GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
and history and old ads and all - a fair few mins dedicated to good olde yellow pages - and said - yes - thats right - before google came along people actually used to look numbers up in a book! *their words - not mine. And did finish the article with - they are still going - and deliver 25 million books a year. not sure if anyone else saw - some tv coverage is good tho - shame they stopped all advertising and all on tv - thats the powerful media for the king of advertising. Where did the 60M? marketing go? I heard thats enough to make a blockbuster award winning film....!!!! so hope it was used wisely. Must have missed it if made the tv screens. good weekends all.
yes $9 a share will do me - I shall be voting for it. Nice to get a vote it is anyways for a public company to be taken private :) GL.
Offer of $9 a share on table there. FYI Blackberry in $4.7bn takeover deal with Fairfax 2 hours ago On Friday, Blackberry announced 4,500 jobs cuts in a bid to stem huge financial losses. Struggling smartphone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7bn (£3bn). Blackberry said in statement that Fairfax, its largest shareholder with about 10% of the stock, had offered $9 a share in cash to buy the company. But Blackberry said it would continue to explore other options while negotiations with Fairfax continued. On Friday, Blackberry announced 4,500 jobs cuts in a bid to stem losses. The Canadian company said it expected to make a loss of up to $1bn after poor sales of its new handsets. In August, Blackberry said it was evaluating a possible sale. On Monday, the company announced that it had "signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence". The statement continued: "Diligence is expected to be complete by November 4, 2013. The parties' intention is to negotiate and execute a definitive transaction agreement by such date." However, Blackberry said it was not in exclusive talks with Fairfax and would continue to "actively solicit, receive, evaluate and potentially enter into negotiations" with other potential buyers. Canadian billionaire Prem Watsa, Fairfax's chairman and chief executive, said: "We believe this transaction will open an exciting new private chapter for Blackberry, its customers, carriers and employees. "We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to Blackberry customers around the world." 'End game' Brian Colello, analyst at Morningstar, said that taking Blackberry private would allow the company to reorganise without being under the glare of Wall Street investors. He said: "Based on the company's disastrous earnings warning on Friday, I think a deal had to happen and the sooner the better. This is probably the only out for investors and the most likely outcome. "The benefit to this sort of takeover is the ability for Blackberry and the consortium to reinvent the company without public scrutiny. It appears that the end game is going to be whether Blackberry can emerge as a niche supplier of highly-secured phones to enterprise customers and governments." Ben Wood, chief of research at CCS Insight, also said that a deal with Fairfax would give Blackberry breathing space to assess its strategic options. "Early indications suggest a retrenchment to the business market. Wider structural changes such as spinning off Blackberry Messenger and cutting back on hardware are also likely be carefu
9600 staff.... shedding 40% staff and shares suspended - not coping at RIM sadly. They have no debt.... and cash in bank Now - how many staff have these boys got? 13,000? Debt of what 2.3BN and no banks willing to refinance.... suggests to me why its complete wipe out! However - I also think the new chaps SOROS and Co will be slicing the headcount from 13,000.....dread to think of the payroll bill. Suprised Mike hasnt been more aggressive on this front. would do well to follow RIMs 40% model from 13,000 to say 4700-5000 staff. Do the maths - and it makes sense. Perhaps if you stay in you can push for it // but im sure Soros will be anyway to get his cash back quicker! and wipe debt whilst feasible. GL SHG
well I say book - more the case it is the size of an office note book - adverts too small to read without a magnifying glass...! and about 1cm thick... yes 1cm....! .... kind of a barometer on paid advertising in a printed directory format in a recession and big competition from online google etc
i think the costs of write down - and the 13000 staff bill, exceptional costs and all - and no bank will to refinance - leads to one result - shut up shop.... and lose all 13000 jobs, or have someone willing and able to pay the banks bank and take the keys. Welcome on stage Soros and Co. Why did no shareholders pipe up at any AGMS? re remuneration? and strategy and all? Just a question ...! As too little too late springs to mind - the warnings to shareholders were there in all the RNSs - were they not? My advice is to be careful throwing more money after bad on this putting up a fight - - print is dead. Dead. The digital is not covering costs - and I expect now with new owners that the unionised environment will be a thing of the past for staff. min statutory redundancies, and cost cutting will commence in an aggressive manner to reduce operating costs. 13,000 staff? Compare that headcount to equivalent business of this size in sector. Time to make efficiency savings. As for shareholders - well good luck. It is only suspended.... but the agreement was if shareholders get a bean the deal is off. And sounds like the deal has gone through now? banks been paid down and out the equation. ALL IMHO. Hibu is not a bank lol it is a very distressed business in a very competitive market trying to keep its head above water - and the debt was too big against plummeting revenues. Can I as why no one read the RNSs or sold out? all the warning signs were there for those gambling on the sidelines of the business performance. GL tho with your endeavours.
http://www.independent.co.uk/news/business/news/exclusive-yellow-pages-investors-accuse-board-of-dereliction-of-duty-8810343.html Still reckon a head count of 12-13,000 is twice as many as it should be - half it and make the remaining work twice as hard / merge role. Easy. The wage bill is enormous and must be addressed Mr Pocock - add to the bottom line - obvious really - no choice.
I note Cbbc and co celebrating 700m shares in their group. No mean feat that. The mms did a good job getting em off their / brokers books. ! But for value ....£1700 is 1M. So £17k buys 100M so £119K would allow a pay out of 0.17p to those registered (closing price). Now go back to the early bonus payments of gross £3k per head for 12/13000 staff. £39M paid. So one can kind of guess where in the pecking order those gambling on the side lines are in the queue. A real shame the group didnt get involved when acquiring the Spanish operation etc and on remuneration and strategy and all sorts. The passion and interest and determination and innovation from those I've read on the discussion Boards is indeed better than many of the organisation's employees. ! With customer count under 1M and on last indication Falling at 10 % a year - plus arpa falling with it (average revenue per advertiser) then the new owners one would expect will be ensuring employee head count is carved off on a curve ahead of customer churn rate. If any business is haemoraging customer accounts as per figures suggests then simple maths lends that the biggest overheads / workers need cutting back at a more aggressive rate ....15% per annum ie 2000 head count reduction - until such time the business turns around / but reducing such overheads and sharing reduced work loads will turn it around. Common business sense. Good luck shareholder group. Perhaps ironically you formed a little too late - when you could have infact steered the direction of this and never allowed it to get in an untenable position. If soros and co hadnt rescued it - the business could not have limped along (albeit awarding big discretionary bonuses) And would be shutting up shop. So it's great for the remaining employee base (burgeoning almost as much as the debt pile!) Enjoy the sun. And the beer. Final throws of summer.
Correct me if I'm wrong .... But an error to the tune of 300% to the upside. Last I was aware - the organisation had 1 million and losing 100,000 customers per annum .... Ie 273 accounts per day. dYOR. http://www.getreading.co.uk/news/business/shareholders-hit-out-hibu-plans-5760056
Anyone missed the elephant in the room? Temporary whilst calorific action gained on the company's financial position. Clarification that is meant to read. iPhone predicted calorific action. ! So ..... Anyone rang up the company here? Or do you prefer talking to strangers / relying on bazza of carrow a. I suggest if there's still an investor relations team then there's some life here yet. However the contrary is also true. Note how the final rns issued was amended with a corrected error in. A classic.
Thnx. Useful site. Thanks
Is that a joke? :D
Perhaps credit me next time as a number of times I've seen you lift my breaking news info! Anyway. Correct me if I'm wrong. But. Weren't Goldman Sachs heavily shorting this?! They will have made hundreds if millions doing that. They were on the non exec board ...... I remember reading that as when mike joined he correctly booted the chap. So in theory that gain has then given the net perfect trade for Goldman - the take over of the business - short and curlies springs to mind on that one .....! Beer time.
What's not true. I'm talking even 3k gross. Ie 2k net. What aspect aint true there. All I'm saying is if the bottom line is so tight. Withold discretionary bonuses. Easy. Basic business sense that. Staff dont like it? They can seek alternative employment - it's time this was run more as a business..... ! Anyway. Leave it it Goldman and soros. See what strategy on cost cutting they have. I can think of plenty.
And out again. Kind of demonstrates the huge task ahead here. And they ain't the ones in a burgeoning debt pile ! Thomson Local directory firm goes into administration 3 hours ago Thomson Local has been operating for more than 25 years About 170 people have been made redundant after Thomson Local, which produces business directories, went into administration. Staff were summoned to the firm's headquarters in Farnborough, Hampshire, where they were told the news. Database specialists Corporate Media Partners has since bought out the firm saving about 340 jobs. All products and services purchased from Thomson Local will continue, a message on its website said. As part of the deal, the firm's printed directories and digital products will remain. According to its website, Thomson Local has been operating for more than 25 years with 174 editions of its directory delivered to more than 22 million homes each year. It has 10 regional sales offices throughout the UK but details of where the job losses will be felt have not been revealed. Thomson Directories was the UK subsidiary of the cash-strapped Italian yellow pages company Seat Pagine Gialle. Share this story About sharing Email Facebook Twitter Related Internet links Thomson Local The BBC is not responsible for the content of external Internet sites More Hampshire & Isle of Wight stories Firm fined over 30ft instructor fall 13 minutes ago Driver bailed over M27 death crash 7 hours ago Surfers wade into wind farm debate 15 August 2013 Features & Analysis What lies beneath Bodies under Bath Abbey threaten its stability Road tax myth Do motorists or cyclists pay more for the roads? Epic challenge Forty marathons in 40 days ... on no legs One Direction Uncut Boyband disarm documentary-maker Morgan Spurlock 3:42 Vanity vinyl The weird and wonderful world of homemade records Viewpoints How might Romanian and Bulgarian immigration affect UK? Death of the drive-in? Why changing technology threatens classic US night out Drug mules Is Ibiza doing enough to improve its drug controls?
Its ya saviour. Oh - its XMAS party planning soon....! Don't imagine that will be cancelled - you? A little bird told me not long ago they were desperate to spend their xmas budget from last year which was not used up! and I am talking a MARCH PARTY...! Not Dec. lol HO HO HO. Kind of demonstrates Governance Excellence to me!!!! SANTA.
campaign happen? add that say a conservative average BONUS awarded early to the staff of eg £3K per head x 13,000... and that is £39M plus £60M = £99M. Thats another £100M saved. Whats that 2.3P to those who saved this company as a thanks. Doable? Depends which corner of the boxing ring you sit in. If staff - NO. If Creditors NO. If shareholders.. YES. Staff and all 1st at the trough closley followed by LENDERS. Now the LENDERS have been bought out by SOROS - all shorts closed ahead of the announcement - a killing was made.
out of interest - cos if so - then yes it should have been a lever that was pulled and tested. I just cannot see the majority supporting another RI here. /PLacement - call it what you will. Think Soros and co now taken a big gamble.. ! Interesting one tho!
shreholders too the option to wipe the £660M - no one forced em in at 42p. it was an option price. Think as the results show - this is the only option bar shut up shop. I just am saying i think you will need more than some website by Ceebsy to alter this one - unless you have £800M or so rescue it? more shares? cant see it tenable in this climate. Jobs? 13,000 or them - yes. ! important for ever single one and family being supported.
Oh it does!