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Newmarket Investments Share Discussion Threads
Showing 776 to 799 of 800 messages
|Makes you wonder how much management took out in wages etc over the years. Did management ever do anything to increase shareholder value?|
|Ah nice, so all down the Pan then....|
|Lane Bednash of of Valentine & Co has been appointed administrator with effect from the 21st August 2012|
|targatarga - they still have the property this is an except from the Chairmans report at 31-Mar 2010 :
To that end we have completed two transactions to raise money and repay creditors. Firstly, in September 2010, the trading name British Bloodstock Agency was sold for a consideration of £30,000 before costs and then in October 2010, BBA Insurance Services and Equine Risk Management Limited were sold to the existing management team for a consideration of £30,000 before costs. In addition, the Board are seeking ways to exploit the IRB brand, to enable it to increase revenue and improve cash flow.|
|Outsourcer -do they still have assets.... I don't like the sound of extra funding..... imho|
|I have had an email from Jonathan Cohen and they are still trading, and per the March 2010 financials:
"In September 2010, the company sold its investment in The British Bloodstock Agency (UK) Limited for a gross consideration of £30,000 and in October 2010 it sold its investments in BBA Insurance Services Limited and Equine Risk Management Limited to the management for a gross consideration of £30,000. The British Bloodstock Agency (UK) Limited had been inactive for almost two years and the latter two companies were breaking even and not providing any contribution to parent company costs."
They are also trying to secure a deal for further funding.|
|Outsourcer - Aim directors like to quietly disappear. Often the only remaining assets go into their coffers/pensions etc... imho|
|my first visit back to this BB since Oct and just seen the post 768, nothing else has been reported and nothing relayed to shareholders of NWN, so still sat holding my 1M shares and nursing a £15K loss !!!|
|very interesting. what will this mean for shareholders?|
|Rausing and Frisby purchase historic BBA
By Bloodstock World Staff 3:03PM 30 SEP 2010 TBA CHAIRMAN and Lanwades Stud owner Kirsten Rausing has joined forces with agent Richard Frisby to buy theBritish Bloodstock Agency, which next year marks its 100th anniversary.
At its pinnacle, from the post-second world war period to the 1980s, the BBA was the largest bloodstock agency worldwide, dominating sales and buying notable horses including Caerleon, Nureyev and record-priced $13.1million yearling Seattle Dancer on behalf of a Coolmore syndicate.
Both Frisby and Rausing served as directors of the famous Newmarket firm but left, along with many longstanding agents, in 2001 a turbulent year for the BBA in which Simon Hayes took over as chief executive, overhauling the company and changing its name to Newmarket Investments.
Kirsten Rausing: new BBA director
The BBA was among Newmarket Investments' portfolio of companies, which also includes equine insurance agency ERM and the International RacingBureau.
Rausing bred Sunday's Prix de l'Arc de Triomphe contender Fame And Glory in partnership with Ptarmigan Bloodstock, a company founded in 2004 by Frisby and David Loder, with former banker and Egerton Stud owner Guy Heald as one of the main investors.
The BBA name will be used to front a similar venture, with Heald on board as a third director alongside Frisby and Rausing, and Michael Goodbody joining the company in a consultancy role.
The operations of the new BBA will bear little resemblance to the agency in its heyday. Rausing and Frisby said in a statement: "We would like to emphasise that it is not our intention to rekindle the BBA as an agency with all its former ancillary services.
"Our first aim is to establish a significant bloodstock investment fund which will trade principally in breeding stock. The fund, BBA 2010, would be formed as an Enterprise Investment Scheme."
The Enterprise Investment Scheme offers tax relief to encourage investment in smaller higher-risk trading companies.
Frisby said: "The aim is to be in action in time to purchase at the breeding stock sales. Letters are being signed now outlining the investment opportunity and the offer will close in mid to late November."
20 Oct 2010|
|the directors are just a disgrace and not concerned for shareholders, will the FSA do anything if contacted ?|
|almost a year since suspension?|
|Rampant - unfortunately dead rats stay in their holes. imho|
|Any news on this one?|
|Cheers for reporting back OUTSOURCER|
|emailed Cohen again yesterday and apparently they are trying to complete a transaction through the company and once they know if this will happen they will update shareholders.|
|does anyone have a clue what is happening here, I have called Tony GP and no answer on the number, I called Cohen and left messages but no repsonse, I have emailed him and no response, surely they cant just disappear like this|
|Still no news in here? Really disappointed to get caught in this one last year and struggling to get any up to date information.
Recently found a new site with some really good research information. www.share-exchange.com The great thing is it's totally free, well worth a look whilst we wait on news from NWN.|
|didnt someone say that they were too write to shareholders this year and the accounts would be ready by 31 January 2010.|
|outsourcer - you could try a seance or maybe the wigea board[sic]. The ashes have probably gone cold with the rich pickings long gone! Could be wrong but the signs aren't good. regards|
|wonder if/when we will ever hear anything|
|Rampant - you must have had some insider knowledge to invest such a sum here? regards|
|sh@t and I was smarting on my £15K|
|All he said (a lot) was he couldnt really say anything at the moment. But he did take my call which I guess is a start! They are apparently going to write to share holders. my investment is high here I was in at well over £50K....|