any update ?

PART 3 - THE COURT’S CASE MANAGEMENT POWERS

The business’ share price continued its descent today to 18.25p per share (4:15pm, 16 December). Twelve months ago the share price was trading at around 300p :(per share. This morning, AKO Capital sold 54 million sha res in Cattles, reducing its holding to zero. Welcome Finance offers secured loans to customers with adverse and heavy adverse credit profiles. "ONWARDS AND DOWNWARDS" CATTLES Discussion CTT CTT.L - Interactive Investor QUOTE "Stripping away all the chat, and wishful thinking, for me and for many, this company has proved to be an unmitigated disaster. I have held the shares for many years and have subscribed to its rights issues that were for, allegedly, expansion and funding. I have lost over 90% of the capital invested and now 100% of the income. It may or may not survive but with the management that we thought was competent but clearly has not been, it quite possibly will not and even if it does it will be a very long time if ever that we recoup our investments let alone make aprofit. It has clearly overtraded, entered areas into which it should not and if I were a lending bank I would not advance another penny without new management. I think the best course of action is just to forget about Cattles for a year, enjoy Christmas and ensure that other investments prosper in the New Year. There are lots of good companies around -sadly Cattles is not one of them. " Currently Active Caggers Viewing This Thread: 6 (1 registered Caggers and 5 guests)

Interesting

hello charlie1 "welcome" (as opposed to welcome .... cattles ,shopajoke etc ) to CAG it has been noted you to date have posted solely on the cattle group , we look forward to your future posts on non cattles topics (perhaps sheep) the answer to the question why all of a sudden the smooth over publicity for cattles from charlie1 .............. (eg the stating of the existence of a compliance officer at cattles -- thanks to you giving the details ) the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993 anyone object to cattles being granted a banking licience ....... please form an orderly queue

hello charlie1 "welcome" (as opposed to welcome .... cattles ,shopajoke etc ) to CAG it has been noted you to date have posted solely on the cattle group , we look forward to your future posts on non cattles topics (perhaps sheep) the answer to the question why all of a sudden the smooth over publicity for cattles from charlie1 .............. (eg the stating of the existence of a compliance officer at cattles -- thanks to you giving the details ) the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993 anyone object to cattles being granted a banking licence ....... please form an orderly queue

why all of a sudden the smooth over publicity for cattles from charlie1 .............. the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993

the question is do you have any reason to believe cattles are not fit and proper persons to hold a banking licience?

"Cattles, the sub-prime and doorstep lender, has been forced to admit that its application for a banking licence from the Financial Services Authority (FSA) is "proceeding at a slower pace" than expected, after its shares sank more than 20 per cent today. Shares in Cattles fell 22.3 per cent to 28.75p on speculation surrounding the lender's application for a banking licence. Companies applying for a licence have to prove to the FSA that they have enough capital adequacy to qualify and in April this year Cattles raised a further £200 million through a heavily discounted rights issue to help it meet the regulator's demand. The year before, Cattles tapped its investors for £133 million to fund its expansion. As a bank, Cattles had been hoping it could draw in around £1 billion in retail saving deposits by 2010 to reduce its reliance on the wholesale funding market, where banks lend to each other and have all but frozen in the current climate. Cattles is currently in talks with its lending banks, led by Royal Bank of Scotland, to renegotiate a £500 million credit line due to expire next July. In today's statement, Cattles said it was "dealing with a number of requests for further information" from the FSA. "Given the current banking environment and market conditions, the FSA is proposing more stringent tests for firms, particularly relating to liquidity and stress testing, on which the FSA has recently issued consultative papers," it said. "As a result, Cattles' application is proceeding at a slower pace than the Company had previously anticipated." A formal decision from the FSA on the licence application is expected by February 2009 at the latest. " Cattles dives on bank licence delay - Times Online

it is believed that traditionally CL Finance and not the lewis group ,have sent such a letter of assignment --- which is never received until court action has been started --- is it possible to let caggers look at a copy of the letter with the personal details removed, because this appears to be a change of tactics by lewis debt recovery/cl finance ????? has everyone else got a lewis letter ?

see this thread http://www.consumeractiongroup.co.uk/forum/legal-issues/168111-witness-statement.html?highlight=WITNESS

IF YOU READ THIS THREAD AND SEE THAT GE MONEY ARE HAVING TO PAY COMPENSATION FOR HARRASMENT IN AUSTRALIA THEN THOSE WASHERS WILL HAVE TO BE MADE OUT OF PLASTIC http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/169176-ge-money-pay-compensation.html

they will be able to rest 7 days a week never mind REST ON A SUNDAY :grin:

there is light at the end of the tunnel (in OZ at least) ge money to pay compensation to debtors for harrassment in australia - The Consumer Forums

AND NOBODY WANTS TO BUY 1ST CREDIT EITHER Planned Sale of UK Debt Buyer 1st Credit Put on Hold (07/25/08) Planned Sale of UK Debt Buyer 1st Credit Put on Hold An auction conducted by Citigroup to find a buyer for United Kingdom-based accounts receivable management firm 1st Credit failed to find a buyer willing to pay what the firm’s current private equity owner was looking for. Earlier in the year, it was reported that Bridgepoint would be seeking at least $650 million for debt buyer and collector 1st Credit (“