Member Info for CJ66

Just as balance, watch out for the poor management - they managed to lose just about the whole of the building team, and a lot of profits with it, but didn't bother to give much mention of it to shareholders.

First I found out about it was somebody winning a building contract in the Falklands, (and there aren't that many!), thought great must be FIH and found out it wasn't....then about how the managers had all left....

...Just a comparison - THS 3 months from 55p to 95p - SLP 50p to 73p = SLP should be higher even ignoring the commodities price to fixed cost benefits?

not apple for pear, more of 1 type of apple to another...

It' s certainly looking the brightest spot for about a year now as long as the supply deficits persist,

I think Aberdeen and Caml are very different prospects - but it does raise an interesting point that the price is now so low that if the deal fell through you have one heck of a dividend share when 18p dividend was 63% of the free cash flow last year, so easily affordable if no acquisition.

It's not what I want to happen, but it does look an interesting contrarian option that is growing!?

Will hold my shares for a hopeful recovery here - but the attention to business deal from the directors has been shocking and they appear to hardly acknowledge or explain it in announcements or the results presentation.

Good opportunity to vote against the whole board except the new FD

To many shareholders just ignore this message sending ability - RGL made a shocking mess of their finances and yet the agm resulted in over 90% support for all the directors despite the shareholders having lost 90% of the share price and subject to a massive penny rights dilution!

Be interested (but probably not surprised) at what shareholder votes are given here....

....must add that it will be interesting to see what Simon Thomson of the IC has to say as he was heavily promoting this - I think it was one of his picks of the year last year - don't know about pick, more of a broken shovel....

Agree good news going forward, but the previous CFO presumably a qualified accountant should surely be struck off - and even chased by EAAS. He must have known what was going on, or been so incompetent that it was chaos in his department.

Why did none of the other directors exec & non exec not pick this up? The language stated in the report has indicated misleading shareholders yet alone the companies own operations and prospects. Perhaps that's why the shares seemed so amazingly under priced....who did know (not me)!?

Agree Jaczar, they have now increased (with perhaps some desperation) the holding by 7% purhasing shares + offering .62 from previous .55 and wasn't it originally .50.

Not such a bargain by the time they have finished and been stitched up by private equity....big learning curve!

They need 75% of the vote...can be stopped, big if shareholders vote.....

...as you say how could they not know the business - smacks perhaps of the difficulties of the non involved directors getting some form of reasonable outcome for shareholders that could show some pretence of looking fair!?

Either way it doesn't inspire a satisfactory outcome...

The sad truth is shareholders need to vote against these things to stop them happening. On my last low ball takeover bid I noticed less than 50% of shareholders voted so these things need to change to avoid constant hollowing out by others. It can be done MPE managed to garner shareholder support to reject an £8 bid when the price was £6. A couple of years later the price is now over £10. Shareholders and boards should look to make themselves more accountable. I would also like board members to declare what positions or benefits they have been offered by takeover companies (conflicts of interest).

Agree the board appears to have stopped the dividend for no good reason with no major change from last year. It has also fully expensed costs, which is fine, but looks to be done on purpose to make the results look worse than they actually are. Any announcement on the car litigation cases could transform things (estimated at up to £20m as fully expensed to the bottom line). As the process draws nearer mgt and shareholders should wait for any outcome before bids are considered. Certainly potential confict of interest between shareholders & directors when they are so involved. I can see yet another low ball uk share bid coming...

Also pretty spineless mgt if they are accepting this offer. What are they getting from dundee to accept the deal - certainly not acting in the interests of the shareholders whi supposedly own the company. Hopefully enough of them wake up to this...

...+ why after waxing lyrical about how wonderful they and the company are do the mgt accept a lower bid than nav.

Those of us older remember property is cyclical and if you wait often premiums to mav are paid at times in the cycle. Patience needed if people don't just give up.

Agree, rubbish offer after all the hard work done + don't want non listed partial share offering....

NAV of 128p & offer of 109p

Doesn't look good to me and I will vote against the Blackstones anyway...

....also getting closer to the required offer date of 17th June, so perhaps also nudging higher...

...worth bearing in mind that they have returned 188p since launching with just Kounrad at 100p in 2010.

I think they have a very good balance of dividends and very conservative growth having already paid for all Sasa and still having cash.

They tend not to try and hype up prospects or just buy projects with ramping up the number of shares in a false value way.

Have always had my vote for long term thinking in my book.

Unfortunately the yield is now high because the price was £14 some 3 years ago and has been on a level decline with the UK economy and it's stock market for 5 years (it once hit £20). It's old fashioned manufacturing hit by our high employment and energy costs compared to competitors.

I have some of theses shares and like the company but despite using its (slowly shrinking) cash pile and becoming more efficient it still struggles just to keep still.

It keeps going on about the positive medium term - but I want to see that short term real immediate improvement first before buying more.

"Total dividends have grown by 160% from 5.0 pence per share in FY21 to 13.0 pence per share in FY24. Despite this, our share price has remained broadly unchanged. In short, our progressive dividend policy, despite the yield being increasingly attractive, has not generated increased equity value to shareholders."

With this in mind we will do share buybacks instead - well hows that going for you?|

Share price now reduced from 265p to 225p - I would have preferred the dividend thanks, but I suppose the buybacks should just remove the shares at an even lower price, and thereby work...just not quite in the way they intended.

Lets just try increasing the profits without so many '1 off' adjustments for this and that.

They haven't even sent the voting form out yet.

People need to hold steady and vote against the offer - only that way will a higher offer be made or they walk away from such a low ball offer altogether.

The counting votes are those actually present at the meeting + the proxy votes. Ie in exageration if 1 person at the meeting votes yes and nobody else votes it would pass.

Pretty feeble the mgt haven't stood up for it's owners, the shareholders, particularly below nav - Whse reit have at least secured a higher offer by rejecting the first low ball.

An example of strong mgt is mpe - who rejected an offer of £8 when the price was £6. Convinced shareholders with strong logic to reject it - thay voted to do so and 2 years later todays results were eps of 129p and a price over £10 (which is still to cheap!). We have to get some spine and stand up to outside parties hollowing us out on cheap valuations with more than just a shrug...!!