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SAVG Savile Grp

6.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Savile Grp LSE:SAVG London Ordinary Share GB0008480732 ORD 3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Savile Group Share Discussion Threads

Showing 326 to 349 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
21/4/2011
07:16
They are in the process of completely remodelling the business and rationalising brands, remuneration and operating methods. The Board has now slimmed down by two which was much needed.

It appears they are grasping the nettle and from discussions with the FD they are hoping the restructuring is complete by the end of June in time for the start of the new financial year.

deswalker
21/4/2011
07:03
Cindy Mahoney CEO of Cedar throwing in the towel and leaving. Clearly cannot see prospects at Savile after about 8 years with Cedar and before, 20 years at Barclays and later with other talent recruiters, before joining/establishing Cedar.
a1samu
05/4/2011
09:34
Are there actually any trades showing or is there a big order in the background ?
davidosh
05/4/2011
09:07
what's going on here then ?
deswalker
05/4/2011
07:46
shocking indeed. Anyone selling out?
parvez
04/4/2011
20:55
shocking share price performance. i'd love to have a good chat with that cohen - does anyone know if he has made lots of money from this???
alanrex
29/3/2011
15:27
D.D - I don't know Louise personally but she clearly has the wherewithal to sort things out, you don't pay nearly one million in goodwill for anyone unproven and she'll be motivated by her anniversary shares.

You can read her thoughts on How to... restructure for performance



Took the drop as an opportunity to buy some more.

playful
24/3/2011
14:02
playful,

I agree with what you say. Give me women in charge over men anyday. Not all the time as the situation at HLO shows but generally speaking they do a much better job. More conscientious, harder working and with much smaller ego. I own lots of shares in WORK and the new woman CEO there has worked her way up and I'm optimistic for the future. Not too sure I can say the same here with the current management team in place, and I say this as someone who owns far too many shares.

Personally I'd like to see Louise Palmer and Helen Pitcher assuming as much responsibility as possible with Jonathan Cohen, Linda Jackson & Cindy Mahoney stepping aside. I doubt Mr Cohen will cede the top job but at the very least I think we should see Cedar rolled into 7 days with Lousie Palmer running the larger entity and Cindy Mahoney dropping from the Board, a new broom at Fairplace as I'm not sure Linda Jackson is any better than Michael Moran, and Helen Pitcher should continue to run IDDAS at the very least.

There are real prospects here but IMO Mr Cohen needs to take a long hard look at the mess he has presided over in the past year and realise that he is not the man for the job. Divisions endure difficult trading at all companies from time to time, but the standards of reporting here have been so poor as to be verging on negligent and quite what has been going on at Fairplace needs some serious questions asking of all managers IMO.

Des

deswalker
24/3/2011
13:41
playful...Do you know her or have some knowledge about the company she runs ?
davidosh
24/3/2011
12:46
Well I'm in now purely on the fact Louise Palmer clearly knows what she is doing and can hopefully benefit all SAVG divisions. Personally I'd like to see her running the whole shebang.
playful
13/3/2011
17:43
Now loss making but hang on they have a strong balance sheet including cash of 1.2 million according the their CEO...but wait I wonder how long that will last with operating expenses of approx £4 million every 6 months!

You don,t need to be overly intelligent to see dilution coming. Avoid.

pictureframe
13/3/2011
10:54
I think you'll find most directors and politicians are as clueless as you're average street muppet - they just happen to have either been in the right place at the right time or they talk a lot more or a lot louder than others.

CR

cockneyrebel
13/3/2011
10:51
sometimes i truly believe i should be a ceo myself. Anyone can make better decisions than these monkeys
robhammers
12/3/2011
11:29
Agree - another co that rang alarm bells for me a year ago. Sold out at a loss but glad I did. The share buy-back in the October 09 then an issue of a load of shares a month later said the co didn't know what it was doing or was trying to manipulate the stock for that placing imo.

CR

cockneyrebel
28/2/2011
20:42
Thanks DesWalker...very interesting. I once held that Jubilee Investment Trust !
davidosh
28/2/2011
19:30
They gain liquidity (Brookwell shares will be easier to sell than SAVG shares), an exposure to a more diversified portfolio and they avoid the hassle of selling down the SAVG stake themselves by passing on this responsibility to Brookwell.

Obviously they lose the upside to the individual share price but equally they dilute any remaining downside too.

Brookwell take a nice annual fee for managing and running down a portfolio of these runt positions.

There won't be tax considerations here as VCTs are CGT exempt anyway, but it probably would constitute a divestment were the swapper to be a CGT payer.

The D shares are a new issue. Brookwell will have been in touch with all VCTs and Small Cap Inv Trusts to see if they wanted to subscribe and what sort of assets they wanted to get rid of and swap for these new shares. Brookwell will then have done some due diligence on the prospects and liquidity of these assets and adjusted down the mark-to-market of these by some haircut percentage before agreeing the number of D shares they are willing to swap into.

The various Advanced Realization trusts used to run on a similar basis as did the fleetingly popular Jubilee Investment Trust IIRC.

deswalker
28/2/2011
18:40
What do they gain by doing those share swap deals ? Create a tax loss ??
davidosh
28/2/2011
17:25
As per above Amati discloses a notifiable holding in Brookwell Limited D shares. A portion of these are probably linked to a swap of SAVG shares IMO DYOR.
deswalker
25/2/2011
10:57
The Chairman buys a few.
deswalker
24/2/2011
14:11
I have a smoking little number that I am working on. Trading at about half of net cash. Just want to check a thing or two with the company so am expecting a call back this afternoon before I buy any more there. Keep an eye on my value thread. ;o)

Edit: and the register looks good Des. ;o)

liarspoker
24/2/2011
14:04
Cheers Guys - good circumstantial evidence !
masurenguy
24/2/2011
13:41
Purely because that's the precise number held by Amati according to my records, and share swaps are generally how Brookwell operate (they are an AIM realization fund). Could be wrong but that's my guess.
deswalker
24/2/2011
13:40
Here are Brookwell...



I suspect you are right in your assumption

davidosh
24/2/2011
13:28
Interested to know how you have deduced that share swap. I can't find any reference to the ViCTory VCT disposing of any stock.
masurenguy
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older

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