Welcome to the Rpoints Forums.
+ Reply to Thread
Page 3 of 4 FirstFirst 1 2 3 4 LastLast
Results 21 to 30 of 39
  1. #21
    Expert planteria
    Join Date
    Apr 2000
    Location
    going down the wednesbury road
    Posts
    3,886
    Rep Power
    0
    "The latest twist in the Totalise tale."

    used to be totalise?

  2. #22
    Enthusiast brax
    Join Date
    Nov 2000
    Posts
    1,466
    Rep Power
    0
    Not exactly, Planteria. You've clearly not been giving this your undivided attention! But Tot shareholders in many cases ended up holding shares in this company due to a series of events over the last 5 or 6 years.
    The patient investor

  3. #23
    Enthusiast brax
    Join Date
    Nov 2000
    Posts
    1,466
    Rep Power
    0
    I've been doing a little digging to try to understand the changes here. I was interested because it was only last year that Credcard was making loud noises about how great a future it had. I was surprised that it was sold so soon.

    Here's a reported statement from PG that I found interesting. It sounds almost as if PG might have a continuing interest in the "credecard" operation -- now owned by ID Data. And what of the shareholders? Well the little people (ie us) have been rolled out of the picture. We have shares in a thing called Alphatemps. It may be a lovely thing but it ain't Credecard.

    Al I reading this correctly? If so then we may find we now own a pig a poke.

    QUOTE --
    Peter Gregory, CEO of CredEcard, said: 'The merger of our business with ID Data will allow us to fulfil our ambitious plans and become a major force in the pre-paid and associated financial services businesses.
    'We have demonstrated our advanced capabilities in the payroll sector and have a pipeline of other exciting potential clients.
    'Now we have a stronger group offering a fully integrated solution which will be delivering clients further advantages.
    'We have been impressed with ID Data as a supplier and with their dynamic approach to acquiring our business and providing us with immediate new sales leads for our future growth.
    'CredEcard has an attractive offering and combined with the international credibility of ID Data will, I believe, deliver success for all.'

    [All except us, that is -- we who have been bought out]
    The patient investor

  4. #24
    Enthusiast brax
    Join Date
    Nov 2000
    Posts
    1,466
    Rep Power
    0
    Here's a link to the whole statement. You can find it by googling "Peter Gregory" and "ID Data" and going to the Citywire link.

    It sounds almost as if PG might still be running the "independent" Credecard unit at ID Data, although it doesn't actually say that in those terms. Look at the language - "merger" and "independent business unit." The implication is that Credecard has found the funding it needs to go forwards.

    Well I hope we got a good price. We now own a temp agency with a one page website. Alphatemps anyone?

    http://www.citywire.co.uk/Shares/Ann...mentID%3d11623
    The patient investor

  5. #25
    Contributor wjordan
    Join Date
    May 2001
    Posts
    300
    Rep Power
    0
    Interesting to look at PG's directorships between 2002 and 2004!

    MR PETER GREGORY,

    Managing Director and driving force of CredEcard Plc, he is the source of
    initial funding for the venture.
    Current and previous Directorships over the past 5years are:
    22/11/2002 JCJ Limited (resigned)
    26/11/2003 Another.com Limited
    25/06/2002 CredEcard UK Limited
    10/07/2004 Cheviot Artus PLC (resigned)
    05/01/2004 Q X Limited
    17/09/2004 Q X Sales Recruitment Limited
    26/11/2003 Funmail Limited
    12/06/2003 J C J Locums Limited (resigned)
    12/06/2003 J C J HMR Limited (resigned)
    12/06/2003 Capital J C J Limited (resigned)
    29/04/2002 J C J Holdings PLC (resigned)
    07/02/2002 Spans Partners Limited
    31/08/2000 D C Tech Limited
    28/01/2000 Intermutual Financial Services PLC
    24/01/2000 Greyspark Limited
    19/01/2000 Alpha 235 Limited
    28/02/2003 Beta 123 Limited (resigned)
    28/02/2003 Tau 123 Limited (resigned)
    28/02/2003 Delta 123 Limited (resigned)
    20/02/2003 Alpha 234 Limited (resigned)
    19/03/2002 Jardin Vert Limited (resigned)
    08/02/2002 Inet Sales and Marketing (resigned)
    08/02/2002 Totalise Bidmark Limited (resigned)
    08/02/2002 Totalise Clicksave Limited (resigned)
    08/02/2002 OWS Limited(resigned)
    08/02/2002 E-Agent Limited (resigned)
    07/02/2002 Totalise PLC (resigned)

  6. #26
    Enthusiast brax
    Join Date
    Nov 2000
    Posts
    1,466
    Rep Power
    0
    Certainly quite a list. Of course a lot of these are connected companies, for example the Totalise cluster of companies.

    I imagine that this particular exercise on "quasi-mutuality" has died. With more of a whimper than a bang. Perhaps it was an idea whose time had come -- and then gone.
    The patient investor

  7. #27
    Junior Member member225405
    Join Date
    Aug 2007
    Posts
    1
    Rep Power
    0
    I'm a bit confused over the situation here. Are my shares in CredECard now relative to Alphatemps or still CredECard?

  8. #28
    Contributor Biggles2
    Join Date
    Oct 2000
    Posts
    316
    Rep Power
    0
    Quote Originally Posted by member225405
    I'm a bit confused over the situation here. Are my shares in CredECard now relative to Alphatemps or still CredECard?
    Alphatemp. And, just to make it really clear, the Epic is now CRDP......

  9. #29
    Enthusiast brax
    Join Date
    Nov 2000
    Posts
    1,466
    Rep Power
    0
    Biggles,
    what do you make of this.

    Have we been outsmarted? Or should we be glad to have share in Alphatemps?
    The patient investor

  10. #30
    Contributor Biggles2
    Join Date
    Oct 2000
    Posts
    316
    Rep Power
    0
    Quote Originally Posted by brax
    Have we been outsmarted? Or should we be glad to have share in Alphatemps?
    I don't speak as an expert in this business. I have felt, for a long time now, that the whole thing was run for the benefit of one P Gregory and that anything the 'mutual shareholders' would get out of it would be purely fortuitous. It would seem that he is going from one venture to another in the hope that one finally pays off bigtime. All we can hope is that it does so while we hold our shares.....


 

Similar Threads

  1. Orange Business: Generous packages for your business
    By karlam in forum Phones and telecoms
    Replies: 0
    Last Post: 9th November 2009, 09:55 AM
  2. Replies: 0
    Last Post: 6th November 2009, 04:33 PM
  3. Exclusive Online Offer: Save 62% on the Angelcare Nappy Disposal Syste
    By cauk2002 in forum Health, beauty & fashion
    Replies: 0
    Last Post: 20th September 2009, 05:24 PM
  4. Natwest Business Accounts: The number 1 Business Bank
    By BangraMonkey in forum Finance & Property
    Replies: 0
    Last Post: 27th August 2007, 01:57 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts