Member Info for Broomfielder

Let's hope so Aff - best of luck.

Unfortunately, this share has done nothing but disappoint since the 2008 financial crash.

I suppose any shareholders at that time (including myself) should be thankful their investment wasn't written off entirely - and I am thankful - given at least the prospect of some sort of recovery in the ensuing years.

That today's SP after adjusting for the 2 spurious consolidation/capital reduction still results in a value less than 1% of its peak SP (ie no change since the Group's Gov bail out), doesn't reflect much progress.

So, despite the logic expressed by many newbies to this bb justifying their investment case, this share has defied logic these past 14 years with countless false dawns on the way.

All the best to shareholders whether they have lost a fortune or, just hope to make one........just maybe the latter won't be one day soon unfortunately with this bl**dy share.

Agree Chatroom - so disclosing confidential customer info to a journalist is quite acceptable according to our BoD.

What kind of standard is that?

Sky News are reporting NWG are about to announce the cancellation of the bulk of the £11m severance payment to A Rose.

Well, let's hope it's true and they cancel ALL of it.

Can't help but think there is the (not so hidden) hand of the Gov in this especially given the previous statements from our spineless BoD.

Can't really disagree with so many of the posts this morning. It does make me wonder however, who was the buyer behind the daily sizeable 'buys' going through in recent days.

Although I am not happy at facing some fairly hefty (well, for me anyway) losses, the really sad thing is that what appears to me as, a non medic, that the Co possess a proven advance in the diagnosis of a number of cancers which surely has the prospect of saving and improving others' lives.

Is this really being commercially developed as best it can?

This really needs to be 'parked' within a major Corporate in order that its product can be fully developed, appropriately marketed and 'hits' all the prospective customers at the right sort of levels..... a bit like the philosophy ofvthexTVs Dragons.

The worry is that there remains too much Capex still needed to justify planned returns on Equity despite what seems that Angle has, at least for the present, a world leading product.

Abject - I am fairly sure most shareholders are hoping that finally, the only way is up, although off and on, we have thought this might have happened a long time ago.

With the SP now back (in real terms), to a lower equivalent to its suspension in 2008, we have largely not just treaded water since then, but gone backwards.

True, the reinstatement if Dividends are a big plus, but despite the share reconstructions/consolidations, buy-backs etc investment in NWG has been a disaster (all the more so if you suffered the SP collapse of the Financial crash).

So, despite all the apparent progress behind the scenes (returningvto profit, simplifying the business, shoring up capital, reducing costs etc), it has defied everything to improve the SP.

Thus, looking forward, matters are not quite so simple. I just hope the bonus payments are fully justified if made as removal of the 'cap' on payment ceilings sounds like a re-run to excess.

I have read a lot about what A Rose is apparently 'eligible' for, be it bonus, salary, share option or whatever.

Given that she has been guilty of disclosing customer information to a 3rd Party, the disciplinary steps that follow, are unfortunately, fairly well trodden at most Banks.

She is NOT an exception and should not be entitled to any 'benefit' beyond that contained within the Notice period NWG would provide, although serious malpractice does allow for dismissal without notice etc.

Our mealy-mouthed BoD themselves are guilty of negligence if they permitted AR to resign and thereby retain her right to the privileges denied to more junior staff in such circumstances which can be the only reason she has the audacity to threaten legal action against the Group.

We really need a job lot of P45s here quickly as there is no shortage of candidates.

Can't say I blame the opportunists for trying to make a few quid here. It's been clear for a long time, all the Stock Market Indices (not just AIM) are operated like casinos with the odds stacked very much against the punters.

Fir LTH's, today's 'true' SP is around 16-17p and in 2008 when this was reached, the Group was on its way to insolvency saved only by the Gov's bailout.

Things ain't quite as bad this time, but in football parlance, NWG has been close to relegation too many times and needs fresh blood from the top down.

......and we are talking about Premier Division quality, not some of the inferior players of recent times who have also earned quite ridiculous remunerations.

ICO report on A Rose's breach of confidentiality (re: Farage, BBC etc), unsurprisingly concludes this to be the case etc.

Not only should NO compensation be made to this individual, but she should be sued for breach of contract, bringing the Bank into disrepute. Any pension should be curtailed.

Just don't expect any leadership in this regard to be shown by our BoD who should at least make a stand against the UK Govs direction in all of this.

,

The background to the Group's new Chairman would have certainly been discovered in 'checks' which are undertaken for every new candidate, and not just at this level of seniority either.

So having scored 0 out of 10 for Banking knowledge and bringing potential (further) reputational damage to the Group, as well as fairly significant concerns over his lack of judgement, our esteemed BoD thought this was the best candidate!

Words actually fail me.....

As for the potential new CEO mentioned in despatches, let's hope her experience in sorting out Bank of Ireland will stand her in good stead, as of course banking in Ireland witnessed by far the worst example of sheer incompetence, corruption and criminality etc to face the banking industry in recent times (leading up 2008/09) across both UK and Ireland.

We really need someone who has some sort of clue.

Thanks miavoce. I'm certainly more a fan of cash than 'profitability'.

B

Bentham - I think there's little doubt the Market shares your scepticism on Angle as the SP performance over the past couple of years amply demonstrates despite the various 'plus' points of Parsortix (many ofcwhich have been highlighted by EmeraldC in a number of excellent posts).

As stated, the strength of research and 'industry' specific data, were influential in my first investing in Angle some considerable time ago and was again a major factor in my reinvesting within the past few days etc.

However, looking at the business case for investing here, I have to admit its far from strong at this stage (imo).

The Co has all the attributes of a technically run laboratory, controlled by scientific specialists whose focus and expertise is centred on the science with the commercial sustainability only now being seriously addressed. Even now, reading the recent Interims, it reflects the scientific focus ad nauseum with the financial profile moved to that of a side show.

Angle really should be part of a major Parma Co's r & d dept. instead of a stand alone Corporate where true 'break even' looks little more than a pipe dream.

Cash resources remain significant, but at current loss levels, these would need replenishment in c18 months time given the annual cash burn of c £10m. Sales and Revenue growth is in % terms significant but there is not the slightest indication of when the Co hope to see Operating costs covered.

Recent Senior Exec appointments have a lot of work to do to reassure the Market and if key growth and performance hurdles can be met, then there should be a case for justifying a Capital raise a year or so on. Well beyond that, we will be better able to assess Angle's real prospects of long term financial sustainability.

Meantime, we could be at the mercy of a low ball offer from an opportunistic player but provided some decent Contract news can be delivered is probably the best we can hope for. This, at least, should help to sustain the SP for the foreseeable.

I, along with many, long(er) term investors, initially bought in here on the back of what seemed to be endless positive reporting/feedback from global research reams/universities etc on the Co's Parsortix product.

Parsortix seemed (certainly to me as a non-specialist in the field) a potential market leader and although competitors had products aiming at similar objectives, Angle's Parsortix appeared to produce better all round results.

The big disappointment was the lack of commercial success Angle seemed to achieve despite all the academic plaudits etc.

I am quite at a loss to determine what has really changed as I still believe in Angle having read more on the Co, its product and research than any other investment I have made.

I sold out at a loss a few months ago but have been tempted many times since and I have to say if you interpret the latest comments within the Interims, the much promised commercial success could be around the corner.

Given the SP has dropped so much, I have convinced myself to climb back aboard.

OutofLuck - your comments certainly ring true for me as well!

This is a severe break up of the business, so I anticipate they can package up their retail brands and sell these off collectively/individually.

To me focusing on the highly competitive UK retail market is chasing volume at the expense of margins and one DL seems increasingly incapable of competing withe big boys.

I really now struggle to see where DL sees itself as having any market edge over its competitors.

Official announcement from NWG on above subject confirms that they are maintaining their long held tradition of appointing chairmen who have actually no idea what banking is about.

OK, some will say that area is the domain of the CEO and Executive management and that is true......up to a point.

It's just that if the CEO turns out to be hopeless, out of their depth, tyrannical etc., and Nat West/RBS have had more than a few, then it beggars belief that 'more of the same' is deemed appropriate here, irrespective of the other skills that Rick H may bring to the table. It certainly hasn't worked in the past.

Despite that, I wish him every success.

And, yes, I am that desperate!

....but as we have seen in so many Corporates (especially the really big boys), it never stops Senior Execs being rewarded with ridiculous severance or remuneration packages.

Shareholders inevitably bail out these examples of incompetence time and time again. AGMs are hardly a suitable means of leveraging private shareholder opinion.

Being drip fed with these unsettling bits of news should unfortunately keep a lid on the more optimistic views expressed on this bb recently, and, as a consequence, the SP/Dividend aspirations for the foreseeable future.

With no end in the weakness shown by the SP in recent times, the proximity of the Interim Dividend payment due on 15 Sep offers the Group a new opportunity to plumb record 'lows' not seen since the dark days of 2008.

Perhaps our much criticised BoD will surprise us all with a very positive trading update (in absence of CEO...sic), tease us with the appointment of a dynamic (permanent) new CEO and other radical news.

Or, perhaps not........as they seem blissfully asleep at the wheel and totally bereft of ideas on what to do next.

It's being reported that A Rose could get a payoff of £2.4m .......for disclosing confidential information to a journalist!

This is a disgrace, and an insult to all staff amongst others, who behave in a proper professional manner. Any other member of staff guilty of misconduct would get nothing after all, and rightly so.

Even if she had been an excellent CEO (which IMO she most certainly had not been), her actions have forfeited any severance payment being due.

What more can you get wrong NWG?

D - fairly obvious stuff from Bloomberg, but, of course, there was a lot 'wrong' with the SP well before the Rose/Farage/Coutts debacle.

Despite the (previous) steady reduction in HM Gov's shareholding, it is clear from recent events that despite their Minority holding, they continue to act as 'shadow Directors' and often at complete odds with the Group's BoD.

I'm sure there are many investors who will never view NWG as an independent Company until every last Gov share is sold off.

If that is in fact the case, then even the appointment of a new CEO etc remains 'tainted' by outside control as will future direction of the Group.

It's already 15 years since the Financial crash of 2008 and I wouldn't like to hazard a guess at how long recovery of the SP will take to pre-bailout levels, if ever.

There's clearly a fundamental lack of demand for NWG shares, as despite the Group's much improved financial position (sizeable and growing profits, much stronger Capital etc) together with both the reintroduction of Dividend payments and a backdrop of managed reduction of UK Gov's shareholding, the SP languishes close to the disastrous levels of 2008 (once the ridiculous Consolidation and last year's Capital reduction sleight of hand are taken into account.

It cant all be the fault of a string of very sub-par CEOs and BoD members but I think its going to take a whole more than a change of Broker to reignite this share.

Here's hoping for a miracle!