eagle51
07 Apr 2018
Re: Does Albion understand investing? 14 months later comes a reply, pharmaspecialist - things take longer as one grows older.All interesting stuff. Funny how KAY VCT never seems to invest in any of these winners. As ever this company exists mainly to pay fees to the manager of thousands of pounds a week. What exactly do they do for it, or is that a silly question? If I could be bothered to look for the share certificate (I made the 'investment' - that's a laugh - before I had an internet broker) I'd transfer the shares into my dealing account , sell and buy a takeaway. Shareholders fortunes don't matter to this lot - just like all the others. There have been a few different managers over the years and they've all had their noses deep in the trough - the first lot to an extent that might have had the SFO interested if anyone had reported them. That was in the days of Birney & Co. Hope something unpleasant happened to him. All imo. dyor
pharmaspecialist
28 Feb 2017
Does Albion understand investing? If you get a chance, read the latest "Albion News", the magazine produced by Albion to promote itself. The article is by Ed Lascelles, who is a philosophy graduate with corporate finance experience who has become Albion's Head of Technology Investment. Ed extolls how desirable it is to invest in "digital disrupters". He mentions that "it has never been cheaper and easier to take a new idea to market" and how the "breadth, pace and magnitude of the digital disruption" is so exciting. But these statements are negatives for investing in this sector. What investors should really be looking for is a dominant company in a slowly developing sector as it is so much easier for a company to maintain its competitive advantage in such a situation. However, I would agree with him that digital disruption is exciting and it makes a good story!
eagle51
10 Apr 2015
Re: Supplementary prospectus Just seen your reply, PI.If my memory serves me correctly, I first asked: [link] to have a look at what went on here under Jock Birney's chairmanship (he used his chairman's proxies to vote the outgoing Quester an unjustifiable bonus of £1m). I may be wrong, but I think one of UKSA's people joined the board and added his nose to the trough. Nothing changed.This is a waste of time and should have been wound up a long time ago, regardless of the possible claw-back of income tax/CGT relief claimed in the past - simply in the interests of honest and financial probity. I'm a retired CA (former parter in one of the so called Big 4 firms) and what has been (still is) in evidence here is about as close to fraud as I think I've seen, except for a directors' bonus scheme given the green flag by a non-exec who gained millions by doing so (the company is GVC Holdings - read what I've said on the BB there if you're interested).The 'professionals' share of the action in Juridica (JIL) also takes some beating.It is out of control - shareholders everywhere are being shafted. It's going to kill the markets because people like me have simply stopped putting money into the markets; and I tell as many people as I can to put their money somewhere else, no matter how little it returns. It isn't only bankers - its directors across the board. The City is now fundamentally dishonest. Has been for a while - about a generation in fact.Let's hear it for the FCA.
Passive Investor
27 Mar 2015
Re: Supplementary prospectus Yes there is. I've been caught on this one. Are you a member of ShareSoc [link] ? Think they provide the best hope of taking on these managements.
eagle51
26 Mar 2015
Supplementary prospectus I wonder if Albion Ventures will charge more for preparing this than any money it raises. I can't think why any more money is needed anyway - no-one knows how to invest it in a way that makes any sense to me.Be prepared for a decrease in NAV as they empty the pot of a lot more. What shareholders? Oh - those pests. Ignore them; they can't do anything.Albion are NOT getting enough - I'm voting they get more. A lot more. I'm embarrassed they're only getting what they are - this company is highly complex. First you have to find a company owned by a close friend or personal contact, then it has to be a cripple, then you have to throw a lot of other people's money at it, in the knowledge that, if it was your own money you wouldn't touch it with a barge pole. Then you have to find a few other city slickers to say everything's ok and pay them loads more than they'd usually charge to do this.Who on earth would invest in a scam like this? They have to be kidding. I expect it's just another way to charge money for their valuable services that benefit no-one but themselves. People should have gone to prison over this. I don't suppose the SFO would take any notice, but it might be worth a try - the evidence seems pretty overwhelming, regardless of the agreements that are in place. Seems to me the one's benefiting have been involved in the proxy fixing that means it isn't worth turning up to vote at the AGM.I don't suppose anyone's reading this. Is there anyone out there?
