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GLN Glen Grp

0.06
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glen Grp LSE:GLN London Ordinary Share GB00B04C8N02 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Glen Group Share Discussion Threads

Showing 851 to 874 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
10/3/2009
09:11
Result of AGM

RNS Number : 3957O
Glen Group PLC
05 March 2009

Glen Group plc

("the Company")

Result of Annual General Meeting

and Extraordinary General Meeting

At the annual general meeting of the Company held today, all resolutions proposed were duly passed.

In accordance with Section 142 of the Companies Act 1985 an extraordinary general meeting was also held by the Company today to consider whether any, and if so what, steps should be taken to deal with the situation that the Company (being a public company) has net assets that are half or less of its called up share capital. As already announced, apart from continuing to pursue their stated strategy of building an integrated telecommunications business, the directors do not consider that any particular steps need or should be taken to deal with the situation at this time. No further steps were proposed in this regard at the meeting.

The name of the Company will change to Pinnacle Telecom Group plc with effect from 10 March 2009.

Name Change has now taken place continue discussion under (PINN)

flyingswan
07/3/2009
20:39
Yes, I'll look forward to that, this could really be doing with a lift.

Off Topic, baby was due last Thursday, was hoping it would come at weekend, now it is almost Sunday I'm thinking....please don't come yet, I need Monday morning trading at least, got 2 or 3 shares I'm hoping to close Monday. LOL.

Hope all is well with you.

sharewinner2
06/3/2009
12:12
Sharewinner2

My holdings are held in Nominee by J.M Finn & Co.

There should be an Interim Statement on Trading in May covering the last quarter of 2008 and the 1st quarter of 2009 . Hopefully it will be reasonably good .

Regards Vince .

vinny1066
06/3/2009
10:57
Thanks Dubois,
Did you get any feel from talking to the Directors?

ljsquash
06/3/2009
10:35
This I believe is the content of the agm and egm

As announced on 9 May 2008, the Company entered a consultancy agreement with
Graham J Duncan, the former group CEO. In order to assist in lowering the costs
of the Company, Graham J Duncan agreed to bring his existing executive service
contract to an end on 31 May 2008, without compensation, notwithstanding that it
had a one year notice period. Under the provisions of the Companies Act 2006,
the existing consultancy agreement was required to be approved by the
shareholders, approval to be secured before signature. Such approval was not
obtained at the time and the Company therefore proposes that the existing
agreement be discharged and a new agreement entered into for the balance of the
original term and on the same terms following shareholders' approval at the
Annual General meeting to be held on 5 March 2009. This is a related party
transaction under the terms of the AIM Rules and further details are contained
in Note 8 to this Preliminary Announcement.


Loss of capital


As the net assets of the company represent less than half of its called up share
capital, the company is required by statute to convene an extraordinary general
meeting. Accordingly, the company will convene an extraordinary general meeting
to be held immediately following the annual general meeting at the same venue.
Apart from continuing to pursue their stated strategy of building an integrated
telecommunications business, however, the directors do not consider that any
particular steps need or should be taken to deal with the situation at this
time.

dubois
05/3/2009
15:17
Vinny, do you hold any on certificate? I only hold in nominee account so don't know what any proposals were.

That's a strange statement about net assets. Not sure if I entirely understand that one.

sharewinner2
05/3/2009
15:14
Results of AGM just posted.
sharewinner2
05/3/2009
14:46
Last year was the 9th May can't see any advance notice for AGM 2009 yet?
ljsquash
05/3/2009
12:29
8Trader

It will be a long wait then for the Take-Over ?

The AGM to my knowlegde was not a current issue _ I had read it on LSE site . Personally i don`t have any idea when its due !

Regards Vince .

vinny1066
05/3/2009
12:12
All

I guess the AGM is being held today ? Or is it ???

Regards Vince .

vinny1066
03/3/2009
15:08
Ljsquash

Tend to agree .
The key is either get out as soon as they are consolidated.
or
Stay in if you think their story is worth the punt still. This being based on liquidity and share status . If all things are equal then it might go well .

The next 2 months will tell all.

Regards Vince .

vinny1066
03/3/2009
12:46
Every one of my low level consolidations has been a disaster, so I hope not Vinny.
ljsquash
03/3/2009
12:15
Knowing / FlyingSwan / All

Interesting stuff . The Scots are keen to rely and promote their own in-house technology and there is no reason to exclude GLN . Seems , as i have said before , that it appears to be well run with a particular vision on where it wants to go . Given that so many Companies are at present quite lost in every respect it is at least some comfort that we can at least have a honest run at this one even though the actual share price is so so very low . Ar such levels the average punter is less likely to become involved as it seems so worthless a stock . I suspect that if it has a future it will consolidate ( 100=1> 7p )
It would give the stock liquidity and some status . Probably totally wrong but anyway just some thoughts on the matter . Still would prefer in the short-term a Management-Buy-Out .

Regards Vince .

vinny1066
02/3/2009
13:43
Someones in for a few.
knowing
27/2/2009
10:58
President Barack Obama President Address Video:

It may be this speach whick mentions new networks in the US for Electricity, Fibre Optics and Telecoms. May be also carried out in the UK as a job creation scheme. Lots of Trianing too. If this happens I am sure Glen Group (GLN) will fly. IMHO

flyingswan
24/2/2009
11:43
All

Does anyone know if these are mainly buys ?

Regards Vince .

vinny1066
23/2/2009
15:02
All

Off to Ealing Hospital for a meeting . Check in tomorrow .

Regards Vince .

vinny1066
23/2/2009
14:57
Knowing

I generally work around the Ealing area but i live in South East London . Generally meet people in Central London . I am very flexible so day evening meets are okay .

Regards Vince .

vinny1066
23/2/2009
14:51
Where are you based vinny?
knowing
23/2/2009
14:50
knowing

If you get to London any days in the future let me know and we can have a few beers and that goes to any other punter out there ! Always like meeting people .

Regards Vince .

vinny1066
23/2/2009
14:41
Good to see the dips being bought. Often a sign that the bottom has been reached.
knowing
23/2/2009
14:40
All

See some small buying which is good . Hope all you lot out there are okay ?
I am currently punting on JJB 25,000 bought at 12p Just waiting-out at the moment .

Regards Vince .

vinny1066
20/2/2009
13:58
All / FlyingSwan .

I always like the way shares are effected by "Nothing" !!!!!!!!!!!!!!
We had buying of a reasonable amount 25,000,000 on 1 day when usually there is no dealing at all . Yes the shares responded but nothing of much significance . Then we have quite modest selling and the shares are struck down ! Then that causes the " Shaking of the Tree " and people jump-ship which as you know drives the price down . May ia suggest to all punters out there , if you can , stick in here as this stock could do us all a good favour within the next few months . As it stands i would like to sell some of my holding on a good profit but keep at least 1/2 running with it on a longer-term basis . If this out-fit is turning itself round we could do really well in the next 1 to 2 years .

Regards Vince .

vinny1066
17/2/2009
11:06
Yes, They appear to have been marked down this morning on no share trading as far as I can see. I think this is just the MM's trying to create a market. I suggest we all hold tight as as you this this company should to well with the recent cost cutting and focus on core profitable askects of the company. IMHO
Here is a link to the September 2008 accounts and statement to refresh your memory:

With half a million cash in the bank, the outlook looks good. DYOR

flyingswan
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older

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