Ienergizer Share Discussion Threads

[jtourer] 16/4/2024 22:30

You are dead right there. This was a calculated rip-off from the start and no-one but the ruling family or those with learning difficulties would ever buy this share so it will never raise more than 60p because there is only 1 buyer who actually doesnt have to buy any more shares.

[davidosh] 04/4/2024 23:42

Has anyone tried selling at a much higher price?

[argey123] 04/4/2024 15:24

2 further buy back updates have come through in the past week. 7,302,260 shares have now been bough back at the same price (up to 59.8p). Majority shareholder now sitting at just under 86%. Still amazes me that so many are willing to sell at that price! The last 2 trade were both for over 1,000,000 shares. Won't take long to get to 90% at the current rate of buybacks

[robsy2] 03/4/2024 09:11

FP
My commiserations. Re the 90%-Do you know what happens legally when he gets to 90%?

[flying pig] 03/4/2024 09:00

There is clearly no intention of paying more than 59.8p per share in any buyback. I bought my shares at well over 300p and I can see no attraction taking a huge capital loss at this stage.
Unfortunately once the majority shareholder has over 90%, we will have very little choice!
The non-executive directors should be ashamed of themselves; they have a fiduciary duty to look after all shareholders and not just the largest one.

[chiguiro] 01/4/2024 19:45

Lots of trades showing on JP Jenkins now - but Hargreaves Lansdown have not been able to obtain any annual or semi annual reports, nor info about the buyback.

[teleman2] 16/3/2024 08:39

I would be really surprised if the robbing bustard was not already at 90%

[nico115] 15/3/2024 08:57

The trades posted below don't look imaginary !! I'm sure 59.8p is the price of this buyback ..would love to be wrong !When a company don't communicate it's never a good sign . I'm not a seller in double digits .Will just have to be patient . Just hope there's no 90pct relaxation of any legalities . No idea what private cos can do .

[davidosh] 15/3/2024 08:49

How do you know the seller will not buy at a much higher price to get rid of you?

My broker has not received anything about a tender so this may not be happening at all. Nothing showing on JP Jenkins

[nico115] 15/3/2024 08:26

Lastly ,they will not do what's acceptable they will do what's required under the law. I suppose sellers are selling as they won't want to be locked in at 60p forever !!

[nico115] 15/3/2024 08:24

Our mutual good mate asked me yesterday what I'm doing . I said not selling at a ridiculous valuation . However this large holder may just bid 60p for another 5 years and then what ? No idea what the regulations are but with no communications from the company we will be the last of their concerns . Also why not ask your view? That's what these BB are all about !! Alan won't be happy you're not being gentle with me : (

[nico115] 14/3/2024 21:01

Cos I rate you're opinion But be rude ,so be it .

[davidosh] 14/3/2024 18:34

Will you be selling at 59.8p Davidosh ?

The short answer is NO the longer answer is Do I look like a mug and why did you even need to ask that?

[nico115] 14/3/2024 15:40

What he should do and what he will do will be chasms apart .He may pay no dividends for some time in the hope shareholders will get bored and see a buy back as the only exit. Agreed if he bid over 200p he will get the whole company but I'm sure he's not going to be doing the right thing by shareholders .Will you be selling at 59.8p Davidosh ?

[davidosh] 14/3/2024 15:06

We cannot be forced to sell the shares at a low price. The large shareholder should be doing a tender offer at say £2.50 which is a discount to where it traded before the delisting announcement but would probably be taken up by 90% of the remaining holders

[nico115] 14/3/2024 13:09

And who would determine that " fair price "?

[argey123] 14/3/2024 11:04

I'm no legal expert but from having a quick look, it looks like Guernsey companies are also subject to the same takeover laws to the rest of the UK, especially if the companies shares have been listed or regularly traded within the past 10 years. So we would still be entitled to a fair price (Not 60p!) if there was a squeeze out bid.

[nico115] 14/3/2024 10:28

Can he get to 90 pct and take us out at any price ?

[chiguiro] 14/3/2024 09:10

Many thanks Argey123. That also suggests that future trades will also need to go through this extensive process of collation by the company and being put to shareholder vote. I would have thought it easier for the company to have a shareholder approved mandate to repurchase [x]% of shares and they could then simply execute on JP Jenkins as they wished.
In any case it's good to see a bid at a level similar to the delisting price, even if the selling process is complicated. It remains to be seen what the next two years hold for this company and the share price.

[nico115] 13/3/2024 22:17

Also if he gets to 90pct he can force us to sell ?

[nico115] 13/3/2024 22:16

Will be no dividend as he will want to buy more stock . Pay no divi and get more sellers !!You keeping ?

[argey123] 13/3/2024 21:17

They sent out the figures for 27 separate trades for shareholder approval. So they haven't actually gone through yet but the 83% holder will obviously approve so its a formality really. I assume the trades will show on the website once they have been cleared and completed but not sure how JPJ website works. I think "awful behavior" is a bit of a stretch. There are a lot of problems with the communication from the company but they're only providing liquidity for people who have said they want to sell their shares for less than 60 pence. Anyone who held their shares past the de-listing could hardly expect a lot of liquidity from the matched bargain facility. Important to remember that 83% shareholder takes no salary and doesn't get a dividend himself either so we are aligned with him for now. He only benefits from dividend or an eventual sale so all we can do is be patient. Hopefully the dividend will be restated when the results come out (this is probably wishful thinking!)

[chiguiro] 13/3/2024 16:57

Argey123 can you tell me please where you can see these trading volume figures? I see nothing on the Jenkins page. Thank you.
XXXXs://jpjenkins.com/company/ienergizer-limited/

[nico115] 13/3/2024 16:56

Only good for the 83pct holder as he won't allow anyone out at a nice profit . Awful behaviour .

[nico115] 13/3/2024 16:55

Wow that's mean !!Don't pay a divi so shareholders are forced to sell into very low priced buybacks .Shame on the BOD and it's major shareholder.They give humans a bad name .