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IBPO Ienergizer Limited

59.80
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Ienergizer Investors - IBPO

Ienergizer Investors - IBPO

Share Name Share Symbol Market Stock Type
Ienergizer Limited IBPO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 59.80 01:00:00
Open Price Low Price High Price Close Price Previous Close
59.80 59.80
more quote information »

Top Investor Posts

Top Posts
Posted at 15/6/2024 10:00 by argey123
FYI, I contacted iEnergizer through the generic email. The reply said Ashish Madan (Chairman) is now responsible for investor relations. The email reads:

"As per Boards direction, a uniform process is being followed for shareholders communication through the Company registrar’s Link Services.

Accordingly, please directly coordinate with the registered shareholders in whose name the shares are registered for all such communications which are to be circulated in due course of time to all the registered shareholders."

Sounds like more of the same. I don't know if we can actually ask any question through link services, seems like a one-way street!
Posted at 14/6/2024 08:11 by argey123
I've noticed the investor relations name & contact details have been removed from the JP Jenkins and iEnergizer websites (Don't remember 100%, but think these were listed before). He must have got fed up being asked questions he couldn't give any answers to! Trying my best to get a new investor relations contact to find out when this year results will be released and when the AGM will be held. Selling at 59.8p is just an insanely low valuation of the business. I'd rather accept the chance of a 0 and see if the dividend is reinstated or a better buy-back price is possible in future.
Posted at 08/1/2024 15:23 by davidosh
It would be good if they replied to questions or even better created a investor presentation and put it on the website to answer questions so we all get the same info.
Posted at 03/12/2023 11:03 by davidosh
Why can they not make this easier for investors by having a section for investors on the website that is kept up to date?
Posted at 22/10/2023 12:59 by nd8
Hi all, I think the dividend has been cut in order to reduce debt because the cost of borrowing has gone up substantially in the past few months due to overall steep rise in interest rates. This I feel is a smart decision. Regarding the current share price, it does not reflect the fundamentals of the business. Although the share price is painful to watch, it's only because of the lack of liquidity brought about by the delisting. If an investor does not care about liquidity and happy to hold for the long term then these things should not worry us too much. As Buffett had famously said many years ago about his shareholding in Coca Cola - even if they delist the company I wouldn't be worried.
Posted at 21/10/2023 09:56 by argey123
Got a notification from my broker (Interactive Investor) this morning to vote before the upcoming AGM on 1st November. 3 questions were;

- To receive a copy of financial statement for period ended 31/03/23
- To re-appoint the auditor
- To re-elect Mr Anil Aggarwal

No mention of a dividend being proposed/approved unfortunately.
Posted at 14/8/2023 12:01 by nico115
Radio silence from the BOD and investor relations ..they must live being private as no accountability to its shareholders any more .
Posted at 27/7/2023 09:25 by argey123
Update for anyone following this. I had sent a few emails to the investor relations contact in the past few week/months trying to get confirmation of the annual report date and the dividend policy going forward. Hadn't had any response so phoned and spoke to James today. He said the annual report should be getting issued soon, he's aware its later than recent years and also said the board will be meeting to decide on the dividend. He also said that the "SHARE SERIAL/UNIQUE NUMBER" field on the shareholder section of the website isn't required, just input the ISIN number. Hopefully we'll have some more information soon.
Posted at 23/4/2023 22:24 by lw425
So what if they are and do?

Will it get investors money back or change the delisting?

No it won't!

Why should I care what the opinion is from ' institutions ' who have made the initial investing error in the first instance? I'm hardly going to waste my precious time listening to what those same ' investors ' have to say now !

Abandon Ship.
Posted at 21/4/2023 18:17 by dodger58
The spotlight has recently fallen on the ease with which some companies are able to de-list from AIM and leave their minority shareholders with no market for their shares.The general rule under the Takeover Code is that a shareholder who acquires 30% or more of the voting rights in a quoted company must make an offer to purchase all of the shares in that company. However, if that shareholder holds over 50% of the voting rights already, then he can increase his stake without restriction. A shareholder could own over 50% of the voting rights of a company because he owned that stake when it came to market or because he has increased his stake and obtained a waiver of the obligation under Rule 9 of the Takeover Code, allowing him to own shares equal to or in excess of 30% of the voting rights of the company without having to make a general offer for all of the shares in the company. Such a waiver may be given by the Panel in specific circumstances, for example where new shares in the company are issued as consideration for an acquisition or where an underwriter incurs an obligation to make a general offer as a result of underwriting an issue of shares.With a 75% vote being required to delist a company from AIM, it is possible for a company to delist and leave its minorities high and dry on the vote of just one major shareholder. Following such a delisting, shareholders may find themselves with no market for their shares, other than the possibility of a matched bargain service. An example is Metnor Group plc, which delisted earlier this year. Metnor’s controlling shareholders had enough votes amongst themselves and their families to carry the de-listing resolution. Minority shareholders were left with no market in their shares, with the exception of a matched bargain service and they could not have any influence on the vote.The whole Metnor saga highlights a major issue in relation to AIM companies seeking to de-list. It is not unusual for an AIM company to come to market with a single shareholder owning over 50% of its shares. From thereon, that shareholder is free to stake build. Alternatively, as was the case with Metnor, less than a year before its de-listing, the majority shareholders increased their stakes to over 50% following a Rule 9 waiver, which was given because the company wanted to undertake a buyback of its shares.There are various solutions that AIM could consider, including a requirement for a positive vote of 75% of all of a company’s shareholders, not only of those present and voting at a general meeting to de-list or, it could increase the voting threshold up to, say, 90%. Another possible solution would be for majority shareholders in companies coming to market to be required by their nominated advisor to enter into a relationship agreement with their companies, undertaking not to exercise their votes in respect of some or all of their shares on any future de-listing resolution. Such shareholders though in companies already on AIM are unlikely to agree to this.If AIM does not strengthen its regulation of de-listings, then minority power might be able to exert some pressure on AIM quoted companies; the recent example of GSH Group plc is a case in point. When GSH informed its shareholders that it was intending to delist from AIM, the minorities had no options - one shareholder controlled over 80% of GSH’s shares and he had requisitioned the AIM cancellation general meeting. The shareholder informed the GSH Board that he intended to vote against any proposal by the company to make a tender offer for its shares prior to the cancellation. Minorities were therefore left in a position where their shares would have no market and the option of tendering their shares to the company for cash had been barred. Although minority pressure won the day, “following consultation with the Board and stakeholders of the Company [GSH]”, the shareholder re-considered his position and indicated in writing to the Board his support of a tender offer prior to the delisting at a good price.There seems to be no satisfactory solution to the issues raised by Metnor. The example of GSH shows that dissatisfied minorities can sometimes force the hand of a majority shareholder but this will clearly not always be the case. The effect of all this may be that institutional investors stop investing in companies coming to or already on the market, which are in the grip of one large shareholder; short term at least, this cannot be good for AIM.Clive Garston is a corporate partner at Halliwells LLP and Melissa Needham is a solicitor in the corporate department.
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