JLS Dec Report out now - inc of £27.6m in cash

  • Gordon 45
  • 22/10/08 n/a (free)
  • a depositor
  • Offline
Posted: Mon, 09/01/2012 - 12:08

Hi Folks,

Hope you all had a great Xmas & New Year.

Just seen the Dec figures - brilliant. 5 loans repaid worth £27.5m.

Great end to the year, now leaving only £83.124m in loans to be repaid. Can't tell if the big loan has been repaid - need to wait on the '6 monthly' report.

Gives us ££45.3648m in cash book. Even allowing for approx £17-18m to cover Liquidation costs and Unresolved/unclaimed it leaves approx £27.5/£28m available for distribution. add the £12.305m we expect from E&Y (KSFUK) in March/April and we are at approx £40m. Need approx £44.55m for a 5p/£ payment. So only £4.55m short if the KSFUK pament comes through in March/April. so highly likely we will get a 5p/£ payment by June.

Great start to the year.

Will work out figures and get back to you all asap.

Let's hope for another good year - and that would be 10p/£ - I think.

Take care,

Gordon 45

4.863635
Your rating: None Average: 4.9 (22 votes)

Comment viewing options
Select your preferred way to display the comments and click "Save settings" to activate your changes.

You're the man

  • Todd
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Wed, 18/01/2012 - 15:39

All I can say is if I ever get to meet you, we'll have a couple of cold ones (or twenty). Thanks for all that you provide to us - you're a good man !


Many thanks

  • saoversoix
  • 10/10/08 02/07/13
  • a depositor
  • Offline
  • Wed, 18/01/2012 - 09:18

Like so many others I send you a heartfelt thank you for all your tireless efforts to keep us informed of the latest developments. Your updates are so very helpful.


@D RAM

  • IceCrusher
  • 14/10/08 25/10/11
  • a depositor
  • Offline
  • Sat, 14/01/2012 - 13:10

I would agree with you that £9.623m rolled-over into 2012 based on the JLs' original prediction of £139,612,008 due for repayment in the year ending December 31 2011. The saving grace is that the same prediction proposed that during 2012, £107,800,551m was due to be repaid and that figure has now dropped to just £56,580,111 (including the £9.623m roll-over). Almost £61m was repaid from loans due repayment in 2012 before the year even started. Just another £20m needs to be repaid now for the JLs' worst-case estimation on the Loan Book to be satisfied, so things are looking quite favourable. My concern still rests with the single Very High Loan which I believe remains outstanding with the top ten largest loans which I reckon could now be at around £65m with the lesser loans at around £18m, but we'll have to see what the JLs make of this.

Ice


We're dependent aren't we Ice?

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 19/01/2012 - 02:54

And that isn't a good situation to be in.
PWC are charging an arm and a leg for doing the obvious.
They aren't in control they just respond. And as we seem (a twisted vista) to have the wind behind us, they revel, and charge in this light.
What everybody seems to be missing in their rush to fe l optimistic is that timing is everything.
The fact that we have been deprived of our money for so long in extreme inflationary situations just doesn't register with the majority. PWC, Simpson, are perfectly aware of it. They just lie.

That is why the IoM did nothing.

Any idiot that thinks any of these bastards, the IoMG, PWC, the UK Gov, the repayers, the IoM judiciary, weren't taking the piss, wereen't aware, weren't ripping us off, needs their heads examined. But we all want to believe that we've recovered. We haven't. The correct response to the situation would be a wish to assiniate all those involved. Yes, I realise that acting on this wish would be illegal. Yes, I have studied law. But nevertheless assination would be their just reward. Hyperbole.. forgive me, I've just lost hundreds of thousands of dollars.

But I'm not in favour of self-effacing innocence.

We were screwed. PWC are currently ¿cooling out the mark¿ PWC are basically accounting technicians taking advantage ot this whole nest of vipers.

Get a grip boys. Yes we need to track the 'big loans' here. But nobody is doing an exceptional job. The situation is like cutting grass for PWC. Who charges 400 USD an hour for cutting grass? PWC!!!!

It is odious to be be dependent. Especially .hen we are dependent on a fat fuck known as Simpson who needs the support of PWC UK to do up his shoelaces.

I hope every has finally really got it herew, but from the self-debasing sycophantic comments I really don¿t thinks so.....

These bastsrds (PWC-IOMG-UKG..Legal operatives...) are still ripping us off.
Their argument is about the commission.

The French Revolution was a blood bath because there were scores to be settled, and they couldn't be arranged through negotiation because the rich kept lying, they didn't get it.

The situation was beyond repair. Neither side was ready to compromise.

I hope the same occurs this time.


@ftt

  • Valentine
  • 18/10/08 31/05/14
  • a depositor
  • Offline
  • Sat, 21/01/2012 - 03:27

I have always admired your opinions and the way you express them, and particularly the passion that you have injected into this forum. You have expressed the frustrations that I am sure many of us have, but feel too constrained to put into such colourful words.

I do, however, object to the personal attacks you have made on DAG members. They are un-called for and unwarranted. It is The Enemy that we should be focussing on.

As for your personal attacks on all the perpetrators : please go ahead - I love them - the cruder, the better.

And to refer to those of us, who felt the need to express our gratitude to a fellow member who has worked unceasingly to keep us updated with the figures, as sycophants - is, I think, a bit over the top. Perhaps you are able to work out the figures for yourself, but for those of us who can't, these regular updates have been of tremendous comfort - and, yes maybe we do get carried away.

But we have all been through hell - you yourself have said as much. We have all suffered in various ways and to varying degrees. So any snippet of good news is a very welcome thing.

But that doesn't mean that I, for one, have forgotten about what was perpetrated here. I can and never will forget. I want to see all the perpetrators strung up by their goolies just as much as you do, for revenge perhaps, but mainly to rid the IOM and the British banks of the foul, stinking, rotten, gangrenous, pussy stench of corruption that prevails. As you yourself have said many times, they are all in cahoots.

You're right - the fight is far from over. It won't be over until we have received every penny back, plus interest, index linked to Oct 2008, adjusted for foreign exchange fluctuations, and including compensation for the suffering and hardship we have all been through.


Thank-you Valentine.

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sun, 22/01/2012 - 01:37

We are seeing in this moment, if we are watching the serious and popular commentary, that we do indeed have a problem with the 'system' where an elite have managed to secure themselves a position where they can 'feed on the rest' with impunity.. The rest being us. And not just us but classes below us. I actually won a scholarship to public school when I was ten, I'm of 'unspecified class' , I'm actually from the wrong side of the tracks.
My commentaries, mostly fuelled here by an excess of alcohol, are self immolating commentaries stating the same.
When I'm sober, yes I'm effective. But we're in a situation where the 'culprits' in this situation have screwed (sorry for the foul language, nowadays it is more or less permissible) more or less everybody. They feel, well what wouldnot they feel? These clever little boarders have won the poker game. Well possibly. But some of us, a lot of us are looking on, even your comment suggests that you are looking on realising that something is amiss.
And I would suggest that indeed, if I'm reading you correctly, that your current perception that something important is amiss is indeed correct.that we---

I'm just stating the obvious. I'm stating it rather crudely.

I f we converse more we might just be able to put out a joint statement where we all get the chance to state clearly that IoMG, PWC, UKG etc don't want to hear the truth, That they are in fact basically corrupt, that we have been been f**ked. There is The truth, that we've been f*cked. There is nothing contentious about this statement. The struggle comes down to the fact that those that robbed us (surprise surprise) are seeking to escape responsibility..

So I understand your comment,Valentine. I 'm grateful for your comment Valentine.

I didn't do anything, Valentine, Yes, I was slow off the mark.
Llet's really identify the criminals here and actually hang them. Basta.

The IomG stinks to high heaven. Their judiciary, their government, and more.

Hang them.

No Quarter.

Now try responding, Valentine.

And I'm nor actually a bastard Valentine, I'm just honest.


Cheer up Tao!

  • Anonymous
  • Offline
  • Sun, 22/01/2012 - 02:07

I for one never thoughT I would STILL be SAT here going on into the 4th year waiting for this money to come back..
We have been cheated badly.. a great injustice has been done, not just by the IOM but the UK treasury also they got away with it. Some of us in cruel predicaments.

Feel free to speak your mind I alwys enoy your imput and output for that matter, its late and you are feeling Blue.. But why should you not say your piece NO profanity!
We have to keep hoping that Justice will prevail and those people who did not abide by the law WILL PAY with its heavy hand in the END.

I THINK we will albeit more in time be compensated for all the stress and hardship financially we have endured, I hope so anyhow.

When the times improve and we get together for this big Party one hopes, meet up we will look back and have a lot in common not sure how many are left now, its been for the long haul but we are still breathing!

THANKS TO ALL OF YOU FOR THE COMMENTS MADE IN THE PAST 3YRS ITS KEPT ME GOING AND THE JOKES TOO!

Happier New Year 2012!

Aurora xx


Remarkable solidarity

  • glen07
  • 21/10/08 n/a (free)
  • a depositor
  • Offline
  • Mon, 23/01/2012 - 09:50

I keep an eye on what's going on this site. Obviously numbers have dwindled as depositors have recieved back their dribs and drabs back from KSFIOM's liquidators. However, full marks for Gordon 45 and Anrigaut who soldier on with their research, expertise and time on our behalf. Setting aside the injustice of our situation and the stress it has inflicted on all, it is still remarkable, after all the time that has passed since the end of 2008, that the spirit of the first fledging of this website and action group has been maintained. I remember the "all for one and one for all" attitude of all depositors when the bank first failed and although many have now stopped their need for such a group, it is remarkable that there is still an element of solidarity and comraderie in the DAG and DST. It has forged links between strangers which have given support and succour. Indeed Aurora, I hope, when it has finally ended, that a party will be arranged for any members that want to meet and finally put a human face to people we have come to know well by their DAG or DST member names on the website................. I, for one, would like to shake a few hands.

Regards to all
glen07


Solidarity!

  • Anonymous
  • Offline
  • Mon, 23/01/2012 - 13:47

Thanks Glen for your thoughts!

I look forward to that time, if nothing else, gained Friendships, support, guidance, and time for healing is above all else!

Aurora


Tao/Aurora

  • Valentine
  • 18/10/08 31/05/14
  • a depositor
  • Offline
  • Mon, 23/01/2012 - 02:04

Tao
My only response to you is hear here.
We are with you all the way.
So, don't go away.
Thanks, Aurora for backing me up!


a link...

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 19/01/2012 - 03:25

....

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 19/01/2012 - 10:00

......


@ Ice Crusher

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Sun, 15/01/2012 - 02:39

Thanks for your informative response to my earlier post. Clearly progress is being made but we are not out of the woods by a long chalk. Hopefully, the JLs 6-month review ( due in February ? ) will give us better incite.

D RAM


Thanks Gordon, you're a star.

  • shellshocked
  • 23/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 14/01/2012 - 11:04

Thanks Gordon, you're a star. Your hard work is, as always, hugely appreciated. All the best for 2012.


Hear, hear

  • uptight61
  • 14/10/08 n/a (free)
  • a depositor
  • Offline
  • Sat, 14/01/2012 - 12:27

Similar sentiments come from myself as well, 83%+ less uptight these days. Thank you Gordon for all your hard work.


JLS-Report-December 2011

  • jamjar
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 12/01/2012 - 12:32

Gordon,Wishing you all the very best for the New Year,keep up the good work,all much appreciated,Best wishes Jamjar.


Good News But ... !!

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Wed, 11/01/2012 - 15:17

The significant cash inflow in December is obviously very good news but we should not lose sight of the fact that borrowers of 11 loan facilities ( total value 9,692,869 ) failed to repay their loans on time and as a result these have now been pushed into 2012. I wonder if any of these 11 borrowers are carry-overs from earlier years ?

Happier New Year to all


Thanks to Gordon

  • keving
  • 13/10/08 31/05/09
  • unspecified
  • Offline
  • Wed, 11/01/2012 - 04:46

Thanks as always to you Gordon for your sound and unbiased analysis of our situation. Just to let you know I appreciate very much the excessive time and effort you have put into this. You have certainly brought calm and stability into my own life regarding what was initially a huge loss in savings and manged to cut through much of the emotional and unhelpful (though fully understandable) comments that appear on this site.

My personal heartfelt thanks to you and I return your greeting of "God Bless"


Echo that...

  • Lostinspace
  • 13/10/08 31/05/09
  • a depositor
  • Offline
  • Wed, 11/01/2012 - 08:03

Great, Gordon. Where would we be without you.....?


Double Echo

  • Blades
  • 19/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 11/01/2012 - 13:56

Just wanted to add my agreement and thanks to the two earlier comments. Your role has been and continues to be so important to us Gordon.


triple echo

  • sambururob
  • 10/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 11/01/2012 - 14:32

hear, hear.
Gordon maintains sanity. And just recently he seems to always be the bearer of good news. Maintain that trend Gordon, if you can. !!!!!
Rob and Wendy