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Knowing they(Maris &co), are going to lose their jobs, they are in no hurry to get the Company sold ; or ‘Do’ anything.
“ Sit on the hands, twiddle thumbs, and rake it in !” Is their mantra!
Literally laughing all the way to the Bank - at our expense.!
From what I can see, the only real winners in HUR are Maris and Co who appears to do about 2 days work a month, and draw six figure salaries! Never mind the various fat- cat pensions, and other ‘perks for the boys’…
They are more ‘caretaker janitors’ than managers in the creative executive sense of the word. At this rate, the company will be sold off at 7.7p, if it is lucky!
Seriously, ask yourselves, would you hire them to run a company you owned?
An emphatic, NO !
Dick - Yeah, well, your monika sums it all up.... you've been told that before though...
We're not offending cigarettes now ? FFS....
If the shares offered on the market are bought back and cancelled, then surely CA’s % holding will consequently then exceed the 29.9% limit, mandatorily forcing(CA) to be obliged to make a bid.
Have I got this wrong? Or, will the shares be held in the treasury to be ‘awarded’ to the BoD as bonuses etc?
Even if there was payout £70m through dividend they could stagger it quarterly, over a year, to keep shareholders in. Remember, the BoD hold virtually no skin in the game, and the longer they can stretch their tenure in HUR the more fat cat salary they can garner. I don’t trust them one bit….They will have probably awarded themselves free shares, etc., by then……
And….PoO Brent at $81…….
Jiffy - Just seen you message re: HUR market makers.
Thank you for that info, and for remembering!
Have a great festive season!
It just means someone has asked for the paperwork.....no more than that.
Question: As we don’t know the identity of the 7.7p bidder; can it be HUR’s own Management looking for a management buyout?
Or, management plus CA ?
Does this have to be openly declared?
No guesses please.
All through rose tinted spectacles….
Simples- Good post. That puts that speculative chat to bed.
My understanding was about 25 million shares.
Haggis - You are right. Nobody , invested or not , will ever forgive, or forget what that BoD tried to do. This is why HUR is never, ever, going to be flavour of the month.
DC - Excellent informative post. Clears up speculation on the matter which was, to me at least, a bit ‘grey’. Let’s hope the dividend option evolves…
fandg2 - I am pretty much of the same reluctant conviction.
I don't have one. I agree, 7.7p is a low, low bid.
But it seems us PI shareholders are the only ones who think this share is undervalued..........
Question is : Are there going to be any other better bids?
Oh Dear....Breaking news ...SKY News...
"Business Secretary Grant Shapps hints at autumn budget windfall tax expansion on energy firms due to 'unexpected profits'. "
The bid for HUR was timed exactly to coincide with the Climate Cop meeting. That way, fossil fuels are being damned, and so a low, low bid may just cut it........
Just think if the logistical nightmare of attempting to put QFI bunker fuel into every port everywhere in the world just so the MSC ship can fill up? Not going to happen in my lifetime….