thanks bonio
i have just read through it and still interpret the meaning and my understanding per my previous posts. |
So any significant increase in the share price over the base price and they get approaching 10% of the company.
For doing their job.
Yes, it is win win if the company is a success, but the risk is one sided if the company is not a success. There should be an upper limit to the scheme.
I feel AIM LTIPs are overly generous. Directors can't 'lose' what they've never had but shareholders can lose everything.
It's similar logic to imposing a new tax and describing it as removing a tax break. |
 cocorico
I assume the current terms will be the same.
I can't remember what share of the 5,000 units has actually been issued.
in respect of:
(a) LTIP 1, the value of the LTIP Pool will be calculated
on the Calculation Date as equal to 5% (five
percent) of the total increase, if any, in the Company
Value above the Hurdle Value applicable to such
pool; and
(b) LTIP 2, the value of the LTIP Pool will be calculated
on the Calculation Date as equal to 5% (five
percent) of the total increase, if any, in the Company
Value above the Hurdle Value applicable to such
pool;
Share Price
(a) in relation to the first LTIP Period, the average
closing price of the Shares on the Dealing Days
falling in the 30 day period following the
announcement of the full year audited results of the
Company for the year ending 31 December 2021;
and
(b) in relation to each subsequent LTIP Period, the
average closing price of the Shares over the 30 day
period following the announcement of the full year
audited results of the Company for the final year of
the LTIP Period; |
In fact I got it wrong:
The Remuneration Committee has set the hurdle price of the LTIP 1 and LTIP 2 units for the current LTIP Period, of 1 January 2022 to 31 December 2024, at 28p and 33p respectively.
So they are now lowering their sights and making sure they can benefit from the collapse in the share price. |
ok - that being the case
'the value of each pool is calculated at 5% of the increase in the Company's share price above the base share price for each pool'
therfore :-
LTIP 1 = 5% x (SP>15 - 15)
LTIP 2 = 5% x (SP>20 - 20)
They key being 'greater than' (>) the hurdle price.!!
So 5% of something worth while would need to equate to an share price many times the hurdle price !!!
eg
SP @ £1.15
LTIP 1 = 5% x (115 - 15) = 5p
or do i have this all wrong ? |
Cocorico
Yes - I believe that is right.
So over 15p and 20p at the end of the period and they get a payout.
The rates have not changed in the 5-6 years since the LTIPs came in.
That speaks volumes.
This is also the BOD that only 6 months ago realised the NEDs were wholly unsuited for a product they started to develop over 3 years ago. |
Anyone?
TIA |
Cocorico
Don’t ask me it’s not my area of knowledge!
There used to be a document explaining it all in their accounts |
'So 3 and 4 times the current price. I doubt anyone will be complaining when those hurdles are reached.'
As a stepping stone to greater things... |
G2
Agreed, reasonably priced. |
Nick,
Can you help with a bit of clarity for me please.
'Each of LTIP 1 and LTIP 2 consists of 5,000 LTIP units that collectively form a pool and the value of each pool is calculated at 5% of the increase in the Company's share price above the base share price for each pool, respectively.'
'The Remuneration Committee has set the hurdle price of the LTIP 1 and LTIP 2 units for the current LTIP Period, of 1 January 2025 to 31 December 2027, at 15p and 20p respectively.'
Is the 'hurdle price' the same as the 'base share price' (just a change of terminology), or are they 2 separate values in their own right.
TIA |
Scheme seems reasonable to me
Roll on 2025! |
‘ Would be nice if the scheme made them pay back salary for share price destruction over the last 3 years.’
Who would want to work for a company that did that?
Its investors that have destroyed the value over the last 3 years by selling and moaning while they have been hard at work developing elevate.io into an incredible product that is world class.
They have actually delivered on this. |
Good to see the BOD's first thought into the new year is still themselves and how they can benefit from yet another scheme on top of all the other salary and options granted.
Would be nice if the scheme made them pay back salary for share price destruction over the last 3 years. |
Silly Billy will Probably end up as Rachel Reeves (from accounts)replacement soon |
Well when the Silly Billy thinks Albatrosses are flightless, I guess his judgment on other things has to be considered equally questionable. |
Hairflick
No risk on that, SS and Ian M know the real value to big tech.
The stock market and it’s price discovery is made up of people like thiopia |
You lot are away with the fairies.
They're more likely to change the ticker to DODO than this actually become a Unicorn |
The biggest risk or gamble is if a good but not brilliant offer is made while the share price is this low.
I’m not that fussed about the signed up user numbers atm as I think 40000 is a good test of the platform. In truth I doubt 10% of that are actively using it, but it’s still a not insignificant number if they are the profile of user who would go on to subscribe.
The more users who aren’t paying will be draining the coffers at this stage in terms of processing and storage costs.
Equally for fancy effects from 3rd parties which would cost to provide. Bring them in close to launch point on a puppy dog basis , 30 days free then pay to play. |
How do you guys see risk?
I see product risk heading to zero, it looks very likely to be released (paid version)
Already it’s easy to checkout the free version look at the quality and project where it is going design wise and that’s a Win
The technical achievement here should not be underestimated
I see risk of a competitor coming in close to our launch window as very low.
So a lot of important risk factors are close to ending.
So risk is more on the business side
We look at the competition, in terms of Cloud video it’s poor, elevate.io will be the one to beat
So it’s now down to marketing and customers if we really have to go it alone. |
I have a feeling if all ISA /SIPP HELD BIRD shares where public knowledge or taken into account we may have a different matrix.
BWTFDIK
SSB |
Thanks SSB & others. All my BIRD are in my S&S ISA so fingers crossed for the ride. 🤞 |
Clearly we have different expectations Hairflick.
Once you start multiplying a few small numbers together you get big numbers very quickly.
If (yes, I know) certain hurdles are cleared, the rest follows… |
let's hope NickB ... this greedy lot might put a cap on the tax free gain within an ISA |
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