Shaw(A) Share Discussion Threads

[scottrorke] 18/9/2006 11:07

Dear WayneB, I think that the status is the same whether or not your shareholding be dematerialised in a nominee account or held in paper. Either way you have proof of ownership and that's what will always count if you needed to prove your entitlement to say write-off value or some other form of residual value.

[wayneb] 13/8/2006 20:01

Yet another extention to the CVA till the 18th September,this has got to be the last chance saloon,why they just do not give

[mod] 24/6/2006 19:06

Good job I only held 10,000 old shares in a nominee account = about £135.
mod.

[teacup] 22/6/2006 17:42

I have some in nominee and certificate and have assumed they are all gone.

[teacup] 22/6/2006 17:41

Am I talking to myself?

[teacup] 22/6/2006 17:40

Is there someone in here?

[teacup] 22/6/2006 17:39

Who said that???

[wayneb] 11/6/2006 13:54

I must be going mad as i am talking to myself on here,??????

[wayneb] 06/6/2006 19:31

anybody there ???

[wayneb] 31/5/2006 17:52

Just when you think it could not get any worse i was thinking i would hold a few shares in the new company,if you hold your shares in a nomonie account crest have removed your shares so your broker has had to remove your shares from your account.My broker Lloyds Tsb have told me i no longer hold any of these shares and cannot get them changed to paper certs,also if the company goes into private ownership i still will not have any shares,the only way i would get any shares back is if the company gets a new listing(pigs might fly),yet if you hold in paper certs you still have the shares and will get new shares issued.Can anybody tell me if this is right there must be other holders in a nomonie account ?????????

Thanks wayneb

[wayneb] 26/5/2006 19:03

There was about 1.3 billion shares in issue,they are going to increase the share capitol by another 4.2 billion to make approx 5.5 billion shares then consolidation of 100,000 for one ,i get it to that there will be 55,000 new shares or have i done the maths wrong ?? anybody

[wywcu1] 26/5/2006 12:08

wayneb, thanks for update. We are all aware that we have been wiped out but at least this will take us out of limbo and we can offset the losses.

[wayneb] 25/5/2006 16:07

I have just has a talk with Ian Williams and the company is going to call a AGM as the CVA time ends in the middle of June so something has got to be done,if what i was told does go through they are going to increase the share capitol to pay the debt off with shares then have a share consolidation of 100,thousand to 1,so we will be wiped out and get nothing by the sound of it .

[wywcu1] 01/5/2006 10:21

from reading the above it would appear that we are truely screwed. The stock is worth f.a. but we still can't offset as a tax loss. How bad can it get?

[wayneb] 21/4/2006 17:10

Well,4 million pound debt and they were going to get 1000 shares for every pound of debt,that will make a lot of new shares and wipe our holding out me thinks

[scottrorke] 21/4/2006 11:05

Hi, this is the text of the letter that I received from Ian D Williams (Supervisor) of BenedictMackenzie re: Arthur Shaw & Company PLC (Subject to voluntary arrangement)

"The company is in a Company Voluntary Arrangement and it has no assets. It is intended that its liabilities of £4 million will be swapped for new share capital which will rank equally with the shares of the kind that you hold. When and if that is achieved, the company will be solvent and non-trading. The directors intend that it should commence trading again and they hope that it will eventually become a quoted company. Your shares may, then, acquire some value".

The phone number for Ian D Williams at BenedictMackenzie is 0207247 1174.

The address particulars are:-
Ian D Williams
Supervisor
BenedictMackenzie
62 Wilson Street
London EC2A 2BU

[wayneb] 30/3/2006 17:04

Yes it looks like we have lost the lot on these, they could have done this 2 years ago and not kept us hanging on hoping we would get something back

[Abuse team] 23/3/2006 19:03

Post removed by ADVFN

[small racer] 23/3/2006 18:38

Looks to me that the whole lot is a write off - and we 'small' investors will get zero.

[wayneb] 15/3/2006 22:55

I rang the administrators today and it is not looking very good.they cannot agree on a deal with HM Revenue and Customs,they are creditors,but not the largest, they are going to be paid in shares,they were not in agreement with the cva from the outset,so as i see it they do not want it to happen.They have until June to get the deal done if not it will fail and that is the end of Shaw

[teacup] 10/3/2006 17:34

which would mean that Brian Morrison also gets 1 share for every 1000 old ones, but I'm sure he's got some clever lawer working on that one.

[wayneb] 04/3/2006 14:34

Well March is here,i will give it to the end of the month and give them a ring,hopefully they have got ot sorted with HM Revenue and Customs by now,and will be able to issue new shares soon.This is probably when we discover we have got one new share for 1000 old ones if we are lucky.

[bluewizz] 22/2/2006 12:00

Weyneb/Scottroke

i too have STILL not had a reply from the Adminastrators to Date (Big surprise i think not)
my wife has only just come out of hospital so this has taken a back seat but i intend to contact the adminastators again (just to ensure i receive a reply) I Hope!!!.
i do not know what other course of action we can take ( HAVE YOU ?)

I agree with you that i do not think they are going to wind up the Company.
There were several major contributors who put quite a lot of money in to the Company in the recent past (2001/2002) can not see them just wasting that investment.........

but as to what IS happening we are completely in the DARK

[wayneb] 30/1/2006 18:01

Bluewizz

i still have not had a reply.I think we will be lucky to get anything back off these,but there may be some hope as i cannot see why the company are going to issue new shares(i was told that this is what they hope to do when all the creditor have been sorted) just to wind it up

[bluewizz] 30/1/2006 12:18

I have also sent a letter to the insolvency Practitioners 11 days a go after reading your post. I requested other information in regards to the company and notified them of my holdings but as yet like you i have had no reply. Please to hear if any one has a reply or info.