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SDIC Sdic Power.

18.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sdic Power. LSE:SDIC London Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 18.00 - 0 00:00:00

Sdic Power Discussion Threads

Showing 1526 to 1546 of 1575 messages
Chat Pages: 63  62  61  60  59  58  57  56  55  54  53  52  Older
DateSubjectAuthorDiscuss
16/11/2013
17:41
take circa 400mill capital add borrowings and invest in an asset class that has done well should= a good investment.
what have we been paying all these mangement fees for and what were the directors doing.
hope mr m private german residential investments have been performing better for his sake.

bisiboy
16/11/2013
12:58
do we have any idea of the extent of the claims they are persuing it is very vague and given the lack of trust unhelpfull.
i agree a london meeting would be good but I understand that mr mellon is quite ellusive
perhaps a secrety meeting in a coffee shop.

bisiboy
16/11/2013
01:07
Instead of Agms on Christmas Eve in the Isle of Man why is it not possible for a director to arrange a meeting in London at a reasonable time and date so that they can explain exactly what they are trying to do on behalf of shareholders and hopefully explain how they ended up where we are today ?

JM agreed to do this when I saw him at a London Investor event face to face but then went back into a shell claiming a meeting may prejudice a legal claim !!

davidosh
15/11/2013
20:59
The 2013 accounts are now available by contacting the company secretary, Nigel Caine:

nigel.caine@sdic.im

This is the reply I had from him on its wind-up proposal:

Further to our last correspondence, SDIC plc is still progressing some outstanding claims and the directors consider that there is still potential value available to the company in pursuing these items based on current legal advice. Therefore the company will continue to advance these claims for the immediate future, and monitor their progress as long as there is a reasonable expectation that this will benefit the shareholders. Were this not to be the case then the directors would likely recommend the winding up of the company on that basis.

Some of the claims are likely to continue into 2014, and therefore there is no immediate plan to wind up the company whilst this process is ongoing. Further updates will be made to shareholders as matters are progressed.

checkers2
03/10/2013
20:56
It has also been a long while since they shut down the website and the Fairfax bargain settlement facility and said they were liquidating shortly...
grijandel
17/8/2013
05:58
Are we ever likely to see any kind of return post-administration etc. here?

And if not - why is that? I realise administrators always have a vested interest in maximising their fees, but it's now over two years since they said:

"The Company remains confident that a proposal satisfactory to all stakeholders will be adopted, in due course."

- before which time we had Net assets per share of €0.34 - so if we aren't to get anything back ever - can someone explain to me in ways I can understand exactly why that is?

As for Jim Mellon-linked investments of any kind, I'm afraid the man is on my personal blacklist "no way" filter along with a few others.

boystown
12/7/2013
19:39
Can anyone upload somewhere the last accounts? They are not online, not even at Isle of Man public registry...
grijandel
07/6/2013
22:29
Indeed. "Serial entrepreneur" Bob Morton comes to mind. I've lost more money following his efforts than I care to remember.
jeffian
07/6/2013
22:03
His speciality seems to be propping up failed ventures with personal loans - Speymill Deutsche, Speymill, Rivington, Plethora - strikes me as someone with arguably more money than sense?

Bargepole.

It's a bit like Bill Gates repeatedly pouring money into JJB Sports - just because people are rich, doesn't mean they have good judgment. Sometimes people just get lucky big-time once, and then spend the rest of their career not losing enough money to make a major difference.

P/

paulypilot
04/6/2013
23:25
"Britain's answer to Warren Buffett"

Yes, I saw that and had a laugh. Warren Buffet is famed for his annual 'chats' with shareholders and is something of a guru in shareholder communication. Jim Mellon, I believe, favours Agm's at 9.30 am on the Isle of Man. Warren, meet Jim. No, I don't think so!

jeffian
01/6/2013
23:16
I just wonder what the large institutional holders have to say about the issues here?... They invested tens of millions into the most stable property environment in the world. Where is the explanation of where it all went ?
davidosh
01/6/2013
14:18
JM is also Chairman of Rivington Street Holdings (RIVP), another POS he is supporting with his own money. They've just announced their (ghastly) Interim results.........at 5.59pm on Friday! There is a pattern here with shareholder communication, no?!
jeffian
20/5/2013
10:59
I have learnt to keep a very long distance away from JM after SDIC. Effectively raped the company in so many ways. What might prove amusing would be if someone brought to his attention a really strong post bordering on slander. Would love to have a day in court with him and get some answers to exactly what he was up to. Personally don't think he would rise up to the challenge though.
horndean eagle
20/5/2013
09:17
What about the Nomads ? Have they provided any answers ?
davidosh
20/5/2013
09:14
"Most of all I'm disappointed by JM who I thought was batting for the PI."

I'm afraid rich people bat for themselves. If small PI's pick up a few crumbs from their table, it's pure luck. When things don't go so well, the rich will make sure they get to keep the bat and ball even if the game is over for others as investors have discovered here, at CSLT, at ULG and so many others.

jeffian
20/5/2013
09:13
Have you written to the large institutional investors to see what they have to say about it ? They are the significant holders and owners of the company and can apply pressure.
davidosh
20/5/2013
08:48
I have written to the various directors and have had zero response. The level of information provided to shareholders here is a disgrace.

bisiboy, legal action would be lengthy, difficult and expensive. At least that's what the directors are hoping.

Another example of the PI getting the raw end of the deal.

Most of all I'm disappointed by JM who I thought was batting for the PI.

All I want now is closure in some form.

mazbar
04/5/2013
22:20
It is very clear that shareholders have not had satisfactory closure here. Has anybody written to the company to ask for an explanation?
davidosh
04/5/2013
20:43
Is there any mileage in a 'negligible value' claim here with HMRC yet, has anything been issued to offer them as evidence of NV? TIA
fireplace22
04/5/2013
19:16
arm and a leg is about right for me
a very unsatifactory stae of affairs with no proper explaination do you think there may be some merit in legal action against the directors.
if jm is worth 800m it might be worth a pop but what would be the grounds?

bisiboy
21/4/2013
23:05
I do not think any private shareholders have ever had a proper explanation as to what went wrong as many of the assets were protected from the banks grasp but it seems Speymill had first dibbs themselves and Mellon himself had a few too from memory.
The property prices in Germany never crashed and have actually increased significantly in the last two years so unless the directors here allowed the managers to throw money down a black hole with the maintenance programmes or the properties were bought at vastly over inflated prices in the first place it is difficult to believe there was nothing left ??

davidosh
Chat Pages: 63  62  61  60  59  58  57  56  55  54  53  52  Older

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