Re: Paid out Got final payment Friday last.Any know what the total payout was ?
Re: Paid out Yep 5.1 p.Little bit more to come and then thats it - think 0.6 pCheersFD
Paid out On 28th Jan ... 5pvoluntary liquidation. Another pumped up AIM losers.
22 Decenber Still no news of anything.
Re: Last Chance We should be getting @5p per share this winter.See:Appointment of BDO and timetable for return of capitalFurther to the Notice from the Board dated 5 May 2015, we can confirm the Company was placed into Members' Voluntary Liquidation on 21 May 2015 and Malcolm Cohen of BDO LLP was appointed Liquidator.All initial statutory matters have now been dealt with. Companies House has been notified of the Liquidation. The Liquidator is required to place certain adverts in the London Gazette including a notice to creditors inviting them to submit claims. These notices were advertised on 28 May 2015.The Company's tax advisers are in the process of preparing all outstanding tax returns (corporation tax, VAT and PAYE) in respect of the pre-liquidation period. Once these returns are submitted and, where applicable, liabilities settled, the Liquidator will request his final clearances to close the liquidation from HM Revenue & Customs ("HMRC".Following a recent internal restructuring of insolvency processing work from 1 December 2014, HMRC intend to provide an 'integrated' insolvency claim encompassing all HMRC debt from a new office in Worthing, the Enforcement and Insolvency Service Unit. However following this centralisation all Insolvency Practitioners have encountered significant delays in HMRC providing the necessary clearances with this routinely taking in excess of four months of the initial clearance request.Once tax clearances and have been obtained, the claim period has expired, and all known creditors have been settled, a first distribution to members may be made. It is envisaged that a majority of the funds (in the region of £10m) will be distributed at this stage. Timing of the distribution presently remains uncertain but it is anticipated to be Winter 2015. We will liaise with Capita, the Company's registrar, to confirm the amounts payable to the members and they can issue the distribution payments. The Liquidator would therefore ask that all shareholders ensure that any changes to their contact details are updated with Capita.Following the release of the funds held in the escrow account (circa £1.2m pending warranty claims), a second and final distribution may be made to the members in April 2016, subject to the above. As before, we will liaise with Capita to issue distribution payments direct.Once the above has been dealt with the Liquidator will issue his final report and convene the final meeting of members. The meeting must be advertised in the London Gazette giving at least one months' notice prior to the meeting.Should you have any queries regarding the Liquidation please do not hesitate to email [email protected] quoting Helius as the subject."
Re: Last Chance Any news on voluntary liquidation will we get anything back ?
Re: Last Chance Been informed delisting on 21 April .will they be much better then worthless after that . imagine you wouldn't be able to keep informed .very difficult and costly to sell. ?
Last Chance There is still a chance for one of the big player's to come in with a cash buy, £20m is nothing to them. They'd get CoRDe before the shareholder vote. Avonmouth if they reapply for the planning permission and the forgotten Southampton site (curiously not mentioned in the last RNS? Who will get that site?So the assets don't stop at the £12.3m CoRDe
NEW ARTICLE: Why Helius Energy has surged 171% ... again "The week has started with a bang for LSE:HEGY:Helius Energy, but it was an update released after the market closed on Friday that set the fuse burning. Helius shares rocketed by as much as 171% first thing Monday after management said it had sold ..."[link]
Re: CASH offer well in excess of share p... Well at least the spread seems to have halved since early today now 5%
Miaim - completely agree IMO NBR looking very chep still, cash ini the bank, no debt and previous RNS's talk of acquisition. Of course DYOR but is looking strong today and when the announce hits it should fly
Re: CASH offer well in excess of share price Plus there is some cash at the company as well
CASH offer well in excess of share price I do not think people have read the announcement carefully. there is a cash offer for the company of 12.3 million against deductions of 1.1 million for legal fees , creditors and contingencies leaving 11.2 million. There are 195 million shares issued which equates to a share distribution of 5.7 pence a share. You may need to wait a few months for payment but the share price seems far too low so would seem sensible to buy at this price before delisting
Re: anything happening Don't know- but I also would like to know what will happen with current shares held. Will shareholders get a % from the £12.5m Rothes sale - or does it all go down the plug !!! Can someone explain why share price has gone up based on this news ?
Re: anything happening Another big Aim loser for me .last years rights was 12p.read they are taking it private will we get anything back for that ?