Member Info for ms_moneypenny

Since its formation in 1905, the predominant colour has been "Yellow", however, recently some of the vehicles have been spotted with a Rainbow Paint Scheme running down the side and on the back doors and bonnet of the vehicles. Don't be alarmed because some of the fleet have been treated to a splash of colour as part of the AA's partnership with Pride of London which it is sponsoring for the event on Saturday 7 July and to promote to the LGBT+ community that it is the breakdown company for them.

Looks like the focus has changed and it's pouring resources and energy into WideAcademy, its 100% owned education and training division. The board appointment of Alan Greenberg, former director of education at Apple, as non-executive director of WideCells Group and senior vice president of WideAcademy, as well as a recent Placing has refocused the company. Joining Alan Greenberg would be Jimmy Leach as editor-in-chief to WideAcademy who described by the board as "an experienced digital consultant" who had previously been head of digital diplomacy at the Foreign and Commonwealth Office, editorial director for digital at The Independent, head of digital communications at Downing Street, and executive editor for The Guardian online. Further key appointments, including a vice president of education and a vice president of enterprise are in process. See also Totally (TLY) & Venn Life Sciences (VENN)

Over 60% of the shares are held by family members with Michael Chadwick holding around 18%. An over priced takeover of a poorly performing rival (ESE) has made things worse. Valuation of the freehold property at Baildon was �1.22m lower than on balance sheet Pension scheme deficit is still around �8.6m and during 2017, the Company made no deficit reduction payments. Overheads are still too high Margins are still low Share price should be around 40p to reflect the above

The aerosol business has �deteriorated� in recent years, and 117 jobs could go in Hull if it closes in Spring 2019. The group�s half year results statement in February 2018 indicated that restoring the performance of the PCA division was a top priority but with high debt it's going to take around 18 months to break even.

Increased loans to support its early stage joint venture vet partners still will weigh on free cash flow and vets joint ventures are struggling to reach profitability (see also PVG) Having taken this into account it is fairly reflected in the share price around 130p

Old Mutual revealed that the spin-off and initial public offer of its Quilter arm would be priced at 125p to 155p per share. The Anglo-South African group is looking to float up to 9.6% of Quilter shares, plus a possible over-allotment option of up another 9.5%. Final confirmation of the offer price is expected to be announced on or about 25 June. Formerly known as Old Mutual Wealth Management until rebranding last year, Quilter was recently revealed by its FTSE 100-listed parent to have grown net client cash flow 14% in the first quarter to �1.6bn, with assets under management down 2% to �111.6bn, as negative market movements were partially offset by the strong cash flow. Quilter is in the process of rebuilding its online platform and, along with five other closed book life assurance peers, is being investigated by the Financial Conduct Authority, principally around the appropriateness of certain charges levied on long standing customer products. Quilter has already voluntarily provided for some compensation, but the FCA has not yet made a final decision.

Richard Stephen Mully, Non-executive Director Acquired 10000 Shares at 349p/share on 8th June Settlement of an accelerated bookbuilt offering by way of a placing to institutional investors of 97,678,570 existing ordinary shares in Standard Life Aberdeen on behalf of Lloyds Banking Group. The Placing Shares represent approximately 3.3% of SLA's issued share capital. to take place on 12 June 2018.

If it goes down to 70p, then the two bids from Apollo Global Management might have a third bid ?

Did you know Passengers are entitled to claim if the last train of the night is cancelled and they have to get a taxi instead ?

missthepenny62 - Apologies... the Live Market Bookbuild ('the 'Bookbuild'), which commenced on 10 May 2018, has now closed and has received commitments to raise a further �513,000. Pursuant to the he Group's Placing, which was announced on 10 May 2018 with an update announced on 5 June 2018, the Group has accordingly received commitments representing a total of �2.036 million (gross), including the �513,000 committed under the Bookbuild. Directors of the Group have participated in the Bookbuild, collectively subscribing for 6,100,001 Placing Shares at 3 pence per share for a total of �183,000 out of the �513,000 committed. The net proceeds of the Placing will be used to expand the Group's core end-to-end stem cell services as it looks to build its revenue profile.

missthepenny62 - Am I missing something ? As announced on 5 June 2018, the Group has received placing commitments for gross proceeds of at least �1.8 million (the 'Placing') and has released its audited results for the year ended 31 December 2017. The Directors have calculated that the Group needs to raise a minimum of �1.5 million to enable the Group to continue to operate as a going concern. Completion of the Placing will satisfy the working capital requirements of the Group. The Directors anticipate that completion of the Placing will take place before the end of June 2018, in line with the Group's announcement on 10 May 2018. Should the Placing not complete in accordance with its terms by 29 June 2018, or alternative funding found, the Group would not be able to continue trading as a going concern and would be obliged to cease operations which could include administration, receivership, liquidation or other insolvency proceedings.

Smart homes solutions provider LightwaveRF reshuffled its board after Andrew Pearson has stepped down from his role as chief executive and left the company. Pearson has been replaced by chief financial officer Kevin Edwards who will hold the role in the interim before Onzo Ltd's chief sales officer Jason Elliott joins as permanent chief executive in mid-September. Elliott has gained firsthand experience with smart home solutions through his work with Onzo, which provides energy data analytics to major utilities. Previously, Elliott was divisional managing director at safety management software firm SafetyBank, held senior sales roles at Azzurri Communications Limited and served as an engineer in the Royal Navy Submarine Service.

Nasstar sells cloud-computing hosting services to small and medium-sized enterprises (SMEs). These SMEs understand the case for cloud versus on-premise IT, but don�t have the capacity to develop their own solutions in-house, or the clout to get good value from the very large IT providers offering cloud services. Nasstar, by contrast, offers a good option to the growing market of customers that want to develop cloud services. Cloud hosting, moreover, generates recurring revenues that give investors reassuring visibility of sales prospects. 89% of Nasstar PLC's revenues are contracted recurring revenues, under long term 3-5 year contracts, with customers invoiced in advance, creating a strong cash generation model. CANACCORD GENUITY GROUP INC have increased their holding to 11%

Labour MP Frank Field who chairs the work and pensions committee, said the pension fund shortfall should be the first priority for whoever takes over from departing boss Gavin Patterson. He or she should look at reducing the dividend payout to keep a grip on the pension deficit, which stands around �11.3 billion. Gavin Patterson failed to control BT�s pension shortfall, which has ballooned from �7 billion in 2014. BT promised last month to add �4.5 billion by 2020 to trim the shortfall, but refused to cut the dividend. Slashing the dividend would result in two things. a. The share price would drop.b. There would be a takeover, possibly hostile most likely from Deutcha Telecom. Mr Frank Ffield probably wants this to happen so he can buy shares as they are dumped to make money back and what about the Crown Guarantee? Would it transfer to the new owners or would it be 'triggered' meaning the government becomes responsible for the BT pension fund as BT would no longer exist? If the latter then it makes BT a good target as any new owner would get the company without the pension deficit upsetting Frank Field more.

Sports Direct owns 11 per cent of House of Fraser and has written off �11 million from the value of its stake in the stricken retailer. Ashley has already clashed with House of Fraser over its plans to cut the number of its outlets by more than half to just 26. He said the retailer had failed to give him information about the plans. Now he can offset the losses against tax ?

Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from Debenhams. Odey has staked a �17 million bet. Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.

Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from Lookers. Odey has staked a �2.5 million bet. Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.

Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from Berkeley Group. Odey has staked a �45 million bet. Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.

Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from Intu. Odey has staked a �40 million bet. Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.

Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from TalkTalk. Odey has staked a �7.5 million bet. Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.