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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mbl Group Plc | LSE:MUBL | London | Ordinary Share | GB00B0W48T45 | ORD 7.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/10/2010 09:47 | I doubt that Montoya Investments in the States is Montoya Investments Limited. There is a Montoya Investments Limited registered in the Isle of Man (company number 058761C), but their status comes up as Dissolved 09/03/1998. Odd. | typo56 | |
27/10/2010 09:46 | devy - that's an LLC - this Montoya is a Ltd company. Can't find anything on them at all. Probably just been registered for the purpose. | strollingmolby | |
27/10/2010 09:44 | Montoya Investments who seem to be incorporated in the States. | devymaster | |
27/10/2010 09:33 | GE has sold out entirely. Wonder who picked them up? | strollingmolby | |
27/10/2010 09:33 | Rns out, any ideas ? | scott84 | |
27/10/2010 09:27 | 01624 is an Isle of Man prefix. Looks more plausible than New Zealand (Antarctica) | typo56 | |
26/10/2010 19:42 | No announcement today so I think we can fairly safely assume that GE has moved them to a more tax efficient place but is still the beneficial owner. Meanwhile someone else has been buying. | davidosh | |
26/10/2010 15:30 | David - re2798 - I'll get back to you. | masurenguy | |
26/10/2010 15:29 | supernumerary - 2800: I agree that there are no direct sanctions on a non-dom if he doesn't play by the rules, I believe the Takeover Panel can ultimately refuse to allow the transfer to be registered if it believes something underhand is going on. An offhore entity cannot be compelled to report a share transaction - period ! The TP could only refuse to register a share transfer if they have clear evidence that it involved fraud or illegal activity within UK jurisdiction. A decision by an offshore entity not to report a transaction certainly does not constitute any evidence of illegal or fraudulent activity. | masurenguy | |
26/10/2010 14:55 | mas - on the first point, while I agree that there are no direct sanctions on a non-dom if he doesn't play by the rules, I believe the Takeover Panel can ultimately refuse to allow the transfer to be registered if it believes something underhand is going on. On the second point, I thought the rules now required a 1% holder to show the makeup of his holding ie in shares/cfds/sb because it may affect his voting rights and therefore his degree of control. I therefore believe that a move into a SB would need to be reported unless a waiver was obtained. | supernumerary | |
26/10/2010 14:54 | Davidosh I wont bang on about MBL but the red flag is out on them as they simply do not have enough exec and/or non execs. I have always thought that Non Execs should be appointed by the SE. Should be in a position for no more than 24 months. No chance of conflicts of interest or going native. Fees should be fixed and not negotiable. Non execs could not hold shares in the company. This would be funded by the companies paying a fee to SE to cover the non exec fee and admin. At least 2 non exec per company up to a given market cap then at least three. Any company falling below the number of non execs, to face suspension and fines until rectified. And whilst on it, no broker to be able to offer broker and Nomad services, one or the other. Well I like it. | timesmoney | |
26/10/2010 14:05 | Mas....Spot on and well summarised on the likely assumption of course that it is GE. On a separate note I am working on a paper to be presented on poor corporate governance and I think we all agree there have been issues here and in a number of companies we all invest in. Can you please list any issues you may have that could either be regulated against or a star system/red flag be given for highlighting issues in advance and to avoid these problems in the future ? | davidosh | |
26/10/2010 14:03 | If you are interested in the Takeover Panel and it's limitations then GPN seems to be performing an entertaining spectacle at the moment. | kimboy2 | |
26/10/2010 13:59 | GE comes under LSE and UK legal jurisdiction so he has to comply. If he has restructured his holding then he doesn't have anything to report. If he has sold his shares then he does. If he has sold and the Buyer is onshore they then also have to report. If he has sold and the buyer is offshore then they may voluntarily choose to report or decide not to do so ! | masurenguy | |
26/10/2010 13:32 | Masurenguy, Since GE has already issued an RNS for buying, then i think it is odd to say he wouldnt issue an RNS for selling. | fft | |
26/10/2010 13:32 | It is almost certainly some sort of movement in the GE holding and he s 100% aware of the takeover code ruling so we will see something today IMO unless he has retained the holding in another account in his name that required it to go through the market in which case as the beneficiary has not changed he presumably has no need to notify. | davidosh | |
26/10/2010 13:25 | supernumerary - 26 Oct'10 - 2790: Mas - don't see why not - same rules apply regardless of residency/domiciliat LSE rules have no jurisdiction outside the UK. An offshore buyer/seller may choose to voluntarily comply but if they don't there is no sanction to force them into doing so. Even if the company knows the identity of the offshore entity they cannot issue an RNS relating to the transaction unless they are officially informed by the entity who carried out the transaction ! | masurenguy | |
26/10/2010 13:04 | Ah yes, thanks very much for clearing that up. Starting to move a bit though, they seem to want stock, sales being took and buys moving the price. | scott84 | |
26/10/2010 13:02 | Scott - they're in an offer period so takeover rules apply: 'A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.' EDIT Mas - don't see why not - same rules apply regardless of residency/domiciliat | supernumerary | |
26/10/2010 13:01 | RBCRBC - 26 Oct'10 - 2787: 3:30pm today is the dealine for the RNS's to be issued. IF GE sold and the buyer was offshore then you may never see an RNS detailing the transaction ! | masurenguy | |
26/10/2010 12:36 | I thought it was 3 days ? | scott84 | |
26/10/2010 12:21 | 3:30pm today is the dealine for the RNS's to be issued. - One for the seller - One for the buyer | rbcrbc |
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