Partway Share Discussion Threads

[weatherman] 05/11/2024 16:55

From docs 16 July, of the £1.37m left, directors may walk off with £400k, and liquidator £200k, leaving only about £700k for shareholders.

[cricketcrazy] 05/11/2024 16:46

I emailed the liquidator and was told not to expect any payment this year, delays due to the PPF looking into the pension fund!

[+eysenck] 05/11/2024 16:21

Has anybody managed to get any money from the first interim distribution that was due in September?

[chrisdgb] 10/6/2024 12:39

just allowing for costs......

[weatherman] 10/6/2024 12:39

Last accounts released, maybe approx. £1.4m to be returned to shareholders.
103 million shares in issues, I make that ~1.35p against 0.825p

[chrisdgb] 10/6/2024 12:26

1.2p per share.........?

[diku] 10/6/2024 06:40

When it changed the name that was the give away...Part-way...

[weatherman] 10/6/2024 06:22

So, it is good bye to an old acquaintance.

[+eysenck] 04/6/2024 08:50

Clock ticking..........

6 months from 08/12/2023 which was the date of completion of disposal.

[chrisdgb] 04/6/2024 08:03

Clock ticking..........

[chrisdgb] 29/4/2024 14:59

All about the deal..............

[weatherman] 20/3/2024 15:38

See post 7067
Disposal costs and pension contribution eat into the £2m.
"£2m - £639k - £240k = £1.121m cash."
£1.121, plus final £367,000 = £1.488m cash - no doubt some other Board costs probably gives about £1.4m by now.

[+eysenck] 20/3/2024 15:24

Weatherman, is it £2,367,000 given below?

21st Nov

- cash consideration of £2 million will be payable immediately; and

- a further £1 million will be retained by the Purchaser for adjustments based primarily on the working capital position of PPL at completion.

13th March

the Company has received £367,000, being the difference between the negative working capital position at Completion and the £1 million retained by the Purchaser, in accordance with the terms of the SPA.

[weatherman] 07/3/2024 21:36

I didn't think they would get the full £2m - even £1.5m would a lot higher than current mkt cap.

[+eysenck] 07/3/2024 20:48

Price decline makes me think that the £2 million may be in jeopardy. Provision to get some or all depending on completion accounts.As detailed in the announcement dated 21 November 2023, GBP1 million has been retained by the Purchaser to set off against the expected negative working capital position of PPL as at Completion and other minor adjustments. That working capital position will be determined from a set of completion accounts that will be agreed following Completion. To the extent that PPL's negative working capital position at Completion is less than GBP1 million, the difference will be paid by the Purchaser to PHL and to the extent that PPL's negative working capital position at Completion is greater than GBP1 million, the difference will be paid by PHL to the Purchaser.

[chrisdgb] 27/2/2024 09:00

Thoughts on how this plays out...........??

[chrisdgb] 26/1/2024 11:19

Don't know but still intrigued by some of the shareholders that are appearing here.......

[weatherman] 25/1/2024 07:09

William Roderick Peter Eyre has bought 5%, and price is down? Who is he?

[chrisdgb] 09/1/2024 09:59

Could be a fascinating year for this one........

[weatherman] 03/1/2024 20:59

The way I read it, if the max pay out is £3m, and £1m costs, then they would have min £1m and max of £2m cash once costs finalised. Those pushing this change to a shell probably have a target in mind.

[tomboyb] 03/1/2024 10:37

buys on AQSE -

[tomboyb] 27/12/2023 12:33

Limits very tight now -

Could be a background buy -

Lets see -

[tomboyb] 27/12/2023 08:52

I wonder if Ian Smith will look to buy more -

10million at 1p -

now 0.90p -