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OPD Opd Group

38.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Opd Group OPD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 38.25 00:00:00
Open Price Low Price High Price Close Price Previous Close
38.25 38.25
more quote information »

Opd OPD Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 10/1/2011 15:18 by jeffian
Trading updates today from Michael Page (gross profit up 30%+) and Hydrogen (net fee income up 60%+). Yep, OPD management sure picked the bottom of the cycle to mug their minority shareholders. How long before they re-float, do you think, to line their pockets again and draw in another load of mug punters? Prime People. OPD. 3rd time lucky (again?). Why change a winning formula? Investors would be wise to memorise the names of those involved and steer well clear in the future IMHO.
Posted at 21/4/2010 11:58 by jeffian
Results due out sometime this month. Given the more upbeat statements recently from other recruiters, should be promising and the share price has lagged the others' recent performance. Due a catch-up?
Posted at 18/2/2010 16:43 by jeffian
Intriguing RNS today stating that Marilyn Lee has acquired 600,000 shares to take her holding above 5%.



Mrs. Lee is Chairman Peter Hearn's sister and one of the 'concert party' involved in the recent takeover bid. Wonder where the shares came from.
Posted at 19/12/2009 13:20 by jeffian
Even if it's a 'done deal', I intend to go along to the meeting to try to find out what is going on. I've just received the full Circular which I haven't read yet but, on the face of it, it's hard to understand where OPD are going with this. Odgers is the largest and most profitable part of the business. Without it, OPD will be a shadow of its former self and, arguably, unviable as a public company (though given that the unsuccessful bid was an attempt to take it private, perhaps that's the point!). I don't get the argument that Odgers needs to be independent to incentivise its staff - surely you could say that about any public recruitment company? I'm going to have a look through the docs to try to understand what OPD will look like if this deal goes through and would appreciate anyone else's thought on the matter.

Regards, Ian
Posted at 19/12/2009 12:59 by jeffian
"The Resolutions will be proposed as ordinary resolutions and will be passed if more than 50 per cent. of the votes are cast in favour. If the Resolutions are not passed, the Transaction will not proceed."

"OPD has received an irrevocable undertaking to vote in favour of, or procure a vote in favour of, the Resolutions from Offerco Limited, which holds 16,838,356 Shares, representing approximately 63.09 per cent. of the total issued share capital of the Company."
Posted at 01/12/2009 10:54 by jeffian
Quite interesting to see what is going on at Mitchells & Butlers (MAB). In that case, it is the Board seeking to protect themselves against a group of shareholders, whereas at OPD it was the other way around(!), but both cases demonstrate that the Takeover Panel is useless in these situations. When common sense - and, indeed, evidence - indicates the existence of a Concert Party (a group of shareholders acting together to further their own interests at the expense of other shareholders), any complaint to the TP seems to elicit this sort of exchange -
Complainant to Takeover Panel: "Oi, we're being stitched up by a Concert Party"
Takeover Panel to Concert Party: "Are you a Concert Party?"
Concert Party to Takeover Panel: "No."
Takeover Panel to Complainant: "We have no evidence of the existence of a Concert Party."

Doh!
Posted at 03/9/2009 16:48 by jeffian
I don't know, but I also don't know why she still has any as she was listed in the Offer Document as having given an 'irrevocable undertaking' to accept the offer for her shares. Hmmmm! I'm not sure whether the relationships between all these parties was recognised in considering the 'concert party' test. Is it commonly known that 'Marilyn Lee' is Peter Hearn's sister? The supposed arms-length relationship with CEO Francesca Robinson also attracted my interest when she gave over £1m-worth of OPD shares for free to the Hearn Foundation in April 2007, albeit she appears in their accounts as 'F. Carter'. Hey ho, I'm sure it's all above board but it's a strange old world down at OPD!
Posted at 03/9/2009 15:00 by crita1
Peter Hearn's sister sold out all her OPD shares yesterday, I wonder why she didn't sell them to Offerco.
Posted at 28/8/2009 15:15 by davidosh
No doubt OPD picked up the tabb for doing us long suffering shareholders such a favour !!
Posted at 21/8/2009 21:50 by jeffian
Thank you, alderman, for that comprehensive reply. I raised it here because, in the case of OPD, management have recently been involved in an attempt to take the company private on terms which a substantial minority of shareholders found unacceptable and their method has been to present the company's position in the most unattractive light (waived dividends, huge asset write-downs etc) so I wouldn't put it past them to be pursuing such a claim without publicising the fact to shareholders!

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