Member Info for Pinguser5

I really feel that this SR will determine the long term future of Colin. Once again, we seem to be waiting an age for one of the '10 interested parties to make a move of any kind.

I have given Colin benefit of doubt until recently but his skills lie in financial management not chief of this difficult project.

I fully appreciate that a number of things are beyond his control but his lack of 'personal investment' and non adherence to timescales does not fill me with confidence.

I was hoping to hold this investment beyond my last 3 years but the regular monotony of this share will see me move away at the first available opportunity.

Ping

Comfy. No, I'm just giving credit where it is due. Colin has at least responded to some shareholders.

As a long term holder though I just don't have any faith in Colin now. He is paid a fortune, but is not an industry expert and also has behaved amateurishly on a number of occasions (late night arguments with PI's on Twitter, looking and acting nervously doing interviews). He has argued that share performance should be judged over 12 months and that is what I am doing now. As the CEO his actions affect sentiment and the share price far more than anything else. We are the shareholders who own the company and I don't think I'm getting a good deal currently.

Finally, also wise to look closely into how much actual cash the CEO has invested himself - forget his share options - that should be a marketing tool to attract investment in itself.

In fairness to Colin, I do understand that he has started to reply to emails sent over last few days although not sure how reliable Twitter is as a source!

Hi All,

As a long term holder who does believe in the asset, I am unfortunately coming to the conclusion that Ast will not reach its potential with CH at the healm.

Not for the first time, we are waiting an eternity for a SR to take place & even though Colin continues to state that IPPC is not crucial, something is obviously delaying things. We are told that there are 10 interested parties, not one of which has made anything formal or i was lead to believe that this would be put to shareholders.

I have also never heard Colin acknowledge the pain being felt by investors or even reassure with his comments.He must be embarrassed by the share price but is never pushed on this during an interview.

Finally, it's been well documented that Colin's own personal share purchase is approx 1% of his salary - i am aware of his share options but his actions influence investors.

In my opinion, he is greatly overpaid for the role he carries out and he appears to lack awareness how his direct actions and comments have affected the share price and investor sentiment. AIMHO.

Ping

I echo the sentiments of the guys complaining about the lack of quality being posted on this bb recently (I hasten to add some people do make meaningful contributions and these are welcomed).

To the moaners...please next year make the effort to attend the AGM and voice your concerns or kindly email them to CH himself. I don't think the BOD read these comments anyway.

Nobody is more disappointed with the sp performance than myself but guys come on - there's lovely weather outside go and enjoy it with the family instead of spending your lives on here!!!

I will continue to hold until we have some meaningful news.

Ping

Jester i agree. I did first become concerned when we were told we didn't need finance & then following week a placing was done after hours?? I hate to criticise Colin but he's been at the healm when the co sp has dived. He knows more than us but I've just got the opinion now that he's happy to sit by & pick up his sakary. I don't buy this IPPC delay - i think he can apply far more pressure than he is doing. In any case the so performance is unacceptable.

If I was Colin...he carries influence. I would contact the British Environmental Minister & publicise this in every media form Ast have done all required & this has clearly been manipulated. They pay the CEO an awful lot of money & he should have some nouse to use some contacts. The majority of the retail investors that he reports to are sitting on a 50% loss!! He should be ashamed not answering safe questilns. Colin get a grip of the situation - i am not confident in your role any more!!

Last year to my amazement Colin got involved in late night Twitter discussions (how amateurish!) Where he advised one investor to go and invest in (can't remember who??) But someone on the FTSE as long delays in oil & has were commonplace. To someone else who criticised the sp performance in decline over a short period his words were 'I prefer to judge the share price over a 12 month period.' Based on that analysis & the performance of my investment i think he should step aside. His BOD affect the so not our opinions!

Although I will not be attending the forthcoming AGM, I would love the opportunity to put the following question to Colin... As the CEO, who now reports to a majority of retail investors, given the performance of the share price over the last 12 months, does Colin believe that he and his fellow board members can justify their salaries? We have had no feedback whatsoever on the fund managers conference that Colin presented to. I also am sceptical with how much pressure Ast are actually putting on the relevant departments to grant the IPPC permit. We have had one excuse after another and this should be brought to the attention of national media and particularly the relevant Environment Minister. It is fine Colin saying that we are undergoing a strategic review, but who knows if this will come to anything and he can continue to pick up his salary, irrespective of what occurs. I clearly remember an exchange he had with a disgruntled investor on Twitter last year when he asked for the share price to be judged over a 12 month period? I have been very supportive of the BOD up until now, but 'their actions' affect the share price and the current share performance is embarrassing to say the least. Colin should be challenged more than ever on the percentage of his annual salary that he has invested in shares - that sends a clear message to investors. I am now growing more disgruntled by the day!! Ping

That summary further strengthens my resolve to concentrate fully on the FTSE market in the future. We are not really dealing on a level playing field & fundamentals seem to matter little. My real problem with Ast and particularly the BOD is that their actions have played & major part in decline. Their own personal investment (excluding options) is woeful & given the share performance we can see why. Colin should be challenged on this again at the AGM with the fact that his actions influence potential investors. At the recent shareholder Tele conference I contacted Yellow Jersey & delivered a question to Colin asking specifically why investors should invest in the company & what sort of return on investment would he expect to see in both long & short term? I received no acknowledgement & the question was not asked. Furthermore, Colin recently presented to an audience of fund managers looking to attract investment. Again, we have had no feedback and Colin is accountable to get investors on board. While I appreciate the markets can be manipulated, the actions of management have great infkuence. All the best. Ping

Hi Monarch, Thank you for your efforts. I have 1.1 Million shares. Regards Ping