Ienergizer Share Discussion Threads

[kimchi1] 21/4/2023 12:22

cashstrapped-

Reading through recent RNS they declared an interim dividend of 11p. Final dividend in recent years has been higher than interim. But say it's at same level, that would mean 22p total dividend. At 67p equates to 33% ! The flipside being it will be very hard to sell your shares and there is no guarantee of dividend payouts in future years ...

[bensdad2] 21/4/2023 11:50

Being a shareholder in a private company is clearly risky. However, if the Co is to pay any dividend to any of its shareholders, it is required to make the same payment to all shareholders pro rata. So if the main shareholder wants a dividend to be paid, any other holders must get the same per share.

[bensdad2] 21/4/2023 11:48

If the business continues to do well, and continues to pay dividends, then it would be a fantastic move to buy some shares now. (Even better to buy earlier at 60 or 70p of course, but I did not manage to do that).

[cashstrapped] 21/4/2023 11:46

kimchi can you explain further about holding for the divi please?

[bensdad2] 21/4/2023 11:42

Any shareholders who feel that they are being shortchanged/dealt with unfairly, could write to the company, asking for it to make an offer to buy the shares of those who wish to sell at, say 80% of the last quoted price before the announcement. If we could persuade them to take that course, anyone buying now would be handsomely in the money.

[dr biotech] 21/4/2023 11:34

Its not been a good year for AIM, this lot, MJH, WAN have all stitched up their shareholders this year with little redress. I held MJH where it looks they cooked the books - WAN is fraud etc. A few others have left - Abcam being the biggest (moved to NASDAQ). Think the benefits of a London listing are not what they were.

The company needs 75% of the vote to delist. Major shareholder owns more than this, are the going to vote to shaft everyone to the benefit of themselves? Of course they will.

[kimchi1] 21/4/2023 11:30

Wow, appears some were buying at 320p+ yesterday ...

AIM is truly a pile of sh1t

This seems to be a rare AIM listed company making decent revenues/profits but the big red flag being the majority shareholder.


There was even a Formal Sales Process last year !

Potentially a bidder could come (unlikely) ?

And what happens to dividends, you could hold this after delisting and potentially get 33% dividend payout per year based on current price ?

[saints98] 21/4/2023 11:08

Tragic situation. Another AIM catastrophe. Not sure how this can be allowed. Anyone know of other examples where majority holders have taken a company off market with no mechanism for minority holders to extract value?

[daisylove] 21/4/2023 11:01

Is the BOD really allowed to de-list and run off with shareholders' money?

[cashstrapped] 21/4/2023 10:49

EM I don't think the LSE reputation could get any worse. First filter to apply when looking for shares to buy NO AIM. Results usually improve after that.

[eezymunny] 21/4/2023 09:58

Hands up who owned this despite knowing full well that an uncontested de-listing was a possibility? It happened to me years ago. Don't let it happen again. Always check the shareholder register to see if this is a possibility.

Why AIM, or any exchange, would allow a company to list, with a super dominant shareholder(s), and with such stupid de-listing rules is entirely beyond me. Sheer greed and stupidity on the part of London Stock Exchange, I guess. The reputational damage must be 1000 x greater than listing fees.

Commiserations to holders.

[doobz] 21/4/2023 09:50

Also blackhorse your ramping is comical

[doobz] 21/4/2023 09:48

Shows my naivety, I had no idea a company could just decide to do this and screw all holder over so badly. Happy I sold at a small loss at 300 but really sorry for you guys. Dreadful

[babbler] 21/4/2023 09:47

Jeez 55p. When bounce lol.

[albert zog] 21/4/2023 09:38

The shares are literally worthless

Don’t forget IBPO has no connection to the UK

This situation is a disgrace

[johndoe23] 21/4/2023 09:37

Going down express elevator to hell

[babbler] 21/4/2023 09:32

Sells at 64.

[blackhorse23] 21/4/2023 09:23

Scumbags, sold out today & going to buy GATC

[babbler] 21/4/2023 09:12

Sells at 91 now. Getting messy.

[davidosh] 21/4/2023 09:03

I am a shareholder here too and clearly delisting a near £600m market cap company is far from good news for all parties and gives the market a bad name too.

I will have a panel to discuss this on the Mello investor show on Monday evening and you are all welcome to attend. We have a very interesting session on ChatGPT/ AI and three company presentations too.

[penrith] 21/4/2023 08:57

Don't fully understand the implications hopefully will become clearer over next couple of weeks. I will be holding as I feel panic selling is over. Should be interesting, never been in this situation before. However I have mentally written them off.Hope no one is to badly affected by this one.

[davidosh] 21/4/2023 08:53

The NEDs all changed a month ago mmmmm !!

[pauliewonder] 21/4/2023 08:52

Yes that's the trade off which is what's causing the short term panic. Agree it's far from ideal