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|Software & Computer Services
Real-Time news about Logica (London Stock Exchange): 0 recent articles
|exlogicalad: 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.|
|london calling: A sad end to a company which once commanded a share price of over £20 at the peak|
|robwt: Don't you mean FURTHER down the tubes, since Green took over the share price has been doomed. I gave Green a fair chance and lost my shirt. He was useless at BT, he has been worse at Logica. Who employed this disaster prone plonker.
I am afraid Andrew Green is possibly one of the worst CEOs of all time, I can only hope his CEO days are nearing a conclusion.
Logica is a disaster, run by clowns.|
|exlogicalad: I had a pint last week with some old mates from Logica, according to them things are hotting up in the way of business and the mood is bright. They are convinced the share price is well undervalued and IT is in for a big boost in the UK and their European markets. I also picked up that there has been a lot of strange suited and booted foreigners visiting at all sorts of odd times. Someone noted directors looking pleased with themselves. Have they just raised their pay.
Cloud cuckoo or the real world, who knows!|
|robwt: chrisgail...To hold or not to hold that is the question.
My Logica friend says Andrew 'Mr Bean' Green has been slapped down by board members who are ready usurpers after his CEO job and the fat cat failure pay.
I have it on authority, at long last that useless 'Mr Bean' is on his way out. If that happens and they replace him with something better such as a railway sleeper or a lump of coal, the share price will soar.|
|robwt: Panmure Gordon think Logica is to 'pointy headed' and there isn't even hope of a bid at the lowly price levels Andrew Green has taken share price down to.
|robwt: Sadly I have to agree, on the bear side ok for shorters and day traders, on the bull side, there are slim chances there could be a bid.
On the appointment of Andrew Green as new CEO, we were led to believe he was going to be the saviour. It shouldn't have been that difficult, Logica only had to keep slim competitive and focus on the core of their business to organically grow. In the last 40 months Logica should have achieved 220p and in this shaky market fallen to about 175p. Instead the share price stands at a miserable 89p which is up from the 72p it hit last month.
I was fairly bullish all through global worries from 2008 till mid 2011 generously giving Andrew Green the benefit of huge doubts after it was reported that Green was a major part responsible for the huge losses suffered by BT Global on his watch. He has now basically done much the same damage at Logica. It is appalling when one thinks of the millions of pounds this buffon has been paid in fat cat salary and bonuses.
Green has proved a disaster, instead of culling the previous board he made little if any changes. He should have replaced 70% of the board with new blood and then concentrated on slimming or closing down the bad parts of Logica's fragmented business model. Instead Green did nothing, hence the already profitable parts that were doing well are now propping up the lossmaking parts. Elementary, you may think, anyone with a bit of acumen could of have sorted it out. Well, it was above Andrew Green's capabilities.
The IT sector know Green's appalling leadership has decimated the company, but Logica still has some good people who have worked well in the profitable parts of the company. Keeping this in mind Logica look reasonably cheap. The share price is a fraction of what it was on Green's appointment and at these bombed out prices Logica could be a target.
Jacko07..you pays your money and takes your choice... if you want to sleep at night, Logica is not the best place to have your money. Any company is only as good as people running it, so while Andrew Green is still in charge the company is very vunerable and is in unchartered territory.|
|robwt: Logica has been a disasterous investment for fund managers and private investors alike, Andrew Green has an appalling reputation as a total failure, the 'Eddie the Eagle' of the IT world. IBM, Cap Gemini, Infosys have better people working in their canteens.
However, because the company has been recklessly driven into the ground by Andrew Green and an inept self serving board of no hopers, the share price has dropped so far and so fast that the company is valued at just over £1 billion and has dropped out of the FTSE 150 after many years. Shockingly the share price is almost 50% lower than in May of this year and today it received another downgrade by Barclays Capital.
Andrew Green has put Logica and thousands of it's employees in grave danger of losing their jobs, what a disaster this useless bloke is.
In my opinion there could be a bid for Logica while the company share price lanquishes at all time lows. This company could be bought and broken up because the sum of the parts could easily outweigh what it could be bought for.
It is sad, because it would result in many of the 39000 employees losing their jobs. Of course the good thing would be that Green and his board would lose their fat cat jobs, but that is the result of their own incompetence.|
|robwt: Yes, the hapless Andrew Green really has taken Logica and driven it into the ground. I shudder at the thought of this overpaid twit and his useless management reporting in November.
The share price is tanking as investors jump ship. The only hope for Logica is to fire the board, Andrew Bean I mean Mr Bean sorry meant to say Andrew Green has been a mega disaster, get shot of this 24 carat loser, he couldn't run a newstand.
Get a headhunter to go to Apple Corp and ask one of their junior staff to take over from Green and I guarantee they would run rings around the useless Logica CEO.
I have less than 20% of my original holding and I ain't buying.|
|robwt: babybear, they didn't plan the interims at the same time as this meltdown although the hapless Mr Bean couldn't have made a more naff live net report. He seemed nervous, flustered and incapable of answering the press with conviction.
I wouldn't mind betting the bad news was leaked as the share price fell 20% on the run up to the interims and then another 25% on the report. I posted when Green Bean took over that he really needed to cull all the old deadwood who had previously run Logica into the ground, it didn't happen.
Unfortunately, events have proved Green is a very weak leader and shouldn't be in a top position anywhere, how the hell did he land the job in the first place...he resembles a dithering lost vicar at a village garden party.
Green isn't up to it, a disaster. He wasn't much good at BT and since his departure BT have recovered from his hapless tenure and moved ahead leaving Logica in their wake. BT and Logica share prices were on par with each other in 08. Now after over three years at the helm Andy Green should have had Logica back in the FTSE 100. Logica now has a low Mkt Cap of £1.3b and if you reckon 60p is on the cards could go below the £1 billion..that's what is called a dire performance. Just think Paul McCartney is worth as much as this dog.
Sadly for all us shareholders, Mr Bean has achieved nothing, as I said last week, after these dire results he should resign. With the share price this weak, maybe one of the bigger players might see it as take over. Buy it, fire the lot of them and put someone proper in charge, however I wouldn't bet on it.|
Logica share price data is direct from the London Stock Exchange