Non-standard Finance Share Discussion Threads

[pejaten] 11/8/2019 11:30

They have already said that hit will be £10m as most of the fees were success based

[bookbroker] 02/8/2019 11:27

I’d like to know what their professional fees might be, probably wiped out their first half profit, at the least!

[bookbroker] 02/8/2019 11:00

This company and its board are a disgrace for the time and money wasted on the failed bid for PFG., I say that because as a PFG shareholder nothing has been achieved whatsoever, it has cost PFG dearly in terms of professional fees, and the valuations of both companies have taken a sizeable hit, but for this company and its hubristic CEO he has made a big miscalculation. Frankly PFG ought to take this company to court, thing is there is no case to answer, but compensation would be the very least they ought to offer, you have a guy like Neil Woodford who should be hung out to dry for his shocking behaviour as regards shareholder assets and fees, who backed the bid, but I think the FSA should strike him off as being professionally inept at managing outside assets. PFG has a strong board in place, but NSF with its comparatively small size should not have been allowed to table a bid, without Invesco and Woodford it would never have got off the starting block!

[greeberman] 25/7/2019 00:13

Underweight, overweight, overhang, deleveraged. They're all good sounding but 'sentiment ' is what shall power the change. The BBC, all their staff, and Sturgeon are trying their level best to down grade Britain's forthcoming prosperity in the shape of Boris. Huge positive change is coming. But not until November. I'm waiting for then. Call it what you like. Timing is key. You're in too early. Keep your powder dry. We shall reap the benefit as austerity was over with a couple of years ago. Wait.

[dendria] 23/7/2019 14:50

A strong rise today - looks like any overhang has cleared - at least for now.

[greeberman] 12/7/2019 09:03

Any ideas on who the 'new manager' is ?And the transfer. Has Woodford benefited to the tune of GBP 1.2M? Or Is Woodford now in the business of reducing the value of his portfolios by just giving away assets for free?

[greeberman] 10/7/2019 09:16

Thanks discojames.

[discojames] 09/7/2019 12:03

Guys he hasn't sold any - read the RNS properly, "no reading in stock- voting control transferred over"

[topvest] 08/7/2019 20:16

Selling into strength again then! The level of Woodford contagion is starting to get concerning. BREXIT and Woodford is causing enormous valuation anomalies in selected small caps.

[greeberman] 08/7/2019 20:16

A rather cheeky timing that the rns was issued at 17:23 hours GMT, in other words 18:23 hours our time. Equating to around £1.2M in cash. I was wondering when woody would start seeking some cash to shore up other adventures, shall we put it.It is a good bet there will be more.

[dendria] 08/7/2019 19:12

Woody 25.02% to 23.90%.

[grahamg8] 24/6/2019 20:30

Neil Woodford forced seller perhaps would explain ongoing weakness. Picking a buy in point requires delicate timing.

[bookbroker] 24/6/2019 10:32

Maybe now, but the damage is done, barge pole now.

[tongostl] 06/6/2019 08:45

Excellent buying in/top up opportunity, you know you should never look a gift horse in the mouth

[cwa1] 05/6/2019 07:48

There is also the concern that eyes may have been taken off the ball a little during the offer period and there may be some reputational damage/fallout involved too.

[grahamg8] 05/6/2019 07:24

Responsible as he caused it, yes. Responsible as in his bonus or salary will be cut, not much chance. Just before the offer the share price was 56.6p and the cost of offer is 3.4p so in theory at any rate the share price should rise to 53p today. Reputational damage will surely keep any rise below that and might even result in a fall. Possibly creating another buying opportunity.

[don777] 04/6/2019 22:54

John should be responsible for this £ 10M cost.

[cwa1] 09/5/2019 20:55

Quiet in here given all that is going on!

[hussyo] 04/3/2019 14:12

Thanks Gadge...

[gadgeisback] 02/3/2019 08:05

hxxps://www.bankingtech.com/2019/02/nsf-makes-1-3bn-takeover-bid-for-uk-lender-provident-financial/


This site doesn't allow link posting so just Google NSF take over

To see this article and Belfast telegraph articles to get the full picture.