London Asia Capital Share Discussion Threads

[irenekent] 19/1/2011 08:18

Good to see so many disgruntled shareholders making themselves known. Should the present board be defeated I reckon they would be quite interested in joining up with those of us who have put our head above the parapet. Its a great story that would be perfect for chronic Investor or even the Mail on Sunday. By the way where is Littlewood? Are there any institutional investors on board? Perhaps we should have a count up of how many votes we can count on, particularly if it goes against us just on a show of hands.

[dougcsv] 18/1/2011 23:01

Cheers Jettyboy, lets hope they all get counted.

[jettyboy] 18/1/2011 20:19

Doug
i sent the original form back via the post the other week. i got the other
letter from LAC about having to contact the brokers direct last week so i emailed Selftrade on the 14th and got my reply on the 17th

[bisiboy] 18/1/2011 13:40

submitted my instructions lets hope the board win

[dougcsv] 18/1/2011 12:27

Cheers Jettyboy, When did you submit your vote if you don't mind me asking ?

[dougcsv] 17/1/2011 19:01

I have emailed David Blackwell as well......we'll see if he picks it up.

Perhaps peeps would like to comment here on whether they think their votes are going to be counted - at least it'll keep the thread visable...

[dougcsv] 17/1/2011 14:09

I would urge ALL holders to urgently contact their nominee and ensure their vote is counted - It is crunch time.

[dougcsv] 17/1/2011 13:18

Anyone else written to the papers ? Had any feedback/interest ?

[dudishes] 15/1/2011 12:27

Depends on who is sitting on the court bench eh? Open dialogue but frightened peeps, no gaul! Freedom of speech being controlled by the media, whoever, I'm turning black next call!

[loverat] 15/1/2011 11:09

Morro - 14 Jan'11 - 12:53 - 9320 of 9342

I think there is a strong case that the Takeover Panel should investigate Littlewood/ Richpoint & Co. Together this concert party has over 29.9% of the votes and as such should have made a bid. Their failure to do so is yet another example of the blatant flouting of regulatory rules these people have engaged in.



Know little of these situations but if morro is right and the takeover rules have been breached in this way could the board not throw out the requisition purely on these grounds. I would guess not as the company no doubt would have considered this already.

[stevenlondon3] 15/1/2011 10:40

HSBC Direct has not contacted me. If you shares are held through HSBC you need to telephone them and say the way you want to vote.

[dudishes] 15/1/2011 09:25

Hi loverat, another one here I notice.

Your blog re "Cannot name it" that we contributed to was removed, have you created another?

[topvest] 15/1/2011 09:10

Well the requisitioner hasn't even written to shareholders. That's always a sign that their intentions are not exactly above board. I've got a bad feeling about this one I'm afraid. It's a disgrace. I suspect we will lose the vote and hear nothing ever again with the valuable investment disappearing from our control. The problem is that we have no large shareholders to fight a 40%+ block. How did Richpoint get their 30% of shares in the first place?

[loverat] 15/1/2011 08:11

If I am not mistaken I read that there are 4,000 shareholders in this. It is possible that some may not be aware of the situation and have already written off their investment. Therefore as people have said, it is right to do all one can to make people aware.

Who knows how close this vote could be. Certainly a bigger risk than last time but if it is close PI's might be the difference between success and failure.

[mad mike] 14/1/2011 23:31

Be aware that many EGM resolutions are just taken on a show of hands of those present i.e. one hand one vote regardless of shareholding. Any postal votes, votes sent in via your broker, or proxy votes to the Chairman are all ignored. You have to formally request a 'poll' from the floor to make sure all votes from those present and postal votes (etc) are counting on a one share, one vote basis. You also have to be prepared to stay until the end of the meeting to ensure your shareholding gets counted. A poll will take a long time to sort out due to the complexity of matching up names to shareholdings.

The show of hands, is find when the vast majority are in agreement, and resolutions go through effectively on the nod, but hands are of limited use where there is serious conflict.

You should find the exact voting procedure detailed in the Company's Articles of Association.

Best of luck.

[morro] 14/1/2011 22:56

The government have been looking for transparency, let us see if they are true to their word.

[debaleb] 14/1/2011 22:14

I'm not sure what this is all about but trust Loverat so will read up and help If I can.

[loverat] 14/1/2011 22:07

Indeed - Morro is right.

This is a battle.

The battle is of honesty and integrity. And finally it starts here.

Thanks for your support guys - bring it on.

[peel green] 14/1/2011 21:42

.. double boring

[aflynn] 14/1/2011 21:05

Scottie

That's the most boring post, worse than mine