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Share Name Share Symbol Market Type Share ISIN Share Description
Athelney Trust Plc LSE:ATY London Ordinary Share GB0000609296 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 200.00 190.00 210.00 200.00 200.00 200.00 2,695 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.2 0.1 5.9 33.9 4

Athelney Share Discussion Threads

Showing 126 to 150 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/1/2019
11:35
And Coffin, one of the re-elected non-execs has now bailed out. Yes as people have pointed out this is a Brexit-scale shambles.
danny baker
25/1/2019
08:26
Surely there is a current CEO and fund manager - Pohl, who receives 0.75% in fees. The board votes don't directly affect this. Any termination of IT fund managers usually results in compensation: costs in this spat could quickly take a significant chunk of the assets.
rooky4
24/1/2019
21:24
Quite amusing that Boyle and Pohl have neutralised each other. Net result.... they are both off the Board even though they are the 2 largest shareholders! What a ridiculous situation as they now have no fund manager. That being said, doing nothing is quite a successful investment strategy...so might out-perform! I wonder what they will do on the tender offer as that was approved. Boyle and Pohl need to have a conversation to agree a way forward, although that may be wishful thinking. Who is the fund manager now?
topvest
24/1/2019
21:21
What a disaster unless Gresham House get involved. A totally bizarre result. Otherwise, it looks like its game over to me and time to wind-up the company.
topvest
24/1/2019
19:16
According to AIC, there is a continuation vote at the AGM 2020 (March). That's the Backstop (sorry)
rooky4
23/1/2019
20:54
This EGM has resulted in the worst possible outcome very similar to our politics of a hung parliament: the existing Directors being voted off and Robin not being voted back on so no clear direction for the company, think Simon Moore and Emmanuel Pohl should have circulated the shareholders with the detail of their plans long before the EGM motion was called and should have been a lot more proactive in opposing proposals 2-9, small selling today has capsized the share price so to raise more money for the company seems impossible unless the share price miraculously revives, best outcome would be for Gresham House or another institution to make a takeover offer or for the company expeditiously and cheaply to be wound up and the assets to be distributed fairly, as a small shareholder, I fear for my investment and think there is a very real chance that value may not be realised or eaten up in charges.
mw8156
23/1/2019
10:14
Maybe but so,ution is to appoint Boyle as manager and put a further single issue to shareholders Re appoint Boyle as director.
charo
22/1/2019
18:44
I think people are understandably confused by the voting at today's EGM. If you look at the voting pattern, taking into account votes withheld, other than agenda item one and two, the voting was broadly 970k-990k in favour of Boyle's proposals and 880-900k against. So,there was a strong trend in favour of Boyle's proposals. My guess is that since the Notice of EGM agenda was different to that on the Form of Proxy in respect to items one and two,some voters were understandably confused and mistakenly voted against Boyle and in favour of the proposed tender. My assumption is that the new board, consisting of Lawman and Coffin, will vote Boyle back on the board. Gresham House seem to have a reasonable track record in the smaller companies' sector and the potential arrangements between the two should solve the succession issue. Confusing I know, but I believe the result was probably best for shareholders as a whole.
profithunter1
22/1/2019
18:27
Boyle not wanted on board by shareholders.Passed sell by date. Now time to move forward.
charo
22/1/2019
17:25
Haha Rooky4 I didn't scroll down as far as that last line which presumably is a hangover from using the AGM announcement as a first draft. That's what happens when the office junior writes the RNS releases. The first resolution should also read Tender Offer not Tender off. David Lawman is a 'well-seasoned' stockbroker who I believe is currently with Daniel Stewart. If I was a director I would feel obliged to entertain a tender offer but at the same time request proposals from any interested parties to expand the trust with a placing to new investors and appointment of an investment manager.
danny baker
22/1/2019
17:06
Can anyone make any sense of the EGM results, as published? Boyle's off the board, but so are the Pohls. So we have a new board, without any info on Lawson or Coffin; if they are Boyle's nominees then Boyle is back as manager? There can be a tender, however the fund raising was down to the Pohls, but presumably they won't be interested if they are out of control. So are we looking at wind-up, as this IT surely can't shrink and survive. Or will the new directors just forget about a tender. Just to finish the confusion, there is the last line: "Resolutions 1 to 8 were passed unanimously with 42 voting FOR and representing 1,302,011 shares. No votes AGAINST and no votes WITHHELD."
rooky4
22/1/2019
15:54
Interesting voting result topvest. Boyle and the Pohls not voted back onto the board but a vote in favour of the tender. Presumably this is a vote for partial liquidation so that shareholders can exit at asset value. Tricky situation for the remaining directors to resolve.
danny baker
16/1/2019
10:59
Share price going down. Indicates to me that the tender offer is likely to be defeated and Robin may be getting back on board.
topvest
11/1/2019
20:44
Agreed, that its a bit sneaky of the company issuing this at 3pm on a Friday.
topvest
11/1/2019
20:41
I've decided to vote for Robin and Gresham House. Purely, because VALUE investing is what we got into with Athelney Trust and Pohl is more GROWTH investing. Its the wrong time in the cycle for that. Robin has messed-up big time with his resignation, but it sounds to me like Pohl has been moving in to take control. Gresham House are good and I have been in since the investment trust days. They have created a £2bn AUM business with 3 or 4 years, and have good track-records.
topvest
11/1/2019
15:56
Athelney registrars issuing the response to shareholders this late in the day is poor show. http://bit.ly/2CjcMTh
pelliot
11/1/2019
09:49
A response to shareholders from Robin Boyle is coming out on RNS at 3pm today apparently. Odd that the Company is slipping it out this late on a Friday. I guess they are hoping that it gets missed by shareholders.
pelliot
29/12/2018
15:08
seems to me that the opportunities in small caps are always present but much more difficult to access than was the case when this trust was set up 20 years ago; there is a lot of insider dealing and shenanigans on AIM and the major institutions all have well-resourced small cap teams so it's a lot more competitive than the days when robin picked up mountview for £3 or Goodwin for 60p To that extent, I wonder if the best thing would be to wind the Trust up or merge it into a bigger fund or make it a tracker with minimal ongoing charges.
mw8156
29/12/2018
11:26
EGM notice received in the post. Unfortunately, it is erroneous and will probably need to be re-posted. The notice includes 8 resolutions, but the voting form 9!
topvest
29/12/2018
07:55
You may be right. Robin holds 21% and no doubt his friends own a great deal more. I have always been a big supporter of Robin, but he seems to have changed his mind a few time on all of this. I'm torn between loyalty to him and actually thinking that Dr Pohl looks a pretty good bet for the company, particularly given Robin wanted to retire and is nearly 75. If you look at Dr Pohl's other funds in Australia these seem to have a pretty decent record. I won't make any decision until we hear Robin's side of the story as well. I would like to see the shareholder letter which will, no doubt, accompany the resolutions.
topvest
28/12/2018
22:11
messy - agreed indeed! What I wonder is this all costing in a small company like aty? David Lawman might be the man in the photo on the Daniel Stewart website but can't find any fit for Paul Coffin so without much further information would be inclined to vote against their election to the Board. Trouble is they may be large holders and in addition to the holdings of Robin Boyle might be able to force their way on to the Board and depose the existing Directors despite the views of small shareholders.
mw8156
28/12/2018
17:36
EGM resolution proposed by Boyle - its all got a bit messy!
topvest
03/10/2018
20:01
Yes, presumably it was changing the Custodian or something. It sounds to me like they ma have been falling out anyway as it appears a bit of an over reaction to quit on this one thing. Maybe Robin was used to having his own way. Who knows!
topvest
03/10/2018
12:16
think we are due further information from the Trust concerning the track record and style approach of the managers taking over, what is to happen to Robin Boyle's large stake in the company and the circumstances that resulted in his quitting; I read somewhere that it was to do with proposed changes to counterparties but do not understand what that involved.
mw8156
01/10/2018
21:48
must agree, a very respectable long term performance and thank Robin for the splendid hospitality after the AGMs over the years; guess small and microcap investing has become a whole lot more competitive in the last decade but there must still be room for someone with more than 50 years' experience and track record of increasing dividends each year for the last 15.
mw8156
Chat Pages: 8  7  6  5  4  3  2  1
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