Voller Energy Share Discussion Threads

[hugepants] 19/11/2008 23:48

More info

Its not pretty. A dividend of approx 1p to be paid by end Feb 2009. Not much but better than nothing. The remaining shell to seek a reverse takeover but they dont say how much cash the shell will have (they prob dont know). I guess liquidating stock and unwinding debtors and creditors will take time. I assume theres still a tax credit to collect for 5 months since end of June.

[williebiz] 17/11/2008 20:11

Sorry to read the bad news, I did warn about this company a long while ago but I take no pleasure in seeing its demise.

Good luck, holders. Looks like it's worth holding for the wind-up.

[amorruso] 17/11/2008 20:09

Looks like a decent bet for a shell here with a nice divi too...market cap at £300k so anyone buying now can only stand to gain out of this one now.

[ucretin] 17/11/2008 18:56

The Board has resolved that, subject to Court and shareholder approval cash should be returned to shareholders by way of dividend. The Company intends thereafter to remain traded on AIM as a cash shell. The Company will have no trading business and therefore under the AIM rules it must seek the consent of shareholders for an investing strategy....."

My understanding is that as cash return is by way of divi, that we will still have a holding in this cash shell. Anyone confirm whether I am right/wrong.

[gbill11] 17/11/2008 14:51

At least we are getting something back. This action should have happened a long time ago.

[brwo349] 17/11/2008 14:25

This is my worst investment ever. It was just a pipe dream.

[hugepants] 17/11/2008 13:26

You may be right varies but Id hope there would still be something left over if 2.5p per share was returned as cash. Perhaps a shell with 1p - 2p left to take advantage of the opportunities that abound on the AIM market at the moment. Maybe a reverse takeover of another company with funding problems, who knows.

"...The Board has resolved that, subject to Court and shareholder approval cash should be returned to shareholders by way of dividend. The Company intends thereafter to remain traded on AIM as a cash shell. The Company will have no trading business and therefore under the AIM rules it must seek the consent of shareholders for an investing strategy....."

[dumbarton2] 17/11/2008 10:36

Another Pulypilot ramp gone wrong. He has had two bits of bad news today his large stake in VLR will come to nothing the co is to cease trading. What with Home reatil group going under and seeing ARG and INX shares collpase he has lost all credibility.

ACE his other ramp has crashed.

[hugepants] 17/11/2008 09:12

Best DYOR but Id guess VLR should currently have approx 6p per share of net liquid assets. If it was winding up Id go for 2p per share closure costs. So that would give 4p per share to shareholders. Then there is possible value in the intellectual property.

I was always thinking any potential buyer could just drag out any talks for months leaving VLR with no cash and no bargaining position. Now VLR are going to return cash to shareholders then just maybe now a potential buyer will make an offer?

Also I dont really get this returning cash to shareholders by way of a dividend but remaining a cash shell with an as yet investment strategy yet to be announced? Dont you do one or the other.

[currypata kai] 17/11/2008 08:10

so how much do we reckon they have now...do they have other assets ?

[strutt12] 17/11/2008 08:08

At the end of year the group had cash in hand of £1.948m

equates to 8p per share

[seizetheday] 17/11/2008 08:06

im thick

why the jump in price?

[strutt12] 17/11/2008 08:01

The boat has already been sold

[currypata kai] 17/11/2008 07:55

will that boat be sold and the proceeds returned to shareholders ??

[nicd] 13/11/2008 22:01

Paul,

the RNS says:

(b) Derivatives transactions (other than options)

Product name, Long/short (Note 6) Number of securities Price per unit (Note 5)
e.g. CFD (Note 7)
315,000 0.625P
SPREADBET SHORT

but you sold, so I dont follow

Nic

[hugepants] 13/11/2008 14:37

Thanks Paul, glad you've not written these off yet.

[paulypilot] 13/11/2008 14:18

Hi,

Just to clarify, I sold part of my VLR holding purely as a house-keeping matter on one particular account. They're worth next to nothing anyway. Crazy that I had to put out an RNS for a transaction for less than £2k !!!

Not selling the remainder (560,000 shares from memory).

Regards,
Paul.

[hugepants] 13/11/2008 14:11

Paul Scott is selling out