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Share Name Share Symbol Market Type Share ISIN Share Description
Allied Minds Plc LSE:ALM London Ordinary Share GB00BLRLH124 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -2.33% 21.00 21.00 22.00 21.50 20.80 21.50 339,471 13:58:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.5 -55.5 -22.0 - 51

Allied Minds Share Discussion Threads

Showing 6676 to 6699 of 7325 messages
Chat Pages: Latest  269  268  267  266  265  264  263  262  261  260  259  258  Older
DateSubjectAuthorDiscuss
30/11/2019
12:33
Not saying they get every call right but then who does? (They did well with LEAF and OCDO recently and DLAR haven't made the changes they're demanding yet either.)
nigwit
30/11/2019
11:38
They also have DLAR, but point taken.
spectoacc
30/11/2019
11:16
Just to clarify since I've met and had discussions with Richard Bernstein and other Crystal Amber folk. They're not a hedge fund but ethical long term investors who look for value investments and have no time for bad management. Whilst they're not adverse to a quick profit they're generally patient and supportive. They don't short. They invested in ALM since they saw potential for gains by activating for an efficient realisation of it's assets helped by removing the dreadful incumbent management. They'll have thought this through carefully and will have been having many discussions we're not party too. If they get the changes they seek they'll support the new management long term. Their record is pretty good. Bernstein is generally admired for his successful charity works. Such as this hTTps://www.thirdsector.co.uk/business-charity-champion-richard-bernstein/article/1014468 They'll have good intentions and a well-worked out plan.
nigwit
29/11/2019
11:38
From the Hawkeye disposal circular after confirming the $4.9m bonus under Phantom Scheme.Not sure if the "expected" change has actually been implemented."The Company has discussed the Phantom Plan with its major shareholders and the Company's current and former employees with entitlements under the Phantom Plan. Following these discussions, it is expected that the existing provisions of the Phantom Plan will be amended or terminated and new arrangements will be put in place to better align with the Company's new strategy. It is not expected that any further payments, beyond the payment described above, will be made under the Phantom Plan before these changes are implemented."
kooba
29/11/2019
11:30
Ought to check out LEAF ..where Lerdal has overseen wind up, Coe non exec.From CA.The Fund invested £13.0 million in Leaf Clean. By the year end, it had received £7.8 million from the 2015 special dividend and the 2018 capital return. In August 2019, it received £13.4 million from the latest capital return.The value of the Fund's holding at the end of August 2019 was £4.5 million.The Fund is pleased that its intensive engagement with Leaf Clean and subsequent strategic support has delivered an excellent outcome for Leaf Clean's shareholders.https://storage.googleapis.com/crystalamber-com.appspot.com/_downloads/FINALCrystalAmberAnnualReport.pdfReason this took a while was to pursue highly successful court case in the US. There may be legal questions with Allied Minds as to the fiduciary duty of the management which has overseen such wholesale destruction in shareholder value.. but the bulk of the assets I believe should be easier to monetise.
kooba
29/11/2019
10:19
From the prospectus. Board member severance package is 2 years base salary + an annual incentive bonus of the average bonus over the last three years. Also:- ''The Phantom Plan is for an initial period of seven years after its adoption in June 2012 unless the Allied Minds,Inc (now Allied Minds LLC) board determines to terminate it earlier. Thereafter, unless the board of Allied Minds, Inc.(now Allied Minds, LLC) determines otherwise, it automatically renews on an annual basis.'' So it has been renewed.
flyfisher
29/11/2019
09:22
Let's see what their time plan and costs are first. What severance the current board would have and if they now make some concessions regarding costs and the "phantom scheme" due to pressure from CA.
bobonumber1
29/11/2019
08:41
@flyfisher - I'd want to know why they say the existing Board can still be employed, what that means for costs, what that means for the ridiculous incentive scheme, when they see realisations happening, and whether they see any variation in the existing impending payout. CRS at Northgate, or DLAR, or even ALM so far, have not been impressive.
spectoacc
29/11/2019
08:36
bobo, To remove the board and install Mark Lerdal and Stephen Coe. I would prefer to rely upon their direction than the current board.
flyfisher
29/11/2019
08:18
Well... Doesn't fully answer your points but this is what CRS said: "....At which resolutions will be proposed to remove Jeffrey Rohr, Fritz Foley, Joseph Pignato and Michael Turner from the board, and to appoint Mark Lerdal and Stephen Coe to the board as non-executive directors. The Fund expects that the proposed board will be more effective at minimising ongoing costs and maximising distributions to shareholders from the orderly realisation of Allied Minds' remaining investments." I'd suggest that what's good for CRS's 17% is good for my sub-1%, but do want to talk to them first.
spectoacc
29/11/2019
08:15
Voting support for what? Do we know what terms their man wants ? How quickly are they looking to wind it down. They are a hedge fund so not looking long term and happy with a smaller return. With 17% and their man on the board they maybe have too much influence that does not benefit the private investor. In one to two years Fed and spin should be worth many multiples of what they are valued at today. If they wind it down early we do not see that benefit.
bobonumber1
29/11/2019
07:57
Emailed them about ALM - reply there was none - awaiting developments re voting. It's a ball-ache voting at EGMs when held across multiple nominees. ALM never replied either. Will try CRS again.
spectoacc
29/11/2019
07:52
Have you emailed Crystal Amber, offering voting support with your holding.
flyfisher
29/11/2019
07:06
Agreed. That the share price is only as "high" as it is because CRS have absorbed 17% says it all.
spectoacc
29/11/2019
06:17
Bizarre situation not informing shareholders of GM requisition.Technically they have 21 days to call a GM from correct receipt of requisition but most unusual to make no comment.One must assume they are running around trying to garner support from other shareholders to keep them in place, they know the portfolio (what's left of it!) promise to keep costs down ( they've been going up again as the company shrinks!) early monetisation ( not in their interests!) ..what CA might do is get them to up the distribution to actual shareholders ..they already have their $4.9m bonus I bet.Either way they are being put under intense pressure by CA to start acting to deliver some value back to holders in a timely manner. Burning through $7m a year sitting on passive investments for years will just erode what's left of what has been an unbelievably disastrous investment foray where only the management have got any rewards.
kooba
28/11/2019
17:41
Vesting their options before they are kicked out is the priority.
flyfisher
28/11/2019
08:13
Just don't understand how ALM can say nothing at all about the EGM request (not even that they've had one), and nothing at all about the capital return when the sale is long since voted on, approved, and completed.
spectoacc
22/11/2019
16:27
CRS gone over 17%.
spectoacc
22/11/2019
09:01
Allied Minds still to inform shareholders of formal requisition of GM ..very odd , looks like they were blind sided by CRS.They still have to inform their shareholders even if they need a few days to think of some defence..no doubt trying to garner shareholder support .. if they can't might just step down ??Either way communicating through the press and not to your shareholders not on..An Allied Minds spokeswoman said that the "current board has overseen and implemented a number of major value-enhancing transactions, one of which will result in a substantial cash return to shareholders. The board has also made significant cuts to central costs." https://www.thetimes.co.uk/article/activist-investor-crystal-amber-attempts-to-wind-down-allied-minds-33nsq5n7c
kooba
22/11/2019
08:57
Staggering that they don't think CRS's EGM requisition is worth an RNS.
spectoacc
22/11/2019
08:56
Wonder whether the execs have paid their ill-gotten $4.9m bonus out yet..I expect so !From disposal and distribution circular Record Time 2 December 2019 Expected date of Court Hearing to confirm Capital reduction 3 December 2019 Expected date for the Capital Reduction 5 December 2019Note: Each of the times and dates in the above timetable is based on current expectations and is subject to change by Allied Minds. If any of the above times and/or dates change, the revised times and dates will be notified to the FCA and to Shareholders by a Regulatory Information Service.But they say they will discuss with shareholders how to make the distribution..not sure exactly who they will be talking to as the share register is upside down but doesn't appear CRS have had the call !
kooba
21/11/2019
13:48
I don't see any evidence of CRS doing that - future cash realisations, maybe, but no mention of the current one. Weird thing is, no mention of it from ALM either. The disposal completed ages ago, what's stopping at least an XD date?
spectoacc
21/11/2019
13:24
"Insufficient prioritisation of excess cash redistribution to shareholders"I would hope an extra resolution will be added about the special dividend as well.
alasdair100new
21/11/2019
12:18
Yes, except - that's not remotely what CRS's RNS says. Find me the mention of the payout.
spectoacc
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