Elektron Technology Share Discussion Threads

[arthur_lame_stocks] 01/8/2016 17:31

Actually Pat I told Barrie that I thought he would lose and it wasn't worth it, I certainly never egged him on.

[spec7] 01/8/2016 16:41

How did you vote at the AGM re: directors remuneration pat ?

[patviera] 01/8/2016 13:15

And Arthur its thanks to you egging Barrie on that he lost a lot of money so best if u keep ure gob shut!!

[arthur_lame_stocks] 01/8/2016 13:09

Well patviera you had your chance to support Barry Bridges but chose not to take it.

[patviera] 01/8/2016 12:29

The directors are very lucky they can buy 3 pct of the equity at mid market price at all time lows!!So ekt the company loses money but the directors make(hopefully!!)Same old story!!One day us shareholders may make a capital gain or a dividend?!!I was always taught that shareholders dividends and profits came before director bonusesHmmmmmmm

[blackss] 01/8/2016 12:23

In fairness they have to hit 15p and still be employed here by 2019 which is pretty unlikely.

[wistleblower] 01/8/2016 07:56

Monday and an RNS. New order,new product,new investment? no a new scheme to reward the poor underpaid bosses.

[spec7] 30/7/2016 17:01

Patviera
Welcome back
The company says
“Following the previously announced sale of Agar Scientific for initial proceeds of GBP2.0 million, the Group net cash position is expected to be around GBP0.3m at 31 July 2016 compared to a net debt position of GBP1.6m as at 31 January 2016.” So they have only paid down debt by selling assets again? any profits have been completely wiped out by NPD and bonuses
.
The usual nonsense about current economic uncertainty which has been an excuse for 10 years now on top of the Brexit excuse that everyone is using diverts from the fact that they didn’t actually mention any profit this time at all.
.
Let’s be honest, the core business here now is solely there to fund checkit and the boards lifestyle. Without checkit there is still some hope of a vastly downsized but profitable little company. Checkit is a huge gamble using your money. Now we know that the order book is down and they are having to put prices up and yet £77k to Keith, not even a pretence of trying to link this to performance, its just a sharing out to the board of what might have been your dividend. Expect further asset stripping this year in the name of an efficiency drive.

[blackss] 30/7/2016 16:33

These are questions you should be asking D&A pat. They effectively bankrolled this out of bankruptcy and took a position on the board. One assumes they are very happy with the progress ?

[patviera] 29/7/2016 08:48

I held many shares in vcp,tiger, but left too much on the tableAmazing performance v well done

[patviera] 29/7/2016 08:47

Did we just make the numbers last year to trigger the bonuses? And weeks later a profit warning?HmmmmmmmShareholders are a mere distraction!!I didn't vote in favour of the LTIP or the agm resolutions as not sure directors are worthy of any bonuses unless Checkit is a raging successAll bonuses should be linked to checkit and nothing else

[castleford tiger] 29/7/2016 07:51

they should read the VCP statement and their business plan.

I quote from it..............

Victoria's business plan isn't anywhere near so grand; it fits on a single piece of A4 paper. I wouldn't want to claim it is the most brilliant business plan ever devised but it is simple, clear - and wholly focussed on the mission: "To create wealth for shareholders

My shares have gone from 140p with cash back of 292p to 1250p each.

It can be done.

tiger

[yoyoy] 29/7/2016 06:34

BSS,

It might be a legal (company law) or other ( M&A of Association)requirement.

"Do shares in a company vest in a trustee in bankruptcy?
Resource type: Ask Status: Published on 03-Mar-2015 Jurisdictions: England, Wales
Where a individual is made bankrupt their bankruptcy "estate vest[s] in the trustee immediately on his appointment taking effect or, in the case of the official receiver, on his becoming trustee" (s.306 Companies Act 2006). This would give the impression that any shares held by the bankrupt (which fall into the bankruptcy estate) would also vest in the Trustee in Bankruptcy. However, as per your note entitled "what happens to shares when the shareholder is bankrupt or becomes mentally incapable", a company's articles "may give the company's directors power to refuse to register a transfer of shares". Therefore, on this reading, vesting of the shares in their entirety, is not automatic. Is it therefore fair to say that, on an individual being declared bankrupt (the "Bankrupt"), only the beneficial interest in their shares vests in the TiB and the legal title remains with the Bankrupt until the company (acting by its directors) registers the transfer? Or is there some other legal reason why, despite the estate automatically vesting in the TiB, the TiB's powers (including being able to vote) are limited until the transfer is registered?
Anonymous (Private Practice)"

[blackss] 28/7/2016 22:28

Rather an unnecessary little dig at Barrie i think.

[yoyoy] 28/7/2016 21:13

Thanks BSS

Didn't read all the RNS. Doh

[blackss] 28/7/2016 17:39

Its says on the RNS that 3m were discounted as the owner was declared bankrupt in the Liverpool courts.

[yoyoy] 28/7/2016 17:08

I don't think Barrie owns any shares now.

[blackss] 28/7/2016 17:00

And holders of 90m didnt vote at all + Barrys 3m were not counted.

[yoyoy] 28/7/2016 16:29

holders of 2m+ shares voted against the directors remuneration report

[blackss] 28/7/2016 15:19

I think as i said before if the major holders are happy then that's all that matters,at least smaller holders have a choice. There can't be any left that didn't know the score long before this update.

[spec7] 28/7/2016 14:58

As i see it the purpose of any listed company like this is to create cash flow from sales and return investor value in the form of dividends and a rising share price Elektron was a perfectly good company that did all this. Now all is being risked to change the market for Elektron with the sole purpose of doing exactly what the original Elektron was doing anyway IE: create cash flow from sales and return investor value in the form of dividends and increased share price. Unfortunately with Chuckit being a money sponge lining a bottomless pit and a management rewarding themselves with bonuses for 8 years of utter failure it's difficult to see this going in any other direction than down the plug now.

[yoyoy] 28/7/2016 14:29

"In addition the Group is implementing further cost saving initiatives".


err.

Directors bonuses totalled £205k !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

£77k each for Daley and Wilson and £51K for Andy.

Any comment from PatViera

[yoyoy] 28/7/2016 14:20

"Elektron took action to increase the vast majority of sterling based output prices"

Did they increase the prices or just "took action" to increase prices?

[spec7] 28/7/2016 11:27

zcap
As i understand it debt has been reduced by a £2m investment from D&A and the sell of of Agar for £3m , it's not quite the same as actually earning money.
Yoyoy
I think if Checkit had achieved any sort of sales they would be singing it from the rooftops. Remember Wilson was responsible for group sales excluding checkit, Daley was responsible for sales of checkit and his "bonus" was ex gratia...in other words it wasnt a sales performance payment.