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IBPO Ienergizer Limited

59.80
0.00 (0.00%)
Last Updated: 01:00:00
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
more quote information »
Industry Sector
SUPPORT SERVICES

Top Investor Posts

Top Posts
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 17/5/2023 23:07 by cyberbub
Guys just been keeping an eye on this. I was involved in a very similar delisting scenario at TriStar (TSTR) a few years back. In fact it was less promising than IBPO, as the smelter owned by the company had suffered problems and was not yet fully completed, whereas IBPO is a working and cash-generating company. TSTR owned about 15% of the smelter project, and a British 'whale' investor owned about 60% of TSTR. If all went to plan the TSTR shares should have eventually been worth 100p+ each. Because they didn't need money but also didn't want to spend money on listing fees, the company (ie the 'whale') announced that it was going to delist at about 15p IIRC and the share price collapsed to 5p. I did buy a modest amount at that point, thinking that I would get my shares certificated and then just wait a few years for the majority owner of the smelter to buy us all out for 100p. Obviously very risky but there was a possible 20-bagger in it. Sadly I panicked a bit when the shares plummeted further to sub-2p each on the last couple of days, and because I wasn't getting a clear answer from my broker as to whether a matched bargain facility would be available or not, I sold out at a loss, sigh. There was in fact a matched bargain facility set up, and there have been occasional small trades taking place on it, but no sign of the buyout or of any divis, 3 years later, and the level of news issued from the company is almost nonexistent, private shareholders are having to rely on foreign media reports and rumours from random employees. I know all this as the TSTR board is still running and occasionally I have a look. The points I'm making are: 1. there is a likelihood that the share price will become very volatile on the last two days of trading - don't panic! 2. Get your shares certificated *now*, if you intend to hold after delisting, 3. be prepared for a long wait to see any buyout etc, make sure you're not needing the money, if you are forced to sell on the matched bargain facility it will take time (typically one trading auction every 3 months) and there is always a very wide spread, 4. be prepared to have little or no news, the company will have to file annual accounts but these may or may not be easily accessible, and there may be little or no narrative with them, you'll have to do your own sleuthing, 5. you will have no control whatsoever over events, and if the company re-registers in a dodgy overseas tax haven then you will have few or no rights if the company decides to shaft minority private investors. It's definitely not as simple as 'sit back and let the divis roll in'...! I hope this insight is useful. No advice intended of course, DYOR
Posted at 26/4/2023 11:06 by davidosh
I am clearly staring at posts from traders and not investors so I am posting this purely as a risk/reward analysis but I intend to have a meeting with the chair as this company cannot go from being a billion pound company to less than a £100m purely on a non operational announcement without it being an absolute bargain if there can be clarification on some matters going forward.

I need the chairman and board to give clarity and confirmation on those and I know the major shareholders will want the same.

This is a growth company that has paid a significant dividend. If that continues then whether it is on market or off market the value of the company is probably five to seven times greater than where it is now and we know the large shareholder who has requested this delisting really does like his dividends.

That is an investor viewpoint with a longer term horizon than just today or even 35 minutes for some here. I have been invested in five companies that delisted and four have done very well and only one flopped....whilst one actually ten bagged from the delisting price so from my perspective if I know what is happening then I fear very little from a delist.
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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