Plus Markets Group Share Discussion Threads

[waldof] 28/11/2012 14:57

Nice of WINS to usher in the new name by dropping the price!

[harry f] 28/11/2012 14:52

#4412 pjw. kerman are their solicitors based at 200 strand.

[harry f] 28/11/2012 14:30

just wondering... is it time for a new chat board or are we staying here?

can we rename this board?

i'm happy to go with the flow.

[harry f] 28/11/2012 14:21

i like the website, well done guys.

(edit) - just one thing..... on the main page i believe "INVESTORS RELATIONS" should read "INVESTOR RELATIONS"

sorry to be pedantic, lol.

[pjw1956] 28/11/2012 13:55

Welcome to Polemos plc

Polemos plans to acquire a diverse portfolio of direct and indirect interests in exploration, development and production oil and gas assets which are based in Africa. Both on-shore and off-shore interests will be considered.

[old thumper] 28/11/2012 13:42

The rns has arrived

[old thumper] 28/11/2012 13:37

Harry,

The only trading comic with the eye for a bargin that I've come across must be NT

[harry f] 28/11/2012 12:15

"If that was the case surely they would have to attend the recent meeting?"

maybe but their out of office now so have no need to be there. i dont think those that turned up were interested in their investments.

"Pidley little £500k's doesn't interest me!"

me too. what interests me is them standing in the dock and testifying under oath, and reiterating their current version of events. for at least one this will be something i don't believe they can do, and if they try it will end in tears.

"How did he do that?"

seemed to have some involvement with jennings and perhaps other major shareholders. the board would never have pushed for it for obvious reasons.


digressing, i think the lack of trading activity is because there's no real volume left below 0.22. looks to me like it's gonna stay here till any news breaks. btw, i like the comedian who picked up 423k the other day, exactly the same as the stated director payoffs.

[old thumper] 28/11/2012 11:57

Harry,

"30th nov because the directors i belive are still employed by plus until this time£

If that was the case surely they would have to attend the recent meeting?

"out of court against the directors might get us an easy quick win £500k"

Pidley little £500k's doesn't interest me!

"chapman has done us all a massive favour pushing for the extra £500k"

How did he do that?

[harry f] 28/11/2012 11:21

i don't thats right thumper.

first of all i don't think we can take action before 30th nov because the directors i belive are still employed by plus until this time.

then if action is taken what's probably going to occur is we submit the case and they retort defiantly that nothings amiss. the facts (of which we only know a part) speak differently. i expect/ anticipate the accounts etc to align somewhat to the wider irregularities, to what degree i don't know. ias10 is an obvious one for starters.

now a judge normally wouldn't take kindly to a case which could be settled out of court going to court but this is different. taking action has knock on effects to the involvement of forum and icap, and whatever their involvement was needs to be out in the open.

with forum i cannot see how what appears to be a lot of irregularities taking place, many which ultimately were beneficial to them and detrimental to shareholders can be overlooked, especially as they are a related party. i dont think there is a genuine shareholder in existence (obviously omit your mate taroo) that thinks it was a good idea to sell ts, not then and not now.

out of court against the directors might get us an easy quick win £500k with minimal costs but doesnt solve the problem. getting them to testify under oath will do.

chapman has done us all a massive favour pushing for the extra £500k from icap because it keeps us alive. i don't think he knows much more than anyone else, after all you look at the historical facts and the story is clearly explained.

[old thumper] 28/11/2012 10:25

I spoke yesterday as to why Simon Chapman got interested back in the summer and your comment this morning ,Harry, would explain it.

"out of court settlements being reached"

Any court cases may had been going on in the background for months and perhaps he's got wind of it.

[harry f] 28/11/2012 10:10

maybe? it was at 200 strand.

what have they done? seen the name and taken it?

[pjw1956] 28/11/2012 09:53

harry, did our two directors take a liking to the name at the General Meeting?



Previous Company Names
POLEMOS LIMITED
Changed 27 Nov 2012
KERMAN SHELF 24 LIMITED
Changed 9 Oct 2012

[harry f] 28/11/2012 09:42

by the way.

i like the polemos name a lot. if the name of a company is intended to signify/ correlate to it's purpose then i'm all for it.

just one thing i wouldn't like to see occur is for shares to be issued pre any action being announced as i expect there would be an automatic rise of the share price on the back of this. if "adding value" and "incentivising" is the rationale for issuing the shares then a lot could be made even before anything is achieved. that said i trust these guys (and spencer and bruce) to do the right thing.

then another thing i've been thinking of is out of court settlements being reached. if possible i do not want to see this, it does us no favours.

when i explained what occurred at plus to somebody a while ago they retorted with "if it was a conspiracy after all, how could they have done things any better?.... because if they could have done things better then it's not a conspiracy"

......i've thought about it many times since but still can't think of an explanation. i can't see what else they could have done.

[nitaroo] 28/11/2012 09:28

New website too.

Pretty stringent (almost warlike) business rules they have given themselves.
Good Lord.

[harry f] 28/11/2012 08:47

thumper

i threw things off at a tangent yesterday with the £31m and the meaning is not what it seems; apologies. im no practising financial accountant so every time i come across it these days i'm learning it virtually from the ground up.

the balance sheet is split into 2 parts and both must balance. the "footnote" part constitutes of the following 4 items:

1) capital = a
2) share premium account = b
3) retained deficit/ surplus = c
4) equity attributable to shareholders = d

and a + b + c = d

describing parts 1) - 4) in more detail

1) capital - this is just the nominal value of the shares (5p) multiplied by the number of shares in issue. in the link above posted in #4403 there is capital of £19,345,373.20. all this is is the 386m+ shares in issue multiplied by the nominal value.

2) share premium account - this is the excess price paid over the nominal amount. so if an issue of 1,000 shares is made at 7p then 2p a share (£20 in total = 2p*1000) goes to this account.

3) retained deficit/ surplus - accumulated as per accounts.

4) equity attributable to shareholders = the balancing figure of the above.


bearing all this in mind and assuming no corresponding change to nominal value it appears 240,400,700 extra shares have been issued at 5p. the value these were issued at is indeterminable but if the nominal value has not been lowered then we know it must be at 5p or more. if higher than 5p then any excess will go to the share premium account.

[squirrel888] 28/11/2012 08:41

harry f 28 Nov'12 - 08:25 - 4407 of 4407 0 0

can you do me a quick favour guys?

find out if there has been any change to the nominal value of the sx shares after the icap takeover.

How? We need inside info from ICAP to find that out. But I do see where you might be going with this.

POLEMOS - Fantastic name - I love it. Do we still keep the same EPIC - PMK? The P and the M are fine and we could keep the K to show we are going to KICK back.

Anyone?

[harry f] 28/11/2012 08:25

can you do me a quick favour guys?

find out if there has been any change to the nominal value of the sx shares after the icap takeover.

[old thumper] 28/11/2012 07:55

pjw,

I've just flipped 180 degree in my opinion and I now love the new name!

Let's kick butt!

[pjw1956] 28/11/2012 06:54

PLUS MARKETS GROUP PLC
Name Changed 27 Nov 2012

[old thumper] 27/11/2012 17:14

So far we've not really got any closer to find out what the Mysterious Simon Chapman got so excited about Plus back in the summer, let alone what Bruce is up to. They've both tied up their money for nearly 6 months and so far it's not really got anywhere. Can we all have a Happy Christmas, Please.

[risk1] 27/11/2012 12:37

How much cash have they left?

Can find no updates regarding this anywhere?

Also lots of posters seem to be concentrating on the old plus but I have not heard of any
possibility of recouping the lost money from the past?

tia

[joeblogg2] 27/11/2012 11:49

waldof I too hope they have something in mind as they have had some time already to decide. There must be some decent profitable companies that can reverse into here to make use of the listing and losses?