Taihua Share Discussion Threads

[zangdook] 06/4/2017 10:53

ianguerin

SFT was one of the neatest of these cons. Read my comment in 659. 658 has the links.

[1fox1] 06/4/2017 09:28

AIM......INVEST AT YOUR PERIL!!

[ianguerin] 06/4/2017 08:50

The directors have humour?

"Given current market conditions, and in particular the lack of investors for the Company's businesses, the Directors are of the opinion that it is difficult for the Company to attract any or meaningful equity investment through its status as a quoted company on AIM and accordingly the Directors will be assessing potential alternatives to raise growth capital" - I wonder why there's a lack of attraction for investors?

"There are significant professional fees associated with the Admission.
In the Board's opinion the costs of Admission outweigh any benefits that currently accrue to the Company or its Shareholders and the Admission should therefore be cancelled as it is no longer in the best interests of the Shareholders as a whole.
Once the Company has ceased to be listed on AIM, it would be easier to operate as a private limited company than as a public limited company and it is therefore also proposed that the Company should re-register as a private limited company. This will save a small amount of money on annual running costs....." - make your minds up guys, are the costs significant, or just a small amount of money?

"Following the Delisting, although the Ordinary Shares will remain transferable, they will no longer be tradable on AIM. Consequently, it is likely to be more difficult for a Shareholder to purchase or sell....." - so how is making it more difficult for me to buy more shares, in my shareholder's interest?

"However, the Directors intend to continue to operate the Company for the benefit of all Shareholders. They also intend to continue to keep Shareholders informed of progress." - well those are major departures from previously.

I was a "victim" of Spectrum Interactive (another Chinese company I believe) delisting a few years ago, when the company was obviously worth more than the directors suggested at the time. I held out when the company went private & was fortunate to benefit when it was taken over a couple of years later. Could lightning strike the same here, or am I not that lucky?

[oxtail2015] 05/4/2017 18:35

舞弊

[zangdook] 05/4/2017 18:28

太滑

[yobstol] 05/4/2017 17:09

To release this RNS today they must be confident they have the 75% required or close enough and rely some of the remaining shareholders not voting.

So when the vote goes through and they delist, then everyone's remaining holding becomes worthless as there is no need to buyout the remaining shares is there?

[tonytwotouch] 05/4/2017 17:08

well....it's blatant fraud imo...issued flesh stock cheap on behalf of a director....shortly afterwards taken it private...do peeps really think that nick would sell out at less than a 1/3 of his purchase price?...the difference will have been made up off book...he was worse than useless to us anyhows....need someone with corporate law background to see how this company have consistently undermined 4he sentiment and consequently the share price

[oxtail2015] 05/4/2017 12:48

As for the directors buying stock that could be just a ploy to get this pushed through.Hope everyone will vote against this delist and make them put a fair price on the table for our shares.

[horneblower] 05/4/2017 11:22

I am fairly sure jtcod would not have known. He just got fed up with them...as I did.
Good luck guys.

[oxtail2015] 05/4/2017 11:11

Anybody here think nick or jt cod knew a delist was coming?.Or were they kept in the dark.

[lyonst5] 05/4/2017 10:55

che7win, I will suspect that they will secure the vote by fare means or foul, they will have it in the bag before the meeting. I suspect we are just a few holders that they need to be shook out now and then hey presto they get their cake and eat it.

I think to be a part of a private Taihua is that one could achieve more than the way it is now. At the moment the state of affairs is diabolical.


P.S.
From today's announcement that made me chuckle.

" the Company would no longer be required to comply with the AIM Rules (or to have a nominated advisor),"

And the thought of getting shut of WH Ireland, makes me want to sing and increase my holding.

[che7win] 05/4/2017 10:37

Lyonist, AIM rules were tightened for foreign stocks a year or so ago, it could conceivably be rejected if enough holders vote against.

[lyonst5] 05/4/2017 10:34

Is anybody able to shed light on this.
If the company has irrevocable undertakings from Shareholders holding +70% for going private, then this should constitute the requirement for making a formal takeover offer for the company as the 70% are in concert.

[tevita] 05/4/2017 10:21

tradermick1 will want everyone to forget he was RAMPING MRS soon won't you hatey ?

[tevita] 05/4/2017 10:20

tradermick1 aka hatey you were PUMPING TNCI have you forgotten ?

[lyonst5] 05/4/2017 09:27

The value of the shares will be driven by how much the Chinese board don't want unknown private individuals involved. The current Nav is more than 10x the market cap now.
Even the 3 million forsythia bushes and good weather during spring should generate profits of £3-£5m and not the silly numbers we have been seeing in the accounts over the years.
The problem for the executive in China is not the nonsense which they stated in today's rns, but the problem of how to secure the company and rid it of its shareholders in some legal way.

[davydoo] 05/4/2017 09:25

I blame the web developer

davydoo
18 Jan '17 - 15:24 - 10136 of 10253

brief to the web developer?

We want to take this company private, so if you could make us look as inept as possible that would be really helpful


More seriously, I am gutted to see this happen this way. I would recommend shareholders speak to sharesoc to see if they can offer any support.

My own timing was simply fortuitous. For those who don't know me I am a Chartered Financial Planner. Over the last few years I have been retreating from my private investing to focus on my work, which reduced my time to research, attend agm's etc. Since then I have been reducing my holdings and investing alongside our clients in the same funds we recommend to them.

If I was still a shareholder I would seek to get to know other shareholders and try to negotiate collectively. Good luck

[tonytwotouch] 05/4/2017 09:14

0xtail2015 .....totally agree but where is bargaining power..everything is corrupt and even a threat to seek legal examination of the bods conduct would be white washed methinks

[davydoo] 05/4/2017 09:09

pitiful. predictable but still pitiful.

I am fortunate to no longer hold any, Nick selling was the final straw to my mountain of concerns.

Good luck to those still hold, especially lyonst who has worked so hard to research the company, encourage the bod to fulfil their duties and to keep this board updated.

Having lost a small fortune on YGH, this is another sad tale for Chinese AIM stocks.

[oxtail2015] 05/4/2017 08:59

They should pay what the company is worth not what they are prepared to give.should pay the nav at least.

[tonytwotouch] 05/4/2017 08:58

we need a pi savvy enough to attempt to secure a reasonable price (all things considered)for we are at the whim of the bod and they have not imho opinion conducted in good faith

[tradermick1] 05/4/2017 08:49

Anybody remember Tnci another Chinese stock.

They did the same thing but the boss who held 63% agreed to pay 20p a share for
the rest and considering the price was around 3-4p at the time it was a excellent
result for shareholders.

But for every one director being generous on Aim there is 20 who want to rip you off !

"Mr Yunwu Liu and Mr Mingjian Yin, the Directors of the Company, and Mr Tao Ji, the major Shareholder of the Company, have signified their intent to purchase Ordinary Shares from other Shareholders after the Delisting"