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post Posted: Mar 3 2012, 11:00 AM
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Any shareholders receive the SCHEME booklet and make any sense of it?

post Posted: Feb 25 2011, 11:04 AM
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Seems the rout is over.
Has held up with some good vol since the rep on the 7th quoting NTA as 80c.
Good buy supp, but thin liquidity makes it a bit risky still.

post Posted: Dec 3 2009, 05:19 PM
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In Reply To:'s post @ Dec 3 2009, 04:20 PM

A spy at the Killara Golf Club, where the Redcape chairman, Colin Henson, has been a member for 33 years, informed CBD how many members at the club referred to him as Superman.

It is unclear if Henson simply got the nickname of the superhero with the red cape from his skills with a nine-iron or his squarish jaw.

When CBD quizzed Henson on how he came across the name Redcape, he initially played coy on the superman reference.

''We looked at all the available names and I wrote down about 80 names, just one after the other.''

Henson said he was shocked to see that 78 of the names had already been taken, except a ''Cape''. So he had thought up a Yellow Cape and Blue Cape, ''and then I said, 'What about a Redcape?'

''The fact that it relates to Superman has got nothing to do with it,'' said an unconvincing Redcape chairman.

But when learning that CBD knew of his nickname, Henson said: ''It was coincidental. But I don't mind if it has that connotation I suppose.''

Henson would not disclose how he got the nickname, only to say it came from his squash-playing days. ''It's a tag I've never really minded,'' said Henson, who plays golf with an 11 handicap.

No doubt Henson would be happy for this nickname to translate into the corporate world, where he has attempted to do a few superhero-inspired turnarounds in the past. He is the chairman of the smartcard operator-cum-NSW Government litigant Videlli (formerly known as ERG) and was a financial director of the one-time Adelaide Steamship Group-owned brewer and owner of 600 pubs, Tooth & Co.

Redcape's heavily indebted ex-chief executive, Tom Hedley, lost his 57 per cent stake in the company through a margin loan.

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post Posted: Dec 3 2009, 04:20 PM
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Renamed by request:




post Posted: Oct 9 2009, 09:49 AM
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In Reply To: terrine's post @ Oct 8 2009, 12:53 PM

Spoke to the company

1/ Banking extension being completed over the next 4 weeks should be signed off by Mid November by all banks and HLG

2/ Exploring with Administrators how to move Tom's stake

3/ New Management Team based in Melbourne really trying to change the image of this company and looking towards the future

I bought up big in the low teens and continue to buy @ these levels

Just look at the prices ALE is selling its pubs for !

post Posted: Oct 8 2009, 12:53 PM
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Holding its own after reinstatement a week ago - very light volume -
Theyre not exciteed but they arent running for the door either.
The accounts arent as bad as I had anticipated - hotel valos are not too bad - its borderline with banking requirements.
300k still owed to liquidators of Hedleys pubs leased from the fund but it looks like they expect that and those pubs are trading OK and meeting obligations now.

What are they going to do with his 50% shareholding of the fund???

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post Posted: Mar 31 2008, 07:56 AM
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In reply to: obelix on Monday 31/03/08 06:21am

Will be interesting to see what is reported today.
What is more interesting is WHO bought it?

post Posted: Mar 31 2008, 06:21 AM
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In reply to: NQBill on Saturday 29/03/08 10:35am

The Australian Business:

Administrators were appointed to Opes Prime on Thursday night and, before the market opened on Friday, ANZ and Merrill Lynch had wasted no time dumping stocks at massive discounts.

The result: at least four companies were placed in a trading halt as a result of the collapse.

These include Admirality Resources, Hedley Leisure, manufacturer Austin Group and Reco Financial Services. thumbdown.gif

post Posted: Mar 29 2008, 10:35 AM
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In reply to: terrine on Friday 28/03/08 04:42pm

It has been suggested that these Xs are transfers from Ope to ANZ and represent the remaining value after the bank's loan has been deducted. It has happened to a number of companies.

post Posted: Mar 28 2008, 04:42 PM
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a 10 million share special cross (firesale) this morning at 1/2 price and a 3rd trading halt in as many weeks. doesnt look good does it.......
will that 1/2 price sale look good on resumption of trade?


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