Member Info for Specky

Check investors in Gunsynd and Octogonal for similar stories

Sgtempco ltd

That would stand for Sarah Gow ( she seems competent at setting up companies and then leaving after 1-3 months)

https://find-and-update.company-information.service.gov.uk/company/16703583

Interesting to see Energy B changing its name on 8th June - smoke and mirrors anyone?

Great update - such a shame Vince wasn’t around to share the good news. RIP

Received my Ricca shares this morning through HL - they have gone into my ISA ( no par value)

Received from HL
We're still waiting for the Ricca shares to be made available before we can get these added to our clients accounts. We're monitoring the situation closely and we'll get these added to your account as soon as possible.

I hope this has been of assistance. If you have any other questions, please get back to me.

Merry Christmas and a Happy New Year!

Parvez Akhter
Hargreaves Lansdown

Taverham
Thanks for your observations - I am still pursuing but meeting resistance. I have even quoted the Ombudsman's ruling and rationale. It appears a game of attrition - still truth will out as they say.

Ps - needless to say HL consider the time to complain has now expired...

Like you I lost a small amount and flagged this with my brokers HL. I attach their recent response for others...and extend my best wishes to Taverham for keeping us all posted

“I am responding to your message of 13 January 2020 following the complaint you raised last year in respect of the Flybe Extraordinary General Meeting (EGM). You have referenced an Ombudsman decision regarding the EGM in which compensation was awarded – you feel this should be extended to you. Thank you for your continued patience while your recent comments have been considered.

I have reviewed your complaint in its entirety and feel it prudent to reiterate that the EGM did not meet our classification of a notifiable Corporate Action. We remain of the opinion that our actions were correct. The Board of Flybe did not make any suggestion to the terms of any such disposal or anything else that would have provided indication of the offer announced on 11 January 2019 - this is not something Hargreaves Lansdown could have foreseen. For an event to be categorised as a Corporate Action, at the time of the announced EGM there would have needed to be firm plans to dispose of the business; there was no such details on this occasion.

Whilst I mindful of your frustration at the events that transpired, I am satisfied that Hargreaves Lansdown has acted in line with its Corporate Action service. The outcome of the EGM was announced on 14 December 2018 and, at this time, the market value of the shares had increased. Had you wished to sell your shares at any point, following the announced results, the opportunity to do so was available to you. I am therefore unable to agree that Hargreaves Lansdown can be held accountable for your perceived financial loss.

The Ombudsman decision you have referenced was in relation to an individual’s complaint and was specific to the concerns they had raised and their circumstances. Hargreaves Lansdown is not bound to award this sum to every Flybe shareholder on our platform.

I am afraid it is not possible to disclose specific details of the complaint the Ombudsman reviewed. The complainant however found the matter distressing and raised concerns back in January 2019 immediately following announcement of the Scheme of Arrangement. Given their circumstances and how upset and strongly the client felt, compensation was awarded to resolve the matter.

I appreciate you contacted our offices about the EGM in January 2019, but having reviewed your message, there was no expression of distress or inconvenience caused as a result of our actions. On that basis I do not believe a payment of compensation is warranted.

I am mindful this may not represent the response you were hoping for, but trust it clarifies our position. Your right to refer your complaint to the Financial Ombudsman Service was outlined in our response of 5 February 2019 – you had six months from this date to contact them. I am afraid therefore the deadline to refer your complai

All seems a bit too coincidental as you say.

Yes but why not mention Stobart - seems a bit odd unless the BOD wanted to avoid a bidding war?

And certainly not Stobart again

Yes but the Board did not mention that they were in discussion with any other parties only Virgin. Is that significant?

Taverham Ok - but I would have thought the offer should have come from Wright BidCo at that stage as presumably none of the subsequent tie up between Virgin Stobart and DHL had supposedly been known. Virgin were still saying that they were considering their options in their statement on 19th Dec.

Any thoughts? Flybe Offer Disclosure Table dated 23rd November http://www.thetakeoverpanel.org.uk/new/disclosuretable/v3/disclosuretable.csv but Wright BidCo only changed its name to Connect Airways on 10th January. This means Connect Airways was not in existence at the time of the offer. What is that saying?

There are a couple of strands in play here. Firstly the role of the Brokers in my case (HL) and whether their approach ( non communication of matters) is deemed a responsible action for a broker given the fall out; and secondly the actions of the Flybe BOD and whether the fire sale was actually a pre-condition of the offer. I can follow up with HL directly through the Ombudsman and I guess it’s the SFO for the rest. I note that others are already well on the way in that regard. I won’t bored this board with further details suffice to GLA with your investments.

I may not have much history but I still lost money - just doing my bit.

It won’t rake the full text but hopefully you get the gist

Sorry in full this time I am writing further to your recent contact in relation to Flybe Group plc. Due to the nature of your comments this matter is being treated as a formal complaint and referred to me for investigation. I have reviewed your concerns and am pleased to provide our response. Without wishing to repeat information already addressed in the secure message from our Corporate Actions Team regarding the Flybe Group plc takeover, I feel it beneficial to address the specific concerns you have raised. I understand you are unhappy that Hargreaves Lansdown did not automatically contact shareholders regarding the Flybe Group EGM. However, in line with our terms of business we will not automatically notify shareholders of every AGM or EGM, unless the Meeting is being held to approve a notifiable Corporate Action. That being said, should you contact us, we will happily arrange attendance for you or vote on your behalf. I am sorry if you feel that Hargreaves Lansdown should have informed you of Flybe Group’s movement from the premium to standard segment, however we do not classify a transfer from a premium to a standard listing as a notifiable Corporate Action. As such, we would not ordinarily contact our clients to inform them of such events. Although I understand your disappointment, I must note that whilst the circular issued by Flybe in November referred to the above transfer making it easier for the Company to dispose of assets in the future, it made no suggestion as to the terms of any such disposal or anything else that would of provided prior indication of the offer announced on 11 January. I must stress that the formal offer document for the takeover has not been issued, and shareholders should still get the chance to vote on this takeover, once further details have been confirmed, we will then notify shareholders of your options. Whilst I understand your frustration at the impact of Flybe Group’s decision has had on your investment, I am satisfied that Hargreaves Lansdown have acted in line with the Corporate Action service we confirm we will provide and I hope we have demonstrated how. I trust the above clarifies our position. If you think that I have misunderstood anything about your complaint, or you would just find it helpful to go through my findings, please do not hesitate to contact me. I have attached a copy of our complaints procedures for your reference. However, if you are not satisfied with the outcome of your complaint and do not think that contacting me will help, you have the right to refer your complaint to the Financial Ombudsman Service, free of charge – but you must do so within six months of the date of this email. If you do not refer your complaint in time, the Ombudsman will not have our permission to consider your complaint and so will only be able to do so in very limited circumstances. For example, if the Ombudsman believes that the delay was as a result of exce

If this is helpful here is my most recent correspondence with HL The Dear I am writing further to your recent contact in relation to Flybe Group plc. Due to the nature of your comments this matter is being treated as a formal complaint and referred to me for investigation. I have reviewed your concerns and am pleased to provide our response. Without wishing to repeat information already addressed in the secure message from our Corporate Actions Team regarding the Flybe Group plc takeover, I feel it beneficial to address the specific concerns you have raised. I understand you are unhappy that Hargreaves Lansdown did not automatically contact shareholders regarding the Flybe Group EGM. However, in line with our terms of business we will not automatically notify shareholders of every AGM or EGM, unless the Meeting is being held to approve a notifiable Corporate Action. That being said, should you contact us, we will happily arrange attendance for you or vote on your behalf. I am sorry if you feel that Hargreaves Lansdown should have informed you of Flybe Group’s movement from the premium to standard segment, however we do not classify a transfer from a premium to a standard listing as a notifiable Corporate Action. As such, we would not ordinarily contact our clients to inform them of such events. Although I understand your disappointment, I must note that whilst the circular issued by Flybe in November referred to the above transfer making it easier for the Company to dispose of assets in the future, it made no suggestion as to the terms of any such disposal or anything else that would of provided prior indication of the offer announced on 11 January. I must stress that the formal offer document for the takeover has not been issued, and shareholders should still get the chance to vote on this takeover, once further details have been confirmed, we will then notify shareholders of your options. Whilst I understand your frustration at the impact of Flybe Group’s decision has had on your investment, I am satisfied that Hargreaves Lansdown have acted in line with the Corporate Action service we confirm we will provide and I hope we have demonstrated how. I trust the above clarifies our position. If you think that I have misunderstood anything about your complaint, or you would just find it helpful to go through my findings, please do not hesitate to contact me. I have attached a copy of our complaints procedures for your reference. However, if you are not satisfied with the outcome of your complaint and do not think that contacting me will help, you have the right to refer your complaint to the Financial Ombudsman Service, free of charge – but you must do so within six months of the date of this email. If you do not refer your complaint in time, the Ombudsman will not have our permission to consider your complaint and so will only be able to do so in very limited circumstances. For example, if the Om