Member Info for Abercorn

Final dividend cut by 22%. I did not see that coming. I had assumed a maintained dividend. Given the recurring nature of iomart revenues the Board must be worried about future sales and customers going bust.

Chief Executive finally gone. Chair should follow suit. Company needs a fresh start.

I completely agree. At the very least the chair and CEO should go.

Confident statement. Interim dividend to be paid for first time. Market reacting well.

Market value only marginally higher than cash in bank.

What a dog! Another false dawn.

Divi increased to 6p!

Agreed!

One or two typos in my previous post - sorry about that but I'm so angry about these proposals I can hardly type. And the market is not exactly reacting positively.

What a shambles! The result of the strategic review means 20% reduction in dividend and abandonment of zero discount policy. BIST currently has a multi-asset portfolio but following the proposed merger with AUKT we will apparently have "a truly diversified multi-asset approach". I thought that's what we had. There will be a tender offer for 20% of BiST's shares but at a discount of 4% and the expenses of the deal. Why only 20% ? Why a 4% discount? Why are we not voting on winding BIST up which would probably give shareholders 98% of NAV? The answer of course is simple - jobs for the boys. The chairman who has led us through this disastrous period (and with no word of apology) will be come chairman of the new enlarged company. I hope BIST shareholders will toss these ridiculous proposals out and wither the whole of the current Board.

This is getting interesting. Any whispers of a bid in the offing?

Possibly but with the support of the Greens the SNP would still be in a position to push for a second referendum. I think they are unlikely to do however.

1.9m options granted to executive directors with exercise price of 1p. Ridiculous! What are the non-execs playing at? The CEO already has 17m shares. Is he really going to be more incentivised as a result of options over another 800,000 shares?

Very happy to be wrong about market reaction to today's trading update. Just hope SP strength continues.

Solid but unexciting pre-close trading statement. Results to be in line with market consensus. I suspect the market will be a bit disappointed.

SP has been pretty resilient since the January dip. I'm optimistic they will beat market expectations - the question is by how much.

I'm losing faith here. Now that all the restructuring is in place we really need some positive news flow.

Very positive statement accompanying first set of results. Looks like first dividend to be paid towards the end of this year.

Bit of a shock this morning as the Board fires CEO, completely re-shapes capital restructure and resets dividend to 2.5p per annum. Although the market has reacted very badly as all the income seekers bail out I actually believe the new proposals make more sense than the original proposals. I will be holding on for the time being.

So I guess people don't like the proposed capital restructure or the future dividend policy. Is there any light at the end of the tunnel?