Managed Support Services Share Discussion Threads

[richmond9] 01/12/2011 11:59

awww bless Windy

you really are quite special. I will keep it short and simple as that is probably best.

he dosnt get the warrants for free, he pays for them at the exercise price when he sells them @ £2.07p

Warrants 10 July 1998 120 150,000

Cost = £1.20 x 150,000 = £180,000
Sell = £2.07 x 150,000 = £310,500

Profit = £130,500

Warrants 10 July 1998 112.5 500,000

Cost = £1.125 x 500,000 = £562,500
Sell = £2.07 x 500,000 = £1,035,000

Profit = £472,500

Warrants 24 February 2004 95 350,000

Cost = £1.125 x 350,000 = £332,500
Sell = £2.07 x 350,000 = £724,500

Profit = £392,000

Lond Term Incentive Plan

cost = £0
Sell = £2.07 x 1,500,000 = £3,105,000

Total Gain = £4,100,000

Dealers Fee @ 1.5% = £61,500
Tax @ 40% = £1,615,400

TOTAL PROFIT = £2,423,100 for SB

Not over £6m that is it?

and i think you will find thats best case Windy. I understand he didnt get to cash his long term Incentive plan in because they had been awarded less than 2 years

so:-

profit on warrants = £995,000
profit on directors share dealing 500,000 (@ average £1.02) = £525,000

Therefor i think my original £1.5m is correct and I will let you work out the tax and dealer fee @ 1.5% (not too difficult that is it?)

[w1ndjammer] 01/12/2011 08:55

richmond

Interests in Ordinary Shares acquired


Simon Beart


Scheme Date of grant Exercise price (p) Number of ordinary Shares
beneficially acquired

Warrants 10 July 1998 120 150,000
Warrants 10 July 1998 112.5 500,000
Warrants 24 February 2004 95 350,000
Long Term Incentive Plan 9 September 2005 Nil 1,500,000

Total 2,500,000



William Good


Scheme Date of grant Exercise price (p) Number of ordinary Shares
beneficially acquired

Long Term Incentive Plan 9 September 2005 Nil 900,000
Unapproved Executive Share 20 January 2004 95 150,000
Option Scheme

Total 1,050,000



plus he owned a further 500k total 3 mill

dress it up how you want, but he still walked away with over £6,000,000

WJ.

[risk1] 30/11/2011 22:43

excellent work keep it up

[richmond9] 30/11/2011 22:35

another big seller today BTW (will be announced once they have managed to sell their holding so todays trades are delayed)

word is thats it Royal London (current new top holder since octopus sold out in full)

[iiinvester] 30/11/2011 20:44

oh dear WJ...rumbled again.....if you tell the truth you dont have to have a good memory ;)

[richmond9] 30/11/2011 19:42

WJ

your memory obviously isnt what it should be

His shares were all options and warrants (he hadnt bought any with his own money). The exercise price for these was £1.35p and he left with £1.5m after fee's

Its all in the AGM statement of July 2007

[sheila16] 30/11/2011 10:06

the motive is a moot point if the written evidence detailed above does exist.

as i've said all along with this one, there's too many bad rumours around for them not to be true.

has there ever been one shred of good or even vaguely positive news on this stock?

at the bottom line, what would a bunch of accountants want with a building services company? what chance did it have of succeeding with them in charge?

[richmond9] 30/11/2011 10:03

He didn't have plenty of money. Well not enough to keep him happy. His motivation was to make himself ALOT of money. He said it.

When he was interviewed by the times in 2003 he said his biggest regret was selling the Britton Group in the 90's after 9 years of hard work and only making £1.5m, a figure he claimed his ex colleagues at Salomon Brothers would laugh at.

He only got £1.5m for XKO after 7 years hard work because he had issued so much paper (a model he has followed with MSS)

He is driven by greed, the need to be his brothers equal and to justify his decision to quit the city in 1991.

He is a failure and he can't live with that.

Desperate people make decisions they go on to regret.

SB is desperate.

[w1ndjammer] 30/11/2011 09:34

nice one richmond
only thing missing, what was his motive!

don`t forget he had plenty of personal wealth before he took charge
so money was not the motive.

i can think of much better ways of spending 4 years of my life
had i started out with his cash.

WJ.

[richmond9] 30/11/2011 09:17

WJ

At 0.95p there is no point selling, I would rather keep them and make sure my vote counts.

I'm not interested in compensation, im interested in SB going to court for what he has done

The file I have on him shows that everything was pre meditated 5 months before he took control and with the full backing/support of cenkos

- confirmed his pre meditated intentions in writing in August 2007
- carried out his plan to the letter with no regard for the true position
- carried on even after William Good left refusing to countenance his plan
- sacked KPMG for not agreeing with his write-offs but continued to use their name to justify his actions
- claimed group companies were loss making so he could close them when they were only loss making because of group management charges he put on them
- threatened managers (and is still doing this)
- made 100s redundant to ensure the story and his plan made it into the papers
- hid losses from investors
- failed to pay TAX & NI in group companies
- failed to be a turnaround specialist in a sector which has seen double-digit growth in the 4 years SB has been in control

His final plan is to sell off the trading business in a NewCo with all the losses and unpaid taxes wrapped up inside, and keep the remaining £1m in the Plc. The only employees of the Plc are SB, Piers Wilson and Non Exec Rodney Mann

He's not able to sell the Plc because anyone who gets their hands on it will see the paper trail, the lies and the Fraud.

That's why we have to vote NO

That's why we have to get SB out and someone in who gets the company so that we can review the last 4 years and get SB in court on a criminal charge

[w1ndjammer] 30/11/2011 08:09

you can have as many investigations as you wan`t
but you will get no compensation, so sell now.

have loaded up on SQZ for a future 10 bagger.

WJ.

[w1ndjammer] 30/11/2011 07:57

richmond

i can`t belive you are still holding, sell up and move on.
you know all the answers so stop kidding yourself.

i have made my losses back on YELL sell sell sell

WJ.

[richmond9] 29/11/2011 22:36

How can the company have losses as large as I am Led to believe they are

Simon was still telling us things were on course and trading in profit only 6 months ago

He raised money on the back of the announcements

He said the company was Winning market share, becoming a market leader, signing major multi million pound contracts

Current trading was strong

Surely no one is going to vote yes and there must be a full investigation by AIM and the SFO

Vote NO

SB = FRAUD

[richmond9] 29/11/2011 16:47

Non payment of TAX and NI in any of the group companies going back 12-18 months

Losses of 24 million loaded into The NewCo to get Rentokil to the table buying the company for £1 and paying off the inter company borrowing. Losses to offset against rentokil profits

Managers and employees threatened

Simon D Beart really is a piece of work

If the sale dosnt go through at the AGM then the business is gone and Simon is in some serious trouble.

Vote NO and lets see a full investigation into SB

[richmond9] 29/11/2011 11:38

Dont let SB get away with it

Cast your vote or turn up on Monday

VOTE NO!

[richmond9] 28/11/2011 17:40

Octopus confirmed as OUT, except they kept just enough to allow them to vote NO next week.

SB = FRAUD

[coolmd] 28/11/2011 13:24

Not too bad WJ, pretty much in Cash at the moment..
Been buying quiet a few reposessed properties at 50% under the prices 3 years ago. Rents are great and regular..
So what are your views on YELL. I made a fortune last time around but looks
pretty flat at the moment?

[w1ndjammer] 28/11/2011 08:21

dumped the last of em on friday,
bought more in YELL hope you are keeping up coolmd.

WJ.

[richmond9] 25/11/2011 17:47

Latest trades
Time Price Volume Price Bid Ask B/S Type
16:25:15 1.06p 430,000 £4,558 0.95p 1.25p SELL O
16:25:03 1.05p 430,000 £4,515 0.95p 1.25p SELL O
16:20:17 1.06p 300,000 £3,180 0.95p 1.25p SELL O
16:20:04 1.05p 300,000 £3,150 0.95p 1.25p SELL O
15:34:40 0.95p 25,000 £238 0.95p 1.25p SELL O
13:29:28 1.05p 100,000 £1,050 0.95p 1.2p SELL OK

[sheila16] 24/11/2011 12:43

we're definately in the wrong game - someone chin him at the AGM please

[coolmd] 24/11/2011 09:44

They must have known this was going to happen as everyone else new the sale
was going through weeks ago..

[richmond9] 23/11/2011 19:41

the first one is a sell not a buy and word is its Octopus (was the biggest share holder)

21-Nov-11 15:55:39 21,493,572 Sell