TX2
30 Jun 2017
Second liquidation cash retun. There has been a further 23p cash return made yesterday.At least one further return due probably next year.
TX2
05 Apr 2017
First liquidation cash return. Ensor have on 3 April made an initial cash return of 30p per share amounting to £8,968,792 in total to shareholders.This represents part of the cash on hand following the sale of Technocover,but does not include cash from the two most recent sales.A further distribution will I understand be made in the summer from these.This payment will have been made to your broker if shares are held in nominee account so may need to be chased up.
Looking for growth
23 Feb 2017
Re: Sale of remaining businesses. So if we say that adds up to about £20m I make that about 65p a share. Better than the 52p pence I would have got just before they delisted, but perhaps not as much as I had hoped for.I have voted to accept the various resolutions via my broker.LFG
TX2
23 Feb 2017
Sale of remaining businesses. In case any shareholders here holding shares in nominee accounts have not been advised yet.Ensor has reached agreement to sell its two remaining companies;Ellard Ltd for £7.3m comprising £6.3m on completion,£800k following completion of accounts to March 2017 & upto £300k based on results to Dec 2017.In addition subject to shareholders approval Woods Packaging Ltd is to be sold for £2,125,000.Ensor in addition has approx £10m in cash plus a building plot worth about £700k.A cash distribution of the majority of cash is expected shortly after liquidators are appointed plus a further distribution in Summer 2017 and a final small distribution in April 2018.
TX2
28 Nov 2016
Re: delisting As indicated in the announcement confirming previous announcements made over the last year or so Ensor Holdings Plc the listed holding company is going into solvent liquidation once the trading companies have been sold.Presently there is something over £10m surplus cash on the balance sheet from previous sales which equates to circa 35p a share this should be returned early next year.The company has two remaining profitable businesses for sale.The larger Ellards is close to being sold & when completed another return should be made.There is also interest in the remaining company Woods Packaging from various parties including the Harrison family(the largest shareholders) & a sale should be made next year.In addition there is also a residential building plot,previously occupied by a former business to be sold this may take longer to sell & there is a part payment for a previous business sold due in early 2018.There seems very little point maintaining a listing for perhaps a further two years at a cost of several £100k per annum whilst the bulk of business will have ceased & most surplus capital has been returned.The management have run the business for many years with complete integrity & I have no reason to doubt their statements.
glasgowboy
25 Nov 2016
delisting The principal effects that the Delisting would have on Shareholders are as follows:Shareholders will hold their Ordinary Shares in an unquoted entity and therefore there will no longer be a market for such Ordinary Shares. Accordingly, it may be difficult to sell Ordinary Shares following the Delisting; there would no longer be a formal market mechanism enabling Shareholders to trade their Ordinary Shares through the market. Share transfers may still be effected after the date of Delisting. While the Ordinary Shares will remain freely transferable, they may be more difficult to sell compared to shares of companies admitted to trading on AIM. It may also be more difficult for Shareholders to determine the market value of their stockholdings in the Company at any given time. However, in order to mitigate the impact of the loss of liquidity following the Delisting, the Company intends to set up a matched bargain facility as a trading mechanism for the Companys Shares. Further details are set out below in the section headed Trading Mechanism Post Cancellation;would the company not just offer you a very low price on the basis you cant sell anywere else or am i being naive?
TX2
25 Nov 2016
Delisting! Do n't panic.Purely a means of making it easier to return capital.I sold almost all my shares earlier this year when the share price exceeded 110p which I felt was probably above likely return of capital.However I took todays fall as an opportunity and managed to buy some small amounts back below 60p.With two excellent businesses close to sale plus substantial cash on hand from previous sales & a plot of building land I will be suprised if capital return was less than 80p & could be more.
TX2
28 May 2015
"Up for sale" Interesting development.Ensor has done very well recently both in terms of performance & share price.I assume the directors who control the business must have clear ideas of how value can be returned to shareholders.
TX2
09 Dec 2014
Re: Results! Good performance!
