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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Livermore Investments Group Limited | LIV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 29.40 | 10:10:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.40 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 31/10/2011 14:29 by hugepants Everest Special SitsLivermore - Letter to board RNS Number : 7406I Everest Special Situations Fund 20 June 2011 EVEREST FUNDS L.P May 26th, 2011 To: Livermore Investments Board of Directors Ron Baron - Executive Director and Chief Investment Officer Gartenstrasse 10 8002 Zürich Switzerland Tel: +41-43-3443200 Fax: +41-43-2430306 Dear Sirs, We are substantial investors in Livermore, having initiated our investment during very rough times for the company. Despite very positive developments reflected in Livermore's massive cash position, its profitability and the diversification of its assets, the share price, which is the ultimate barometer of successful management and shareholder satisfaction, does not reflect the intrinsic value of the company and regrettably so. We believe management should take an active role in making Livermore properly understood in the market. This requires a concerted effort to ensure the investment community fully understands the company's strategy, assets and direction well beyond the semi-annual financial statements read only by a handful of shareholders. In our opinion this will serve to increase liquidity, which in turn will be followed by share price appreciation. It can be argued that the current situation is not unintentional. It serves mainly the controlling party as the grossly undervalued share price allows the company to utilize its existing cash to buy back stock at ridiculously low prices from the minority shareholders who do not understand the fundamentals and true situation of the business. We have serious concerns in this area considering that another business controlled by Livermore's controlling shareholder, also a public company, enjoys extensive public relations, media coverage and endless presentations to asset managers. It also pays handsome dividends annually. This is in complete contrast to the situation at Livermore and one can only seriously question the different agendas and conflicts of interest. We urge the board and management to immediately take the necessary steps to serve all stakeholders' interests. These measures include acting in line with their fiduciary duties to take any and all appropriate action to elucidate to the street the fundamental soundness of the Company's business and what we believe is at least the 100% potential upside in Livermore's share price, which will be realized once the street perceives the strength of its business. This can be accomplished through sharing important and relevant information with the investment community, presentations and meetings. If management does not accept this minimal fiduciary duty, it should consider an alternative route to unlock value for minority investors by means of a tender offer, M&A, dividends or liquidation. We trust that our recommendations will be given the serious consideration befitting a board that seeks the best interests of all its shareholders. Sincerely, Nani Maoz Chairman |
Posted at 19/5/2011 10:37 by adam I haven't bought yet mainly because of the large shareholding of the CEO.Investors, me certainly, are probably discounting the possibility that they declare there is no necessity for an AIM listing and the added cost. They need 75% of the voting shares. Of course with over 50% and probably few voting it won't be long till they can do that. Why not offer NAV or say 10% discount to NAV in a tender offer to shareholders to allow them exit? Why are they hard-balling their own shareholders? I think a share buy-back at a steep discount is morally defensible when there is liquidity in the shares. It is at least then arguable that the price is a fair market price. There is no liquidity here apart from selling your shares cheaply back to the company. |
Posted at 11/12/2007 11:49 by fozzyb Hehe, cheers bletherer, good to know someone is out there!I share your doubt that Lanir can guide company but he has proved himself to be shrewd several times in his career. I think the fact the share trades at a discount to its NAV makes it attractive, but the exposure to SIV's it mentioned will be spooking investors until full disclosure is made, but to be honest I think this is laregly ignored by market as its illiquid and newsflow is terrible really... |
Posted at 01/8/2007 18:20 by fozzyb Has anyone actually managed to get a response from livermore investor relations? |
Posted at 09/7/2007 14:22 by fozzyb see above link for photo and below. No doubt this guy is a 'Lanir crony'Aviv Raiz Aviv Raiz is a member of the Israeli business community and is the lead investor behind several successful startups. Mr. Raiz is the president and sole owner of Eurotrust Ltd., a well known foreign exchange company which has some of Israel's foremost companies as its clients. For the past 10 years Mr. Raiz has invested in several high tech, biotech and real-estate companies, vastly diversifying his investment interests. Mr. Raiz holds a BA in Economics and Political Science from the Tel Aviv University and an MBA in Finance. |
Posted at 18/5/2007 09:40 by fozzyb Yep, I cant find it either, lets hope they sold them at 59p and aren't hanging on...It is true Mr Lanir obtains best price, but hell, if I was spending 1m - 30m, I would want best price and not the same as a Private investor spending 5k. 41.25 today! the start of a long slow increase haha! |
Posted at 16/5/2007 18:35 by lbo Partgaming shares falling now. Still cant find out if they sold their shares or still have them! Bad investor relations IMHO.I dumped the shares I bought for a nice little profit! It also seems that when Mr Lanir buys the mms drop the offer for him.How nice of them! Seems he is hoovering up cheap chares. All a bit smelly IMHO. |
Posted at 29/4/2004 20:55 by neo anderson Log.I've done some research on Stephen Lempriere and I'm very impressed with what I've seen. He's outperformed everyone on the bandits in Mumbles and personally I think that he should enter some sort of national fruity competition where he'll come to the attention of the nation. I was impressed by the IPO document generated by yourself and have slipped it in all meeting notes that I've been distributing for my business so hopefully a few this venture will grip the attention of some wealthy investors. Good luck Joe. 'I'm IN!' as they say. Regards. N. Anderson |
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Posted at 16/10/2003 02:13 by nowagain Sitting on the sidelines and warming the bench is never any fun. It seems that after months of uncertainties, recently released data shows that investors are starting to get back into the game. This indicates that investors are becoming more optimistic about the market's performance in the next few months. In order to forge ahead with renewed confidence, register your email address with this newsletter. It will point you in the right direction by notifying you when an undervalued stock is about to move. It's free and you can cancel at any time. |
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