Inspired Share Discussion Threads

[yump] 11/10/2017 14:18

Although its sudden, there is a point anyway where the founder entrepreneur would likely take a back seat, as its unusual to find 'corporate' characteristics in an entrepreneur, although it looks like she did have that combination.

The other board movement looks like it might have been on the cards already - to have 3 of each type of director.

Its not necessarily a demotion to step down from the board either, because not all directors have to, or want to sit on the board and the types of board decision change as companies grow.

[melody9999] 11/10/2017 14:18

Looks like a 'sell the rumour' and 'buy the news' in this case. Cannot believe that insiders were not aware of this .....chances are those same insiders will now buy back in.

As for me, I'm just an outsider who has held since it seems like the year dot (well 5p share price anyway). Sad that Janet has needed to leave but as they say 'she leaves the business in rude health'.

[xajorkith] 11/10/2017 11:52

Sad to see Janet leave & wish her all the best, whatever the reasons behind it.

Whilst her influence cannot be denied, she leaves behind a quality 100m+ company with strong growth going forward & a rating that imv significantly under-prices this.

Time will tell of course but the turnaround from this morning suggests others agree.

[owenski] 11/10/2017 11:47

Market not overly bothered then.

[nurdin] 11/10/2017 11:09

I quite agree.Thinking of adding myself...although I have plenty.

[rivaldo] 11/10/2017 11:06

Hope no-one here got suckered into selling at 17.55p or thereabouts. Nice recovery - looks like the value and prospects here are to the fore.

[wanttowin] 11/10/2017 09:50

Sorry to see Janet go and I too hope she is well, but this final statement is good for me 'the strong performance in the first half of 2017 has continued with the group trading inline with the board's expectations"

[funkmasterp12] 11/10/2017 09:39

Yes, I too hope Janet is okay. I do feel though if it was medical we would have been told, most companies (good ones!) are fairly explicit about this and I would put INSE in that category for sure.

I think INSE needs to now reassure investors of life after Janet. Matthew is still presumably involved but Janet was the lifeblood of the business. There's no doubt the business can continue on well, but I would suggest this may create some uncertainty.

All IMO obviously.

[miti 1000] 11/10/2017 09:34

Sell off not bad at all. Dumped mine nevertheless.

[owenski] 11/10/2017 09:23

Indeed, I was making light of it.

It's a bit of a shocker as I rate J.T. highly as an entreprenuer and think she is the brains and driving force behind INSE, hopefully the business is at a stage where it's not dependant on one person, but it's a worrying announcement nonetheless.

[1gw] 11/10/2017 09:12

owenski - I was trying hard not to imply anything specific. Just commenting that I find it somewhat implausible that, if it is a move unconnected to the departure of the former CEO, the first action the Chairman (or maybe the new CEO is the instigator) chooses to announce following the CEO change is the demotion of someone from the board.

[pj 1] 11/10/2017 09:02

I thought there was an exit strategy in place, but not like this !

As rivaldo pointed out I hope Janet is in good health.

[owenski] 11/10/2017 08:56

What are you implying? That the word 'linkage' might be a euphemism? ;-) lol

[1gw] 11/10/2017 08:51

David Foreman stepping down from the board is an odd move. Why on earth would they be looking "to stream-line the operation of the board" when they've just lost their chief executive? Wouldn't you have thought that they would want to maintain as much continuity as possible?

I think an obvious question is whether the 2 moves (one leaving, one losing board status) have a more direct linkage than just the new CEO wanting to stamp his authority on the company by changing the composition of the board.

[yump] 11/10/2017 08:11

If it was a planned departure, the share price wouldn't have moved like this. Shows how easy it is to freak investors for no real reason. The business is big enough by now to function perfectly well - proven business model etc. etc.

[melody9999] 11/10/2017 07:56

its a long term business and it will still be business as usual

[miti 1000] 11/10/2017 07:46

Doubt it...reckon it will fall a lot more today but we shall see.

[rivaldo] 11/10/2017 07:40

Indeed owenski. With Panmure forecasting 1.5p EPS this year rising to 1.8p EPS, and Canaccord going for 1.63p EPS rising to 1.82p EPS, hopefully the recent slide has left INSE cheap enough for buying to mop up any small selling.

[nurdin] 11/10/2017 07:36

Perhaps the news is already in the share price now?

[owenski] 11/10/2017 07:26

That's a big deal, Janet pretty much was the entreprenuer behind the success here, probably explains recent share price weakness.

[miti 1000] 11/10/2017 07:24

The market won't like that!

[rivaldo] 11/10/2017 07:14

A shame - "personal reasons" implies she's had some sort of family/medical crisis. Best wishes to her, and congrats on her success over the years. As an aside, I notice that Matthew Thornton remains on the Board, which confirms that the issue relates solely to Janet Thornton.

In particular, it's good to hear today that:

"The Group has an established acquisition strategy in place and the strong performance in the first half of 2017 has continued with the Group trading in line with the Board's expectations."

And:

"With the Group structure now firmly embedded, and a proven strategy which combines organic growth with selective acquisitions, we have a very strong platform from which to continue our growth, as demonstrated in the robust performance of the Group in the first half of 2017."

[funkmasterp12] 11/10/2017 07:03

Wow, Janet's gone and very suddenly too.

[wanttowin] 10/10/2017 21:43

spot on PJ, someone mopped up 200k at the bell.