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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lees Foods | LEE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 232.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 232.00 | 232.00 |
| Top Posts |
|---|
Posted at 25/5/2012 18:49 by stilton Each nominee must have more than one LEE holder. I thought the definition of a nominee account was that the shares are registered as held by the broker's account, but with beneficial ownership belonging to the account holder(s). Is it not therefore reasonable to assume that each nominee company would pass on votes as X shares for (including those who did not register a preference) and Y shares against as a consolidated figure? Not sure how that would be represented in the reporting. |
Posted at 25/5/2012 17:13 by isis I'm not a holder just interested in not seeing Shareholders getting a bad deal.They didn't even pay the dividend - very poor show. imo |
Posted at 17/5/2012 12:16 by davidosh A refreshing report of a company AGM yesterday and complete contrast to LEE and the Board attitude here......They have no intention of delisting and Mr Leek (chairman) said he was totally against such shennanigans. Nobody on the Board or external shareholders is interested in adopting such a route and Mr Leek said he wouldn't stay as Chairman should anything like that start to be seriously considered. To quote him "it's not fair to shareholders". Mmmm |
Posted at 16/5/2012 18:12 by isis Not paying a dividend is pure greed and nothing else.I know the Scots have a reputation for being mean but................. |
Posted at 16/5/2012 17:40 by isis rubstic - Do you know of any reason why the Directors would avoid speaking to shareholders or the press for that matter?Also do you not think that holders should be entitled to a dividend from last years profits?? |
Posted at 11/5/2012 18:09 by davidosh isis...Anything you can do to help the cause is much appreciated. This is not just about Lees and the cash grab as you put it...but also the ability that BoDs have to do this via SoAs if investors are asleep or not organised enough to block them.The directors clearly stated that the AIM listing valuation was very poor and did not provide a fair value for the company then had the nerve and brass cheek to offer 2.7% more minus the normal and expected dividend so actually a discount to the market price !! |
Posted at 08/5/2012 16:46 by davidosh No mention of a divi because they want to leave the market without paying one.The cost of being listed is allegedly £150k so in their eyes the PBT in a full year could be £1.3m on current growth. By the end of 2012 without this unwanted MBO there would have potentially been £3.5m (HMRC 500k still to be added) in the bank even after paying an 8p dividend ! An MBO at £5.6m is an absolute steal based on these results. Just look at the sensational H2 comparisons to the previous same half in 2010 .. PBT 2010...388k 2011...570k (almost 50% increase) EPS 2010...12.1p 2011...19.1p (58% improvement) CASH 2010...£1.02m 2011...£2.02m (£1m generated) The exit price here should be £8m plus for sure. |
Posted at 26/4/2012 14:15 by skyracer TIOGo into your account message box. Send a simple and courteous message (Re Selftrade letter regarding corporate action Lee Foods) saying you would like Selftrade to vote against the proposals on both the Blue and White Forms of Proxy on your behalf for your holding of nnn shares. See Lee RNS 19 April That should do the trick. Allow them a couple of days to confirm. |
Posted at 25/4/2012 18:09 by davidosh rubstic....It was an important board change...Raymond Miquel stepped down and his son Clive became CEO rather than just a director. Additionally Chris Greig, who recently died, came in as non exec Chairman. Everyone else kept their places so one in, one out.The strategy since has been fine but does not excuse the mentality that they can delist and simply stuff the shareholders ! There are responsibilities and fiduciary duties to being a plc director. I am personally not saying they should not have a chance to buyout the shareholders but the proceedure and bid should be done properly. Where is the external valuation ? Where is the involvement of an independent director acting for shareholders ? Why is the timing so convenient having lost the chairman and about to present the prelim results and give shareholders a dividend with a strong set of figures ? By all means take Lees off the market BUT offer a fair price ! Do you not want a higher price for your shares or is the valuation such that you would sell ALL your portfolio at an EV of 3.5 ?? The takeover panel have received tens of individual complaints on this one and if you are saying that Shore Capital are suggesting they will delist if they do not get their own way then that looks like another issue looming regarding the minority shareholders and their rights. |
Posted at 20/4/2012 16:27 by davidosh Beattie1....so you do not prefer a 100% return over two years or even holding longer term as this company is clearly on the growth and improving profit and dividend trend !What about an investor who bought a few weeks after you at £2.50 as it got to that price too ? He loses and has held nearly as long The fact is you saw the purchase as a punt ! I prefer to call all my holdings investments and I like to take a close interest in them and build them over a number of years. LEE is being stolen from me at far too low a price and many other private investors agree, as do external valuers, market commentators and even the advisors. The share price is even higher than £2.30 currently. If we allow this to happen here then it will move through the Aim small caps like a disease where other boards will see the low valuations as an excuse to jump the market at as low a premium as possible....A 2.7% premuium is LOW is it not ? Interesting headline today in the Herald... And so say all of us ! |
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