Assura Share Discussion Threads

[zeppo] 01/10/2015 19:03

THE FOLLOWING WEEK EVERY OTHER LANE WILL BE CLOSED IN IRISH SWIMMING POOLS

- TO SAVE WATER.

z

[bscuit] 01/10/2015 15:37

I have 34494 and have applied in full and for excess. I also hold PHP.

[wirralowl] 01/10/2015 13:43

Agreed bt, they're the market leader in a growing niche area (the grey pound) and offer a diverse range of products, so like AGR I see them as a good LT prospect.

[winsome147] 01/10/2015 13:42

I've held AGR since they were 32p just a few years ago and I've frequently topped up since then and taken divs too. I didn't realise this VCP was in place but I cannot complain too much. Graham Roberts gets the lion's share but he has turned the company around. Greedy? A little perhaps. But we all are, aren't we?

AGR makes up 7% of my portfolio. I think I'll subscribe for more. Any thoughts on where the share price will be after the first few days of dealings. I'm thinking probably around where it is now.

[badtime] 30/9/2015 15:28

True..yes did say little :)One to keep an eye on

[badtime] 30/9/2015 13:34

SAGA minuscule profit ..hardly worth bothering

[stupidboypike] 30/9/2015 12:47

yes bought at 2.05, managed to sell at 2.08 though. loss was trivial and it was a bit of fun!! Anyway glad to see the more serious investment of AGR going well again.
Best regards SBP

[old crow] 30/9/2015 12:34

Sorry to hear that and thinking cost must have been high
or bought in above 201p

[stupidboypike] 30/9/2015 12:17

old crow, I listened, only a small loss after trading costs!!!!

[old crow] 30/9/2015 12:06

Wonder, did any of you listen to the Crows and make a little profit
with SAGA today

[old crow] 28/9/2015 11:30

The Crows reckon still not to late to make a little profit with SAGA this Wednesday nothing big but profit,
Cheers all

[topvest] 28/9/2015 08:08

No - I'm going to stick with it. Overall, its not that material to the NOW number of shares in issue. 25 million shares is a lot to give away to a few people though. They are all very rich, directly as a result of this plan. A bit greedy and opportunistic. Nevertheless, they have done a good job. Suggest we all vote against this sort of thing when we come across again. Will take up the open offer, but not the offer for subscription.

[badtime] 27/9/2015 22:12

Topvest..still looking to sell tomorrow?

[bscuit] 27/9/2015 11:03

David is right that those interested in the benefits of a VCP should be disqualified from voting shares in which they have a beneficial interest or over which they have proxy.

[topvest] 27/9/2015 08:47

Value Creation Plans need a new name..."Value Destruction Plans" would be my suggested name for these new plans that are excessively greedy!

[davidosh] 26/9/2015 13:42

They held an EGM in 2013 to approve the VCP



There was a very large and significant vote against the VCP but the chairman had discretion over enough of the shareholdings in nominee accounts etc to push it through. There were 23m shares abstained so if this had been looked at more closely then it would not have passed through as 75% would have been needed. One could argue that directors and related parties cannot possibly be entitled to vote on their own remuneration



I also find this rather disturbing that such a plan was created so soooooon after an emergency rights issue that was required to keep the company on course having been derailed due to the SWAPS debacle. Investors who were involved before then potentially lost money on their investment and then directors create a scheme to take a big percentage of the recovery situation !!

[zeppo] 26/9/2015 10:45

Ate there share price performance targets?

z

[bscuit] 26/9/2015 10:05

Thanks. Source document?

[hyperboreus] 26/9/2015 07:15

Information is out there Bscuit:

5.5 VCP DILUTION

 Five year scheme to align incentives for staff and management with long‐term
shareholder performance
 Participants receive 10% of total shareholder return over 8% compound hurdle rate
subject to overall cap of 25 million shares (which represents 2.5% of total issued share
capital)
 Scheme runs from 2012 – 2017
 First measurement point in 2015 estimates 24.4 million shares would vest over the 5
year period of which 20.7 million would be new dilutive shares and 3.7 million would be
released by the Employee Benefit Trust
 50% of awarded shares held over to future periods subject to future performance

[bscuit] 26/9/2015 00:39

Definitely a poor move from a serious company. I have looked back at the Company Information Memorandum of disclosable documentation and can find no trace of the VCP. My understanding is that a main market company MUST put such through a General Meeting. This type of problem recently occurred with Vislink. I am initiating further enquiries about this and the 20% mysterious rise in the price from 53 to 63 immediately prior to the Open Offer. Very puzzled!

[topvest] 25/9/2015 19:18

A rather dodgy RNS at 5.50pm on a Friday. Hadn't realised this company had a Value Creation Plan - these plans have to be the most greedy of share plans around. What an enormous award of shares. Surely they are paid enough as it is? Obviously management think another £10m or so is acceptable. I don't. Might look a bit closer at this now and reassess my position. They know this is self serving so I think it's very poor of them to put this out to try and bury it on a Friday night!