You may be right for recent times and, indeed, the present, however I have the belief that the Great British Public has not only had enough of those corruptions and BS's but is determined to see the whole Nation cleaned up. This will take some time though maybe not as long as we might think and those in powerful positions will find that they have no alternative but to be honest and ethical. The recent Olympics have set the standard, we must expect EVERYONE to get the message.
Those of us who need their capital and have bailed out would be grateful to the BS if he will introduce some legislation to prevent this kind of corporate scam and retrospectively have our shareholdings returned on the promise of 'fair dealing'.
The banks would not be investing if they thought there was no value left in the company. That value was funded by shareholders. We have been coerced into taking £0.01 per share now or £0.00 after the meeting yet the management keep their jobs and have a 20% incentive to improve their performance and the banks take ownership of the company! Without some form of unification we have no way of seeeking a fairer outcome for shareholders. This is wrong and needs legislation to stop it happening in future similar instances. What was wrong with the banks taking a 'security' over the assets to protect their lending and join the shareholders in pressing the management to improve their performance?
Banks and Directors:- Tell you what, I will be happy to take back the 70,000 shares and hold them for the long term if you people get your heads together and do the honourable thing.
Is it not ironic that RBS should be one of, if not the main, bank taking up the equity of Mouchel? RBS could easily have recognised the shareholders in just the same way as HMG did when it bailed out the bank.
Yes, what else was there to do? Perhaps over the next year or three there will be some revisions of financial legislation, such as we have seen with the banks, and a new law will allow retrospective claims from shareholders who can be seen to have been shafted. One can dream!
When the Government bailed out RBS existing shareholders were left with their shares (worth about 10p each at the time) and the hope that at some time there might be some recovery. They were also left free to trade. What was so difficult in providing Mouchel shareholders with the same hope? At just 1p per share they are presently worthless so why not leave them alone? As one who has quite a substantial holding in both RBS and Mouchel I am perfectly happy that the two should be treated in the same FAIR way. OK it might take a few years but surely it would be better for shareholders to be kept in the loop?
OK, I understand, I am much the same. Only have a couple of k shares so not too much of a risk. Probably wouldn't add to this, prefer to spread to other similar, eg: RBS which is a safer bet but maybe a longer timescale for a real return.
Yes, I get that, but 450 down to 4.5 is the worst! How on Earth did Mouchel stay in business? Also, on your "hopefully", what expectation do you think we can pencil in for, say, six months?
Sure, agree, bought in a few weeks ago on a whim but haven't studied the history. Thought I would like to know a bit more to help decide my longer term strategy.