Logica Share Discussion Threads

[babybear] 06/6/2012 11:25

Is there a window for counter-bids on this pig, board has endorsed 105 but its not gone through yet - RNS is just useless to sift out what it means

[a0502162] 03/6/2012 16:57

I don't think much of Green or others like him either. But it's because the British are normally so complacent is perhaps why these guys get away with it time and time again.

The other point is one I made in a posting some time ago................about the charity, shelter I believe it's called, who Green is heavily associated with and guess who else happens to be associated with the same charity.................an ex boss of LOG, who the shareholders got rid of......allegedly.....obviously just coincidence and nothing untoward.

Don't know why I even mentioned it.

I mean if it was it would be what's called a sh*fting.

[exlogicalad] 03/6/2012 13:03

Rob..whatever flak you get from some on this site, you have been right about Andrew Green.

I would wager that 99% of Logica employees would agree with you. I was out last night with some friends, three who still work for Logica and although they hope to keep their jobs, none rate Andrew Green as anything more than a dithering chancer who has feathered his own and his cronies nests while treating the workforce and the long suffering shareholders with contempt.

It appears that Andrew Green's leaving package is mega, with bonuses and all the extras he is getting £7m plus. The bid price is well below the share price on the day Green was employed, so it is high reward for being a total failure. The major shareholder who can stop him getting rewarded, should damn well do it.

If Andrew Green had never become CEO of Logica, a very bad decision by those who we now know, rue the day they ever set eyes on Green. If only they had kept the company being run by Jim McKenna we may now be looking at Logica as a success rather than a shambles and bombed out wreck.

Jim McKenna is a man who has more knowledge, acumen and ability than the lightweight Andrew Green will ever have, he was streets ahead of Green in every way. What could have been, if only they had taken some notice of the Logica employees in 2008.

[robwt] 03/6/2012 10:34

A0..there have been thousands of British winners. I don't see your critique.

The post is about Andrew 'Mr Bean' Green and reward for failure. My post has nothing to do with any of the people you name. There are loads of British winners who have run very successful companies, Branson, Dyson, Sorrell, Mike Lynch, Caldwell the list of british winners is endless.

My disgust is aimed at Andrew Green and the way he mismanaged Logica and lost billions for shareholders. Green is bad and the people who employed him worse. He lost billions at BT, yet the buffoons made him CEO of Logica.

It has nothing to do with us Brits knocking anybody. I do not know what country you come from, but I am proud to be British and certainly have nothing against Tim Henman or Frank Bruno, although not great, they did their best and certainly were not losers. They both won more times than they lost.

Andrew Green is a proven 'jonah' who should never have been a CEO, Green lost billions for the shareholders of two major FTSE companies and walks off with millions. That is my gripe..end of subject!!!!!!

[a0502162] 03/6/2012 08:19

But it proves my point Rob,...............you and others can't stand a British success.................I could also have said Richard Branson........another success who is constantly Knocked..................Why are all your heros, as you put it, yanks??

The analogy was losers..............of, in what ever, admit it you love them........................makes you feel better about yourself...........right!

[robwt] 02/6/2012 23:22

A0...If it bores, don't read it. LOL...if Alan Sugar is your hero, good luck to you, you will need it. Don't put Sugar in some top division, his head is bigger than yours and he ain't a Steve Jobs, Bill Gates or Michael Dell...Bernie Madoff would be nearer the mark.

Logica's CEO isn't in sport and Frank Bruno or Tim Henman aren't public companies, so the analogy you make is flawed.

[a0502162] 02/6/2012 16:41

Rob,
I'm quiet sure he will soon get over any guilt complex very quickly, so Rob, don't worry.
I just wish you would get over it.........you're starting to sound a tad boring.

Having said that..............it does seem to be a rather British thing this "backing the loser" ...............take Frank Bruno, Tim Hendman and a host of others. But someone who is brilliant.................you'll all try and knock the sod down no matter what................Alan Sugar.........had to put up with for years..........................crazy..............but that's why these people are allowed to get a away with reward for failure.....................it's built into the system...and be honest you love it really!!..................Glad I left for a life of reward for hard work and risk.

So Moving on...............I wonder what's in store next week.

[a0502162] 01/6/2012 09:51

jacko.................if you're making so much money why are you so bitter and angry??

Penny shares, footsie 100 shares, they're all the same..........................up and down lets say 4% gain 4% down...........every day, easy.............just open your eyes and check the charts out................if you are at all bright you might even see what I mean....................if you can keep an open mind that is.

[jacko07] 01/6/2012 09:22

A0502162, I think it is called stock watching and taking no notice of windbags who constantly blow their own trumpets. I bought on the lows and accumulated the stock. A bid at these prices was a good opportunity for a few of Logica's peers, I thought it would be IBM or Infosys and was surprised it came from a smaller Canadian outfit.

My profits are none of your business, you nosey parker. Let us just say, you would like to have made them and they are substansial. I read all your posts and they are full of how clever you think you are. You are just jealous because you are losing money, as you possibly are an old bloke with a couple of grand in penny shares, you should keep quiet.

[a0502162] 01/6/2012 07:33

Jacko read my posts........I predicted the fall long before it happened......................also who would pay for a company than they need to.....................hence low bid...............It's not rocket science son.

76% profit..........is exactly what??..................A percentage means nothing??

Plus.........I wasn't even holding this.................too risky so well done to anyone who just bought in as it was so low and stole something back.

If I was you jacko I'd retire on your profits and put your feet up.......before the stress gets you down.

[imastu pidgitaswell] 31/5/2012 16:34

I'm fairly sure Green will be off, but with a very handsome pay-off, and will claim to have been a success - reputation intact, and will pitch up at some other vaguely IT-related FTSE company, ready to do it all again.

[exlogicalad] 31/5/2012 16:14

I posted a few weeks ago there were strange happenings at Logica and today we see a very low bid for the company. Staff at Logica are very fearful for their jobs. It is true what ROBWT has posted, Green is loathed and looked upon as a ridiculous excuse for a CEO.

It seems true that shorters have knocked 40% off the share price in seven weeks, so it really does look like insider trading.

Many analysts and experts are saying it is too cheap and there could be counter offers. Whatever, it has all been agreed by Green and his board, so doubtless they will be still employed much to the disgust of the real workers.

Nevertheless, Morland says that the bid "does seem somewhat opportunistic" seeing as though Logica was trading over 100p as recently as March.

[skinny] 31/5/2012 14:23

This is from December 2000 (as CMG before the LOG takeover) after their earlier peak in the mid £20s - some things don't change.


STOCKWATCH: CMG leads fallers after 'cautious' analyst briefings14/12/2000 12:09:24

LONDON (AFX) - Shares in CMG PLC were leading the top-line fallers following
cautious briefings from the company to analysts which gave general guidance on
the company's full-year results due February. At 12.00 pm, shares were down 107 pence at 888. "It was a cautious statement. People always look for CMG to be materially
above expectations, and I just don't think we'll get that," Lehman Brothers'
Glyn Lloyd commented. He expects full-year pretax numbers to come within the market consensus of
110-123 mln stg, but does not expect to see any massive upside or massive
downside. "I'm not sure where the median is, so while they're coming within the range
it's still uncertain whether that will be slightly above or slightly below,"
Lloyd added. Other analysts also commented that the company's decision to defer its
results to the end of February was causing concern. Some speculated that the
company may want to see as much as it can of the first quarter before providing
an outlook statement. Today's falls mean CMG shares are trading at a price earnings growth ratio
of around 1.4. "Given that multiple and growth, it does factor in everything they are going
to do, so it's probably is trading at around the right level," Lloyd said. "Even if shares do recover from here, I'd expect them to come right back to
these levels come February, when forecasts will probably come down." CMG's guidance for its telecoms division suggested it will be on a sub-25
pct margin, meaning margins have deteriorated for the last three halves. Lloyd added that, although no specific guidance was give, he suspects
top-line growth "will be double rather than triple digit". "Benelux is coming through, but attrition is slightly raised from 13 to 15
pct -- still above the industry, but a tighter labour market means that has to
be watched," he continued. Admiral, CMG's 1.4 bln stg acquisition completed in April, continues to
perform below expectations with a 30 pct attrition rate, analysts said, while
the French division will produce a loss rather than break-even expected, and
Germany will be slightly below estimates. Both analysts attending the briefings -- Lehman Brothers and Merrill Lynch
-- kept recommendations and forecasts unchanged, with Lehman's stance staying at
'outperform' and Merrill recommending a 'buy'. However, Lloyd said he was recommending investors switch to Logica, which
has outperformed the sector on both an annual and three-month basis. He also retained a negative outlook on the short-term prospects of the
sector. "We're going into a number of results in the first quarter which are not
going to be fantastic because of a downturn in the sector overall," he said. "Besides Logica we'd not be aggressively recommending very much, to be
honest."

[ihavenoclue] 31/5/2012 13:26

london calling ... so you think the dot com boom was fair value ? LMFAO

[hvs] 31/5/2012 13:15

There will be plenty of payouts for mismanagers here.

No wonder they did the DEAL, sell shareholders down the DRAIN when u cannot manage the business.

[london calling] 31/5/2012 13:09

A sad end to a company which once commanded a share price of over £20 at the peak

[a0502162] 31/5/2012 09:33

So, I guess this is goodbye Rob?