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IBPO Ienergizer Limited

0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ienergizer Limited LSE:IBPO London Ordinary Share GG00B54NMG96 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 59.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
57.80 59.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 59.80 GBX

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Posted at 04/4/2024 23:42 by davidosh
Has anyone tried selling at a much higher price?
Posted at 04/4/2024 15:24 by argey123
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
Posted at 03/4/2024 09:00 by flying pig
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.
Posted at 14/3/2024 09:10 by chiguiro
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.
Posted at 13/3/2024 13:01 by argey123
Further update. 425,957 shares purchased from the matched bargain facility for a price of not more than 59.8 pence per share. Also a further 3,762,275 shares purchased off-platform for a price not more than 59.8 pence. Overall share count reduced by 2.2%. A very good deal for remaining shareholders, no idea why you would want to sell at P/E of 2 but each to their own!
Posted at 02/3/2024 11:04 by argey123
The proposal is dated 29/02/24 and the voting period lasts 28 days. The buyback approval lasts for 5 years. It states

"under the share buyback arrangement, should a particular share buyback be identified and approved in principle by the board, the board will circulate further written resolutions of the shareholders which ask the shareholders for permission for the company to implement that specific share buyback transaction".

This seems unusual, most companies don't ask approval for each individual buyback transaction, In reality A. Aggarwal will have casting vote so asking for permission is really a token gesture.

Just guessing, but would imagine they would focus on paying down debt in the near term then look to put cash towards these buy-backs if there are willing sellers (at lower prices). I'd prefer to have a dividend re-started again, we'll maybe get an update on that with end of year results.

As far as how to sell. You'd need to talk to your broker/JP Jenkins. I hold physical share certificates now so would think I could probably send these through JP Jenkins as a direct transaction but not sure exactly what the process is
Posted at 02/3/2024 09:32 by argey123
Update for anyone who is still not on the mailing list for company information. I received a letter today with a proposal for the company to operate a share buyback program to allow the liquidity for existing shareholders to sell their shares on the JP Jenkins platform. The share buyback proposes they will by up 32,933,856 shares (Which I think is the exact amount that the majority holder doesn't currently hold) at a price "which it considers desirable for the company". There is an option to submit a vote but fairly pointless assuming A. Aggarwal (83% holder) is going to approve the proposal. Essentially looks like A. Aggarwal is happy to buyback and retire the shares he doesn't currently own through the company. if anybody wants out, they should have an option. Just a matter of shareholders deciding what they think fair value is and listing their shares on JP Jenkins to see if the company is willing to buy or not. From the other companies on JP Jenkins it looks like you can see the prices which shares were traded at, so we should get an idea what price the company is happy to buy at if/when the first few transactions go through
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 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 22/4/2023 18:18 by dr biotech
tizo10022 Apr '23 - 18:00 - 740 of 740

I did raise a few red flags last year just before I sold out.

Really? not on here you didn't?

tizo100 - 11 Feb 2022 - 09:38:38 - 338 of 741 Ienergizer - IBPO
Sold at a nice profit
Will look to re enter when the tensions in Ukraine sorts itself out.

tizo100 - 26 Jan 2022 - 15:48:40 - 337 of 741 Ienergizer - IBPO
"Why Ienergizer (LON:IBPO) Could Be A Stock To Watch"

tizo100 - 23 Dec 2021 - 16:11:45 - 328 of 741 Ienergizer - IBPO
Patience is a virtue

tizo100 - 22 Dec 2021 - 14:33:20 - 324 of 741 Ienergizer - IBPO
Mine was paid and reinvested with Iweb on Monday

tizo100 - 15 Dec 2021 - 16:33:20 - 318 of 741 Ienergizer - IBPO
Dividend payment coming on 20th December will reinvest it into more shares

tizo100 - 07 Dec 2021 - 15:40:04 - 317 of 741 Ienergizer - IBPO
Well undervalued

tizo100 - 12 Nov 2021 - 05:50:51 - 292 of 741 Ienergizer - IBPO

iEnergizer posts record set of interim results
Thu, 11th Nov 2021 12:31
(Sharecast News) - Digital media technology company iEnergizer reported a record set of interim results on Thursday, with revenue rising 35.1% to $121.9m, and service revenue up 36.8%.
Ienergizer share price data is direct from the London Stock Exchange

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