We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Security Res. | SRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 42.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.50 | 42.50 |
| Top Posts |
|---|
Posted at 07/10/2017 17:36 by interceptor2 Good news to hear the pay out is 63p with more to follow, hopefully I will receive mine early next week.This is the first time I have held a stock that has delisted, so wasn't sure about the situation, yet I had read your experiences battlebus as well as few other that in the the majority of cases they worked out well. But good to experience one first hand. Well done to other investors here, some patience required after nearly 3 years. |
Posted at 31/1/2017 09:25 by meijiman It's unbelievable that you find out things from reading a BB rather than from the company. This outfit are truly pathetic at keeping investors informed. |
Posted at 31/1/2017 07:12 by interceptor2 Thanks Davidosh, now they should have no excuses about sending cash to shareholders.Investors here have been in contact with the Directors, and I will certainly be chasing them up again once I have seen the details. |
Posted at 25/10/2016 21:55 by interceptor2 Below is an E Mail exchange I had with Finance Director John Warwick just over one week ago. So he did confirm that the second payment for Audiotel had been received,and also that my estimated 32p per share cash and equivalents figure was about right. Lets hope that the present marketing initiative will mean that we see some positive news first.See Emails below. Dear Sir/Madam I am a shareholder in your company and have been waiting patiently for a return of funds since the announcement of delisting on 26th November 2014. The companies original intention was to return a payment equivalent to 15p per share in April 2015, I know that you issued a statement on 5th April 2015 saying that due to additional cost of making ad hoc payments, that you would make an enhanced payment after funds were released from a disposal of one or more of SRG's operating segments. On the 2nd September you announced that Audiotel had been sold for £1.0m, with a cash payment £500,000 received at that time, and a further and final cash settlement of £500,000 to be paid in September 2016, so I must make the assumption that the second payment has now been received. Looking at the most recent full year accounts I see that you have £5,698m cash and equivalents, adding on the £500,000 received last month would mean cash and equivalents of £6,198m, or 32p per share. As your original intention was to return shareholder funds in two payments, I think a payment now of between 20p and 25p would not be an unreasonable expectation, which would still leave plenty of cash for working capital requirements. And it would be welcomed as a goodwill gesture from the company, and of course will give investors back additional funds that they can use to continue to make worthwhile gains in the stockmarket. Yours Sincerely I refer to your recent letter addressed to Jonathan Mervis. We have now received the £500,000 that you referred to and as you suggest our cash per share has increased to around 32p per share. We came close to selling PSG but not quite close enough and are now re-marketing it and are hopeful of a sale. As each return to shareholders is a costly business in so far as it incurs legal fees, stockbroker fees, registrars fees, printing fees etc. we are waiting to see the outcome of the present marketing initiative before progressing a return to shareholders any further. Kind regards |
Posted at 28/11/2014 08:33 by interceptor2 Thank you Davidosh for expressing so eloquently what I think most investors here felt about the situation. The Chairman does deserve to receive some difficult questions about this, as already mentioned the whole sequence of events has been very misleading.I agree it has created a false market after the 5th November, and as a shareholder that brought into this company during this time, I will ring the Chairman later to ask for an explanation. yump, I did mention the possibility yesterday about interested parties picking up stock from forced/annoyed sellers, when you look at the general consensus of the break up value expressed here, the temptation is there. |
Posted at 28/11/2014 07:45 by cfro Totally agree with your comments Davidosh.Also eeza'a point about being a false market between results day and the delisting announcement. Lots of investors must have known. I was one who was buying during that time so i do feel well and truly shafted. The delisting should have been announced on the results day. About time some new rules and regs were bought in surrounding the issue of delistings. Unfortunately i have now sold at a loss but if i still held i would certainly be voting against! |
Posted at 27/11/2014 21:12 by davidosh eeza 27 Nov'14 - 20:50 - 179 of 180Certainly allowed a false market to build between interim results statement Nov 5 and de-listing announcement. Shares advanced from ~40p up to 62p, approx 50%. eeza....exactly ! I am sure that the insiders knowing about the delisting were not buying even though the excellent results and chairmans confident tones sucked in lots of innocent private investors who then had to sell or will have to before the delisting. If I had lost money over this....I would want a detailed explanation from the chairman and the advisers as to what changed in such a short time and why the delisting was not suggested within the results to caution buyers who may not want to hold off market ?? Simples |
Posted at 27/11/2014 21:04 by davidosh The numbers of votes for a delisting are significant but in truth looking at the register that looks to be no more than five holdings and could even be less in number of decision makers as some are held by one individual I understand.How bad would it look if a hundred private individuals voted against due to the lack of information and poor communication and just five wanted a delisting ? I think individual investors need to stand up and be counted....and just watch how the nominee account system works against us all on that score too. The system gets played by directors and their friendly advisers in my honest opinion and I have seen it all before. If I am wrong the company will be happy to adjourn and give us a fair meeting. Why not tell Jonathan Mervis,the Chairman or John Warwick the Finance Director on 0207 881 0800 exactly what you think of their ill timed plan and ask for an adjournment ? |
Posted at 27/11/2014 20:26 by davidosh Just a few points from me...1. I am far from impressed that a chairman sings about the performance of the company in results statements just three weeks ago then announces a delisting which he fully knows will materially affect the share price in a very negative way as most private investors do not like to hold delisted company shares. Why did they not announce the delisting at exactly the same time in the results announcement as they had clearly been to see their major holders and discussed the possibility ? 2. Shareholders need to fully understand what the rationale is behind the need to delist as the listing costs with no PR and no broker coverage are certainly no more than £30k a year and the extra visibility of reporting half yearly and having to announce things is far better for individual investors as the big boys with 60% are no doubt constantly in touch with the company. That begs the question that if the chairman is keen to explain himself to shareholders and meet us to show we are in good hands why has he chosen three working days before Christmas to have a meeting and to start at 9.30am ??? That tells me he wants nobody there and this is being done as much under least protest as possible and they know many will be forced sellers but simply do not care ! 3. Do they really think that the cost of listing is going to erode a significant part of the returns to shareholders or do they prefer to do it without a significant number of shareholders knowing what is going on and off market ? If you want ShareSoc (www.sharesoc.org) to take a close look at this then it will need one or two of you to request it. You need to act fast but at the very least this meeting should be adjourned to mid January and a time and place accessible to the vast majority so at 11am or 2pm in London. |
Posted at 27/11/2014 09:24 by interceptor2 Appreciate your efforts in contacting the Chairman Stegrego, unfortunately I feel that PIs would be the last people he would give any useful information to. He has a vested interest in playing his cards close to his chest at this stage. When his historic background in mergers and acquisitions is taken into account, he would have a very good idea of how much each division is likely to be worth.Best to try and look on the situation as if you were the Chairman imv. The strategic review of the PSG division was announced 7th May, and concluded 15th August, where it was stated due to strong trading it was in the interest of the company to keep PSG. In the review period competitors would have been well aware of the situation and I wouldn’t be surprised if some interest was expressed. Period year end was 30th September, the board knew that trading was strong, so it would make sense to wait until after 5th November until yesterday’s announcement was made. Now interested parties can study the results, and a better price could now be achieved. Even though the company stated that it could take 3 years to conclude the sale of each division, I think the whole process could be concluded much quicker, within one for the PSG and Audiotel. It makes sense to state a 3 year time scale, because if for example a 1 year time scale was given, then potential acquirers would know that the company is in a rush to sell, and would have the upper hand imo. PSG, The reason I think this will go quickly is that it operates in a hot sector, has the highest margins and in a dominate position in its niche market place. Wouldn’t at all be surprised if they have interest parties already here. FWIW I can see a return to shareholders of nearly the current share price from this major division Audiotel, This is an interesting one, and is the division that I thought management were keen to hold onto and make a core holding. Also note that in yesterday’s update they inserted the word difficult marketplace, but on the 5th November the tone was rather more upbeat imo. I wonder if there might be a management buyout of this division, and they have just slightly toned down their optimism in their own interests. Audiotel also has the potential at some point in the future, of winning another huge contract from the MOD. If I am right and management plan to buy this division, then once SRG is delisted, we will be in hands of management to treat us fairly here. At least we know that historically they have returned excess cash to shareholders in a fair way imo. M&B, I am sure a suitable acquirer will be found, they seem a decent business with good margins, strangely enough there was a large acquisition announced this morning in this sector by RPC, perhaps the timing could prove fortunate. One final thought, SRG already have 69% acceptance and just need another 6% to reach the 75% level, might there be orders in the market to pick up this extra stock at these low levels? All just idle speculation from me, but it would interesting if other investors have had similar thoughts, or even that I am talking utter rubbish :o( |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
