Member Info for aimtitan

not sure if you noticed but we are heading for the worse recession in history, where growth is like finding a unicord or a naked mermaid. if you said this 5 years ago i would agree, however twice the market average on multiples is what the FAANG stocks do, not a clothing company from burnley

most companies run on a multiple of 13-18x, this is running at 35+, i presume this is the reason why its not bouncing back, because lets face it, most manufacturing lines use cheap off the books labour.

if boohoo is painful, N brown group is priced a 20th of the price with virtually the same reveneue and EBITDA!

grim, i admire your tenacity in all honesty. if the result is you shake up the weak holders then thats a good thing. i am a long only investor so shedding any weak holders only offers support via late buying

Is grim taking credit for predicting the board election outcome?
i wonder which mystic meg he got up the duff!

The founder "Peter Elam Hakansson" seems pretty connected with Putin, speaking with him at VTB conference

Kenj you are right.

However, previously the parties gave an indication go oust board in May. Which prompted the board to reach out to investors. This time they supported the board in May. Which shows acting in concert

Exactly, it's classed as creeping control, which is what the London stock exchange takeover panel is there to prevent. This is a reason why most take over attempts like this fail on London domiciled companies.

The difference here compared to 2017 is the concert part have a holding of 30% to 50% which is where takeover panel comes into action

I reckon this is their last ditch attempt prior to results etc which will drive this share up to a point where the cost to take over becomes too much. Essentially it's like tryna take over Microsoft when it was operating from a garage vs doing the same today as a multi billion dollar business.

That's the beauty, if the takeover panel conclude that the parties are acting in concert then the second vote isn't needed as the panel protects shareholders from 'creeping'control.

The brilliant thing is the 30day period from the vote in May and June will support the argument that the parties were working together as materially nothing happened in those 30days to discredit the board to warrant a change in voting

And the last thing he mentioned was the initial vote from shareholders in May in favour of the existing board and then the June vote against the board will go against Everest. Due to the short period between the two dates and no events to discredit the board to warrant the change in decision, this will enforce the reasoning for the interim board to exist until the rule 9 outcome is concluded

He also said because the interim board has a set 3months of existence with a confirmation vote in light of new information, with limited powers, there shouldn't be a problem.

M&A guy asked legal regarding injunction. He said in simple terms if the appointments serve to damage the company and shareholders with the ongoing rule 9 challenge then the injuction against the interim board will be defeated.

Given the parties look to be acting in concert the outstanding question on rule 9 will give reasonable grounds for the interim board to exist.

He referred to a case from high court with similar outcomes

https://www.howatavraamsolicitors.co.uk/high-court-injunction-stops-rogue-directors-from-acting/

Reducing

Couldn't have said it better. Kerimov has always offered fair value, he is a philanthropist who has given back alot.

Kerimov the major holder of polyus who bought 3% has never worked or associated with strukov. I personally believe his actions are to prevent UGC merging with Petro as this challenges PolyUS with a bigger pox hub and combined production. His act of buying shares prevents UGC taking over.

Lawrence in the history of LSE that has never happened. Heard there's and asteroid heading for earth

The biggest holder of polyus takes a stake in petro

Funniest comments I've seen so far