(INC) Insetco
-
1.23
+0.00
(n/a%)
- Add to portfolio
- Set Alert
- Level 2
Discussion
Buy UK shares for £1.50 with our regular investing service. Real time trading at £10.
| Result Pages: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | Next | ||||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| 02-08-12 | ||||
|
|
||||
|
|
||||
|
RNS Number : 9810I
Insetco PLC 01 August 2012  Insetco plc ("Insetco" or the "Company") Loan note conversion, issue of equity and total voting rights The Company announces that it has agreed to vary the terms of certain Convertible Unsecured Loan Notes ('Loan Notes') that are currently in issue. Following the variation of the terms the Loan Note holders have agreed to convert the Loan Notes into ordinary shares in the Company. Details of the Loan Notes Loan Notes have been issued to ADM Investor Services International Limited ("ADM") and Fairbairn Nominees (Jersey) Limited ("Fairbairn"), who hold the Loan Notes as nominee on behalf of underlying clients. Details of the Loan Notes are set out in the table below:- Issued to Amount Redemption date Announced ADM £350,000 31 July 2012 19 July 2010 Fairbairn £150,000 31 July 2012 19 July 2010 ADM £50,000 15 Sept 2012 03 Oct 2011 ADM £72,500 21 Nov 2012 16 Dec 2011 Fairbairn £52,500 21 Nov 2012 16 Dec 2011 ADM £181,250 31 Jan 2013 11 Feb 2011 Fairbairn £36,250 31 Jan 2013 11 Feb 2011 Total £892,500 The terms of the Loan Notes provided for a conversion price of between 14.5 pence per share and 40 pence per share Variation of the terms of the Loan Notes (the 'Transaction') The Company has agreed to vary the terms of the Loan Notes issued to Fairbairn, amounting to £238,750 in aggregate, such that they will convert into ordinary shares in the Company at a price of 1.5 pence per share. The Company has agreed to extend the redemption date of the remaining 31 July 2012 Loan Notes to 21 November 2012. The board believes that it is in the best interests of shareholders and the Company to vary the terms of the Loan Notes as described above. In the event that agreement had not been reached with the Loan Note holders the Company would be required to issue new shares by way of a placing in order to finance the redemption of the Loan Notes. Following the Transaction, the Company will have the following Loan Notes in issue: Issued to Amount Redemption date Announced ADM £50,000 15 Sept 2012 03 Oct 2011 ADM £422,500 21 Nov 2012 19 July 2010 ADM £181,250 31 Jan 2013 11 Feb 2011 Total £653,750 Issue of Equity Following the conversion described above the Company has issued 15,916,667 new ordinary shares in the Company. Application has been made to the London Stock Exchange for the 15,916,667 new ordinary shares to be admitted to trading on AIM which is expected to occur on or around 6 August 2012. The new ordinary shares will rank pari passu with the existing ordinary shares. Related Party Transaction Although holding shares as nominee for underlying beneficial holders, ADM is a substantial shareholder as defined in the AIM Rules for Companies. Accordingly, pursuant to AIM Rule 13, ADM is a related party. Having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, the directors of the Company, who are not involved in the Transaction, consider that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned. Total Voting Rights Following the issue of equity described above, the so enlarged issued share capital of the Company will comprise 180,399,763 ordinary shares of £0.00001 each. Each ordinary share carries the right to one vote at general meetings of the Company. The Company does not have any ordinary shares in treasury. This may be used by shareholders as the denominator for the calculations by which they w |
||||
| 22-06-12 | ||||
|
|
||||
|
|
||||
|
Final Results and Notice of AGM
RNS RNS Number : 9240F Insetco PLC 22 June 2012  22 June 2012 Insetco plc ("Insetco" or the "Company") Final Results and Notice of AGM Insetco plc, a company specialised in the arranging and structuring of securitised products based on senior life settlement policies, is pleased to announce its final results for the year ending 31 December 2011. For further information please visit www.insetco.co.uk or contact: Insetco plc Clive Cooke 020 7887 7840 Cairn Financial Advisers LLP Jo Turner / James Caithie 020 7148 7900 Chief executive's statement The results for the year to December 2011 produced a loss of £521,042 (2010: profit £1,407,777) and net assets of £970,760 (2010: net liabilities £364,532). The reported profit for 2010 arose after the write off of convertible loans relating to the discontinued ASG Media plc business which totalled £2.1m, following completion of the CVA which was approved in April 2011. During the year the Company concluded the acquisition of Saolpoll (Jersey) Limited and Integeral Capital Markets Limited. As announced on 1 September 2011, the Company entered into a conditional agreement to acquire the assets of ARM Asset Backed Securities S.A. ("ARM") together with the acquisition of Catalyst Investment Group Limited. Although a majority of ARM bondholders agreed to the terms of the offer, the conditions attaching to the agreement were not satisfied by the deadline date of 30 November 2011 and the offer subsequently lapsed. The Company will continue to pursue acquisition opportunities which provide a positive return for investors. Revenues in the year amounted to £250,000. The Board anticipates further material revenues during 2012 arising from the continuation of its SLS Programme, together with the acquisition and development of specific financial products. I welcome Joanne Cutmore and Simon Sacerdoti to the board and with their expertise and support we look forward to the future with confidence. Clive Cooke Chief Executive |
||||
| 24-05-12 | ||||
|
|
||||
|
|
||||
|
A much improved Board and setting the foundations for the future.
TH2 Directorate Change and Change of Adviser RNS RNS Number : 0510E Insetco PLC 24 May 2012  24 May 2012 Insetco plc ("Insetco" or the "Company") Directorate Change and Change of Adviser DIRECTORATE CHANGE The Company announces that, following the results of the earlier General Meeting, Mr Sanjeev Joshi has ceased to be a director of the Company. The Company is pleased to also announce that Ms Joanne Cutmore and Mr Simon Sacerdoti have been appointed as non-executive directors of the Company with immediate effect. Joanne Cutmore Ms Joanne ("Jo") Cutmore (aged 46) started her career in telecommunications at Vodafone and Lucent Technologies followed by two dot-com start-up companies. Moving into the finance sector in 2003, she gained experience in mortgages, protection and debt management where she published a book and articles on UK consumer debt. For the past 3 years she has specialised in the creation, securitisation and modelling of life settlement bond structures. Present directorships / partnerships Directorships / partnerships held over past 5 years Hugo Elliot Limited Kronin's Limited Life Settlement Investments Limited Life Settlement Securities Limited Senior Life Securities Limited Simon Emanuel Sacerdoti Mr Simon Sacerdoti (aged 41) qualified as a chartered accountant in 1996 with Levy Gee (now part of RSM Tenon), before moving into the corporate finance team at BDO Stoy Hayward in 1997, where he was involved in a wide range of transactions, specialising in advising high-tech and Internet businesses on fund-raising and flotations. Since 2004, Simon has concentrated on working with entrepreneurial businesses (both public and private) and for a number of years acted as Nominated Adviser to a portfolio of AIM companies. Recently, Simon co-founded WeSwap.comLimited, a company which is building an innovative peer to peer travel money business. Simon has an MA in Mathematics from Balliol College, Oxford University Present directorships / partnerships Directorships / partnerships held over past 5 years WeSwap.com Limited Cairn Financial Advisers LLP Camura Limited London Sephardi Trust MGIC plc Sacerdoti Productions Limited There are no further disclosures required pursuant to Schedule 2(g) of the AIM Rules. APPOINTMENT OF NOMINATED ADVISER Subsequently, the Company announces the appointment of Cairn Financial Advisers LLP as its Nominated Adviser and Broker with immediate effect. For further information please visit www.insetco.co.uk or contact: Insetco plc Clive Cooke 020 7887 7840 Cairn Financial Advisers LLP Jo Turner / James Caithie 020 7148 7900 This information is provided by RNS The company news service from the London Stock Exchange Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 05-03-12 |
1
|
|||
|
|
||||
|
|
||||
|
|
||||
| 22-02-12 | ||||
|
|
||||
|
|
||||
|
RNS Number : 9040X
Insetco PLC 22 February 2012  22 February 2012 Insetco plc ("Insetco" or the "Company") Trading Update The Company is pleased to announce that it has received a non-recurring performance fee of $1.03m (£650,000) in relation to the structuring of certain life policies that were funded by a client in July 2010. The fee is receivable following the maturity of these policies. The receipt of the $1.03m has a significant impact on the Company's working capital position and will allow greater resources to be focused on the on-going development of the Company's issuance programme. Whilst the distribution of the Company's first securitised product, the Senior Life Settlements issue programme has not been possible at this time, the Company expects to continue to receive a fee in respect of the Profit Participating Note referred to in the Company's announcement on 16 December 2011. The Company also announces that the Company has repaid £72,500 of Convertible Loan Notes ("CLN") that were due for repayment 31 January 2012. A further £217,500 of CLN that were also due for repayment have been extended until 31 January 2013 on identical terms save that the conversion price will be 7p per share rather than 14.5p per share and that the compulsory conversion price shall be 20p per share rather than 29p per share. Enquiries: Insetco plc Clive Cooke Sanjeev Joshi 020 7887 7840 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 30-01-12 | ||||
|
|
||||
|
|
||||
|
I topped up again today as I noticed others have had the same idea.
Not for widows and orphans but a reasonable long term punt IMO. TH2 |
||||
| 27-01-12 | ||||
|
|
||||
|
|
||||
|
No ARM deal, and re-listed.
Have bought 5k shares as a punt as the directors have a good business plan and may pull it off. TH2 |
||||
| 24-11-11 | ||||
|
|
||||
|
|
||||
|
Thursday 24 November, 2011
Insetco PLC Proposed Acquisition Update RNS Number : 6968S Insetco PLC 24 November 2011 24 November 2011 Insetco plc Update Re: Proposed acquisition of ARM Asset Backed Securities S.A. The Board announced on 1 September 2011 that it had conditionally agreed to acquire the assets of ARM Asset Backed Securities S.A ("ARM") and also to purchase Catalyst Investment Group Limited ("CIGL"). The acquisitions of ARM and CIGL were of a size that the transactions will be regarded as a reverse takeover pursuant to the AIM Rules for Companies which required that trading in the Company's shares be suspended pending publication of details of the acquisitions. The proposed acquisition of ARM has involved extensive discussions and negotiations with the relevant regulatory bodies, and in particular with the Commission de Surveillance du Secteur Financier (the "CSSF"), the Luxembourg financial regulator and their appointed agents. Following agreement with CSSF, the ARM bondholders have been approached by ARM to establish the level of support for the proposed acquisition of ARM by Insetco as set out in the announcement of 1 September (the "Proposed ARM Offer"). The Bondholders have been contacted by ARM to ascertain the level of support for the Proposed ARM Offer through a non binding poll of the Bondholders. ARM received indications of support for the Proposed ARM Offer as follows: - 60.30% of the holders of the ARM Bonds, Tranches 1-8 voted in the poll of which 94.51% have voted in favour of the Proposed ARM Offer. - Holders of 73.06% of the ARM Bond Tranches 9-11 voted and of those, 62.07% have voted in favour. Therefore in total, holders of 54.6 percent of the ARM Bond have indicated that they are in favour of the Proposed ARM Offer. Under the terms of the Acquisition Agreement entered into between Insetco and ARM on 1 September 2011 the conditions of the agreement are required to be satisfied or waived by not later than 30 November 2011. Despite the indications of support for the acquisition of ARM by Insetco from the advisors to the ARM Bondholders it is clear that the conditions of the acquisition agreement will not be met by 30 November 2011, and therefore the acquisition agreement will lapse from 1 December 2011, unless extended with the agreement of both parties. Negotiations are continuing between the parties, and with the relevant regulatory bodies to seek an appropriate extension to the agreement, It is anticipated that should the acquisition agreement lapse, whilst further discussions will continue between the parties with a view to eventual re-engagement, the suspension from trading in the Company's shares on AIM will be lifted and trading will be restored. A further announcement will be made shortly. Enquiries: Insetco plc Clive Cooke Sanjeev Joshi 020 7887 7840 Charles Stanley Securities Nominated Adviser Russell Cook / Darren Vickers 020 7149 6000 This information is provided by RNS The company news service from the London Stock Exchange END Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 03-10-11 | ||||
|
|
||||
|
|
||||
|
Issued as planned to cover running costs until the SLSP business takes off. They have also received a payment from C IGL related to the take over of the assets of ARM.
"The CLN are due for repayment on 15 September 2012 or, on the election of the noteholders, may be converted in whole or in part into new Insetco ordinary shares ("Ordinary Shares"), at a conversion price of 14.5 pence per Ordinary Share." So given that the current sp is 5.25p that shows IMO where they think the company could be going. TH2 |
||||
| 26-09-11 | ||||
|
|
||||
|
|
||||
|
I'm very late putting this up but as the BB is here:
RNS Number : 3931N Insetco PLC 01 September 2011  1 September 2011 Insetco plc Acquisition & Suspension from Trading Proposed Acquisition of the Assets of ARM Asset Backed Securities S.A. & Catalyst Investment Group Limited Insetco plc ("Insetco" or the "Company") has today announced that it has agreed to acquire the assets of ARM Asset Backed Securities S.A. ("ARM") subject to certain conditions including those referred to below. Insetco has also announced that it will purchase Catalyst Investment Group Limited ("CIGL"), subject to certain conditions also referred to below (together, the "Acquisitions"). The assets of ARM comprise the entitlement to cash from maturing senior life settlement policies (the "ARM Portfolio"), which have a face value of approximately $320 million (£196 million) which, together with uninvested cash to be acquired, has a present estimated market value of approximately $81 million (£50 million). Consideration for the acquisition of the assets of ARM will be met through the issuance of new Insetco 7.5% Perpetual Limited Recourse Bonds (the "Insetco Bonds") details of which will be provided to shareholders shortly. The value of the Insetco Bonds will reflect directly the market value of the ARM Portfolio at completion. Subject to the final terms of the agreement, it is also anticipated that Insetco will issue new ordinary shares ("New Ordinary Shares"), representing up to 10 per cent. of theCompany's enlarged issued share capital, further information on which will be communicated to shareholders in due course. ARM currently has outstanding liabilities for $220 million (£135 million) arising from a series of bonds issued by ARM with various fixed maturity dates and coupons. It is intended that these liabilities will be exchanged in full for the Insetco Bonds. Acquisition conditions The acquisition of the ARM Portfolio is conditional on, among other things, a majority of the existing ARM investors by value indicating that they will agree to the disposal of the ARM Portfolio. In addition, the Company notes the press release dated 29 August 2011 by the Commission de Surveillance du Secteur Financier (the "CSSF"), the Luxembourg financial regulator, concerning its refusal to grant a license to ARM as a regulated securitisation vehicle. The acquisition of the ARM Portfolio will be completed only if in compliance with this and previous statements by the CSSF. The acquisition of CIGL is conditional on the acquisition of the ARM assets. Consideration for the acquisition of CIGL will be met through the issue of New Ordinary Shares representing up to 19.90 per cent. of the Company's enlarged issued share capital. The acquisition of the ARM Portfolio is conditional on, among other things, a majority of the existing ARM investors by value indicating that they will agree to the disposal of the ARM Portfolio. Suspension from trading The Acquisitions will be regarded as a reverse takeover pursuant to the AIM Rules for Companies and will therefore be subject to shareholder approval, as well as a number of further conditions. Given that the Acquisitions will constitute a reverse takeover, Insetco's shares will be suspended from trading pending the publication of an admission document. Suspension is effective from 7.30 am on 1 September 2011. Information on ARM ARM has issued approximately $220 million (£135 million) of bonds to existing ARM bondholders (taking account of those who have applied for ARM bonds that are as yet unissued). ARM has an entitlement to the cash flows arising from the ARM Portfolio, which has a face value of around $320 million (£196 million). The senior life settlement policies within the ARM Portfolio will be independently valued, and the ultimate number of Insetco Bonds and New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 09-03-11 | ||||
|
|
||||
|
|
||||
|
Not suggesting a buy but at least an initiation note so that people can understand chat it is doing and prospects
Why should it not be allowed to list ? |
||||
| 08-03-11 |
Sell
Re: Newsflow
|
|||
|
|
||||
|
|
||||
|
Why would any broker runi their reputation by suggesting a buy? The bear case is incredibly solid, the company is a complete joke and should never have been permitted to list to begin with.
|
||||
| 08-03-11 | ||||
|
|
||||
|
|
||||
|
I really am surprised this share is not at least supported by a broker note. I guess there will be some news in the annual results although I dont hold my breath. Management really need to do some business to support the current valuation
Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 02-12-10 |
1
|
|||
|
|
||||
|
|
||||
|
At 18p Insetco is capitalised at around £13 million which does not sound a lot until you look at what is there. Furthermore there are loads of options and convertible loan stock outstanding, exercisable at 0.1p so that on a fully diluted basis it is considerably more than that (above £20 million by my calculations). The company consists of £685,000 cash (as of July 19th) and a game plan. The company became a cash shell after it emerged from the ashes of failed media business Avanti Screen Media in April this year. Now for the game plan: After a brief period of suspension the company announced that it signed a licence agreement with US listed Dematco Inc (dmat), to use Dematco’s technology to securitize and market life policies. In April, Chuck Woodworth, the executive Chairman crowed “I have known Dematco for the last two years…. And believe that being able to utilise the dmat know how and product range provides a real and immediate opportunity for Insetco. I look forward to developing a stronger relationship with Dematco over the coming months” In May we were told that $2 million of revenue was on the way “within the next three months” Sadly by August it had: “…become clear that structuring and implementing these and other policies will take considerably longer than originally anticipated. Consequently, revenues from fees for these services for the current year will be significantly lower than previously indicated”. Part of the reason for this delay may be that Dematco, upon whose know how and software Insetco relies to package its policies, seems to have disappeared without trace. It is no longer quoted on nasdaq and its majority owner, convicted fraudster Terry Ramsden, is rumoured to be hiding out in Canada from the people who put money into Dematco (a slightly unconventional mob, I am informed). If the answer to the question… “Would you like to give us £20 million quid and in return you can have half a million quid and the opportunity to take a flyer with an enterprise involving a convicted fraudster who is currently in hiding?” …is no, then this piece of aim rubbish is not for you. Posted by Richard Gill on Dec 1, 05:34 PM in Comment http://sharecrazy.com/beta/daily/4556/insetco-is-not-for-me-says-lucian-miers |
||||
| 19-08-10 | ||||
|
|
||||
|
|
||||
|
What ever happened with this?
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 16-08-10 |
Sell
Time to jump
|
|||
|
|
||||
|
|
||||
|
Today's RNS is going to be followed by another bad RNS on Wednesday.
This is looking very overvalued suddenly. Then will follow the RNS on big plans for the future. Followed by an attempt to raise cash. For that reason. I'm out. IMHO |
||||
| 20-07-10 | ||||
|
|
||||
|
|
||||
|
im watching this awaiting further contracts, sorry to hear about your loss here
|
||||
| 19-07-10 | ||||
|
|
||||
|
|
||||
|
I really need to stop watching this stock.
When your 99% down, even an improvement to being 98% down is hardly exciting. I'm sure as hell not 'averaging down' when the new company is continuing the old company's practice of issuing convertible loans, diluting things yet further. Might be a good buy at these prices, but for those of us in at much much higher levels, we might as well go play elsewhere. PS - Surely the spike of last week was just somebody typing in the numbers wrong, and isn't really a sign of anything interesting. Am I missing something? Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 19-07-10 | ||||
|
|
||||
|
|
||||
|
May 10
Trading Update Insetco PLC ("Insetco" or "the Company") announced in the Circular to shareholders issued on 16 March 2010 that the Company's Investing Policy would focus on the life insurance settlement market, which involves the acquisition of life insurance policies covering the life of one or more individuals with an "ascertainable and limited" life expectancy. The Investing Policy was approved by shareholders on 1 April 2010. The Board is pleased to announce that the Company has received its first firm orders from institutional investment clients based in the Far East to purchase of Senior Life Settlement policies with a total final benefit value of approximately USD 30.0 million. Insetco is in the process of acquiring the first of the policies through a Special Purpose Trust (the "SPT"). Under the terms of the licence granted to Insetco by Dematco Inc., Insetco will receive a net payment of USD 900,000 for its work in sourcing and structuring the transactions. The fees will be paid upon investment by the SPT which is expected to be completed within the next two months. Commenting on this transaction CEO Chuck Woodworth, in New York, said " I am delighted that we have received our first order and that the transaction flow is now underway, less than two months after restructuring the Company and the restoration of trading on AIM. This is the first stage in the implementation of the business strategy for the Company as set out in the recent Circular to shareholders, and I hope to be able to update shareholders shortly with details of further orders." Trading Update Insetco PLC ("Insetco" or "the Company") announced in the Circular to shareholders issued on 16 March 2010 that the Company's Investing Policy would focus on the life insurance settlement market, which involves the acquisition of life insurance policies covering the life of one or more individuals with an "ascertainable and limited" life expectancy. The Investing Policy was approved by shareholders on 1 April 2010. The Company announced on 14 April 2010 that it had entered into a licensing agreement with Dematco Inc. ("Dematco"),whereby Dematco has agreed to grant Insetco a licence for the use of a range of software products developed for creating and trading derivative products based on life insurance products. The Board is pleased to announce that it has now formalized an extension to this licence agreement under which Insetco is identify and purchase Senior Life Settlement policies on behalf of investment clients of Dematco for which Insetco will receive an agreed fixed commission. In addition Dematco will staff and resources to Insetco to support the execution of these projects. In addition to the announcement of 14 May 2010 the Board is pleased to announce that the Company has received a further order to purchase Senior Life Settlement policies on behalf of an institutional investment client with a total final benefit value of approximately US$50.0 million. Under the terms of the licence with Dematco the Board expects to receive payments, net of fees due to Dematco, of approximately US$2.0m for its work in sourcing and structuring the transaction announced on 14 May and the addition transaction announced today. The fees will be paid upon completion of the investments, which are expected to be within the next three months. In New York, CEO Chuck Woodworth, said: "We are delighted with this development and with the prospects for an increase in the level of our transaction flow." ........................................................ a payment of $2m pending and a valuation of approx £20m, seems abit top heavy but the chart has broken the down trend, needs more contracts and additional info to go further IMHO
|
||||
| 16-07-10 | ||||
|
|
||||
|
|
||||
|
saul
Some of us make the relevant calls. Some are just here to be abusive. Show me your proof before you get abusive. Reported you to admin. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 15-07-10 | ||||
|
|
||||
|
|
||||
|
It's never coincidence.
mn |
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
I topped up here a while ago when they hit 70p thinking they were going to fly up and I'd be able to get out with my original stake, slightly misguided!
Added again at 40pish, average SP of £1.11 now so hopefully I can maybe even make a profit on these bad boys at some point! Good luck to all holding... |
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
Someone actually bought over 16,000 shares at 284.60p for £45,732
What's going on here? Are they mad? Are they very clever? I bought a much smaller amount at 35p ish, slashing my average I feel mad. Hoping to be proven clever. Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
pedro could be right then
Feels like something about to move on this one. After losing on ASG like everyone else, I bought a bundle of INC to average down substantially. I would regain all my losses and make a good profit on that price. hmm might buy another bunch. I must say. I do like the model now. Although we could do with some more contracts, which the board hinted are coming. Good luck with regaining some losses everyone. |
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
Same on mine, although just tried a dummy sell and only 34p, damnit!
£2.48 for the weekend would be nice, ha.. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
Also on the intraday chart on here. Check in the trades tab above!
|
||||
| 14-07-10 | ||||
|
|
||||
|
|
||||
|
Might just be the SharePrice app on my phone.
Currently it's showing 724.93% up at 284.6p Anyone else seeing anything odd? |
||||
| 12-07-10 | ||||
|
|
||||
|
|
||||
|
and the source was ?? and by how much ...
Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 12-07-10 | ||||
|
|
||||
|
|
||||
|
I have been told by a source that this could rise - any views?
|
||||
| 15-06-10 | ||||
|
|
||||
|
|
||||
|
bloody interesting here ...
may have to dip my toe 
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 03-06-10 | ||||
|
|
||||
|
|
||||
|
I'm with you pappamoomin. I need them to reach £48.35 to get back the £4400 I put into ASG. Shouldn't be too long now...
|
||||
| 02-06-10 |
1
|
|||
|
|
||||
|
|
||||
|
You're right mate,
Personally i'm holding my stake and when they hit £22.80 i'll sell for a small profit - 12 shiny new pennies!! Whoo hoo. |
||||
| 01-06-10 | ||||
|
|
||||
|
|
||||
|
They are buying bundles of "whole life" insurance policies on behalf of institutional clients at deep discounts to their pay out value and through the licensing agreement with Dematco, breaking them down into electronically tradable units and selling to funds....taking a margin on the way in and the way out.
Costs are fixed percentages of revenue to Dematco. $900,000 estimated revenue for the first quarter has already been increased to $2m in the May 25th announcement....and this is really early days. I can't believe the share price hasn't reacted more positively Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 24-05-10 | ||||
|
|
||||
|
|
||||
|
Hi TonItUp,
Out of interest, can you explain what exactly they're doing? I have to agree that people buying at these levels have more reason to be cheerful than those that inherited them from the ASG debacle |
||||
| 21-05-10 | ||||
|
|
||||
|
|
||||
|
Can't believe the negativity towards this company on here.
I'm a new Insetco investor and not a long suffering ASG Media sufferor but all the new team have done is utilised the entity to promote what I believe is a great concept that will make money and generate value for shareholders. ASG Media was bust and its shareholders were facing 100% losses pre-Insetco as far as I can gather. Having signed the license agreement with Dematco - a company I've known for some time - as announced 14th April, the 14th May trading statement is very exciting - $US900,000 net revenue in the first quarter with the hint of more to come from the CEO.....fantastic for a start up. I think this thing will be huge and recommend holding what you've got and adding to positions if you can at current levels New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
| 17-05-10 | ||||
|
|
||||
|
|
||||
|
The mind boggles.......
How the heck do you go from digital media to gambling on when old folk are going to kick the bucket?? |
||||
| 16-05-10 | ||||
|
|
||||
|
|
||||
|
Second attempt at guessing what they do, having re-read the website:
Based on this extract: The policy owner is paid a lump sum in cash in exchange for transferring the rights of ownership of the policy to the buyer. The amount paid to the seller is calculated based on the specific life expectancy of the underlying insured and may be stated as a percentage of the policy’s face amount So : Insetco will go around and find terminally ill people. They'll find out what life insurance they have, and give them 80% up front now whilst the patient is alive, in exchange for claiming the policy benefits later when the patient dies. (The percentage may depend on life expectancy) It's a bit like an 'Equity Release' scheme but for insurance policies instead of property. |
||||
| 16-05-10 |
1
|
|||
|
|
||||
|
|
||||
|
So if I read this right, (And this could be way off):
InSetCo stands for Insurance Settlement Company. They find terminally ill people with x months to live, buy the life insurance policies in bulk from existing insurance companies, and sell them on. ie. If the person lasts longer than expected or if no-one claims the payout, income is higher than expected, and the policy payout is lower/later than expected, therefore the buyer makes a profit. If the person doesn't last as long as expected, the buyer has to pay out sooner, and makes less money. So they're gambling on the inaccuracy of life expectation predictions. Can anyone give a better explanation? This could be an interesting guessing game  Trade this long or short with an interactive markets spread betting or CFD account. |
||||
| 15-05-10 | ||||
|
|
||||
|
|
||||
|
From DOOH to insurance - what the hell are these guys all about? I personally would not want to have my life insurance invested with this mob. Unfortunately, my shares in ASG have been converted into these "worthless" ones and i can only hope they succeed so that i can buy myself a couple of pints to celebrate.......
"Company's Investing Policy would focus on the life insurance settlement market, which involves the acquisition of life insurance policies covering the life of one or more individuals with an "ascertainable and limited" life expectancy" Jebus!! |
||||
| 15-05-10 | ||||
|
|
||||
|
|
||||
|
Would welcome any information concerning the above company who were given 8m INSETCO shares and then moved them onto Mr L Knifton and Mr N Weller. Would anyone know anything about Germiston? Thanks in advance New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
||||
|
Result Pages:
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
Next
Search archive
|
||||
|
||||
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.
Find discussion
Share
Spread Betting, CFDs and Forex
Our free guides offer insight on many aspects of trading.
