Logica Share Discussion Threads

[diku] 16/8/2011 19:36

robwt...didn't that bloke used to work for BT?...and the figures were later found out to be over cooked?...it will be time to do a merry go round soon!...

[robwt] 16/8/2011 14:55

Memo to Andy Green Logica CEO.

Just a reminder of the large holders of Logica shares and the small investors who you have caused to lose nearly a billion pounds. Your lack of leadership, markets, economics and business acumen are responsible. Don't you feel deeply ashamed, are your ears burning 'Mr Bean'. Do the right thing and resign before you are kicked out

1 Schroder Investment Management 233,869,889 14.51
2 Fidelity Investments 77,445,836 4.81
3 Artemis Investment Management 60,681,070 3.77
4 Legal and General Investment Management 57,686,922 3.58
5 Standard Life 56,715,485 3.52
6 LSV Asset Management 52,384,362 3.25
7 UBS Global Asset Management 43,961,966 2.73
8 Aviva Investors 42,870,428 2.66
9 Dimensional Fund Advisors 40,161,485 2.49
10 Jupiter Asset Management 40,101,655 2.49
11 RWC Partners 38,997,307 2.42
12 Acadian Asset Management 38,000,689 2.36

[lionheart79] 14/8/2011 22:12

hvs you crack me up

[robwt] 13/8/2011 10:50

Thanks A0, thanks..very interesting article.

Just as I knew, in 2008 Green knew what he had to do, he knew exactly the places to concentrate any powers he may have possessed and he also knew that the old guard had to go, he should have fired 80% of Read's board.

Instead, Andy Green carried on making the same mistakes and it shows plainly in these latest interims and his hapless Q&A session. If Green was up to the job we wouldn't be here discussing why he has totally failed to streamline Logica and grow it into a major force. I wish he had thrown his life into charity work and Logica had employed a CEO with the ability to clean up the mess left by Martin Read; not add to it.

Just for the record..Martin Read's so called success came with the dot com boom and is as hollow as a rotten tree and Andy Green was no great success at BT as what he left there was later to be discovered as a monumental mess.

Mr Green should go, he should be paid zero along with at least three other senior board members who know who they are. Green has an undeserved fortune in the bank and he should donate the lot to Shelter.

If Green is allowed to stay at Logica, he should devote all of his powers to repair all the damage he has done. Mr Green should not be short changing Logica shareholders by spending any time working for a charity.

If Andy Green ever becomes as successful as Warren Buffett, Steve Jobs, Bill Gates, Martin Sorrel and many other american, british, indian, japanese and european CEOs, then and only then may be the the time to concentrate on the philanthropic ambitions he seems to harbour. The way things are going it will be Logica shareholder needing the services of 'Shelter' as their earnest money is lost by Green and his useless management.

There are a couple of good people on Logica's board, shame they didn't get the CEO position in 2008.

[a0502162] 12/8/2011 16:32

Rob. A snipet from an interview with your friend you may interested in..

(The whole interview can be found at:



Green is also a fundraiser for Shelter, among whose trustees is Martin Read.

He has been a supporter of the housing charity since he was at Leeds University, for which he dumped a place at Cambridge because its chemical engineering course was a year shorter and he was keen to get into business.

[a0502162] 12/8/2011 06:43

Thanks for that Rob. You have just gone up in my estimation. Hope other things work out better for you than this has.

[hvs] 11/8/2011 17:29

Its the new culture in Wall Street and the CITY

DO nowt and earn a fortune.

And then you get them money with golden sacks u should keep buying.

Anal ysts always work best in the DARK.

[a0502162] 11/8/2011 15:49

You sound a tad upset Rob, if you don't mind me saying!

[robwt] 11/8/2011 15:42

I see that HIMANSHU RAJA ex BT and Logica's recent appointment has been awarded a shed full of share options under the incentive scheme. While small investors have recently paid up to 149p for shares in this dog and now sit on big losses, RAJA and the rest of the lousy management get the shares free. Makes me sick!

Green...Three tips on what Logica should be doing.

Act with acumen and get rid of yourself Mr Green..resign and take at least half of your hapless board with you.
Stop giving incentives for failure out of our money. Failures do not deserve wages let alone rewards.
Make no acquisitions, there is no one on the board of Logica can be trusted with a decision to buy anything that costs more than a cup of coffee.

Hopefully, someone from a proper company might see Logica as a an acquisition as the shares have almost halved. Make our day Mr Green and do all of the above.

[a0502162] 10/8/2011 17:38

Jack, I know what you mean.

The stockmarket is pure manipulation. It's rarely based on fact or profitability of a company. It is purely away of making money if you realise that one fact...............it's a con.............but a good one............all I do is ride on the backs of the manipulators......................it works almost every time!

Good luck with what ever you dicide to do with your money.

[jacko07] 10/8/2011 16:39

Maybe A0 I should have taken your advice..do you work as an investment trader for a bank or hedge fund. It was the wrong choice I made and it was a bum. In truth I know a couple of people who work for Logica and they are still saying business is good and the company is healthy. I cannot see how a healthy company can lose a third of its value at a stroke. It has caused me grief and I have decided I cannot invest in these shaky times, I want to sleep at night.

Over time I have had other profits out of the market but I have lost almost a third of what Logica cost me and 40 per cent on the RBS, it has left me very little faith in shares.

I am out of the technology and bank shares I had Every time there is a huge drop like this, it is better to be in cash. I may never buy any more shares, I do not think my mind can take the stress of it all.

[a0502162] 10/8/2011 13:08

I still find it amazing that we all have the choice to either BUY, SELL OR HOLD. And yet very few of you choose to exercise these options to full advantage, instead prefering to blame MANAGEMENT,(or the lack of it), for your losses.

Logica has been on the slide for years, up and down like a yo yo. If you look back, you could have made money on it making the right choices, at the right time!!

[hvs] 10/8/2011 11:49

BONUSES all round.

[jacko07] 10/8/2011 11:48

robwt..After reading your post and the others I sold out of these and lost money this morning. I agree with all that has been said. Mr Green doesn't have the experience to be running Logica and robwt is correct, he certainly is like Mr Bean. I would think he will stay in charge, but I think he will be ousted if he doesn't start performing. I am disappointed but I have decided to get out of the stockmarket for the time being.

[robwt] 08/8/2011 19:27

babybear, they didn't plan the interims at the same time as this meltdown although the hapless Mr Bean couldn't have made a more naff live net report. He seemed nervous, flustered and incapable of answering the press with conviction.

I wouldn't mind betting the bad news was leaked as the share price fell 20% on the run up to the interims and then another 25% on the report. I posted when Green Bean took over that he really needed to cull all the old deadwood who had previously run Logica into the ground, it didn't happen.

Unfortunately, events have proved Green is a very weak leader and shouldn't be in a top position anywhere, how the hell did he land the job in the first place...he resembles a dithering lost vicar at a village garden party.

Green isn't up to it, a disaster. He wasn't much good at BT and since his departure BT have recovered from his hapless tenure and moved ahead leaving Logica in their wake. BT and Logica share prices were on par with each other in 08. Now after over three years at the helm Andy Green should have had Logica back in the FTSE 100. Logica now has a low Mkt Cap of £1.3b and if you reckon 60p is on the cards could go below the £1 billion..that's what is called a dire performance. Just think Paul McCartney is worth as much as this dog.

Sadly for all us shareholders, Mr Bean has achieved nothing, as I said last week, after these dire results he should resign. With the share price this weak, maybe one of the bigger players might see it as take over. Buy it, fire the lot of them and put someone proper in charge, however I wouldn't bet on it.

[babybear] 08/8/2011 09:26

Good a time as any to release disappointing news I think - 60p on the way but far from a 60p company so will take advantage then and not before

[a0502162] 05/8/2011 09:40

Shares in Logica PLC (LOG.LN slumped Friday after the IT services company posted worse-than-expected first half results.

The U.K.-based company, which provides consulting, outsourcing and information technology services to governments and companies across Europe, said its adjusted operating profit for the six months to June 30 fell 10% to GBP113 million from GBP125 million in the prior year, hit by GBP20 million restructuring costs.

At 0743 GMT, Logica shares were down 16 pence, or 15.2%, at 87 pence, the biggest faller on the FTSE 250.

Investec Securities analyst Julian Yates, keeping a sell rating, said the numbers were a disappointment. "They are worse than what we assumed in our cautious stance. The results highlight material weakness in the numbers and outlook."

OH VERY NICE!!

[a0502162] 05/8/2011 09:35

yep, IDIOTS.

[hvs] 05/8/2011 09:27

IDIOTS in charge.

[robwt] 05/8/2011 09:25

Now for the questions in the webcast. I am listening to Green humming and hah-ing and not sounding like a man in control. Green sounds like 'Mr Bean' reading from an idiot board, sadly not very convincing as the top man.

The big investors in this company should be demanding his head on a plate.

I have just turned it off, makes me sick.

[robwt] 05/8/2011 09:11

Logica have not performed, hence the company in freefall. Green was supposed to be the right man but he has proved pretty much useless. Green has had over three years to drive down costs, cut the obvious expensive deadwood and streamline Logica to make profits in every single area of their geography. Today Logica are worth less than when he took over more than three years ago..a disgraceful performance.

Surely they had enough sense to see this Benelux downturn coming and they said the UK public sector would be no problem. This shower are no better than the last lot and Green has lost all credibility.

Just listened to the webcast, a load of waffle from a company who seem to have lost their way, I am not impressed.

[babybear] 05/8/2011 09:04

To be fair most IT co's , Banks, pharmas etc.. have lost about a third of value in a week. Might just hang at 90p this one as there was historic support for it there > 3yrs ago, however it's down to 60p if not.

[miata] 05/8/2011 08:47

Interim dividend up 11% to 2.1p.

intention continues to be to increase the dividend payout ratio from 2010 levels of 34% of adjusted EPS to at least 40% by 2012. The directors are proposing an interim dividend of 2.1p to be paid on 14 October 2011 to eligible shareholders on the register at the close of business on 16 September 2011.