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STRATHFIELD GROUP LIMITED (SRA)

Delisted from ASX 30/08/2013

Former (or subsequent) names

 

Shareholder links

Our website ranking of SRA: rating 1
(1 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153
Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: C/O Armstrong Wily, Level 5, 75 Castlereagh Street, SYDNEY, NSW, AUSTRALIA, 2000
Tel:  +61 2 9598 8666 Fax: +61 2 9598 8688

Date first listed: 06/07/1998
Company Secretary: Mr Vaz Hovanessian
Sector: Retailing Industry Group: XDJ
Activities: Retailer in Australia, with 87 stores carrying car radios (and installing) mobile phones and accessories
delisted following non-payment of annual listing fees in respect of the year ending 30 June 201430/08/2013
we understand this company failed and has finally been delisted by ASX following non-payment of annual listing fees30/08/2013
The company has not paid its annual fees in respect of the year ending 30 June 2014 but are already suspended from official quotation. In accordance with listing rule 16.5, entities that pay their annual listing fees on or after 23 August 2013must pay by bank cheque only. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm EST on Thursday 29 August 2013 will be removed from the official list with effect from the close of trading on Thursday 29 August 2013.23/08/2013
at a meeting of Creditors held on 21 November, the Creditors of Strathfield voted to approve a Deed of Company Arrangement (‘DOCA'). The DOCA was executed on Thursday, 1 st December, 2011. Following the execution of the DOCA, control of Strathfield returned to the Directors and Management. The DOCA includes a Deed Fund of approximately $650,000 which will be applied in the first instance to cover the Administrators' costs, with the balance applied to employees as priority creditors and any remaining amounts to unsecured creditors. The deed funds are to be provided by the secured creditor, who has agreed not to participate in any distribution12/12/2011
the Board resolved at 7.00 PM on Monday, 17 October, 2011, to place the Company into Voluntary Administration and appointed Mr Andrew Wily and David Hurst of Armstrong Wily, Chartered Accountants, as external administrators18/10/2011
suspended from quotation following failure to lodge financial reports03/10/2011
the suspension of trading in the securities of Strathfield Group Limited (the "Company") will be lifted before the commencement of trading on Thursday, 10 June 2010, following the Company's compliance with Chapter 12 of the ASX Listing Rules09/06/2010
all resolutions considered at the meeting today were passed unanimously on a show of hands26/03/2010
releases 31 Dec 2009 Half Yearly Report and Market Update17/03/2010
releases Full Year Statutory Accounts YE 30 June 2009 and Half Yearly Report and Accounts Ended 31 December 200819/02/2010
final accounts should be released during the 3rd week of January 201023/12/2009
reports that the Government of Ras Al Khaimah now owns nearly 200 million shares in Strathfield Group, or over six per cent of the voting power. Ras Al Khaimah is one of the emirates of the United Arab Emirates21/07/2009
Chairman, Vaz Hovanessian is quoted as saying "we have now managed to remove some 40-odd million dollars worth of creditors off our books, Strathfield is much stronger, it has no external debts whatsoever, it only has internal debts to its largest shareholder … so we are a much stronger group than we were before"21/07/2009
reports that the Bulldogs' hopes of convincing the NRL to allow its $2 million sponsorship deal with Strathfield Group have been dealt a major blow following revelations a rival club recently had a proposed deal with the company rejected17/04/2009
the company has signed on as the Bulldogs front of jersey premium sponsor in a three year, multi-million dollar deal09/04/2009
the company unveils its new business strategy and marketing plans - it will open more than 60 franchise stores and kiosks over the next 18 months and introduce new product lines and services - the company says "ASX is expected to re-quote Strathfield's securities after the lodgement of the December `08 Half Year Reviewed accounts and Pro Forma Balance Sheet post the Creditors' Trust, within a few weeks"27/03/2009
at a meeting of Creditors today the Creditors of the Company unanimously approved a Deed of Creditors' Trust, with the joint Administrators appointed as Trustees of the Trust - in accordance with advice from the joint Administrators the Trust Deed is expected to be executed within 2 days and the Company will no longer be subject to a Deed of Company Arrangement - following the completion of the December 2008 Half Year Review by auditors the Company expects to make an application to the ASX for re-quotation of its securities in due course23/03/2009
the administrators report to creditors - its purpose is to provide further information about the Deed of Company Arrangement which was executed between the Company, the joint Administrators, Clear Communications, AB ("CE"), the proponent of the DOCA, and Mr Tony Hakim as guarantor13/03/2009
creditors of the Company approve a Deed of Company Arrangement ("DOCA") which was executed immediately after the meeting between the Company, the joint Administrators, Clear Communications (Euraust) AB ("CE"), the proponent of the DOCA, and Mr Tony Hakim as guarantor - control and operations of the Company has returned to the new Board and Management - approximately $40M of external debt has been removed from the Balance Sheet of the Company, with any remaining debt being only shareholder or related party debt06/03/2009
administrators release a supplementary report (see note immediately below)05/03/2009
administrators provide their second report to creditors - a meeting of creditors is to be held on 3 March to consider the company's future - the administrators recommend the company enter into a deed of company arrangement, details to be sent prior to the meeting in a supplementary report26/02/2009
administrators report to creditors - they have commenced an assessment of the financial position of the company10/02/2009
the securities of Strathfield Group Limited (the "Company") will be suspended from quotation immediately in accordance with listing rule 17.3, following the appointment of voluntary administrators by the Company28/01/2009
Brian Silvia & Andrew Cummins of BRI Ferrier are appointed as Voluntary Administrators to the Company - this never augurs well for shareholders but it will be a month or so before the way forward, if any, is revealed28/01/2009

ASX Announcements (courtesy of ASX)

 

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when I rang Armstrong willy  - I got Strathfield Brookdale who said the company is defunct but I have no official confirmation. the chairman Vaz hovnessian still involved in other companies - all sounds a it fishy to me. - jum10/10/2014 12:56:20
Totally ripped off investors, these guys should be exposed and brought to justice.
23/07/2014 12:36:47
Same guy who did the same to NTG . 27/05/2014 19:09:54
I imagine that the directors till get paid?? Why is the website still running if they sell no product. Just more money being wasted.11/03/2014 18:18:15
snakes that have ripped off investors !28/01/2014 17:44:27
What is going on here? What can shareholders do?
10/12/2013 11:15:37
motherfuckers in the corporate world !24/10/2013 06:53:31
Seldom in the corporate world do you see Directors and Executives of a company so incompetent as those of Strathfield. No wonder they choose to keep the shareholders in the dark. Keep up the good work boys, you are making history.18/10/2013 18:50:16
shareholder rights solicitors coming soon.13/10/2013 02:11:34
sydney casino is what killed the industry , the fucked directors that gambled shareholders wealth away , I HEAR.13/10/2013 02:05:20
Sux shit to all the dickhead losers. Apple iPod killed the industry12/10/2013 17:21:29
Cunt's02/10/2013 07:28:24
Hey Armstrong Wily are playing with your willy ?02/10/2013 06:59:42
I wouldn't lose hope yet. I hear moves are under way to get SRA back on the ASX and news should be released later this year13/08/2013 21:51:21
Seems to me that this has turned out to be a BÄ°G scam !!!01/08/2013 02:23:33
How do we go about getting the adminstrators finalising and providing feedback on this. The longer they take the more we lose ....28/06/2013 17:17:38
As a Shareholder of a substantial amount of SRA shares I am amazed that we are not told anything of the status of the company yet the Directors of SRA are still working and pulling in their big fat salaries ans we lose out.

I am considering going to the media to get some airtime on this to find out when SRA will re-trade.  Its getting ridiculous
29/05/2013 11:14:45

It's been to long since any feedback has been provided!!

 

Have the admistrators declared these SRA shares as worthless yet for us to be able to claim a capital loss?

23/05/2013 18:17:05
When will the share holders of this company be told want is going on or is that a secret too.21/11/2012 13:28:14
We would all like to know when strathfield group shares return to the asx . 18/10/2012 23:08:02

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Vaz HovanessianExecutive Chairman
    Skaiste RodriguezCEO23/11/2009
    Neil GibsonNon Exec Director01/12/2010
    Zac KarlaftisNon Exec Director05/07/2010

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.