Member Info for KingJoe

to think of Sport as a money maker and hospitality hook. This attitude must change.

Do I detect what is realyl going on. This under rated share has risen has risen since Lord Bell and Piers Pottinger sold at 154p.. Sir Martin of WPP recognised its true value and has been on the side lines as a , 20 % Shareholder. ~What could happen next?.

How well established is the Brazilian Office to do the business ?

Lord Coe in talks to sell agency Simon Duke Chime is in talks to buy Lord Coe’s sports consultancy in a deal set to deliver a large payout to the former Olympics chief Published: 16 September 2012 Sunday Times. Lord Coe to be a director of Chime. A new Blue Barron.

on Up. The most interesting thing about this company is the internal squabs are over. Now the Directors are looking after "our" shop The second half has a large part of the Olypics within. The future looks bright as there appears to be DG more inerest in sport and money to be made. Having done the business at the Olypics our Street Cred must be good. People like to do business with "What works" and what is "tried and tested". Do it again Christopher will you! ?. Sport crazy Brazil Directors why no office bases in Rio?

Well done Directors. Better in future not shown in price. Seems to be cracking results!

Good forecast. Most of Olympic happed in the 2nd half. This share is under valued.

What bid? Why would anybody sell before a bid? 25% up since the Blue Baron sold out. at £1.54. No internal conflicts. Onward and upwards from here

Look after the shop without the distractions of those departed who were feathering their own inheritance tax nest tax nests, This is now a united company's Directors can now work 100% on looking after the shareholders' interests. If they do well we shall reward them. What we nee is proper balance in the rewards. I am glad that shareholders have two WPP directors on board.. It is onward and upwards from now '.

The hangover for PP and LB is over, Their private placing shares have been moved on. having dumped their shares they have no interest in the future. There is a vacuum of news from the leaders of the company as to the strategy they have planned for the future.

Have sold their entire shareholdings at 147p each. in what must have been Private Placing. Was the mystery buyer Sir Martin's WPP. or will it be? The Board of directors must quickly tell shareholders what are their objectives/targets for the future and how this should be incentivised in both their risk and reward remuneration. The strategy must be clear.focused with the objective of rewarding investors for their trust. Shareholders want above average returns. .Joe

Shareholders should by now know what the profit or loss was on the sale to Lord Bell's new company.. On the credit side is the purchase price and on the debit side are the following. The value of the net assets which has walked out the door. 1}The surplus which used to arise on consolidation of those departing subsidiaries which have gone. 2) The valuation of the minority 25 % interest in a private company. 3) The value of the departing assets.which have disappeared at book value. 4) The sale proceeds of 19.6M on the credit side. The resultant answer is what Chime shareholders must be given. Joe .

It is unclear from the information supplied to shareholders that we have been presented with the information upon which we can make a rational decision. So unclear are the figures presented that if I understand the position correctly £26 million of assets walk out the door and the quitters pay £19.6 M. 25% of which is handed over to Chime Shareholders in a private company.as part of the deal. This is a crazy deal. WPP

Assets of £ 26M will walk ot the door we will be paid £19.6 M. Sounds like highway robbery to me. Reject this deal.

I see no reason to make an exception in a case of a mysterious area of danger when selling an interest in a business in which I own shares. Without the same knowledge as the acquirer on the insider with full knowledge. I first ask what is the value of the assets which are being marched out the door. What is the balance sheet historical value of the goodwill related to the acquisition of those parts departing out the door and its present goodwill value now. I am concerned that the chief minority shareholder was excluded from taking part when he should have been part as a chief minority shareholder in the full discussions to represent the minorities interest as opposed to the by acquirers on the Board of the new company. A p/e of 8 is not a proper valuation as it may be affected by the loss of a serious contract and redundancy costs which have already been taken. A proper valuation of the assets walking out the door is the correct basis. As the remaining shareholders will not have control and will be paid in preference shares and ordinary shares on a spread out arrangement there is a mysterious element of risk being taken by remaining Chime shareholders on an unlisted market. Revalue goodwill as at now and add the tangible assets walking out the door I see no reason to sell at a discount. for a minority interest without control. What is the view of the other shareholders ? How are they checking the value for money of the deal? So they have enough information for the deal to stack up? Alternatively what would WPP be prepared to pay? .

I am a numbers man far from PR. You are obviously are a knowledgeable, senior and clever man used to valuing business in the PR field. You say in your own words " this would in normal circumstances provide provide a notional 12 times" multiple for an established business up and going without risk discounting involved as in a start up. So if there is no change of personnel and things continue "without the retirees" who as you say could be replaced in the business. Why let the assets walk at a multiple of 8 when if they stay it is worth a multiple of 12 then Chime shareholders would be mad to offer a discount of 33%. The shareholders in Chime are not mad and wish to protect the proper value of their holding why is there a need for change at a discount. As a shareholder why do you want this strange deal which fellow respected shareholder with 21% will not buy it.at any price?

Are Chime shareholders going to sell at too law a multiple?. Yes mistakes have been made but a good PR company should be able to manage a recovery from it. If Lord Bell and Piers Pottinger wish to walk away with an undervalued business then I am totally against it. If Sir Martin Sorrell thinks it a good deal for shareholders then I would like to know why and surely the senior NE Director must be the WPP director. It has 21%

WPP has upped its stake. This must mean that Sir Martin Sorrell is firmly against the break up and is buying more votes. This is a share to watch closely. I believe that at 156 its a good time to buy and CS has also been buying.. .

I am at bit of a loss as to what you mean about your well connected friends at your level of connection. As a shareholder of a company which since you wrote; its share price has fallen from 216 to 152. Do you not think we should know the names of the quitters on the Board and the Stayers so we shareholders can make considered decisions on the basis of good information. Is the Problem Lord Bell and his nefarious and undesirable connections (as you intimate) which holds the price down. What is your solution to the problem? Frankly I have never ever seen a public relations company go out of its way to push down the value of the company it runs If the other Directors are so good why since your letter has the price gone south by 25%. Which directors are looking after the shop and which are not? I value your input. KR Joe .

Never get angry, never make a threat. Reason with people. Never hate your enemies, it affects your judgment. Never argue with an angry person. I have never taken things on trust. I see no reason to make an exception in the case of a mysterious area of danger. The time to make up your mind about people is...never. You never get a second chance to make a first impression. Since your letter was printed Lord Bell has been concentrating on his MBO and nobody has been looking after the shop - our shop. This has been my strongest fear, all time is spent on private interests and none on building the busines of PR. Perhaps you in your wisdom could tell me who are WPP's Directors on the board who while the others paddle their own cannoe, it can only be them who look after Chime shareholders interests. As Sir Marin says anything which is good for Tim and Piers is bad for Chime shareholders. I have never seen a PR firm run down its own company which such an uninformative Management Statement which frankly is unintelligible. As Sir can now take over Chime at a knock down price, I cannot under stand you logic of pushing the price downwards since your note to us of the 1St May 2012 did. 215p down to 165p. I would welcome your views and support to send a message to the Board. KR Joe