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Well the board have only got themselves to blame they been warned many times by top fund managers that something like this could happen the share pirce has underperformed against its peers for too long its looks like s the game up for Emma and the board expecially if the Government are concerned
Oh what a shame. We will race up to close to asset value which must throw in a decent bit of hope value too - north of £20 I reckon. Elliott are certainly not stupid!
Risk of another UK Co leaving our shores Rikki may be concerned over loss of tax revenue and control of our own destiny ?
Probably via nominees.
Maybe it is a holding through some " financial instrument " ...
Likewise I searched several sites but all shareholder lists were dated as of 31/03/2021! Is there a requirement to notify holdings quarterly? If so it may be that all will become clear (or less opaque) at end of June.
Grail quest still underway. Searched Google for 'gsk shareholders' and it returns CNN Business with a list of top 10 shareholders and top 10 mutual fund holdings. No sign of Elliot. Probably out of date. States biggest shareholder is Dodge and Cox at 3.5% and Dodge and Cox stock fund with 2.32%. Finding it hard to take the Elliot stories seriously.
No - identifying Elliot's GSK holding is the 2021 equivalent to finding the Holy Grail!
" Guardian mentions Elliot and GSK’s shareholder register. Anyone know actual extent of their holding ? "
No idea..never seems to show up anywhere....and I cant even find a list of major shareholders on the GSK website...must be deeply hidden, if it is there ..at least not easily linked to
https://www.morningstar.com/stocks/xlon/gsk/ownership
Guardian mentions Elliot and GSK’s shareholder register. Anyone know actual extent of their holding ?
Do not think they are concerned with employees, they are looking at maximising their own returns, look at her pay packet over the last few years. That is what troubles me the SP has under performed but yet her bank balance has done really well, also not shy to be a member of other companies boards.
Think she should be allowed to see through her strategy as this is not entirely her fault, started years ago and she has not been able to fully execute it yet. But that aside she has been with the company more than 10 years, largely running the Consumer Healthcare , she is not the right person to run the vaccine and pharma business that is apparent.
The costly acquisitions has been a catch up due to her predecessors not matching others on research and getting rid of the oncology business.
Don't think the dividend needs to be cut by much, but we really need to see the pipeline grow. Good recent new on the Covid vaccines news, we can be a big player in the years to come, blessing in disguise with the issues dogging Astra now with Europe. Who have done an an immaculate job getting something out there by the way.
Whilst Elliott will have done their homework... they may well be more interested in obtaining better value/share price/profit for their own investment and putting second concern to all involved in Glaxo
The BOD and other stakeholders may well be more concerned about what is best for Glaxo, its employees, its pension Trustees, etc
If anything ..it will all put some "ideas" on the table ..
Couldn't agree more Denby - She has to go, if anything to lift the share price up as any change at this point will be positive
Walmsley,
Has had 3+ years to sort GSK out and don't blame the covid 19
she has come in on a well over paid salary, she is out for herself, feathering her own nest with cheap shares .
GSK has had lacklustre management for over a decade, long before Walmsley. Woodford for all his is faults saw the writing on the wall and left. Of course it's easy to blame the current CEO but it's just possible she inherited a mess and is trying to clean it up. An explanation that won't suit the chauvinists of course. They prefer their meat red and raw.
Mine's a Murphy's if any one is buying.
Thought this meant choosing which beer to have down pub. In meantime, Telegraph quotes Nelly as informing shareholders that "change is coming" as it prepares to demand a shake-up at the top of GSK. Apparently, Nelly has told major GSK shareholders that their campaign against the British pharmaceuticals giant "will not be passive" in a sign of a major clash ahead. Seems Nelly wants to dump Emma over concerns about her leadership and lack of a scientific background. Fair enough, but unless I missed it, why is there still no RNS about the actual extent of Nellys multibillion (really ?) holding ?
Time to shake up the glorified marketing executive Emma Walmsley. Elliot should do what they do best. Under Emma's tenure GSK has proven to be yet another British run debacle.
Good this SP will go higher, will be good to watch the fight
“Speculation is rife that activist Elliott is set to push for a dramatic new plan that could see the FTSE100 firm sold off in parts or swallowed up by a foreign rival. It has even been suggested that a bitter battle could lead to the end of the Glaxo name.”
https://www.thisismoney.co.uk/money/markets/article-9581867/amp/Big-guns-GlaxoSmithKline-war-activist-Elliott.html