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Don’t the owed duty to Exercise reasonable care, skill and diligence? Why they are not advertising the contracts they won? People on this forum finds these on various websites.
I specifically wrote them about quantum of Saudia contract and found three month after. Why? This is not normal at all in my opinion director’s behaviour towards minor shareholders unfair.
Although on this occasion its probably not a big issue as we knew the date was coming anyway but they have on other occasions posted on the website before an RNS and then taken it down quickly. They did it last year with the German Rail contract win for example. So I don't think its blatant deception, although it is slack and unprofessional at best !
Why on earth don't they release an RNS to update the market as to a confirmed date for the results?
What a palava to find that link , open it to find the date has been amended to Tuesday 26th.
Another example of extremely poor IR or blatant deception as Laralara says to allow more cheap buying. No one else wound up by that ?
Probably not!!
This company is not bad at all and you can compare this with any other company of the LSE. Even if it is in loss( I am not agree with this) Either they sell NA business or not ( imo Cosmen will block this if anything comes under £1700M).
Margin increased in H2 and will increase this year as well along with revenue.
Thanks laralara
JG68
Simply go to LSE site where RNS dated 7th Feb. click the link below there which the provided to join the conference. They updated time there. For financial institutions imo. 😁 Game is on to make the people foolish. Give them stress and that’s how Cosmen is able to accumulate.
Oh ok 😂
A poster on this board:) I was replying to their question "what does RI stand for' (in the context of the post)
Wealth transfer - what is Emiloco ???
Gengis
I keeping checking the financial calendar and it's not updated.
Curious where Laralara got that from.
JG
its next Tuesday not Thursday. I think the stress is getting to you , you're starting to ramble :(
Surely they know by now, whether they will meet next Thursdays date they gave for the FY update ?
Maybe I'm just naive and it's a last minute thing , awaiting the auditors.
I just envisage the longer the uncertainty goes on, the more likely this will hit the 57/58 lows in October.
This sp u turn from the 90s at the end of January is almost as impressive as the dividend cut in October.
Emiloco - Rights Issue
What does RI stand for ?
There is no need for an RI unless NA Bus falls through 'and' there is a further significant worsening of trading.
Don't think Cosmens support RI, it does not make sense for them spending so much to increase their percentage
Maybe, hope not
An RI in the 60s ???
A special resolution, which requires a majority of 75% of members voting, is often required in several situations, usually where constitutional change is involved or the articles require it such as to alter the articles of association, to change the company's name, to permit the issue of new shares otherwise than pro rata to existing members, to reduce capital, to approve a voluntary winding up or to approve a reconstruction, a scheme of arrangement or a merger scheme.
I wonder which one. To approve a merger maybe, issue or capital or name change. Let’s be honest the name is rubbish but doubt they’d invest £100-£150m to change the name and they certainly wouldn’t invest that much to wind it up. That leaves merger or issue of capital.
If not merger, I wonder if MCG are once again planning a dilutive share issue because they can’t or won’t sell North American. And the Cosmens don’t agree like they didn’t in 2009-2013 I think it was. Either way, merger or forcing sale of NA will have a positive impact on SP surely?
Any other views?
Morning all - 25% needed to block a takeover. With northern/eastern express plus azvalor they would have 25% ish now I think. 25% given them power to block most major resolutions inc takeover. So they are 1) building to block a cheap takeover 2) disagree with the board on a major decision/change so they can block it 3) on way to taking over when NA sale value known
That’s my view for what it’s worth
Share price will continue to keep sliding while US 10 yr interest rates keep rising and/or until NA money comes in to clear our debt pile
They would have to offer what 90% of holders will accept. I doubt that is as low as they have managed to scoop up in the last 6 months or so. We also don't know what price they had to pay to get the chunks just bought, which mostly was off-market.
I also cant see them making a move prior to sale of US Bus. My thoughts are they are blocking for now and playing a waiting game to make a move on ALSA when the time is right. But as most things on here its just a guess.