Member Info for Ejackson

Yes, agreed and I, more than most, have advocated patience Columbo but I have to admit to it wearing a bit thin. For some time now I have been convinced of corporate action behind the scenes and I still remain confident that this has been discussed, however, in the absence of any hard credible news, the alternative has been for management to get a firm grip on our company and make the most of its opportunities much of which has been identified by Eddison, who have suggested, is easy to implement. In this, they have not demonstrated to me that it has been delivered as it should have been. My simple hope is that our new Chairman is announced very soon and has a strong, successful corporate track record and an appetite to really get stuck in with one of the first items on the 'to do list' being to appoint an equally gifted and ambitious CEO. Surely not too much to ask for particularly after the last RNS reading so positively, it should be an easy win to put on your CV, so I come back to the question.....'why the delay?'

Very, very disappointed that there has not been an announcement. I am really frustrated that for such a potentially exciting company as Findel that we are being held back by a ponderous board. I completely agree with you Columbo that we are in the fortunate position that we appear to be trading well at the moment. Imagine for one moment if we could go back to having someone like Roger Siddle at the helm driving us forward? I find myself reflecting on just why he left prematurely and the lack of progress since....time for our board to get on with it and show some resolve.

That would be very nice simpson39michael, however, my near term objective would be to see £1.50 as I believe the 'bad news' is now out there and trading in the markets FOXT operate in will be the first to respond when there is evidence of confidence returning. Either way, fingers crossed for an upward trend.

This is a straight play on whether you believe in London being a preferred place for people to buy or rent a home. There are many short term challenges to this thought but over any period of time you care to analyse in the past, London always comes good. On valuation grounds, Foxtons looks oversold at the moment and for a company that has sorted itself out and is debt free with an established lettings business providing a further cushion, I am happy to make an investment and watch what happens, as I believe the downside to be limited. Any comparisons with the likes of Savills or Countrywide is not worth discussing as they are such different animals and have totally different business models. This is a straight play on London.

Agreed 1GW. This fell off my radar as well but its importance should not be underestimated. It appears we are on the receiving end of a sequence of positive rns's which can only be welcomed, so, what odds for an announcement on our new chairman? Fairly short I would suggest. As for the commercial deal with SPD, very similar, however, when it comes to a full blown offer from SPD, I think these would be longer, but not a surprise if it came forward. In any event, the immediate future looks bright and finally, we appear to be on a path of realising the full potential that owning shares in this sleeping giant could realise. I know I have advocated patience in the past and in truth the current situation has taken longer than I had hoped /expected, however, I do now firmly believe we are on the cusp of an exciting upward curve and it looks like the market is beginning to appreciate this too. Just remember the little so and so's are always one step ahead of us PI's but the price and mood music seems to be headed in the right direction. I wish everyone well for the future and look forward to the next rns with great interest.

I would agree 1GW. With an update such as this today, surely the sum of the parts valuation should be greater than the previous £2.40. What is also frustrating is that we have only moved up 4p. Could this be down to a degree of caution being exercised until the detail is produced in the interims and confirmation of who our next Chairman will be?

Really encouraging rns, finally it appears we are on sound footing with everything moving in the right direction. A new chairman would be particularly pleased to start with a trading update as good as this...interested to see how the market responds given the positivity shown to NBrown a few days ago

As you know Skindle, I have long been a believer that a takeover was likely, however, with 29.9% SPD have all but blocked interest from elsewhere....maybe they knew of other suitors when they built their shareholding, just a thought, but given MA's desire to aggressively seek control of our company, I think he ultimately wants us but only on his terms. My mind though, goes back to the most unusual rns regarding edisons research. It may just be that a takeover is still possible from MA /SPD which would explain the 'no news' void we find ourselves in but there is behind the scenes haggling over the price. One thing is certain, its still anyones guess until we have an rns! As for the 'reporting' elsewhere on Mr Sugden, this has to be an error as we would have an rns by now.

With all the bad news flowing from SPD at the moment, I believe our negotiations on a commercial tie up are being strengthend with each day that passes. I suspect MA is so preoccupied with the mess in his own back yard, he can't take any calls which is why we have had no rns detailing an agreement. He must be so desperate for some good news, we can draft the heads of terms and slip it into his 'to be signed urgently' tray! We should also be hearing something soon on the appointment of our new chairman. Enough time has lapsed to go through interviewing suitable candidates.

I see that a purchase of 47 shares has moved us up 5p.....I am going to get ahead of you all and buy 47 straight away and if you could all follow me in at around 10am, we should get to £3.50 pretty quickly....I thank you in advance! Joking apart, it's good to see a steady and sustained rise of late and all achieved without an rns. I suspect the market is being discretly kept up to speed with what is going on behind the scenes and likes what it is hearing. Here's hoping anyway....

I suspect that this is a listing error. Below are two extracts showing how Toscafund seek to get involved which is quite interesting reading and sheds some light on perhaps why they lined up behind MA given the founder's nick name of 'Rottweiler' Fri, 9th Sep 2016 14:33 (ShareCast News) - The chairman of tools, equipment and plant hire services company Speedy Hire has held on to his role despite the best efforts of largest shareholder Toscafund to oust him. On Friday, 64% of the group's shareholders rejected a resolution to remove Jan Åstrand as a director, with 47% voting against a resolution to appoint David Shearer as a director, which was what Toscafund had wanted. However, Shearer - a well-known corporate turnaround expert and former chairman of Mouchel - will be joining the board as a non-exective director. "The board is pleased that shareholders strongly support Jan Åstrand's position as chairman and welcome David Shearer as a director." Hedge fund Toscafund Asset Management, which owns a 19.4% stake in the company, had requisitioned the general meeting as it reckoned Åstrand was "indecisive as a business leader, failed to support Speedy Hire's executive management fully, and failed to consult with shareholders regarding key board appointments". Toscafund's founder, Martin 'Rottweiler' Hughes, said Shearer would be "able to add significant value to the board as it oversees Speedy Hire's organic turnaround plan, and also has the requisite experience to examine any suitable consolidation prospect". The company's final results in May revealed a pre-tax loss of £57.6m in the year to March compared to a profit of £2.1m last year. Fri, 30th Sep 2016 07:47 (ShareCast News) - Tools, equipment and plant hire services company Speedy Hire said revenue and pre-tax profit for the first half are expected to be ahead of the previous year, while profit for the full-year will likely be ahead of its previous expectations. In a trading update for the six months to the end of September, the group said that as previously indicated, the recovery plan has stabilised the business and continues to drive improved performance. During the first half, the operational restructuring and focus on management of rental assets have continued, resulting in further improvements in operating performance. Meanwhile, employee numbers have been reduced by over 100 from the start of the financial year. Speedy said the costs associated with the operational restructuring and September's general meeting will be recognised as exceptional items. It added that following the disposal of the large mechanical plant fleet, net debt will be significantly lower than in the comparable period and at the year end. At 0817 BST, Speedy shares were up 7% to 36.10p.

Thanks for clarifying Skindle.

Hello Skindle. Did they publically put their name to supporting MA? I cant recall seeing anything.....

I can't help thinking that Toscafund, with their involvement in the possible tie up between Speedy Hire and HSS, are pulling some strings with regards to the possible appointment of David Shearer as our new Chairman. If this is the case and they find Mr Shearer as someone they feel comfortable with at the helm and would represent their activist role, it makes sense for them to increase their shareholding.

A rather peculiar day.....SPD's CEO unexpectedly resigns with immediate effect....MA assumes more control even though he has publicly admitted to not knowing how his company was being run as it had become just too big......he laments Forsey's departure and says it's like losing an arm but hopes to work with him again in the future which leads me to believe he just wants out and a break from all the scrutiny of late.....the SP rises 4% in reaction to the news -bizarre.....Just what is going on is anyone's guess but MA will surely come in for more flack having automatically assuming even more control? In the meantime Findel has some thumping great trades go through and.....wait for it......not even a twitch of a reaction. So to the burning question -who has bought in? Mr Market always knows a thing or two before us mere mortals so perhaps our recent rise is down to someone being in the know? If it is SPD buying then they will now have to make a formal offer but I suspect as the SP has not budged at all, this is an unlikely situation. Beyond that, it really is total guesswork. Interesting times and never a dull moment.....

I would be very happy with such a prediction SellingTops. Never quite sure what to make of technical analysis, I have seen it work out and fail in equal quantity but given I am invested here, my glass is half full of optimism, so it must be right!

...here and pleased to see a good natured agreement chaps. There are so many bad natured and personal attacks elsewhere it is refreshing that we can debate our thoughts in an open and accepting way here. We might not always agree on what each other is saying but wouldnt that be a dull world if we did! I for one am always happy to listen to others opinions however they are presented. Looking forward, I sense with the recent strength in our SP, we are likely to hear about the appointment of our new Chairman shortly and he/she will have had an influence over the commercial deal with SPD which may or may not follow shortly thereafter.

Agreed.

Columbo, the more you read reports about the day, the more you realise just how shocking the leadership and governance at SPD is. That one example of his crassness and total disregard of his employees pay and working conditions said it all. If anyone still believes this man deserves a place / chairmanship on our board then please make their case as I cannot see one shred of evidence to see how he will add value to our business. He is a significant shareholder because our sp is so low and he believes he can bring Findel into his ownership /control on the cheap, pure and simple. Lets get a strong Chairman on board and steer this sleeping giant in the right direction.

Looks like choppy waters over at Shirebrook today and MA's puppy training doesn't seem to be going very well given the latest RNS on Hellawell..... I would like to think we will be hearing some news on the appointment of our own new Chairman soon and an update on the negotiations with SPD for a commercial tie up should be imminent too.