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I reckon one or possibly more II's have asked for them to step down to secure their votes. But if you don't buy shares in the company you are a director of and you can't award yourself shares because the shareprice has in effect not budged since 2017 then you only have yourself to blame. The amount of shares owned by the board even including Cartmell and before this started was pathetic.
Plot thickens more . seems a sensible move .
I've just revisited the recent presentation. David Lyndsay is doing all the right things that any good CEO should do. I am particularly impressed with his efforts to visit all the sites and talk to as many people as possible not just a brief chat but for an hour meeting for each one. Having a 3 day Management Consultancy meeting is exactly the way to join a disparate group into a cohesive one. Got a good feeling about the way TPG could go. SAG do appear to be quit happy to be a bit devious - not the best way to run a railway!
As a LTH I am also desperate tbh that SAG don't win the vote. Not a nice bunch of people and don't fancy watching my investment further erode until they can pick up the remainder on the cheap
flotogo ref 09.00 post it is not a question of faith it is a matter of making sure I know the full picture. If the share price was to go back to a price were I am not in a loss I would consider the question of selling. I may have been more accepting of the statement from the ISS if the Board has not been so desperate to persuade people to vote against the motion.
Surely it's time to sell up Stokey if you have that little faith in the management
Only ISS I have ever heard of is the International Space Station.
TruroTrader ref 09.17 post In the absence of a link to the report, and I did try and check on the ISS website, we do not know if the report said anything else. Also we cannot rule out that it is a question of an interpretation of what was said. As I cannot confirm from the source material the basis of the recommendation I am not going to accept the statement that ISS advised to vote against the motions. As it happens I have already told my broker to vote against the motions.
stokey12, are you off you trolley? Do you really believe that both the Financial Conduct Authority and ISS would allow a lie to go unchallenged? You obviously didn't follow your personal preference on this one!
I note that no link has been provided to the ISS recommendation. I assume that we are to take it on faith that this is what is recommended. Personally my preference is to always check with an independent source where possible.
dactions
There was a mention in the 2018 results. Under the heading "Programme Pursuits". Prior heading was "current programmes".
Current programmes - great - work secured. Programme pursuits - just that, something being pursued.
No mention since. So no, in my opinion, TPG were unsuccessful in their Pursuit of the SEA1000 programme.
Happy to be corrected if someone can post some cold hard facts- which I suspect will not happen.
They could well do but perhaps might lose a bit from the french deal not happening now. Still think maritime will be sold long before we get to this stage though
Am I asking a daft question or could TPG do well out of the joint partnership with US and UK for the massive order to supply submarines to Australia ?
Morbox, thanks! For the record, I also voted against - I believe that there is a lot more mileage in TPG and I want to be able to retain a direct share in that!
Sorry Lutra, didn’t see your this morning message as I didn’t refresh from last night!
Hi Lutra, yes very simple, on your main portfolio list you will see against TPG a new icon under actions, (colour black). Click on that and you will see the voting options. You can change your mind up to the deadline by clicking again. Hope that helps.
Stokey, thanks, now voted! There had been nothing showing under Corporate Actions for TPG when I had checked my SIPP on Friday, but it is now gone live, so all good.
Am I the only person who got a letter from the Board in the post enclosing a Notice of the Requisitioned Meeting for the 1 October 2021 in case my broker had not told me about it. If I had not already voted this would have tipped the balance for me to vote in favour of the resolutions. The letter smacks of desperation and I was always told it is rude to write in red.
Lutra ref 07.59 post Send a secure message through the website using the corporate actions option.
Morbox, Can you advise how we actually do that on HL?
I’ve only been a shareholder for 3 long years, but have vote against all resolutions (on HL) just to give the new CEO a chance. Personally, I don’t see it making any difference, PI’s never seem to have an impact.
Quite right. I've let my broker know and the forms will be returned.
CanonGuy, Proxy Papers. They are no use to you but if you read the second Para on the front page you will see you should pass them on!
Many thanks for the clarification Stokey, I appreciate that.
pm444 ref 14.18 post NO actual offer was made. We had an indicative offer was made. What you are referring to is the EGM that is being called at the request of SAG who are seeking to remove 2 directors and replacing them with two SAG directors. If the resolutions are passed then it is highly likely that in 6 - 12 months SAG will return with a new offer. If TPG's performance and share price has improved then we might see an improved offer compared with the indicative offer.