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REF Reflec

6.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Reflec Investors - REF

Reflec Investors - REF

Share Name Share Symbol Market Stock Type
Reflec REF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 6.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
6.25
more quote information »

Top Investor Posts

Top Posts
Posted at 04/4/2023 06:58 by clocktower
Scrolling through the BB this morning and this blast from the past took my notice.

I was so sorry to see your post philmqc56 as it reminds me of what went on with a number of AIM companies of that era but nothing has changed, the market is still rife with immoral behaviour and nothing has been done to prevent it over the past twenty years. Regulations mean nothing still and regulatory bodies are only there to provide a facade of security to investors.

Sold down the river is an interesting term but I guess the politest you can use. The manner consolidation took place was one of the contentious matters I recall.

Yes it would be good to know more about the current and recent business but I guess there are few willing to tell the tale.

Fortunately I was not caught up in this but did suffer in others at or around that time one of which it turned out that a man associated with it spent some years in jail but of course the shareholders got shafted and the other folks ran off with the company and the money.

Still, I guess I learned from it and in some ways ways a valuable lesson but something that nobody should endure if the city were not corrupt and immoral.

So any update anyone?
Posted at 02/2/2022 10:05 by knuttie
Likewise. I thought with 14 shares pre consolidation I was due £700, very disappointing. Today I have been credited with £23.94 by interactive investors. ????????
Posted at 12/11/2017 17:55 by twodegrees
On 5th May I received the following....does this assist in making anything clearer
Posted at 09/2/2015 19:29 by johndee
Lots of money was made by many investors 15 years ago when the share price multi folded at a multiple of 42.
Posted at 06/10/2014 10:53 by man1
Morn All,

First off I think its worth a big thank you to the BOD for a excellent interim report .

secondly I would like to thank everyone who has corresponded with me over the past few months , some interesting discussion .

I have not posted on here for a while , as I thought I was merely talking to myself so I went for the individual approach . But it is nice to see a little bit of banter on the board .

As the BOD have stated the door is still open on ideas and options to do with an exit strategy and I can assure you all ideas are welcome .

it would be good to have these discussed in the open , so that everyone can have there say .

As for the share trading everyone can see it appears to be working ok and as previously stated there has been a number of shares available over a period of time , so no one can complain about not having an opportunity to purchase more .

I have heard debate on re -listing on the market .
Share buy back .
Complete sale of the company .
mixture of divi / buy BACK .

Since most investor have probably been involved in other companies , has anyone been party to other options ..

Keep the faith ..
Posted at 19/8/2013 16:08 by 4screws
philmac56 note you getting some stick from daytrader on hawk...by the way, you must be serious investor in hawk if you just bought another 54k. I should have requested a wee fee for reminding you to go back and buy more ...ha ha !!1
Posted at 16/8/2013 14:50 by johndee
Better still now as AIM shares can be saved from tax by modest investors.
Posted at 23/7/2013 13:53 by philmac56
Hi All

A thought on how to move the share price forward and make it more attractive!!!!

I understand AIM ahares can now be placed in an ISA, This gives the investor a TAX FREE GAIN (I know EVENTUALLY!!!)

When REFLEC was listed it was in the AIM market, therefore, would there be an advantage to re-listing to give current & prospective investors the opportunity to move this stock under an ISA umbrella!!!!

OR

Would the cost involved of re-listing, not make it worthwhile.

I personally enjoy getting the divi, at least it IS a return at the moment & YES the share price is SLOWLY moving on up, again my b/e is £340, so WE are some way off that.

Open to idea's or to be shoot down

regards

phil
Posted at 18/4/2013 18:15 by johndee
Nutcases! The stupid group should move on. Many who are invested in listed companies at present have lost 99% of their money over the last couple of years. That is much worse than what investors have ever lost here.
Posted at 12/2/2013 12:32 by reflecplc
Dear Shareholders,

Once again we are wasting valuable resource, time and money responding to spurious and inaccurate comments on the ADVFN bulletin board. Your Board cannot understand why the shareholding of the Directors and the EBT is now, or ever was, a matter for debate and concern.

The current shareholdings of the Board were announced in the 2010 Report and Accounts, which were released in May 2010. The shareholdings were; T M Robinson 12.83%: P W Holdcroft 11.91%: J Kinder 0.5%: Brian Sagar 1.2%: Totalling 26.44%. It was, also, clearly stated in the 2010 Report and Accounts that a placing took place in the previous financial year; in accordance with the previous year's Resolutions, and that the Directors and staff committed themselves to the Company by taking part in this placing. This placing was done with professional advice at every stage and with the blessing of key independent shareholders. The placing was necessary because of the cash situation in your company at the time, when the bank had stipulated that our overdraft was to be reduced, large creditors had to be paid and the company needed a cash flow investment.

The only change in the current Board of Directors shareholding is that TM Robinson now holds 13.9%: M Cope 1% and B Sagar retired in 2011. The total Board of Directors shareholding is now therefore 27.3%. Mr Robinson's shareholding increased firstly because he acquired shares from a director who retired in December 2009 and the shares were purchased at the then market price. Mr Robinson also purchased 149 shares through the JP Jenkins' Matched Bargain Service at the market price in July 2011, which was announced at the time; a purchase that could have been made by any shareholder.

It was also clearly stated in the 2010 Report and Accounts that there was an additional Resolution at the request of a group of shareholders to consolidate the shares on a 1000:1 basis. The Directors did not vote on this Resolution, but the Resolution was passed. As a result of the consolidation the fraction shares had to be purchased, and, because the company cannot hold treasury shares and needs a Special Resolution to cancel any share; which was not possible as the final details of the consolidation could not be determined prior to the consolidation taking place, the shares were purchased by the EBT which was the practical option. This again was done with full professional advice.

This shareholding of 15.33% was declared and is clearly shown in the 2011 Report and Accounts which were released in April 2011 and announced on 30th July 2010.

The EBT in following its strategy to generate a market, repay its loan and incentivise employees has also just purchased 350 additional shares which takes its shareholding to 17.72%. Your Board of Directors believe this is a positive investment. The strategy of the EBT has recently been publicised.

The EBT is not controlled by the Board of Directors. The Trustees are an independent body consisting of a corporate solicitor, an employee and a non-executive director.

The Board would also like to point out that in the February 2012 Report and Accounts we noted:
"There is little doubt that delisting contributed significantly to the ability of the company to recover from an acutely challenging financial situation. Consequently, we all have to accept the regime of a private company in which it is more difficult to make an active market in shares for those wishing to buy or sell.

Whilst accepting both the benefits and limitations of a private company, the Board will work diligently to:
- Provide facilities for investors to buy and sell shares in Reflec plc.
- Put the company in a position to enable there to be dividend income and capital growth.
- Investigate all future development and other options."

The EBT is part of such facilities.

The Board believe that we are achieving this. A shareholder who wished to sell a significant number of shares has been able to do so. The EBT has helped to make a market for the shares. This is a positive move for shareholders.

We also note that it is suggested that shareholders cannot get in touch with Directors. If you want to contact a director, then please telephone the office on the number below and we will always respond.

We are also concerned that the postings will harm the company beyond repair. It has to be remembered that anyone can read these postings, including suppliers and customers. It is clear that from 2009 your company has become profitable in one of the worst economic times in recent history and as a result we have paid dividends for the first time in the company's 15 year history. This has resulted in a share price increase from £50.00 to £166.50 per share. Our strategic customers and partners now have faith in our business; however this faith will be severely eroded if these spurious and damaging accusations continue.

The Board of Directors would like all shareholders to attend a meeting which will immediately precede the AGM; we have already announced that this will be on the 24th May 2013. There will be an open forum at which the Board will answer any questions and will have a total open book policy, so you will see for yourselves that we have done everything in our power in the interests of the shareholders and the Company.

Yours truly,
Board of Directors
Reflec PLC

Telephone: 01606 593911

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