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Goodwin Share Discussion Threads
Showing 1401 to 1424 of 1425 messages
|Just in from work and checked my shares to see an RNS with what looks like a batch of director buying. Is that correct?
I've been holding a long time wating for these to rally and have them down as doing all right from the weak pound but it hasn't affected the share price yet.|
|The year's high today strangely.|
|My issue is simply that Base Salary implies a level of performance, any gravy on top needs to be a response to the competitive landscape, I cannot see that they are at risk of losing key staff , especially as many are family members, the whole thing left me feeling that I'd misjudged the company ethos & that they were less ethical than I'd hoped|
|Unfortunately I don't find your calculation very easy to follow, which is probably my fault.
But if I understand you correctly they have to deliver nearly 15% share price growth a year from here in order to create 8% of extra shares.
This is surely beneficial to me as a holder. I don't care whether it is also disproportionately beneficial to them, especially as they have contributed to the growth whereas I have just sat at my screen wondering when the price is going to move up again.|
|They award themselver 8% extra new shares if they can create 8/0,05 = 160% extra TSR from 2009.
Share price 30 april 2009 : 922p
TSR at 166,09 on 30 april 2016 : 922 x 2,6609 = 2.453p
TSR for 8% extra shares : 166.09+160 = 326.09%
TSR 326,09% on 30 april 2019 : 922 x 4,2609 = 3.928,5p
TSR from 30 april 2016 to 2019 : 3928,5/ 2453 = 1,6015 = 60%
But TSR from 30 april 2016 to now is already : 2200sp + 42,35p divi = 2245,35 - 1925 = 320,35p.
So starting price x TSR on 30 april 2016 : 2453 +320,35 = 2773,35p at the moment of AGM.
TSR left to realise in order to create the 8% extra shares : 3928,5/ 2773,35 =41,65% in 2,5 years time, this is an annualised return of 14,9%/year.
Stated otherwise : if they create 7200000 x (3928,5-2773) = 83.196.000£ of value, they pocket 576.000 x 3928,5 = 22.625.000£, or about 27,2% of the value created, on top of their salary.
I invite everyone to evaluate my calculation and make remarks.|
|Massive spike before close of 14% after 4000-odd shares bought.
I know these are thinly traded but that's bizarre.|
|Companies with greedy venal Directors are best avoided. I'm crossing this one of my list. Reminds me of that POS Elektron.|
|If the directors who will benefit already own most of the shares, should they be voting ?|
|richard beddard iii has the Proposed LTIP as a scheme for transferring stakes in the company to the next generation but nevertheless at the expense of minority holders making 'his blood boil' see iii.|
|If they bump up the Ltip they are less reliant on dividends so any cut would not hurt them as much.|
|yes these LTIPs are rubbish- they steal the company from the owners shareholders, give the managers perverse short-term incentives and are triggered more often by fortuitous macroeconomic circumstances rather than shrewd management; in the case of Goodwin the family already has an enormous stake in the business so should not need any further incentive and the LTIP benefits are more likely to be triggered only by a decent recovery in energy prices something over which management has no control.
Having said that, the Directors' remuneration has hitherto been remarkably good value for the other shareholder owners considering the record and size of the company.|
|Have not read the article, but agree with you.
Employees, irrespective of whether they are Owners or Directors, should already be doing their very best for the company.
If not, should the Company not release them from service ?|
|having read neil Collins' column in the Ft this weekend, i'm voting against the proposed Ltip for what my minimal holding is worth|
|I've been in Goodwin in a smallish way alongside Mr Ridley since it was trading in shillings and pence.
The attraction at the time was assets not revalued since Queen Victoria's reign.
Mr Ridley, who I assume is a private investor, seems to have spotted this one well before Jim Slater.
He deserves congratulations not only for his perseverance here but also at his other great success, Dewhurst plc (DWH), also up from pennies to pounds per share.
Anyone know the guy or what else is in his portfolio ?|
|would be an ideal investment were it on AIM and eligible for IHT relief and the only other concern is the possibility of competition from additive manufacturing for their powder castings business; according to the Finns, they have taken over NRPL for their EASAT subsidiary.|
|Thanks. Well done on that -its always good to hear of a big success story.|
|Thanks kneecaps. Did you build up by buying in the market or inherit? It's a very big position to hold. Every £1 rise will plenty to your fortune.|
|Yes Meijiman I really think they should be over 25 pounds and yes I have been buying today and Trigger I have never been offered a seat either but I am sure they can manage very well without me and I hope you will be in profit soon!|
|I have 100 shares, I'm not expecting to be offered a seat on the board anytime soon. My first aim is to get back to breakeven :-)|
|Wow that's a big holding indeed. Do you think it worth buying -I assume you do!|
|Good news from Goodwin today with results not as bad as the doom and gloom predicted on here by a couple of muppets.The orders are up and next year forecast to be better so surely the dividend is safe and my purchases the last 3 months will soon look very good indeed and i am proud to own 7% of this very well run company.|
Your last comment regarding extended family just
goes to prove the point to much family involvement
here, okay for a small business but not this size.
It will not help further down the line.
|tanners - agreed especially as family controlled and VERY illiquid - Times is very tough and - subject to who is talking - O&G unlikely to bounce - Some (FT today) are even talking the new nomal as between $10 and $30 bbl.
Unless family buy to hold the price then you might well (imo) see your target or below - Although still potentially good dividend cover if half 2 is worse than half 1 then it might be prudent to cut the dividend - unless the extended family need dividend income (imo)
Back on the side.|