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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cosalt | LSE:CSLT | London | Ordinary Share | GB0002265055 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.825 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/2/2012 09:22 | ravenna..."Sort pledges exceed 25%". How official is that? Are you talking 25% of the total issued shares? If definite this has to be a screaming buy at 0.8p. If just a guess then the share price movement today ie. down 0.25p is saying the opposite. I don't hold here but would like to if the company is forced to keep the quotation. | the_beagle | |
23/2/2012 08:37 | MM's want your shares...spread is 0.5-1.0p ;-)) | aspers | |
22/2/2012 09:25 | I've already voted against resolution 1&2. 44% shareholders had and will not be wrong. I'll be a shareholder after 27/2. regards | john168 | |
22/2/2012 00:58 | Sort pledges exceed 25%. Looks hopeful! | ravenna23 | |
20/2/2012 12:29 | Excellent posts ravenna, I agree with your 7p prediction as it ties in well with my theory that a certain target breakeven is around 7 -8p. This must happen before the fireworks start. Next monday must be won first, aimho. dyor regards active | srpactive | |
20/2/2012 10:59 | Received today Further to my recent email regarding Cosalt, I think the letters I have received and the documentation which has come from shareholders make a strong case for some kind of enquiry. I am, therefore, referring them to the Financial Services Authority and the Office of Fair Trading to ask for an enquiry. I am not hopeful about getting this but certainly what has happened looks dodgy and is well out of line with the proclaimed ambitions of the government to enhance the powers of shareholders. Yours sincerely AUSTIN MITCHELL GREAT GRIMSBY | ravenna23 | |
20/2/2012 08:56 | Interesting: E.ON Seeks Wind Farm Investors - Report Share this article EON (XE:ENAG99) Intraday Stock Chart Today : Monday 20 February 2012 Click Here for more EON Charts. German utility company E.ON AG (EAON.XE) is in talks to include financial investors in its off-shore wind projects, the head of the company's Climate & Renewables unit Mike Winkel told the Financial Times Deutschland in an article published Monday. Winkel said E.ON wants to sell minority stakes in its wind farms in order to fund even bigger projects. The company wants to invest EUR7 billion over five years in the expansion of its renewable energy sources, the article said. The company hopes investors will be keen to profit from Germany's energy policy shift, with risk-averse investors like pension funds and re-insurers the most likely target group, the article adds. Newspaper website: -Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500. ==================== Also read in the investors chronicle that greenko since September has received financial support from General Electric of $50m and $70m from Standard Chartered for their wind subsidiary. Just goes to show there are some very big players with deep pockets out there, WILLING TO FUND. dyor regards active | srpactive | |
19/2/2012 15:32 | A message from CEO Trevor Sand( It came a bit too late but right one at last) 16 February 2012 Trevor Sand admits company is on sound financial footing: "I am glad to be able to say that the Company has overcome a number of challenges so that we are now in a sound financial position and have a clear idea of the way forward." ........and now he manages to understand the business better and outlines future prospects....... "Fortunately I have had time to get to know Cosalt and the people in the Company and there is no doubt in my mind that it is a good business with the potential to be a highly successful one. Currently we operate in very specific markets providing specialist safety products and services to multiple industries across the globe. Our biggest market today is the offshore oil and gas markets were we see good prospects going forward. What is also clear is that the teams within Cosalt are not simply providing products to customers; we have enormous expertise within the business across our chosen niche sectors. Looking forward, I intend to develop our role as advisors to our customers working in partnership with them to meet their challenges and anticipate their needs. I don't believe our competitors provide the same depth of expertise and we are very focused on differentiating our offer." The next few months will see the opening of our new training center in Aberdeen for the Offshore Division, where we will train both customers and our employees, ensuring that we will stay ahead of our competitors in technical expertise. Additionally the re-configuring of our workshops will be completed which will allow us to further improve the way we can respond to customer requirements and increase the speed with which we supply products. In our Workwear Division we will be rolling out the South East fire brigade contract to 8500 UK firefighters. I very much look forward to providing further updates on our progress." Trevor Sands | badhshah | |
19/2/2012 10:25 | If PIs are clever enough to hold their atleast 25% of the whole issued shares at any time then we have a good chance of reaping a huge reward. If that is the case then ROSS's only success would come through the increase in the share price, he holds 56% of the equity. He will not be able to delist it as he won't have 75% majority to delist the company. If PIs keep 25% of the equity at any time, he won't be able to have an overall majority. CEO who happened to be worst ever CEO for Cosalt hsareholders in the past now had to come out with this statement that "company has a bright future even as a listed vehicle". He says it has got no more financial uncerttainties due to Ross's support ( a big question mark). No matter how this company has come to a stage that now it has no more financial issues and that it has formed itself in a gear of strong growth ahead, it also becomes imperative for private shareholders to stick toghether and do not let Dross off the hook. Those of you who have shares vote now and those who can buy more, buy and vote NO you still have time to do it. how you can do it just go to www. savecosalt. com. Act now and protect your investments for yourselves. | badhshah | |
18/2/2012 16:17 | its a long haul , but as someone said earlier if we are listed on a market that gives some liquidity we have a chance of getting something back and it will not be quite as easy for us to get diluted heavily , no doubt a way will be found but there would be some hope , but thats about all at the moment . | holts | |
18/2/2012 16:06 | So, if the BoD fail in their privatisation bid, are we saying that the share price will return to previous levels and if so why ? | silverscoop | |
17/2/2012 20:14 | because no one knows for sure how what the future holds, Ross still has a chance of winning the vote for one thing. | madd1 | |
17/2/2012 18:33 | am i right in thinking that if this co survives .. does a miracle turmaround then my 40k shares at 0.89p could be worth £1?? one day... so why are people still selling that i find hard to understand.. | narindg | |
17/2/2012 18:07 | terms: DELISTING Further to the previous message additional information has been received. Relative Details and Dates: 27 Feb 2012 - General Meeting of Shareholders. 27 Mar 2012 - Expected date of cancellation of listing and trading on the main market. NAME CHANGE: A Special resolution will be proposed to change the Companys name to Cosalt 2012 Limited. Usually, upon re-registration as a private limited company, the company would keep the same name and only the suffix would change. However, Cosalt Limited is already in use by a group company of the Company and, accordingly, a new name must be adopted for the Company upon Re-registration. MATCHED BARGAIN FACILITY: Under this facility Shareholders or persons wishing to acquire shares will be able to leave an indication with the matched bargain settlement facility provider that they are prepared to buy or sell at an agreed price. In the event that the matched bargain settlement facility provider is able to match that order with an opposite sell or buy instruction, the matched bargain settlement facility provider will contact both parties and then effect the order. Shareholders who do not have their own broker may need to register with the matched bargain settlement facility provider as a new client. This can take some time to process and therefore Shareholders who consider they are likely to avail themselves of this facility are encouraged to commence it at the earliest opportunity. The contact details of the matched bargain settlement facility provider once arranged will be made available to Shareholders on Cosalts website. Further information may follow in due course | holts | |
17/2/2012 12:22 | Letters to MPs I sent a lot out and after weeks of silence they are all coming back! Most have referred the matter to Vince Cable. The consensus seems to be that it is up to us to reject the Ross proposal as shareholders and then the cavalry will come in! VOTE AGAINST DELISTING | ravenna23 | |
17/2/2012 12:09 | As I have said many times before...4p and maybe we can start talking....even at that you will be getting a bargain!! | aspers | |
17/2/2012 08:43 | One man can be wrong, but thousands of shareholders cannot be wrong, DR has failed three times, he'll fail again. If you want to see the true value of your shares, then don't forget your vote, every vote count. regards | john168 | |
17/2/2012 08:37 | MMs are seriously short of stock, two little buys at .829 and price moves up. Those who are buying please join the SORT compaign and vote NO to Dross's plans. How to vote have a look at www.savecosalt.com. | badhshah | |
16/2/2012 22:09 | i kinda feel sorry for Trevor tbh, he really must be caught between a rock and a hard place. It cant be easy working with Ross after what he has tried to pull through deception and trickery | madd1 | |
16/2/2012 09:39 | from the grimsby telegraph comments page today Spotted in the Grimsby Telegraph.. by exKingstonian Thursday, February 16 2012, 9:09AM . "Trevor Sands, Chief Executive and co-director of Cosalt, has a strong financial background and broad general management experience gained with a variety of international companies. As the Chief Executive he has access to all the information regarding the company's finances, operations and future prospects. This is a very privileged position as only he and the chairman of the Cosalt Board of Directors, David Ross, has unfettered access to this sensitive and critical information. In the latter part of last year David Ross attempted to take over Cosalt. A very grim picture of Cosalt's future was painted in order to support the takeover. The initial takeover offer was rebuffed by shareholders and even after the original offer was doubled shareholders continued to spurn the attempt to wrest the company, its assets and acknowledged bright commercial future from existing long term owners and financiers of the business. At the time shareholders complained about the lack of complete, accurate and timely information necessary to evaluate the takeover offer. This information was not forthcoming and shareholders were completely reliant upon the fiduciary duties placed on the board of directors to protect the interests of shareholders. Of those shareholders who refused to accept the takeover offer many expressed concern as to how the portrayed draconian financial situation had developed so rapidly a matter of weeks. This was despite a recent large influx of funds as a consequence of selling company assets. Further analysis and commentary supported a view that certain financial transactions were opaque and not made in the best interests of the long term future of the company. Furthermore the board of directors had, either negligently or naively, engaged in financial engineering to allow David Ross to takeover the company and return Great Grimsby's only publicly quoted company into a private fiefdom. The present situation is that David Ross has managed to accumulate a marginal controlling interest in Cosalt, an interest at a cost significantly lower than that which he would have had to pay, even now, on the open market. A certain amount of sympathy might be warranted for shareholders who have lost out financially in accepting Mr Ross's offer. But more importantly it is evident that the mis-information circulated to support that failed takeover should not be allowed to cloud the decision regarding de-listing Cosalt. Still reliant upon information from the Cosalt board of directors shareholders will have to factor in the latest news from the board. The news is that 50% of the Cosalt board of directors has publicly stated it was "....confident in the future of the firm even if it remained listed." Thank you Trevor Sands for your well informed Cosalt Board of Directors and Chief Executive guidance as to the future of Cosalt | ravenna23 | |
15/2/2012 19:19 | From div hunter LSE p&j article Actually admitting that listing only costs £500,000 pa and "we do not get a lot of benefit out of that". Wonder how much this whole process of trying to delist has cost us. Call off the meeting Mr Ross, save a bit more money. article by Ross Davidson. "The chief executive of Cosalt said yesterday he wanted the company to return to private hands, but added he was confident in the future of the firm even if it remained listed. Shareholders in the engineering business will vote on proposals to take it off the Stock Exchange later this month, but Trevor Sands said the company was more focused on preparing for the busy months ahead. Mr Sands said he was certain the company would have collapsed before Christmas without the support of chairman David Ross, whose takeover offer was made unconditional last month. Mr Ross controls just over 56% of Cosalt's shares and needs 75% of shareholder support at a meeting in Grimsby, where Cosalt is based, on Monday, February 27. Mr Sands said Cosalt and its employees, including 250 at the Aberdeen-based offshore division, felt the business had already turned a corner regardless of the outcome of this month's vote. He said: "In our minds the change has happened, the future of the company was secured when the offer closed. "The whole point of the general meeting is that Cosalt runs up a lot of costs as a public company around £500,000 per year and we honestly do not get a lot of benefit out of that. "The reason for being public was to have access to funds, but at the moment those funds are only coming from the majority shareholder. "As chief executive of a publicly listed company with no access to funds I am focusing on the regulatory requirements, but I would rather be focusing on opportunities to help the group grow and prosper." Rod Buchan, chief executive of Cosalt's offshore division, said morale among the company's staff was still high despite the firm's difficult circumstances, adding: "The uncertainty surrounding ownership and stability are now behind us and we want to focus on the business." Mr Sands said Cosalt had been able to hold on to employees while its future was uncertain. He added: "I am very proud that we have not lost that technical expertise as we have gone through these tough times. "The company still has issues to deal with. It still has large debts and the pension-fund deficit has to be resolved. "That is not going to be sorted out in a few weeks, these are long-term problems, but we are now in a position where we can worry about long-term problems." David Ross gave Cosalt a £5million loan to provide capital for investment and has said previously he would take on the firm's multimillion-pound debts and pension deficit if it was delisted from the Stock Exchange." | ravenna23 | |
15/2/2012 12:10 | Interesting....2p plus coming again?? :-))) | aspers | |
15/2/2012 10:52 | Just received my proxy vote from Halifax Bank of Scotland....my no vote's sent,they need to be at the Halifax BOS Leeds office by 21st Feb. | aspers |
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