We would love to hear your thoughts about our site and services, please take our survey here.
I'd like to think I know Ashcroft well enough to say that this is vintage activity on his part. He lets the price since nice and low so that when he sells off there are shock headlines and Ashcroft has a little chuckle to himself.
It makes me want to buy more at a low price as I believe that Ashcroft is preparing to sell the company at a massive premium and that, as far as he is concerned, the effect of the price shooting up will be magical!
we will certainly get what we deserve, you just wait.
thanks
my wife met someone at our local gym who was an Ashcroft shares follower, wondered if it might have been you (as there can't be that many such people)
Do you live in Chigwell by any chance?
Nice.
Yes, looking good. Meanwhile, note the recent advance of Marlowe (MRL), formerly Shellshock (SHOK), another Ashcroft company.
The NAV is 52p per share. Lots going for it, but currently overvalued.
See news yesterday over at Shellshock (SHOK). With Charles Skinner on the board and a strategy of consolidation in a fragmented sector, this could be the next Restore.
See news yesterday over at Shellshock (SHOK). This could be the next Restore (RST).
http://www.streetinsider.com/SEC+Filings/Form+SC+13DA+ABM+INDUSTRIES+INC+DE+Filed+by%3A+ASHCROFT+MICHAEL+A/10442582.html Ashcroft renounces his peerage on 31st March, but still calls himself "Lord". On the first day of the tax year (6 April), he sells a load of shares (350k) in a non-UK interest, ABM. Remember he sold out to ABM in October 2007. So this must be Ashcroft reverting to non-dom status. Fingers crossed that Miliband does not come to power and abolish non-doms!
Notice how Lord A resigned from the Lords shortly before the start of the new tax year. He is able to start the new tax year with a clean slate, presumably as a non-dom. Does this mean that he hopes to make savings on CGT this year, perhaps from selling Belize Bank? Fingers crossed.
Two big buys today. Meanwhile, wondering what impact Lord A's new non-dom status (due to retirement from the Lords) will have on his business affairs. Lord A has spent more time in Belize recently, and has to stay out of the country for six months of the year to satisfy the non-dom requirements.
Shareholders' equity of $72.4m = £48.9m. The shares are undervalued by almost 5 times!
I thought it might have been you topping up lol. Yes, I think it was a director's buy, so we can expect an announcement shortly...
600k shares "sold" today a 9p. Or was it a director's buy at a bargain price? Check news when it comes...
I'll hang on to them till the bitter end. As I believe that IPEL is the nest egg for Ashcroft's offspring (DYOR on the Lombard Trust), I expect the company to be around for years.
Going through my papers, I re-discovered a paper certificate belonging to my mum from the time of the inception of the company in May 2008. So one still has an interest in IPEL after all!
Cheryl Jones has almost 5m shares. The last buy at 7p was 2,000,000 shares = £140,000.