Member Info for dogger

Has just been sent an email supporting the Oasis stand on GD. Don’t suppose it will do any good.....but i5 made me feel better.

Premier Foods has kick-started efforts to quell a potential revolt aimed at ousting its chief executive after being blindsided by a top shareholder.
The company’s chairman Keith Hamill is understood to be contacting investors to reiterate his faith in boss Gavin Darby following news that Oasis Management plans to vote against his re-election at Premier’s forthcoming AGM.
Oasis, which is Premier’s second largest investor with a stake of about 8%, also intends to encourage other shareholders to do the same.

Premier Foods, which is behind Mr Kipling cakes, Ambrosia custard and Bisto gravy, was caught unaware by the admission made by Oasis at a press conference in Japan.
The announcement prompted the board to issue a market statement backing Mr Darby and urging shareholders to follow suit at the AGM on July 18.

Premier Foods declined to comment any further.
Oasis is a major shareholder, second only to Japan’s Nissin Foods Holdings, which now holds a stake of around 19%.

We went down over 5% yesterday on the Oasis news. Looks like the market doesn’t like it....just the uncertainty, I guess.
How can we find out the specific reasons why Oasis as saying what they are - apart from the obvious one of course.

What a great timing for LSE to go down.
Looks like we are about to be de-listed. Is there anywhere else that we can all meet for a catchup ? How about Facebook ? Oldfriendsofmagp?

Just spoken to the Halifax (who hold my shares) and instructed them to vote against GD.....we are on our way !!!

MAGNOLIA PETROLEUM PLC - Important Information Magnolia Petroleum Plc is intending to cancel the admission to trading of its Ordinary shares on AIM. Important Information & Other Key Dates: The Directors have conducted a review of the benefits and costs of maintaining the Company's quotation on AIM. Following this, the Directors concluded that the costs involved exceed the benefits and opportunities of the Company remaining quoted on AIM. The Cancellation is subject to shareholder approval at a General Meeting to be held on 7th June 2018. Subject to acquiring the necessary approval the Cancellation is expected to become effective as at 7.00am on 22nd June 2018. The last date for dealings in Magnolia Petroleum shares will be 21st June 2018 after which date you will not be able to sell or otherwise trade your Magnolia Petroleum shares on AIM. The Directors will consider the placement of a matched bargain settlement facility via http://magnoliapetroleum.com/. Once the matched bargain facility has been arranged, details will be made available to shareholders on the Company's website. Regrettably we are unable to facilitate trades using a matched bargain facility. Should retain you shares and wish to use the Company's matched bargain facility after the Company's Ordinary shares have been delisted you will be required to withdraw or transfer your shares from our nominee service. Should you retain your holding of Magnolia Petroleum shares we will notify you once the Cancellation has become effective or upon receipt of additional information from the Company. Subject to the Cancellation becoming effective Magnolia Petroleum shares will not be eligible to be held within an ISA product. Any shares remaining within an ISA product will be transferred to your share dealing account. Should you wish to find more information about the Cancellation of Listing, please visit the Magnolia Petroleum website, http://magnoliapetroleum.com/proposed-cancellation-of-admission-to-trading-on-aim

If it�s as bad as you say, why did you invest in it ?

They sent it automatically

And that�s with the market jittery over Italy....hopefully good news on the way

Just had my letter from the Halifax. Sent it back with 35k of no votes

Standard life notified that they sold 850k shares on the 25th April to take them below 5%. Maybe they sold the rest just after that. Do they have to notify after they have gone below 5% ?

If anyone is counting !!

Hopefully a good punt by you smelly.....however, I would point out that we have now had three consecutive quarters of sales growth, only for the market to mark the shares down every quarter !! My own view is that only a major event (GD resignation or takeover) will rescue the SP - here�s hoping.

Agreed....it�s very very frustrating. Do you understand the Hovis situation? Why don�t Pfd sell their 49% share and pay down some more debt. I am assuming that the very simple answer to that question is that nobody would buy it...what do you think ?

Is very positive......hopefully some of them will upgrade the shares to buy

Hopefully GD will perform like a dog with two dicks on the conference call....the analysts and the press will be positive and the SP will move forward accordingly. As you say Oldtimer, reasons to feel positive this morning

I really think they might have turned a corner now.......but a note of caution.....what is round the corner ?

My tongue was firmly in my cheek !!!! I am hoping for the best tomorrow, but instinct tells me that he will preside over any disaster. Surely he will have to go if he does ?

Was the SP two years ago, just before the offer. Come on Gavin.....can you match that tomorrow?

I just can�t help myself being hopeful about tomorrow......but I know I will be let down AGAIN