Elektron Technology Share Discussion Threads

[beeks of arabia] 22/3/2017 18:34

Why not sell up then?

[tilly99] 22/3/2017 18:15

He is but maybe he's not wanted at home?? HahahaYes he should retire but he's being paid 300k per annum to head up our acquisition strategyOh hold on we are making no acquisitions!!John wilson told me a few years ago that once hartest was integrated that there would be no role for Daley and he would either leave or take a non exec roleI do wonder what he does at ekt..oh yes he's just taken charge of checkitHow's that going Keith???!!!!

[ricky357] 22/3/2017 17:34

Isn't KD of an age where he can just 'decently' retire?

[tilly99] 22/3/2017 12:28

SimonCan't see it happening but you will be my hero if it comes to fruition It will be a victory for all private investors and all the posters on here..not one of whom rates Mr D and his track record at Ekt

[simon templar qc] 22/3/2017 11:00

By the way guys the jointly signed forms were presented in court and will be done so again at some juncture.

Daley and Wilson will be removed but hopefully next time by the court under the director disqualification act.

[simon templar qc] 22/3/2017 10:55

Black, Tilly, Rod,

Now come on the truth of the matter is Daley bought a load of shares while she was in negotiations which was insider dealing, Pat myself and D&A were all in agreement and all signed for removal of Daley!

Now that is the truth!

What happened is Judith thought it would be a close call she was worried if the matter was placed in the public domain is it would affect the share price then refused to act further!

Those are the facts apart from one point and that was a deal done to sell her shares!

All the above facts will be dealt with in the next round of litigation.

[roddiemac2] 22/3/2017 10:11

Spec722 Mar '17 - 08:28 - 1074 of 1078 0 0
A few home truths here
The difference is Judith knew the score and sold up. She knew and her legal dept told her there was no point in fighting Daley and crew. One of the reasons was because ST insisted he do things his way so from the start the shareholder base against Daley was split. Had the shareholders united behind Downing and their legal team things would have been sorted years ago.

Exactly right Spec. Teamwork is lost on Simon.

[blackss] 22/3/2017 09:40

Unfortunately you cant just pick one part of a company you like to invest in. You have to look at the complete picture and Bulgin and Chuckit go hand in hand.
I appreciate Daley likes to view accounts as just the bits making money, everything else is either "startup" or "exceptionals" but in the real world you have to look at the complete picture. I agree with Beeks its baffling how you can quote stocks making a killing for you elsewhere and keep your capital tied up in this when it could be in those other stocks.

[beeks of arabia] 22/3/2017 09:02

So why don't you sell Tilly?

It's baffling, it really is.

[tilly99] 22/3/2017 08:29

Exactly castlefordEkt shouldve allowed NR to build TC and our copper product from within with massive share options Problem is Daley fell out with all the directors except John Wilson..and cos of that some v good personnel left and our future has always been in the hands of those 2,kd and JWThey have never delivered and never willDowning and Henderson were spot on to sell out and back Ricketts over daley and wilson Checkit our latest venture has used 8m pounds of capital and has returned Zilch

[spec7] 22/3/2017 08:28

A few home truths here
The difference is Judith knew the score and sold up. She knew and her legal dept told her there was no point in fighting Daley and crew. One of the reasons was because ST insisted he do things his way so from the start the shareholder base against Daley was split. Had the shareholders united behind Downing and their legal team things would have been sorted years ago.

[simon templar qc] 22/3/2017 08:04

Judith complained of poor financial control, I think that was an understatement, I cited reckless financial control and the evidence is proof of that!

[castleford tiger] 22/3/2017 07:58

And finally the shares rose 3 fold in the next 12 months !

You could not make it up

tiger

[castleford tiger] 22/3/2017 07:49

Then to make it worse we were locked in for 6 months and wait for it

PAYED A FEE TO SELL EARLY !!!!

plc

("Versarien" or the "Group")

Holding in Company

Versarien plc (AIM: VRS), the advanced engineering materials group, has been informed that Elektron Technology Plc ("Elektron") no longer holds an interest in the Company.

Under the terms of the Acquisition Agreement dated 6 June 2013 pursuant to which Versarien acquired Total Carbide Limited, Elektron agreed not to dispose of 5,714,286 ordinary shares in the Company it received as consideration for a period of six months from admission to trading on AIM. The Company has agreed, in return for the payment of a fee by Elektron, to waive this restriction and allow Elektron to dispose of its entire interest in Versarien.

[castleford tiger] 22/3/2017 07:47

Technology PLC

07 June 2013

7 June 2013

Elektron Technology plc

Conditional disposal of Total Carbide Limited - update

Elektron Technology plc (AIM: EKT, "Elektron" or the "Group"), the global technology group), has exchanged contracts on the sale of its subsidiary, Total Carbide Limited ("Total Carbide"), to Versarien plc ("Versarien"), for a total consideration of approximately GBP2.3 million of which approximately GBP1.23 million (net) is in cash and GBP1.05 million is in shares in Versarien ("the Consideration Shares"). The consideration represents the approximate net asset value of Total Carbide.

Total Carbide, a wholly owned subsidiary of Elektron, is a leading European manufacturer of sintered tungsten carbide components for a number of key industries and supplies several major European companies. The disposal of Total Carbide remains conditional upon the admission of Versarien to trading on AIM ("Admission") which is expected in due course. On completion of the disposal, Elektron will hold approximately 10.3% of Versarien's share capital following Admission.

Approximately GBP0.7 million of Consideration Shares are required to be held by Elektron for a minimum period of 6 months and will be held as an investment. There are no restrictions on the balance of GBP0.35 million Consideration Shares. The cash proceeds of the disposal will be used by Elektron to reduce borrowings.

The proposed disposal is part of the Group's rationalisation of its portfolio, focusing its investment in its core brands and key segments of Connectivity and IMC (Instrumentation, Monitoring and Control). Elektron is continuing to transform its business, building an innovation-led technology company through its strategy of innovation, streamlining operations, investing in infrastructure, people and capabilities, as well as focusing resources on key brands and product offerings.

Further details on Versarien and its Admission to AIM can be found at

IT WAS MORE ABOUT GETTING SHUT OF NEIL.

Why not hive off the division and give him massive share options based on the growth of the company.

[roddiemac2] 21/3/2017 23:00

Simon,

I remember you felt that Judith had somehow let other shareholders like yourself down by dumping her shares. I pointed out that Judith`s only responsibility was to her own investors.She did the wise thing.

[simon templar qc] 21/3/2017 21:36

Not exactly certain I think it was "poor financial control" but if you remember she prepared a lengthy document with a lot of detail. She also claimed Daley should not have purchased shares when we were seeking his removal which amounted to insider dealing.

All these matters will be brought to the attention of the public at some juncture.

The fiasco here put her off manufacturers.

[tilly99] 21/3/2017 21:21

Simon What were the words she used?"No financial acumen" or "no control over their finances"Her prediction came to fruition months later when Daley announced a huge profit warning followed by many others until we nearly went bust cos of the move out of ChinaDowning and Hendersons sold out as they didn't rate the Elektron directors ..shame as it would've been nice to have institutional holders:support ..private investors won't touch this and haven't for over 7 years..the ill judged Jsop scheme didn't help..then the cancelling of the dividend that Daley called sacrosanct

[tilly99] 21/3/2017 21:11

Yes I am beeks A bozo

[beeks of arabia] 21/3/2017 21:04

So you respected her and she sold out, yet you never trusted Daley and stayed in EKT?What a bozo.