Origo Partners Share Discussion Threads

[sigora] 27/9/2019 07:46

fingers crossed have few of these

[dave4545] 27/9/2019 07:24

Massive dividend for the Ords too.

£340k next to 358 million shares in issue...around 0.1p

I hold a few, think this is miles too cheap if more payments to come.

Should be a spike in this one as some stage

[zcaprd7] 17/9/2019 16:02

I think they're better off using the 5m to pursue the previous bod and advisors... Its 80% the prefs money anyway, so the ords don't care.

[zcaprd7] 17/9/2019 09:27

Yes, so 5 million, is 1 million, if we're lucky...

[russman] 13/9/2019 08:59

Ascend China is the only Chinese registered sub.
ZDPs get 80% of first $15m distribution.
The cash is needed for working capital.

[zcaprd7] 12/9/2019 12:16

Indeed, one slight wrinkle that hasn't been addressed, is the various bits of cash are supposedly stuck in Chinese subsidiaries, so may take some time to be repatriated and consolidated. We should find out soon enough. Also, the ordinary shares have to share any distributed proceeds with the prefs. This other aspect is whether they pursue the former BoD / advisors for the £100m spaffed up the wall in somewhat dubious circumstances.

[tidy 2] 12/9/2019 12:11

Origo #OPP (0.20p)$3.9m cash at end of DecemberSold investment for recently $2.1m---Total cash: $5m-6m. Market cap £650k75% held by major shareholdersPrevious management wasted over a hundred million dollars on bogus investments. Since then the major shareholder appointed a new board to retrieve as much money back as possible and return cash to shareholders.Just to get back to cash balance this is a 5 bagger. If they manage to liquidate any of their other assets you can add a few more bags to it.

[zcaprd7] 12/9/2019 10:28

Surely the spread prevents any pumping and dumping?

[jammydodger1] 12/9/2019 09:39

Dumping now watch out

[tomboyb] 12/9/2019 08:33

It is annoying -

Halifax won't allow any buying either -

Funds are in excess of 1p though -

That after the catastrophe -

[lazygun] 12/9/2019 08:27

Can’t see that. They have $5 million in cash, translates to about 1p per share...

Domiciled in jersey which is outside EEA, so smartinvestor won’t trade them,.,


Annoying

L.

[intheknow69] 12/9/2019 08:27

Pump and dump!!!

[jammydodger1] 12/9/2019 08:21

The had been ramped on twitter by some and they have bought in then watch it collapse

[lazygun] 12/9/2019 08:10

Barclays smartinvestor doesn’t allow trading in OPP.

how crazy is that....

L.

[zcaprd7] 09/9/2019 08:26

Some news coming?

[russman] 16/8/2019 08:47

Any idea when the AGM is. 15th Aug last year.

[zcaprd7] 13/8/2019 18:39

Prefs got creamed today...

[zcaprd7] 05/8/2019 15:37

Eye, eye, some news?

[russman] 07/7/2019 06:49

Spread around numerous subsidiaries. You are looking at the consolidated figure.

[zcaprd7] 04/7/2019 08:52

$3.8m in cash...

[russman] 30/6/2019 06:17

I agree that there is little point keeping either the ord or zdp listed.
I presume the ZDP still get the bulk of any proceeds per the agreement.
Not giving them more money.

[zcaprd7] 30/6/2019 00:00

I would chip in to sue the previous crowd...

[rjmahan] 29/6/2019 23:33

Could be a legal case to be won - I guess this is the reason not to wind up.

[sweet karolina2] 29/6/2019 09:12

Matching it up to what has been run on Shareprophets since 2015



Shows clearly that all this was foreseen and therefore entirely foreseeable 4 years ago.

Hats off to John Chapman for not mincing his words now and in the past.

The only question I have is why has he not suspended trading on AIM and put forward a resolution to delist (saving AIM, Nomad, Broker and PR company fees) and go into voluntary liquidation to return what little cash they can to shareholders. Whilst sound action has been taken under Chapman to cut the pointless waste of money on fees, the investigation he has done has cost more in different fees (mainly local lawyers trying to get ground truth on value of investments which are behind several layers of incorporation and opaqueness). The investigation is as complete as it ever will be, further investigation would not be a net benefit to shareholders. The only further fees should be the fees used to sue those from whom some of the money they took under false pretences can be recovered to add to the net pot of what could be returned to shareholders. With so little money left, there is already the chance that when winding up costs come off, shareholders get nothing at all.

It is notable that the situation with Norwegian based investments is not materially different to the China based investments. The common factor in all this is the old board and the old advisers.

[russman] 29/6/2019 03:00

Thought it was very well written. Not a happy ending.