I'd love to invest in the company but Lapthorne and his cronies are skimming off too much in salaries and fees: their snouts are stuck in compensation trough. Not content with the generous NED salaries for a company of this size, they are charging fees for consultancy etc.
w1 |
well hopefully someone else will see the value in taking it over, firing the lot of them and increasing profitability?! |
I'd love to invest in the company but Lapthorne and his cronies are skimming off too much in salaries and fees: their snouts are stuck in compensation trough. Not content with the generous NED salaries for a company of this size, they are charging fees for consultancy etc.
w1 |
All good QS!, let’s hope steady progress in their new markets come to fruition!, all positive for the future share price! |
Thanks hmt. This has been on the watch list for a while. Decent RNS today, albeit jam for the future, but something other than that IMO must have driven the spike. Good luck with it and have a good rest of the day. QS99 |
If there is an good news behind this rally, the regulator needs to be ready to investigate. |
No problem QS99, Just got to research thoroughly, lots of positives going forward in my opinion with little downside, not a day traders share, but definitely a medium to long term hold, with lots of potential upside. |
thanks hmt, just v. quiet for a share that is up 50% in less than a week! |
Am a holder and will confirm to build holding! |
All the info is out there as hsharon has pointed out, many fingers in many overseas expanding markets, legacy issues well and truly behind them,as well as breaking into Uk markets with recent acquisition, turnover creeping up year by year, not quite on the radar of value investors yet!
But any good news on expanding turnover and profits will move this northwards! |
still no views? |
this has gone bonkers and yet no posts? |
any thoughts on why the spike? |
Rumor has it there going to sell off operations in India. Tax to high in India on taxable profits. |
hxxps://www.insuranceage.co.uk/broker/4189571/cpp-group-pushes-into-broker-space-with-niche-broker-buy
10 bagger! When CPP is 40p+ per share in 2020 you’ll kick yourself for not seeing the signs. Read what’s out there in the public domain. |
Great acquisition UK insurance broker Business&Domestic Insurance Services |
HodHasharon please explain thanks Jonesy |
Only a matter of time before this one pops. A ten bagger if ever I saw one.
hxxps://www.thebusinessdesk.com/yorkshire/news/2043258-revenues-top-60m-at-listed-finance-and-insurance-services-provider |
hxxps://www.verdict.co.uk/life-insurance-international/news/blink-flight-disruption-insurance/ |
hxxps://www.insidermedia.com/insider/yorkshire/double-appointment-for-cpp-group-uk |
This is a quote from an FT article when Lapthorne joined the company:
Nonetheless, he was incensed by the pay of CPP’s ex-boss Mr Callaghan who was paid £175,000 in salary and £575,000 as a bonus for just five months work — about 1 per cent of CPP’s market value.
Lapthorne has a short memory. This year the CEO was £257k salary, £255 bonus, around £70k in benefits and appears to have been gifted options on 10,000,000 shares with no hurdles (other than keeping his job). Meanwhile Lapthorne paid himslef £160k and his croney Hamlin £140k, excluding the £90k paid to his HR firm for leaderhsip consultancy.
This during the year they fired loads of people (£3.5m cash charge) and the share price halved. It appears that Lapthorne and his cronies from C&W were looking for a trough to park their snouts.
w1 |
CPP are exhibiting at Mello2019 which may be worth attending
ShareSoc have a special discount for our full members to the Mello2019 show! So, if you are planning on going to the Mello event it may be worth joining us as a full member too here:
You can save up to £60 on the £149 ticket if you join ShareSoc! |
I had a look at this, but the business doesn’t look high enough quality to me. Only looked because Phoenix had a large stake. |
0419TP0017P |
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