The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
You are definitely right about daylight robbery, it effectively happened in a day.. Or shall I say a late Friday evening.. Worst possible day... I bet Mr king was drinking champagne with his director buddies in the office. Ace of spades ♠ perhaps...
Has everyone lost interest..
Where have all the shareholders gone. I hope not drowning their sorrows...
The bondholders wanted the company and always had the stronger hand. If jpr received a bid for 150 million, I'm sure the board could of negotiated the the remaining 50 million or spoken with existing shareholders to raise money. Remember they also had 20 million in cash..
Why would the board take up or negotiate better bids when there are no guarantees for their jobs. The board received guarantees from the bondholders before the pre pack. I guarantee that. They were half the problem in the first place.
You only have to look at the last few trades that someone knew something before anything come out. The market makers new too. The price doesn't just drop so heavily on a few sellers ( if they knew) the fca needs to investigate this! As far as I understand this is insider dealing..
Thats a fantastic idea
Dear shareholders, What occurred late Friday evening was a completely utter disgrace. Total incompetence on behalf of the board, who chose the 'easier option' to protect themselves in their precious bubble with a high undeserved salary. It was clear that there was a high level of ignorance from the board at the initiation of the strategic review. I genuinely believe the board didn't do enough to evolve the ever changing business. They didn't even offer to cut their own salaries in troubled times. Part of the deal with bondholders was that you give the company to us on the cheap and you can keep your director jobs. Very carefully orchestrated hence why both custos and crystal amber failed to get a seat on the board or oust the current one. The board show absolutely no respect to their shareholders. I for one will be joining the action group. I don't believe they are fit enough to to be directors of any company let alone Johnston press. Tomorrow will be another day and life will carry on.. Lessons must be learnt and I believe both previous and current directors must be accounted for. I am very passionate about this and I will also be joining the legal battle. But in the meantime I wish all the jpr holders well and you guys stay strong. Remember the reason why we fall is because we can learn on how to pick ourselves up again.Tomorrow will be a sad day because officially jpr will be delisted... I am not sure how long this board will last for on the lse. All I can say is take care and good luck!!
The directors should be hanging their heads in shame. Its corporate fraud at the highest level. I too will chase this, because the directors have mislead investors from the beginning. I don't know how they sleep at night with the salaries they have earned over the years.
This is a sham on behalf of jpr's board. Pure and simple.. simply to keep their jobs.
Someone sells 12000 pounds of stock and it falls 30 per cent. Rigged to the hilt -For a premium listed company.
There you go. An automated trade!!
This will open at 10p tomorrow
The board need to be pro active with their approach for bidders!! Not to sit back and hope for the phone to ring. They are the ones that need to pick up the phone and start dialling!!
Sky have always had that stake in Jpr!? Right?
How many do you have??
So what's your interest in jpr..
Lol. I was thinking I was still 25 in fact 35 (82) how old are you then?
Because of the 87 number. Year of birth. Just curious..
How old are you boothy 21??