Real Affinity Share Discussion Threads

[traidemark] 08/2/2009 14:53

purchased the phschometric test cd and raf cd from

[k123] 05/2/2009 14:38

Well win some lose some.

[k123] 21/1/2009 09:01

Is it all lost?

[buddyol2] 24/12/2008 12:04

oh well !

Merry Xmas !


Publication Date: Friday, 5 December 2008

Notice Code: 2410

Appointment of Administrators

In the High Court of Justice, Chancery Division

Newcastle upon Tyne District Registry     No 1258 of 2008

REAL AFFINITY PLC

(Company Number 03471448)

Nature of Business: Holding Company.

Trade Classification: 37.

Registered Office of Company: 4325 Park Approach, Thorpe Park, Leeds, LS15 8GB.

Date of Appointment: 28 November 2008.


Joint Administrators' Names and Address: R D Adamson and P Charlton (IP Nos 9380 and 5838), both of Mazars LLP, Mazars House, Gelderd Road, Gildersome, Leeds LS27 7JN.

[clarendon] 24/12/2008 11:56

Look on the Companies House website - Administrators have been appointed.

There is no mechanism for sending an RNS - the company is no longer listed

The end I'm afraid!

[buddyol2] 22/12/2008 13:40

where did you get that info from ? There is no RNS nor anything on the website.

[clarendon] 22/12/2008 13:20

Administrators appointed - RAF.........RIP..

[johnmp] 04/10/2008 11:31

does it make much difference the when, I assume you could sell RAF on the PLUS market but doubt if you will ever get a good price unless someone buys RAF out?

Its a very long wait now, if we have any luck RAF may be reborn in 2/3 years on the aim market, especially if they ever make a profit. One question is have they split up or is it the same old RAF? As far as I can see we have payed off using shares (right now worthless?) and I assume that means RAF is still one company?

[dweagle] 04/10/2008 03:17

when? is the question

[clarendon] 03/10/2008 22:12

Shares have been delisted. The company is still trading and is looking at re-listing on PLUS market.

[johnmp] 01/10/2008 10:37

Best of my limited knowledge indicates RAF are still out there. All they have done is moved off AIM.

Nothing on the RAF site which indicates otherwise, unless someone knows better. Are we not expecting some results soon?

[k123] 29/9/2008 19:58

Are they trading?

[johnmp] 26/9/2008 13:13

and wait and wait and wait............

2 or 3 years me think?

[k123] 24/9/2008 18:42

And wait?And wait?And wait...........

[johnmp] 02/9/2008 10:17

hang being the operative word.

companies have come back and their share price have even gone up (even been bought out). trouble is it usually take a few years. so wallpaper your wall with the certificates and wait?

John

[wee jamie2] 01/9/2008 23:50

I was really susprised to receive this letter as I thought RAF had gone bust.There is still hope that will come back to the Plus or AIM market,we will have to hang in there and hope for the best.
w j2

[dweagle] 01/9/2008 17:13

Here's the letter... thoughts anyone?

4325 Park Approach
Thorpe Park
Leeds
West Yorkshire
LS15 8GB

26th August 2008

Dear Shareholder

We are writing to advise you of the current financial situation of the Company and the Board's proposals for its future strategy.

CONFERACCOM LIMITED IN ADMINISTRATION

Shareholders will be aware that our subsidiary, Conferaccom Limited, was placed into Administration in May and we closed down our Corporate Hospitality Services business in June. This has resulted in a significant reduction in our fixed costs. Our remaining Real Affinity Agency business is our sole operating company and whilst indicative offers were received for this business they did not adequately reflect the Board's valuation of the business. Our Agency business is a well - established business with experienced staff providing high quality services to blue chip customers. This business has now been taken off the market and continues to trade in line with our expectations.

At the date of the Administrative Order of Conferaccom Limited, there were outstanding loans between Real Affinity and Conferaccom and whilst the impact of these loans was being investigated your Board requested a suspension of our AIM listing. Discussions, on the intercompany indebtedness, are still ongoing with the Administrator, with a view to reaching an agreement to settle these liabilities on a basis in line with Real Affinity's forward cash flow. It is hoped to conclude such in the near future, when ordinarily we would request a re-listing of our shares on AIM.




DELISTING FROM AIM

However, during this period of suspension, our Nominated Advisers resigned and their resignation coincided with the Board's deliberations concerning a potential significant acquisition which would have resulted in the future direction of Real Affinity not being solely focussed on marketing services. However, the professional costs and fees associated with this proposed transaction were out of all proportion to the size of the transaction, in part due to the regulatory and other requirements of AIM. As such, the Board have concluded that there was little benefit, and indeed, some distinct disadvantages of returning to AIM and we have therefore not sought a replacement Nomad. Accordingly, the Company was de-listed from AIM on 18 August 2008.

As an unlisted plc, the Board are able to undertake a reorganisation and secure this acquisition without the costs associated with AIM and we hope to be notifying shareholders of a General Meeting to approve these proposals in due course. We anticipate this will coincide with the announcement of our financial results for the year ended 31 March 2007.

PROPOSED ADMISSION TO PLUS-QUOTED

Preliminary discussions have been held with a firm of corporate advisers concerning the Admission of Real Affinity to Plus, an alternative listed securities market, to provide a continuing market for our shares. We will keep shareholders informed on the progress of these discussions.

FUTURE

The Company continues to have the support of RedKite Group and I shall write again to shareholders with further details of our strategy and the proposed acquisitions in due course.

Real Affinity plc has had some difficult trading times and the Board are very grateful for the loyalty and support of our staff, suppliers and shareholders. The Board is confident that the steps already taken, and the plans yet to be approved, will provide shareholders with confidence for the future growth in our Company.

N Brent Fitzpatrick
Acting Chairman

[buddyol2] 01/9/2008 12:32

letter on website, I can't copy and paste for some reason

[marriopa] 31/8/2008 13:36

I haven't got the letter with me at present, but all is definately not lost!

I'll post more tomorrow.

[dweagle] 28/8/2008 14:45

Marriopa: What did the Shareholders letter say? My shares are held in IWEB so I doubt I will see a copy.
TIA
EDit: I have asked IWEB and emailed to company for a copy in case anyone wonders(!) no result so far

[marriopa] 28/8/2008 13:41

What do think of the letter received today?

[clarendon] 21/8/2008 19:16

Relisting costs money - something this company is very short of!!