Reflec Share Discussion Threads

[philmac56] 06/10/2014 20:44

Clocky..... ave you got your handle right?????

Clocktower!!!!!!

Should it be

Clocky, cos your always winding up posters on here!!!!

[johndee] 06/10/2014 19:40

I would accept £1000 a share, not too far off break even, although I did very well in 1999/2000 with Reflec.

[upthepool] 06/10/2014 19:23

We get a bit of a debate going and up pops clocky the non-shareholder (was he ever one) with the same old stuff.

What is strange is that we don't have the clocky quoted small shareholders, apparently forced out, on here venting their spleen. You're doing it. Why?

Did you ever speak to the BoD, were you ever part of the discussions that led to the consolidations (and the reasons for it). No? well you shouldn't be posting stuff on here in such a way as it looks like you are quoting facts because you don't know them.

Can you tell me how people were forced? Was it non-democratic? Was it dictated? Was there not a vote on it? If there was a vote what was the % in favour. What were the reasons stated? Did the company act unlawfully?

Come on clocky, you purport to quote facts. Give us these ones. If you can and they back up the stuff you wrote you might have some credibility.

£1000 per share. What is that figure?

I'm sure man1 will have a view on the way you spectacularly missed the point of the conversation for your second guess above.

[clocktower] 06/10/2014 18:47

4screws - The management forced them too once before why not again? I assumed from when they replaced the previous directors, it was to protect their already sizeable investment and work to increase the value of their investment, which through consolidation they have managed to do rather well and carry the other larger stakeholders with them. Why would they not continue and suggest like last time that is in the majorities best interest as they will get a healthy return compared to pre-consolidation?

I guess the only reason man1 asked that question was to put the ball in the park so too speak. The sooner they put you out the sooner they can get on with whatever plan they have discussed I assume.

Be grateful, they saved your bacon from the past crew and a bird in hand even if it if it is well short of the low pre-consolidation price of £1000.00 a share needed.
"
man1 6 Oct'14 - 14:29 - 1484 of 1489 0 0

Phil ,
Its as UPT has stated , I have e mailed many a shareholder for a discussion including yourself , others choose to reply ."

LOL - My guess is: The discussion is a forgone conclusion in what the board decides but of course all your views have been taken into account and this is what we are going to do!!!!

Good Luck but shame on them all.

[4screws] 06/10/2014 17:35

whilst the dividends keep coming in, maybe 10 years down the line will the returns and a rising share price reward the long term holders.
If the value of the company is seen to keep rising as I feel it will as the management having taken difficult decisions at least kept the company going ( I cannot argue with that, in fact I praise them for their efforts) however why should a small handful of shareholders with larger stakes as a result of consolidation walk away with the assets if the small holders are forced to sell.

[4screws] 06/10/2014 17:32

philmiboots I think it easy to forget that many people bought in and watched a consolidation wipe out over 90% of the investment that they had with reflec. When the share reaches £500 a share then at the point of consolidation and its true worth then maybe the shareholders will get back the money they put in. As a result of consolidation, many shareholders were removed , I am sure they would be upset to see a re listing which would probably put the fragile £200 a share at risk because of costs etc....

[philmiboots] 06/10/2014 15:41

£50 to (say) £200 is +300%.
Total divi payments to date £17.50, with another £5 in December.
Nice!

[clocktower] 06/10/2014 15:25

Best interests of all would at this stage for the management to offer to buy all outstanding shares, which is what I bet they have in mind if they can see future possibilities for the company, or the chance to sell it for a big premium another year or two down the line after such a binding offer were too be accepted by the majority imo. After all they squeezed the small holders out once before and have made a good profit on those shares they took up, have they not?

[philmac56] 06/10/2014 14:51

I'd go for a relisting, alas there will be costs involved there. Could that then put the divi to bed!!!!!

[man1] 06/10/2014 14:29

Phil ,
Its as UPT has stated , I have e mailed many a shareholder for a discussion including yourself , others choose to reply .

[johndee] 06/10/2014 12:29

Re-listing would be the best way forward I would imagine.

[upthepool] 06/10/2014 12:14

phil;

my reading of man1 post is that he has had "debate" with other shareholders and these sort of topics have been mentioned. I wouldn't have thought the BoD would be having that sort of "debate".

My mention of "exit strategy" is from the shareholder letter that dropped through the letter box over the weekend.

[philmiboots] 06/10/2014 11:19

er....man1....(plus anybody else come to that)....

"I have heard debate on re -listing on the market .
Share buy back .
Complete sale of the company .
mixture of divi / buy BACK ."

...care to expand on these interesting possible developments, what "debate"?

[upthepool] 06/10/2014 11:12

man1;

a dividend of £5 is very acceptable to me. If we get another £5 at finals it would give £10 a share divi. Given the indicative price of £220 a share, that equates to 4.5% return per year, which is good. I know that doesn't take into account how the share price has tanked over the years, but we are where we are -and if you invested at £220 a share today, a 4.5% yield on your money is good.

JP Jenkins was a disaster, mainly due to the stupid fact that you needed to employ a broker to move any shares (and the cost associated). well done to the BoD for realising this and putting something else in its place, which does at least create some sort of market for shares.

I'm also interested that the BoD are mentioning exit strategies. I've not made the last few AGMs due to other commitments but would be interested, of the four possibilities you listed, in what order the BoD would put them in terms of preference - or if they are thinking of maintaining the status quo to try and grow the business.

[man1] 06/10/2014 10:53

Morn All,

First off I think its worth a big thank you to the BOD for a excellent interim report .

secondly I would like to thank everyone who has corresponded with me over the past few months , some interesting discussion .

I have not posted on here for a while , as I thought I was merely talking to myself so I went for the individual approach . But it is nice to see a little bit of banter on the board .

As the BOD have stated the door is still open on ideas and options to do with an exit strategy and I can assure you all ideas are welcome .

it would be good to have these discussed in the open , so that everyone can have there say .

As for the share trading everyone can see it appears to be working ok and as previously stated there has been a number of shares available over a period of time , so no one can complain about not having an opportunity to purchase more .

I have heard debate on re -listing on the market .
Share buy back .
Complete sale of the company .
mixture of divi / buy BACK .

Since most investor have probably been involved in other companies , has anyone been party to other options ..

Keep the faith ..

[philmac56] 04/10/2014 18:24

Philmeboots

I can see you bit thr bullet and updated your charts.....lol.

Yep, good news in the post today, onward and upward

[4screws] 04/10/2014 12:58

clocktower, surely given the current economic climate, to increase the dividend and keep sales growth moving upwards is something many companies would jump at.

[clocktower] 04/10/2014 12:38

Thanks Johndee.

Good Profit but if turnover does not increase then this is going nowhere. Maybe best if it was sold while it has a good profit record and funds returned to the reduced number of stakeholders.

[philmiboots] 04/10/2014 11:24

Half year statement out today.

Interim Divi payment of £5.00, to be paid on Dec 9th.

Profit for half year to 31/8/14 £218,000 (£169,000 to 31/8/13).

Turnover £1,280,000 (£1,179,000).

[johndee] 02/10/2014 13:06

£220 is way below consolidation price, it is about 20% of it. £1100 may be closer.

[clocktower] 02/10/2014 13:02

So no answers Philmiboots to the questions I asked from anyone - in reply to yours No I hold no shares but still watch to see how you bulls got on. Good Luck - pity the management acted the way they did some years ago but then too be expected I guess. Still they saved their bacon and a few others along the way, so a silver cloud there somewhere I guess.

£220 = pre-consolidation price?
CT.

[philmac56] 02/10/2014 07:45

I cant understand why the following for sale, 5 shares at £180, 1 at £170 have not been snapped up, when there are 4 or 5 seperate amounts of wanted shares, cheaper than the £220 indicative price.

News got to be due very son now, i had it earmarked for last week.

Gla

EDIT...EDIT....4SCREWS

Great int figures at NH, alas no movement YET with sp😰😰😰😰😰😰8560;😰

[4screws] 30/9/2014 14:42

ok gents I agree with both your posts!!!!!!!!

[upthepool] 30/9/2014 08:32

Not sure there is such a thing as insider trading / closed periods etc now this is a private limited company rather than a public limited one.

Yes, we normally get an updated indicitive share price with the results / interims so it will be interesting to see how that relates to the previous figure.

And, yes, the previous indicitive price was £220 but it the first time I've seen someone willing to pay that.

Hopefully it is a sign that the company is doing really well, that the new indicitive price will have rocketed and someone was trying to sneak a few in at the old price.

[philmac56] 29/9/2014 22:43

4 screws,.

The shares are wanted, at a price of £220, so why could it be classes as insider!!! They have not been bought.

I thought we would have had int results last friday, no doubt, they should be tomorrow imo