Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Im with you chris. Very interested in this firm. Waiting on a little more info to decide on what i shall do. I will keep you filled in.
Hi Guys / Girls, I see that there has been no chat on this company for some time now since Sep '07. Is there anyone out there that is looking at this company as a prospective investment or people out there that currently hold in this company. Just wondered what peoples thoughts on this company are and what they are likely to do in the short term. Christian
-- continued from previous message Even if your shares are in a nominee account, many brokers will vote your shares according to your wishes. Contact them asap so they can get the notice to you and you can respond with your votes. My broker, Fastrade, did this by email. The EGM is on 11 October. here are the EGM resolutions reported to me by Fastrade: 1. Ordinary Resolution 1 - to approve the acquisition of Kurt Salmon Associates 2. Ordinary Resolution 2 - to increase the authorised share capital of the company 3. Ordinary Resolution 3 - to authorise the Directors of the company to exercise all the powers of the company to allot relevant securities My proxy is voting my shares NO on all three resolutions. I consider my decision to hold through the EGM to be a big risk anyway. I don't recommend this share to anyone, whatever analysts say. Richard
The size of the Kurt Salmon acquisition has required an EGM to vote on it. Here are good reasons to defeat it: - Gearing will nearly double to something around 50%. You can argue that shareholder funds are being acquired, but that won't be calculated until March, and given the economic climate in US retail, the market in which Kurt Salmon operates, and likely integration costs, the extent to which this offsets the debt is questionable. I like to think of gearing as the degree to which some bank has a claim on my shares, and to which the board respects the bank rather than shareholders. - MMC have announced that they intend to issue 48 million shares. That's a dilution that reduces the value of pre-announcement holdings by 15%, and the market has responded accordingly. The best way to get this value back is to vote down the share issue (see Ordinary Resolution 2 below). The board is of a mind to buy up the competition until we shareholders are broke. I've seen it happen. If this acquisition passes and they survive through finals, they'll push the gearing up and dilute us again next year. This gang clearly holds shareholders in contempt. -- continued
Aquisition News above and see______http://www.investegate.co.uk/Article.aspx?id=200709060702353998D
By Sophie Brodie 14/08/2007 The Telegraph Management Consulting Group saw its shares jump 13pc yesterday after it posted first-half results ahead of its own expectations. Much of the price rise clawed back a 10pc loss on Friday. The company, which advises banks, insurers and natural resources companies on improving profitability, saw profit before tax and amortisation (its preferred measure) rise 20pc to £8.1m for the six months to June 30. Pre-tax profit rose just 2pc to £7.4m. Revenues were up 49pc at £100.5m, despite a weak dollar. The improved performance was mostly due to the company's acquisition of French rival Ineum last September which contributed £40m to the top line and helped offset weaker results at the company's main business Proudfoot. advertisement Chief executive Kevin Parry said orders across the group were ahead of last year and that the integration of Ineum had gone well. As a result, the company was able to announce its first interim dividend in ten years. Shareholders will collect 0.33p-a-share payment on October 22. The shares closed up 5½ at 48½p.
Monday, 13th August 2007 08:18 Have been following this for a while, it could be worth a Punt and there's a good vibe. SP dropped around the 10/08 as did most and is on the rise. Evolution rates the Stock to 60p. Management Consulting H1 pretax profit up as sales rise 49 pct UPDATE. See Monday's news above.