Binaryman1
29 Jan 2016
Can anyone confirm when UCP be unsuspended? I want to sell these nightmare shares!
farmerdave
06 Nov 2015
Re: Suspension 305020Thanks - have you ever had a look at TRE - ? Would like to see what you think if you have timeCheersFD
thirty fifty twenty
05 Nov 2015
Re: Suspension Hi FDSuspension is as planned b/c of AIM rules.Company was intending to investigate a matched bargain basis.I'm surprised the price held up as investors scrambled for door not wanting to be holding shares in a private company.All IMHO, DYOR + BoL
farmerdave
05 Nov 2015
Suspension Odd - wonder what the news is ?
BoomOrBusted
23 Sep 2015
Liable? I still have some shares left in this. I'm wondering whether to take a punt and hold on to them in the hope that there will be a cash distribution in a year's time or so.However - bearing in mind the suspension of the shares on AIM coming up in November, once that deadline hits, there is, I guess, no turning back.IF it turns out the UCP finances go completely belly up and end up owing money instead of having cash, would remaining shareholders be liable?I'm trying to get my head round the level of risk here.
menfrommoyse
18 May 2015
Re: Cash left agreed. They don't mention if Nectrus is (counter) suing for this money on the basis UCP's case against them is not proven, so on what basis can they hold it. I'm v pleased they hang onto this. One possibility would be to transfer the ownership of the actual investments to Nectrus in lieu of the 18m, seems a simple solution esp if UCL were to take the hit of legal fees to date and maybe some sweetener.
farmerdave
18 May 2015
Re: Cash left Good news on having withheld 18m from Nectrus - so cash is there - what a twisted story this is becoming FD
farmerdave
30 Jan 2015
Re: What's Happening Should not be a loss as you should have received approx 48p a share in cash a week ago.If you read the posts below it will expolain the payout on the remainder is 0-8p - your guess is as good as our !FD
BoomOrBusted
30 Jan 2015
What's Happening Hi folks,I've taken my eye off the ball recently and had a bit of a shock to see what's been going on. I've read the announcement and I understand why I've now got a large number of low priced shares rather than a small number of higher priced shares. I also understand that UCP as a company is being wound up.What I'm not clear on is what happens to the shares now and what level of attention I should be paying to this. I've tried to take the long view with my investments and thus don't pay attention to daily fluctuations. However, I'm getting the impression now that this has turned into a short-term 'riskier' investment, with potentially a lot of fast upside or downside. Would you agree with that assessment? Has anybody seen this kind of process before and know what type of key dates to look out for? I guess an option is to hang on to the bitter end and hope the company's assets turn out to be worth more than the current share valuation?I'm also struggling to work out where I stand on profit/loss. I bought at around 16-18p a share many years ago and was nicely in profit up above 40p/share. But now III is showing an 18% loss.If you're reading this and thinking, "what an amateur" then I guess I deserve it, but will appreciate any advice/explanation you can give.Thank you!
farmerdave
20 Jan 2015
Re: Cash just got mine as well thanks
thirty fifty twenty
19 Jan 2015
Re: Cash Hi FDyes got CASH in both selftrade and TD a/csthe rump looks interesting - decent volumes
farmerdave
19 Jan 2015
Cash Thought we were meant to receive cash friday - anybody got theirs?FD
thirty fifty twenty
14 Jan 2015
Re: Cash left hi farmer daveI make it as a weighted probability re the different assets left worth probably 4p and maybe 6pthough downside might well be only 2p and 3 months+ to wait!the interesting aspect is how much the listed shell might also be worthfrom memory there are significant tax losses that can surely easily enough be utilised.so a bit of me (with holder bias!) that thinks we might just be surprised with the end result.one thing for sure the price mvt when in the waiting period for a bid was clearly (with hindsight) being bought by insiders so I suspect if the result of money chasing or shell uses are favourable there will be price activity in the run up to an announcement.All IMHO, DYOR + BoLUCP is in my portfolio(prior to CASH return a top5 hldg - see previous posts)
menfrommoyse
08 Jan 2015
Re: Cash left The money is not with the buyer. Basically, they paid less because of of the subsids investing in a couple of structured products sold by two Indian investment companies. I looked them up last year, both quoted and seemingly legit. Thus, it's v difficult to see why the money has not been repaid if the term of the product/investment had passed. There is a strange statement in one circular that seem to imply that the UCL subsid had acted inappropriately in making these investments, but I cannot see that helping us.I had hoped for a better explanation from UCP, especially about other measures.There is an ongoing litigation cost so some of the contingency will very likely be used up.Tax - who can say!?The one thing about the investments is that they accrue interest at 8-10% dep on the company (cant recall details but they are in one of the circulars). Maybe that should ring alarm bells as too good to be true.All in all a gamble of doubling your money at these prices.
farmerdave
08 Jan 2015
Cash left 15.7 m retained by buyer, 4m indian ax reserve,4 m other - total 6.58p Presumably why there has been buying the last 2 days - any views on recovery ?CheersFD
