Member Info for horace678

Does anyone know who the new shares are being placed with?

The company is currently priced at very close to the shareholders' equity. However, one would have thought that a potential buyer would pay more than just the book value of the company. OneSource was valued at just over twice the shareholders' equity when it was sold off to ABM in 2007.

Probaby more share buy backs - see IPEL website for news.

Sorry, I notice the news about the placement further down the page.

Is there any news in particular or is this just a question of herd mentality?

There are around 44m shares in issue. However, am I not right in thinking that the total number of shares can be more than that number of shares that are paid for and issued, i.e. there could be 1m shares in total, of which 44m are paid for and in issue. Also, the RNS refers to B and C shares. Sounds like a bit more tidying up, that's all.

Does it mean that they are cancelling shares, even if those shares have not been issued ?

http://investors.impellam.com/news-filter

I had a chat with Cheryl Jones at the AGM a couple of years ago and she seemed very pleasant. But of course directors need to be ball-busters in order to get results.

Does Lord Ashcroft ever make an appearance at the office? I just wonder how his experience of restructuring and philosophy of hard work trickles down into the changes taking place at the company.

By the way, how are things doing at IPEL ? Still undergoing restructuring at the office?

The WIHL have an asset value which is a multiple of the share price. I would hang onto them, but it might be a long wait.

Notice how the holding of Geraldton (aka Ashcroft) is now rather low at 50.6 % - I wonder if he's going to do anything to increase his holding back to 57% again.

I'm still here. I sold a few at 320p. Should be some good news soon re share consolidation, dividends, buybacks etc.

In short: PE of about 6. Debt cleared and cash in the bank. Share buybacks. Acquistions. Capital Reorganisation. Dividend.

Thank you. Ashcroft companies are my "baby".

The SP is nicely up this morning.

Ashcroft will have the last laugh - he always does!

This is a repetition of the scenario that we had in Mid-December. There were a load of buys in the morning and it went up to 45p and then a load of sells after lunch and it came down again. Sounds like "The Grand Old Duke of York"...Either it is (i) a stockbroker having fun and putting in a load of buys to get the price up (ii) Ashcroft and his team up to some funny business or (iii) a series of Private Investors thinking something is about to happen and buying in. I think (iii) is least likely. I don't think anything is going to happen on Monday in particular.

I wonder who is behind these sudden spurts of buys. An individual or speculators in general ?