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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Monsoon | MSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 421.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 421.50 |
| Top Posts |
|---|
Posted at 17/10/2003 11:31 by jeffian For info -FRONT PAGE - COMPANIES & MARKETS: Monsoon investors query regulator over delisting plans By Sophy Buckley and Tony Tassell Financial Times; Oct 17, 2003 A group of Monsoon shareholders has written to the Financial Services Authority, the City regulator, asking whether the high street retailer must move its listing from the main market to Aim. The letter, from a group claiming to control 15 per cent of the company, says: "We would very much like to have the UK Listing Authority's view on whether it is in fact necessary to delist the company when at least 24.5 per cent of its shares remain in public hands." The investors say "the loss of the full listing would lead to a diminution in shareholder value and reduction in the requirements for good corporate governance at a time when the FSA is seeking to ensure the strengthening of these objectives." The letter is the latest salvo in the ongoing battle between minority shareholders and the Monsoon board. Peter Simon, Monsoon founder and chairman, told investors at last week's annual meeting that if they did not like his plans - which include moving to Aim and reviewing the dividend - they should invest elsewhere. His comments came days after the close of a controversial "put" option designed to increase his family's holding to up to 92.5 per cent. That took the family stake to 75.5 per cent. Under listing rules, if a company's free float falls below 25 per cent and there is no reasonable prospect of returning it above that threshold, it must delist from the main market. But the shareholders, who said they would identify themselves at the FSA's request, said the City regulator had discretionary powers and claimed that Monsoon's move was not a fait accompli. They are angry with Mr Simon for trying to buy back the shares cheaply - the put offered a maximum of 130p a share net - threatening to cut the dividend and fill the board with his nominations. Separately, it has emerged that Simon Cawkwell, best known as a day trader, acquired 100,000 shares a few months ago at 137p a share. Mr Cawkwell said yesterday that Mr Simon would eventually take the company private, mopping up the shares at a premium. The shares closed down 2½p yesterday at 161p. However, Monsoon said there were no plans to go private. It added that it had had prolonged discussions with the UKLA and that the company did have to move its listing. |
Posted at 16/10/2003 12:40 by ozz2 jeffian I only invest for an hoby more than anything and I am not too savvy with all the ins and outs of the markets.This is only my simplistic thinking what I am about to offer-- I think The move to the AIM market will get more private investors atracted --the Institutional investors by and large don't bother with this market--or rather they are not allowed to--I think?? Hope I'm right and thanks for the helping hand with so much information! ozz2 |
Posted at 02/7/2003 23:51 by jeffian It's more than 'on the way', Cat, it's effectively happened. Surprised that there hasn't been any other comment but maybe because it's not that clear what the implications are and it needs thinking about. The effect of the proposal is that Peter Simon's family interest will end up owning 90something% of Monsoon and you can either accept his 'put' offer at 140p per share or hang on and be a minority shareholder in a family firm with a quote on AIM. I suspect that the latter would be unattractive (limited free float, no real market in shares, lack of interest from investors therefore no price driver, 'family' control), but I need to think about that. I suppose the key question is whether 140p is the right price or whether this is an opportunistic MBO just as the market is picking up.Regards, Ian |
Posted at 29/5/2002 19:11 by factsonly Champ - MD is leaving, but that doesn't mean he needs to sell out yet does it!?As for technical analysis, I'm sure it works for a number of people/companies, might even work better for smaller companies as all it takes is a few moderate investors (chatists) to influence the pricing/trading. However, trends do change and break, otherwise everyone would be using it. Like my boss (who is a multimillionaire) said "if it's so good how come those who use it (charting) aren't all millionaires?". I suppose what I'm trying to say is don't over rely on it, I believe MSN is starting to swagger a bit and might break from its "trend" soon, whether or not you agree is up to you. I sold my last batch for 142p each, could of gone back on for cheaper, but realised results weren't as good as I'd thought and that market conditions might be turning against MSN. Good luck. Thisisme - see you back on the HVR board. |
Posted at 29/5/2002 17:44 by championismo Factsonly the MD is leaving the chairman is buying him out.As for the gap in the chart it is just another form of technical analysis which i have found to be very succesful, technical analysis works because investors beleive in it invest by it and therefore it predicts what investors are going to do. The more who invest through technical analysis the more efficient it becomes, in smaller stocks technical analysis doesnt work so well because the are less people using technical analysis to trade it. Technical Analysis cant value a company but it can predict share price movements. |
Posted at 29/5/2002 16:20 by factsonly Apologies, it wasn't the FD, nevertheless the MD is selling. If he believed the price would continue rising he would of kept his holdings longer, he obviously believes not. The chairman making additional buys doesn't really bring much extra faith/excitement... just an extra stranglehold over the way the company is run.As for closing a gap in the chart, why does it have to do that? why can't it simply trade sideways/downwards over the next two months? A chart doesn't control the share price, investors do... but anyway, I think interest rate changes and the start of the Summer lull are likely to break such chartist trends, but then again, maybe MSN has the saving grace of a Summer results announcement. If you truly believe it will continue rising this Summer, then it makes sense to hold on. If you don't, then do what you must. |
Posted at 24/1/2002 09:35 by factsonly Nice to hear Shares magazine tipping them, I expect Investors Chronicle to do likewise tomorrow... I'm expecting some activity. (I agree that the share price should push above £1 now). |
Posted at 03/1/2002 14:05 by factsonly Snippets of the comments in the Mail and Investors Week found at the end of this link: |
Posted at 03/1/2002 09:50 by cwa1 Apparently tipped as share of the week in Investors Week-though haven't seen it myself. |
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