Member Info for 50glass

Sparkling results.

Turning up the heat on the chairman:

"Crystal Amber Fund, the activist investment fund, announces that it has today delivered to the board of Northgate plc a requisition notice requiring the company to convene a General Meeting at which resolutions will be proposed to remove Northgate chairman, Andrew Page, and appoint Steve Smith to the board as a non-executive director."

This is arbitration so it will, by definition, be settled out of court. A decision that no award is due to Cairn would have been a relatively simple mater to decide. The only question now is how much will Cairn be awarded.

Jumped in.

Whilst early days - only eight months of GKN - the omens are looking good that Melrose has not lost its ability to add appreciable value to previously underpeforming assets.

Appears to me, based on the latest news, that the cash is being held to fund an acquistion, rather than commence dividend payments.

...look reasonable with BoD optimistic about the future.

Welcome to what is a fairly quiet backwater of LSE.

The gain for shareholders occurred when the Costa deal was announced; selling an asset well above its implied value. WTB is committed to returning £2billionof surplus cash to shareholders; the details will be announced in a few weeks.

Facebook and Google don’t attract users for free. Users pay to use by providing their extremely valuable data at no cost; effectively users pay to be on Facebook and Google. A damn fine trading model, on the basis that there are billions of users prepared to give money away.

The decision to take revenue as an annuity rather than upfront has no reflection on the custoners’ payment schedules. Rather it reflects application of the accounting ‘matching’concept.

Very positive.

Whops: £52 not £5.20

Company is currently adding to existing value of shares by buying back £500m. It will then return about £2 billion by tendering to buy back shares. My estimate - see earlier post - is that this will be achieved by offering to buy from existing shareholder 2 of every nine they own at a price of £5.20. Time will tell.

He’s probably one of the top analysts I know. Overall, he has a strong track record.

Should lay to rest any concerns that we share value destruction attributes with various outsourcing companies.

The sp will move up when the bond market decides to move us out of junk bond territory: https://www.londonstockexchange.com/exchange/prices-and-markets/retail-bonds/company-summary/XS0880578728IEGBPUKCP.html?lang=en

That is £52 each per purchased share.

There's the possibility that both could be achieved. Allowing for completion of the current buy-back programme, a tender offer to investors, at say 2 shares purchased for £52 for every nine held, would achieve WTB's stated objective.

Still here. You can’t hold a good company down for too long.