Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With the pension regulator looking at the pre pack and the pension shortfall it makes it even more unlikely CAH would be able to do anything other than make noise.. My investment is lost but I hope the ppf use their clout make the board responsible for their disgraceful actions.
Tindle... I think you owned 6% of the worthless shares...I hope this is a factor in your contract renewals for your titles they print.
David King, pictured, formerly chief executive of Johnston Press, becomes CEO of JPIMedia and will continue to lead the business.
Or if the viking will be part of the new structure
Looks like a pre pack... Wouldn't surprise me if one of two scenarios play out... 1 board stays or 2 new board includes CAH. They should have a legal right to the shareholders pension etc to wait till June. Bonds not due to be paid till then.
Interesting article telegraph says its preparing to go into admin this weekend... Having said that the telegraph always seem to write the most negative thing on jp. Can't see how it can go into admin when there are alleged offers been made
According to sky new dmgt are going to table a bid for the i. Also says other parties are interested in other parts of the business. Can we (shareholders) refuse any sale... I. E. Will it be a voting process?
Does the bod have to disclose to shareholders if they have any interest parties
Thanks Gazman...all positive. The bod should have welcomed him with open arms when he first got involved... Hopefully after this they will all be off the board... Mind you, these type of people alway land on their feet.
I would definately back anything he puts forward with my shares. The bod are useless and have been paying themselves large amounts for failure...i think he will turn the company round if he is allowed to do so.
I have been following and listening to his hints. I also followed when he first started building shares.. And was knocked back with the poison pill...at that point he would have had to pay the bh if he wanted to make an offer for the company... He could have ousted the board at the same time... But didn't I have a lot of shares in the company at a much higher level than the sp. I'm not deramping just wondering if he has the financial clout... For my own interests I hope he has.
It'll all depend if he has/can get the financial backing. I think he has the knowledge. My concern is if he had the backing before why didn't he push over 30% then? Or is he making all the right noises hoping someone will jump on board with the finances
Wonder if there will be an rns with regards to the share price movement stating they have had no offers
One concern is when the viking wanted the business before there was the poison pill... Why didn't he pay off the debt then? Can he get the funds in place?
Can he offload the pension if he makes an offer? I think that is 10m per year
I suppose it depends what's best for them (the bh). The papers they have and property is worth nowhere near the 220m in bonds so if it goes into admin and broken up they could end up with half that imo. Unless the bh are aiming on running the business. I have shares well above the current sp and will be lucky if I get 30% back. My plan is to see if there is one last decent rise on the sp with news then I'm cutting my losses and out. Custos statement Re the board is spot on.
I'm sure newsquest would be interested in Dinnington..it would give them good print coverage and it's a good press. Although not going to worth a massive amount imo.
Another solution... If its going to be sold for peanuts why not put the price of the papers up 50% as one last throw of dice? Oh just realised because if it does change hands the top knobs will (probably) still have jobs atm 🤔 others might not be so lucky.
I suppose the sad fact is that while the viking may lose money on his shares if he can sort a deal that will include getting rid of the pension and maybe giving golden tree a reduced final payment he will be financial better off.. Unfortunately that doesn't work for me 😞
If his intention is to refinance and presumably pay the bondholders. Surely this would all happen at the same time. I'm sure the bh would prefer settlement rather than this company?