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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Safeland | LSE:SAF | London | Ordinary Share | GB0007667008 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 37.50 | 30.00 | 45.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
06/2/2012 16:21 | cap. value of around 2M....and exec. dirs get 1.5M pay in past years if do share buyback looks like they could exceed 75% and decide to de-list....mop up more shares in that process ..then compulsory acq. possible at 90% imho....avoid like the plague.... | markt | |
06/1/2012 07:33 | however you look at it, the beneficiaries of the options only make money if the share price is sharply north of the strike, and it is difficult to imagine the directors going to the trouble of putting the sheme together unless they believe it would be better than the laternatives, remuneratiowise, luckily for existing shareholders, it means that any benefit will also trickle down to them also - if you look at the history of this co, there is pattern or supra-ordinary and very profitable entrenpreneurial activity by the directors which has hugely benefitted 'ordinary' shareholders - look at the spin offs for example. my guess is the joint venture is looking v promising, but I have no evidence than balancing out the probability outcomes from the know variables.... | ydderf | |
05/1/2012 21:27 | Until the directors get their 24m or so extra shares...lol! | topvest | |
05/1/2012 16:02 | Continuing the recent recovery at what price will it stop i wonder 20p. | battlebus2 | |
30/12/2011 21:15 | Yes, you may have a point!! But apparently having a company Ferrari Enzo on a £2m market cap company is clearly taking a bit of a liberty. | topvest | |
30/12/2011 12:26 | bookmark this topvest, lots of driving in your post, 'vehicle' 'drive' 'Enzo' time to worry is when they buy Lexus | ydderf | |
30/12/2011 11:54 | Take a lower salary rather than wrecking a perfectly profitable property trading business....they are still living off the shareholder value generated a decade ago - it's just greedy, but they control the company so it's up to them. Just don't expect investors to back their next self served investment vehicle. Anyway, I'm not sure they cut it anymore - they seem to have lost their drive. Long gone are the days when they created Hercules, Bizspace and Safestore...maybe they are only good at developing businesses with a favourable economic headwind!? The Safestay concept looks interesting, but the way it's structured I can't see any value heading to other shareholders. As I say, hope Larry enjoys his new Enzo!! | topvest | |
30/12/2011 10:02 | my take on it is that the maximum benefits accruing from the new venture would come from share options, they already own the company so the most effective way of monetising success is via options, and if I am correct, it is difficult to see how that would be bad for exisiting holders after all, they could have taken it private at the low of 7p and any time over past years when nav was high in relation to the sp, but didn't. what would you do in their position? | ydderf | |
30/12/2011 09:20 | It's disclosed in resolution 8 to the accounts - up to 24m shares to be issued (versus 11m currently in issue) provided mid-market price 2p higher than September price. Given they have already "foregone" £1.6m in last year's accounts I suspect most of these will be issued in H2 for "services rendered" - maybe a new Ferrari Enzo is required! This will eventually lead to a back door "take private" in my view as this is little more than a Lipman spending fund, and there is no serious interest in shareholder value not now or at any point in the last 5 years. | topvest | |
30/12/2011 09:15 | Freddy, one of your poorer choices. | crawford | |
30/12/2011 09:05 | topvest - how does the share option scheme work? surely the Lipmans control if anyway? | ydderf | |
28/12/2011 08:15 | Sold my few shares here - why has the share price gone up just before xmas - because someone bought 30,000 shares or so. Isn't that just quite convenient.... as if the mid-price stays above 10p then they can dilute shareholders to virtually nothing through their "super greedy" share option scheme before the March results are released - effectively taking this company private through the back door. Safeland has been a disgrace for the last 5 years at least. I will never invest in a Lipman company again! | topvest | |
07/11/2011 17:17 | So if they were to de-list....then they would offer me a price for my shares? And I could take it or leave it, leaving it would mean I still owned shares, but in a company not trading shares in any proper market? Is that right? what are the big downsides to having de-listed shares apart from no proper market to trade them into? Would I definately get screwed? I notice a sale of shares very large in Safeland terms, 122,000 shares, depressing market price. | dupree | |
31/8/2011 19:41 | Any holders here need to get out fast. The BOD don't care whether they execerise the options or not. They control everything, a lower share price means they can delist and screw other shareholders this is not landsec they have no scruples. | thupton | |
31/8/2011 13:05 | I missed any annoncement here about share options. Dierectors are proposing to double the number of shares and issue all the new ones to themselves??? Bloody hell. Bit of a change from buying shares in and cancelling them isn't it. I am not an expert cod-lawyer but is this daylight robbery. Is it not plain as nose on face us non-option holding shareholders would do much better if they sold up and cashed in? Is there not a chance of a mr Big doing something about it in a predatory way? couldn't a minnow hedge fund buy some shares and throw weight around? The report came in the post is that a place to read these proposals..so busy selling house I may have mislaid it immediately. Or my wife might have tidied it. I feel quite cross about what you chaps have posted. | dupree | |
25/8/2011 07:07 | Looked at this again - if the options were taken up I think we are looking at NAV roughly halving to 20-25p and the Lipman Concert Party owning 88% of the shares. Odd thing is that the shares can only be exercised at a mid-price > 10p, so there will be no dilution unless the share price increases. Not happy with this at all, but . I think we have all learned a lesson here - i.e. don't back greedy directors who put their interests ahead of other holders. Lesson learned! Interestingly, it does put a bit of a floor on the share price as they need to get the price up to a mid-price of 10p to exercise. Tempted to hold on a little longer to see what happens, as most value is already gone! | topvest | |
24/8/2011 20:57 | Why exactly do they deserve an option scheme to incentise them - pride alone should have been enough, to restore shareholder value. Greedy bunch...no credibility in the city any more for this bunch! | topvest | |
24/8/2011 13:40 | Final straw for me here, I'm out today. | crawford | |
24/8/2011 13:11 | Greedy hounds: In relation to the Executive Issue, it is proposed that, in aggregate, options over a maximum amount of 24,101,188 ordinary shares be granted to the four executive members of the board by way of incentivisation, representing 143% of the Company's issued share capital. The amount of options proposed to be issued pursuant to the Executive Issue will also exceed the Remuneration Option Limit. | crawford | |
24/8/2011 12:28 | I see the directors forfeited £1.9m of their emoluments with all but Mr Davis and the NED paying Safeland in 2011. Makes a change! However, before we think things may have changed, the AGM resolutions ask for approval on an option scheme for 24m shares. You just have to be joking!! | topvest | |
19/8/2011 09:38 | I think the plan, if there is one is to deplete the assets and then reverse something else into this if Larry can be bothered. It's very disappointing to see how this has gone pear shaped following the Safestore, Hercules and Bizspace successes. I wonder whether they lost city support when they got into trouble over their expenses here 2/3 years back. They seem to have lost their way and are really making no effort to put this back on the straight and narrow. I agree - all very greedy. | topvest | |
19/8/2011 08:54 | I have foolishly stuck with this lot right thro the last crash 2008, out of a very long term loyalty somewhat as my family did well from some of their other businesses, also hesitating to sell because of the spread ( a myopic view I see clearly now!) I now take the view that these guys have no discernible intention at all of making any money for shareholders. And the NAV collapses a bit more every time they get paid (pay has been a dodgy indicator for a very long time, if you consider obvious over-remuneration a sign to beware) I wish someone could make them break it all up and flog it all all off (before the entire value disappears in directors pay packets). I can't see anything but predatory capitalism helping shareholders here. Who knows off the top of head the supposed NAV and also the structure of ownership? Whats happened to that shell company with the astro-name that Tara was punting on last year? I made a few pennies there but then lost interest in short term trading and abandoned the market to spend more time with my cows. Dupree's Safeland Blues. I woke up this morning felt around for my shares that's when I knew I had them old Safeland blues | dupree | |
19/7/2011 21:37 | Wouldn't think tax advice on this front matters much to them. Remember they also own personal propery assets too, it's a fine line when you apportion time and other costs between company and personal business, nobody to check really as they can scare off any auditors (we all know what happens when the wet behind the ears trainees, in shorts are sent in to carry out audit's) and they are majority holders too. The company seems to be run for their personal benefit. Salaries and BIK's far too high relative to market cap, NAV, profits (lack of) etc etc. I think the car is an Enzo too. Not unique in the UK. But given the size and state of the company so damn greedy. Wonder what someone like Nick Leslau would do here if he could be bothered to even touch a miniscule "property play" like this. Would be pocket money for him and his associates | thupton | |
19/7/2011 20:05 | Hmm..very interesting...cool for them...not so good for us! Larry's BIK was £129k this year and, wait for it...£246k last year. It must be a Ferrari Enzo then or a 599 to get to that sort of benefit. Incredible! Good old Raymomd at 76/77 years of age gets a BIK of £130k (LY - £149k. Surely this is ridiculous from a tax perspective? They could do with some serious tax advice! | topvest |
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