiations ongoing regarding an acquisition which, if consummated, would constitute a reverse takeover · Directors do not recommend payment of a dividend Enquiries Rick Payne, Chairman Tel: 01606 721300 CHAIRMAN'S STATEMENT Introduction I am pleased to present my Chairman's report for Meriden Group plc for the year ended 31 December 2007. Results During the period the Company made pre-tax losses of £207,427 (2006 - loss of £1,577,358) representing a loss per share of 0.06 pence (2006 - loss of 0.46 pence) Events during the year On 16 August 2007, Russell Stevens resigned as a director in order to pursue other business interests. I and my fellow Director, Stephen Black, joined the board on that date and we would like to thank Russell for his contribution to the Company and wish him every success in the future. On 9 June 2008 the Company announced that it was in detailed negotiations regarding an acquisition which, if consummated, would constitute a reverse takeover under the AIM Rules. The acquisition would be subject to the approval of shareholders and the granting by the Takeover Panel of a waiver of the obligation on the Company to make a general offer under Rule 9 of the City Code on Takeovers and Mergers. Since the Company had been unable to complete a reverse takeover prior to 9 June 2008, being 12 months after the Company became an investing company pursuant to the AIM Rules, trading in the Company's shares on AIM was suspended on that date. Restoration of trading will occur upon publication of the Company's circular and AIM admission document relating to the acquisition. European Commercial Trust Limited, a substantial shareholder in the Company, has made funds available to the Company to enable the Company to continue the search for a suitable candidate for a reverse takeover. R Payne 30 July 2008 DIRECTORS' REPORT The directors present their report together with the audited financial statements for the period ended 31 December 2007. The financial statements have been prepared in accordance with International Financial Reporting Standards ('IFRS') as adopted by the European Union, applied in accordance with the provisions of the Companies Act 1985 and present financial information on the Company only. Principal activity The principal activity of the Company is that of an investing company quoted on AIM. Business review The Company did not trade during the year under review. The Company incurred administrative expenses during the year of £207,550, of which £155,981 related to payments made to Russell Stevens as compensation for loss of office and in lieu of his notice period. On 7 September 2007 the shareholders and creditors of the Company were informed that the Creditors Voluntary Arrangement ('CVA'), entered into on 11 December 2006, had been completed and that the Company had complied fully with the terms of the arrangement and any claims against it had been completely extinguished. European Commercial Trust Limited, the Company's significant shareholder, has provided the Company with total funds of £253,430 during the year to cover administrative expenses. The Directors will preserve the Company's existing cash resources while actively pursuing acquisition opportunities. To help this, European Commercial Trust Limited has made further funds available to the Company to continue the search for a suitable candidate. The Directors are unable to recommend the payment of a final dividend. Financial risk management Despite its limited activities, the Company is exposed to a number of financial risks, which are outlined below. Risk management is carried out by the Directors. Interest rate risk - the Company is exposed to the risk of interest rate fluctuations on cash reserves. However, with only limited cash reserves available, the Directors do not consider this area is a significant risk to the Company. Liquidity risk - the Company's existing cash resources may not be sufficient to cover the costs of a potential transaction or to cover any working capital requirements of a new group. Accordingly it may be necessary for further funds to be raised before a transaction occurs. Directors The membership of the Board and the interests of the directors and their families in the shares of the Company as at 31 December 2006 (or date appointed if later) and 31 December 2007 were as follows: Ordinary shares of 0.1p each 31 December 2007 31 December 2006 Richard Payne (appointed 16 August 2007) 150,000 - Stephen Black (appointed 16 August 2007) - - Russell Stevens (resigned 16 August 2007) - 84,500,000 Richard Payne and Stephen Black received no remuneration for their services to the Company during the year. Substantial shareholdings The only interests in excess of 3 per cent of the issued share capital of the Company, which have been notified to the Company as at 12 June 2008, were as follows. Ordinary shares of 0.1p each Number Percentage European Commercial Trust Limited 84,500,000 24.49% Pershing Nominees Limited 33,274,206 9.64% Raven Nominees Limited 26,005,889 7.54% Barclayshare Nominees Limited 18,475,655 5.36% TD Waterhouse Nominees (Europe) Limited 15,805,698 4.58% Hoodless Brennan plc 11,725,406 3.40% LR Nominees Limited 10,807,326 3.13% Payment to suppliers It is the Company's policy to agree appropriate terms and conditions for its transactions with suppliers by means ranging from standard terms and conditions to individually negotiated contracts and pay suppliers according to agreed terms and conditions, provided that the supplier meets those terms and conditions. The Company does not have a standard or code that deals specifically with the payment of suppliers. As the Company did not trade during the year, no disclosure of creditor days outstanding on trade purchases is possible. Statement of Director' responsibilities The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. In accordance with company law, the Directors have elected to prepare the financial statements in accordance with International Financial Reporting Standards as adopted by the European Union. The financial statements are required to give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that year. In preparing these financial statements, the Directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company to enable them to ensure the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements and other information included in annual reports may differ from legislation in other jurisdictions. Disclosure of information to the auditors In the case of each person who was a director at the time this report was approved; * so far as that director was aware, there was no relevant audit information of which the Company's auditors were unaware; and * that director had taken all steps that he ought to have taken as a director to make himself aware of any relevant audit information and to establish that the auditors were aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of s234ZA of the Companies Act 1985. Auditors A resolution to reappoint Charles Lovell & Co Limited as the Company's auditors will be put to the members at the Annual General Meeting. |
Posted at 06/7/2008 05:52 by sagem Takeover target is in the businessservices sector....should hear some news soon In "detailed" talks for a potential reverse acquisition.( So they must have a potential company and may well pull this off..........the shares price could double.) Shares in Meriden Group suspended Jun 9 2008 AIM-listed cash shell Meriden Group saw trading in its shares suspended as it has failed to come through with an acquisition. But the group, previously based in Halesowen, said it was in "detailed" talks on a potential reverse takeover and that due diligence investigations were now underway. Meriden has previously said that it was interested in acquisition targets in the business services sector located in the UK, Europe or North America. Under AIM rules the investment company, now based in Northwich in Cheshire, was required to complete a reverse takeover by Sunday. But as it has not been able to finalise any deal, the junior market's rules required trading in the cash shell to be suspended. Meriden now has a further six months to make an acquisition or its shares will be cancelled. Meriden said in a statement: "Since the company has been unable to complete a reverse takeover prior to 8 June 2008, being 12 months after the company became an investing company pursuant to the AIM Rules, trading in the company's shares on AIM has today been suspended. "Restoration of trading will occur upon publication of the company's circular and AIM admission document relating to the acquisition." Meriden Group formerly had interests in IT in the Black Country, with a base in Halesowen. It transferred its registered office to Cheshire last year. Former director Russell Stevens left last year "to pursue other business interests". Two new directors were appointed - Richard Charles Payne, a chartered accountant and corporate finance director at management consultants Bennett Brooks & Co, and Stephen Howard Black, principal of law firm Stephen Black Solicitors. //////////////////// 9/6/2008 Shares in cash shell Meriden Group Plc. were suspended Monday morning as the company has yet to finalise the takeover required under AIM rules, although in a statement Meriden said it is now in "detailed" talks for a potential reverse acquisition. Meriden, which has previously said it was seeking a company in the business services sector, said in the statement that it is currently undertaking due diligence. Under AIM rules, the company has a further six months to make an acquisition, else its shares will be cancelled. |
Posted at 11/1/2008 15:34 by sagem We may get a big surprise one day and the price will actually go up |
Posted at 21/8/2007 13:58 by knowing Those MMs need to start chasing the share price...here's an example |
Posted at 21/8/2007 08:54 by chancer6 Level 2:It's a feed which shows the prices and the postions of market makers. For example in MRD, there are 5 market makers. Each market maker displays there bid and offer prices. The price they will buy stock from you and the price they will sell you stock at. The higher the number of market makers on the bid the more chance of a tick up. After each tick up or down, each of the market makers take a different position. |
Posted at 16/8/2007 19:17 by clivee chancer that 50,000 T trade was part of an order i put in 500,000 @ .13 but broker could only get 50000. Which was 230% over the NMS only need for the share price to go up over 50% before i start making a profit. |
Posted at 16/8/2007 13:28 by mister md 16 August 2007Meriden Group Plc ('Meriden' or 'the Company') New directors appointment and substantial shareholder Meriden is pleased to announce the appointment of Richard Charles Payne and Stephen Howard Black as directors with immediate effect. The Company also announces that Russell Stevens, the current sole director of the Company, has resigned with immediate effect in order to pursue other business interests. The new directors would like to thank Russell for his contribution to the Company and wish him every success in the future. The new directors will be looking to implement the Investing Strategy as detailed in the circular sent to shareholders on the 30 April 2007 with the resolutions being duly passed at the AGM held on the 8th June 2007. Richard, aged 46 is a Chartered Certified Accountant and corporate finance director at Bennett Brooks & Co Limited, Chartered Accountants and Management Consultants. Richard brings with him over 25 years of business experience with over 12 years spent in the corporate finance arena. Stephen, aged 49 is principal of Stephen Black Solicitors a niche corporate law firm. Stephen brings over 24 years corporate legal experience acting for both public and private companies. Richard Payne is a director of Bennett Brooks & Co Limited and Bennett Brooks Company Secretarial Services Limited and, in the last five years, was a director of Bennett Brooks & Co (North Wales) Limited. Stephen Black is a director of SKB Nominees Limited, CSB Nominees Limited, Hurstdale Services Limited and LAR Eastern Limited. In the past five years, solely in the capacity of establishing companies for the clients of his legal practice, Stephen was a director of Danay Limited, V3 PVT Limited, Technology and Evolution Limited, Carton Craft (Holdings) Limited, Dunham Scaffolding Limited, Bokent Limited, AMB Holdings Limited, The Coaching Bureau Limited, Cool Gifts for Kids Limited, Sacha Corporation Limited and Biltoneton Limited. Richard Payne holds 150,000 ordinary shares in the Company (with an equal amount of voting rights). There are no further disclosures required pursuant to schedule 2 (g) of the AIM Rules. Meriden has also been advised that European Commercial Trust Limited ("ECTL") holds 84,500,000 ordinary shares in the Company (with an equal amount of voting rights) which represents 24.5 per cent of the issued share capital of Meriden. These shares have been acquired from Russell Stevens who, following the sale of 84,500,000 shares to ECTL, no longer holds any ordinary shares in the Company. In addition, Mr John Fitzgerald, a director of ECTL, holds 10,000,000 ordinary shares in Meriden on trust for ECTL. Accordingly, ECTL is interested in a total of 94,500,000 ordinary shares in Meriden, representing 27.4 per cent. of the issued share capital of Meriden. |
Posted at 16/8/2007 12:51 by chancer6 Meriden Dir Change/Subs S'holderRNS Number:2520C Meriden Group PLC 16 August 2007 Meriden Group Plc ('Meriden' or 'the Company') New directors appointment and substantial shareholder Meriden is pleased to announce the appointment of Richard Charles Payne and Stephen Howard Black as directors with immediate effect. The Company also announces that Russell Stevens, the current sole director of the Company, has resigned with immediate effect in order to pursue other business interests. The new directors would like to thank Russell for his contribution to the Company and wish him every success in the future. The new directors will be looking to implement the Investing Strategy as detailed in the circular sent to shareholders on the 30 April 2007 with the resolutions being duly passed at the AGM held on the 8th June 2007. Richard, aged 46 is a Chartered Certified Accountant and corporate finance director at Bennett Brooks & Co Limited, Chartered Accountants and Management Consultants. Richard brings with him over 25 years of business experience with over 12 years spent in the corporate finance arena. Stephen, aged 49 is principal of Stephen Black Solicitors a niche corporate law firm. Stephen brings over 24 years corporate legal experience acting for both public and private companies. Richard Payne is a director of Bennett Brooks & Co Limited and Bennett Brooks Company Secretarial Services Limited and, in the last five years, was a director of Bennett Brooks & Co (North Wales) Limited. Stephen Black is a director of SKB Nominees Limited, CSB Nominees Limited, Hurstdale Services Limited and LAR Eastern Limited. In the past five years, solely in the capacity of establishing companies for the clients of his legal practice, Stephen was a director of Danay Limited, V3 PVT Limited, Technology and Evolution Limited, Carton Craft (Holdings) Limited, Dunham Scaffolding Limited, Bokent Limited, AMB Holdings Limited, The Coaching Bureau Limited, Cool Gifts for Kids Limited, Sacha Corporation Limited and Biltoneton Limited. Richard Payne holds 150,000 ordinary shares in the Company (with an equal amount of voting rights). There are no further disclosures required pursuant to schedule 2 (g) of the AIM Rules. Meriden has also been advised that European Commercial Trust Limited ("ECTL") holds 84,500,000 ordinary shares in the Company (with an equal amount of voting rights) which represents 24.5 per cent of the issued share capital of Meriden. These shares have been acquired from Russell Stevens who, following the sale of 84,500,000 shares to ECTL, no longer holds any ordinary shares in the Company. In addition, Mr John Fitzgerald, a director of ECTL, holds 10,000,000 ordinary shares in Meriden on trust for ECTL. Accordingly, ECTL is interested in a total of 94,500,000 ordinary shares in Meriden, representing 27.4 per cent. of the issued share capital of Meriden. Meriden also announces that its registered office has been changed to St Georges Court, Winnington Avenue, Northwich, Cheshire CW8 4EE. For further information, please contact: Richard Payne, Executive Director Tel 01606 721300 Jonathan Wright, Seymour Pierce Tel 0207 1068000 This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 12/7/2007 10:26 by bozzy_s Definately a positive vibe out there. 2m sell at well over the offer price, and no dip in share price. Must be someone accumulating. |
Posted at 09/6/2007 05:06 by sagem oppo -...Thank's for your note as above. I am aware of Russell Stevens but at the end of the day it is in his interest to make a success of this chance to find a good business to reverse into Meriden and so produce a good working company. This is his obligation to do so as I see it. Perhaps you would be so kind to explain just what YOU think will go wrong after all resolutions were passed at the Friday meeting. I am aware that Meriden can loose their stock market listing if a business is not found by next year, Stevens has said he is looking at potential companies and we shopuld hear some news very soon. I QUOTE.////////////// Subject to shareholder approval at the forthcoming AGM to be held on 8 June 2007 Meriden's strategy will be that of an investing company while it seeks to acquire a company or business. The Company is currently reviewing potential opportunities to acquire another company or business in the business services sector, for the consideration for which will be satisfied wholly or predominantly by the issue of New Ordinary Shares in a single transaction (a "reverse takeover"). The Directors' main investment criteria that will be applied in assessing potential targets are that the company or business:- - is based in the UK, Europe or North America; and - has growth prospects which, if achieved, will be earnings enhancing for Shareholders. //////////////////// Meriden Group Plc ("Meriden" or the "Company") AGM Resolutions and Share Capital Reorganisation The Company announces that at the AGM held earlier today all of the proposed resolutions were duly passed. The Share Capital Reorganisation (details of which were set out in the announcement of the Notice of AGM released on 30 April 2007) will now be completed, with the nominal value of the issued ordinary share capital (which is admitted to trading on AIM) being reduced from 0.1p shares to 0.01p shares, although the number of shares admitted to trading will remain the same (that is, 345,000,000 ordinary shares). The record date for the Share Capital Reorganisation is close of business on 8 June, with the issued share capital being re-admitted to trading on AIM on Monday 11 June. .................... MAJOR SHAREHOLDERS WILL BE LOOKING OVER STEVEN'S SHOULDER.... Name of Beneficiary holder Number of Ordinary Shares of 0.1p each Percentage Capital Pershing Keen Nominees Limited (601) Des:GWCLT 29,569,999 8.57% Barclayshare Nominees Limited (11301) 28,061,436 8.13% TD Waterhouse Nominees Limited (277) Des:SMKTNOMS 11,477,086 3.33% OMX Securities Nominees Limited (69XHN) Des:GEN 11,430,000 3.31% Directors Shareholding Name of Director Number of Ordinary Shares of 0.1p each Percentage Capital Russell Stevens (Chairman and Chief Executive) 84,500,000 24.49% Russell Stevens does not hold any share options in the Company |
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