Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Final ex-dividend date - Feb 22nd 2024
Final dividend payment date - March 20th 2024
Interim Results - 8th May 2024
Other diary info available under 'VMUK Financial Diary' option above. Hope this helps.
"An influential adviser hit out at a £2.6m package for its chief executive, David Duffy, saying it was “not appropriate” compared with the bank’s average employee.
Pensions and Investment Research Consultants (Pirc), which advises shareholders including UK local authority pension funds, also raised concerns over what it said was “a lack of board-level accountability for sustainability issues” at Britain’s sixth largest lender.
Pirc is urging investors to vote against two resolutions at Virgin Money’s AGM on 1 March, when the lender will ask for backing for its annual report and pay report. The pay report explains how a dedicated committee of board members decided on the final payouts for bosses, based on their performance over the last financial year.
The shareholder adviser said it was concerned over the level of Duffy’s package, which includes a £331,000 bonus, and is 37 times higher than the average Virgin Money worker, who earns £71,804 a year"
Furthermore, the ratio of CEO pay compared to that of the average employee exceeds the recommended limit of 20:1 and is therefore not considered appropriate according to Pirc.
"Median pay figures – which calculate the mid-point of the range of salaries at the bank – suggest an even larger gap. According to Virgin Money’s annual report, the chief executive’s total payout was 66 times that of the £40,254 earned by the median employee.
The Pirc report comes after Virgin Money revealed a 42% drop in annual pre-tax profits in November, as it was forced to put aside £309m to protect itself against potential defaults"
https://www.theguardian.com/business/2024/feb/14/virgin-money-faces-investor-backlash-over-ceo-david-duffys-26m-pay-deal
Mr A,
So good to hear from you my dear friend although very sorry for your loss and the sadness you and your wife are going through. My thoughts are with you at this time. Also pleased so many have taken the time to post supportive messages that show how much we all care about you and how highly you're thought of on this board.
Been laid up in bed for the last few days with a kidney infection so haven't looked at LSE since last Friday. Will post again when I'm feeling a bit better. In the meantime, small steps my friend.
Take care and all the very best,
saurus
Morning Mr A,
haven't heard from you in a while and there's no activity showing on your comment history since January. Hope you read this message and things are OK your end. You have always been a good friend to this board - posting research; sharing knowledge and played a large part in helping to shape it into a friendly and positive experience for everyone.
It's not often I develop a friendship with other posters but I miss you and your timely guidance ... I'm sure many regular posters/readers do as well. Notwithstanding Barclay's latest shenanigans, your input is needed more than ever so let's be seeing you.
Take care,
saurus
With respect, this isn't a slight error, or an unfortunate accident. Barclay's has had to pay billions in fines and compensation as a result of serious, extensive and prolonged wrongdoing and poor risk management of complex financial instruments.
There are a lot of experienced investors on this board who know this share inside out. One only needs to read a selection of their comments/views of longs and look at a chart to understand there's no evidence Barclay's share price has ever fully recovered from the reputational damage despite posting increased profits.
Morning everyone,
Well it's definitely not a good look for recently appointed Chief Executive C. S. Venkatakrishnan who was in charge of risk management at the time the paperwork was filed on Barclay's latest screw up and it certainly raises questions about overall risk management of complex financial instruments and derivatives.
We'll have to wait and see how this pans out but it's a worrying and serious development especially as it took a year to detect and is likely to cause immense reputational damage to Barclay's especially bearing in mind it's last venture into investment banking didn't end well. My main concern is that large institutional investors don't now reduce their holdings causing further share price falls.
Best wishes,
saurus
This is another major screw up but no doubt senior management contracts will be framed in such a way as making bonus clawback extremely difficult!
Barclays has a long history of iffy decision making, risk taking and incompetence because it chooses to adopt a ruthless culture and as a result has had to pay large fines, provide compensation and other penalties and suffered reputational damage for all kinds of wrong doing. The cost of which is always borne by shareholders.
Just be aware:
Ethisphere has been criticised for its business model and obvious conflict of interest as it's a for-profit company where companies around the world pay for an assessment and positive publicity. It's not based on a detailed assessment involving site visits with union or employee participation and continued oversight involved similar to what would be expected under a Quality Assurance scheme. Ethisphere simply assess companies based on self-reported data and a survey.
As far as I can tell, it's akin to PR flimflam where Fresnillo basically paid for it's own award via a questionnaire. Companies previously rated "most ethical" by Ethisphere in the past include Eastman Chemical and Blue Shield of California, despite the involvement of both in major public scandals at the time.
Source:
Online research
Morning Shareminator,
Unfortunately, it's not possible to access above article without a subscription. Appreciate it if you could either copy and paste the article or provide a short summary.
Thanks,
saurus
@M_Night
Yet a quick scan of your posting history reveals:
- 596 posts since you became a member in Feb 2021 yet until now none about Fres
- your history and posting style can best be described as being one where you pump shares and encourage others to do the same
- you've been accused of pumping several times which you acknowledge
It would be helpful if you provided reasons and supporting evidence for your view point. Especially given last weeks positive results followed by director dealing notification that four non-executive directors have bought additional shares.
Simply posting a one-line comment saying you think a particular stock SP will fall and then claiming credit if it does isn't analysis, neither is it credible.