Stobart Group Ld Share Discussion Threads

[minerve] 08/7/2018 11:24

Right decision and excellent news!

A rare win for corporate governance.

A few points to note:

Shame on you Woodford!

Stobart, Tinkler - This company no longer 'belongs' to either of you! If you want it to continue as your play thing then give us a good offer and take it back into private hands. That is the right and proper way to do things. This is the big league now and you need to act accordingly! Time to redevelop some etiquette and dignity IMO.

Could be a share overhang now and we may not have heard the end of this. Could be a future move to take this private or a further future vote against the Chairman.

Not sure whether to stay if the circus is going to continue. I have better things to do with my life than put up with dubious and greedy people.

[jonwig] 08/7/2018 06:53

The FT knows as well! The FT asks the most important question for me, a non-holder:

Stobart now faces the challenge of rebuilding its corporate standing, already dented in 2013 with the ousting of a previous chairman, led by Mr Tinkler. “I wouldn't become a shareholder again immediately,” said Tony Yarrow, a fund manager at Wise Funds and former top-20 shareholder. He sold his shares soon after Mr Tinkler announced he was opposing Mr Ferguson.

Mr Yarrow said he feared “a share overhang”, if the investors behind losing side sold their holdings, and how the company would operate without Mr Tinkler’s “nose for a deal that is quite exceptional”.

[eeza] 07/7/2018 23:35

Tinkler defeated.

[minerve] 06/7/2018 22:10

Disappointing to see that one of the best UK fund managers - up until a few year's ago - seems to have complete disregard for decent corporate governance when it comes to choosing between that and his 'mates'!

[fangsforthememory] 06/7/2018 18:44

In the light of Mr Woodford's recent record, it is probably wise to do the opposite of whatever he recommends........

[zangdook] 06/7/2018 17:28

Woodford statement from last month. I don't buy it Neil.



What are these "unfounded and ludicrous allegations" against Neil Woodford? Has he copied and pasted something from Tinkler?

[stur7672] 06/7/2018 17:25

I am sure the outcome will be leaked one way or the other before 7am on Monday. On the positive side it was good to get the dividend payment today.

[zangdook] 06/7/2018 17:17

I hope they put it out at 7 tomorrow.

edit: Monday >:-z

[neilyb675] 06/7/2018 16:32

The Board of Stobart Group Ltd announces that the counting of the votes in relation to the resolutions put at today's Annual General Meeting is continuing and the results will not be known today.





A further announcement will be made in due course.

[bluemango] 06/7/2018 16:28

Still counting votes and result won't be known today. Grrr!

[minerve] 06/7/2018 14:18

Yes, I thought they would be out by now.

[garycook] 06/7/2018 13:56

Waiting also.Should be imminent.

[topvest] 06/7/2018 13:52

When do the results get announced?

[fenners66] 04/7/2018 00:52

According to the Daily Mail -

"Deposed Stobart Group boss Andrew Tinkler's bid to get re-instated to the company board receives support on Twitter from a company called M&M Racing.

Reads one tweet: 'Complete disgrace the way Stobart's Board have treated Andrew Tinkler. Trying to claim credit for his great work NOT THEIRS.'

Says another: 'The on-going board has NO credibility at all, Andrew Tinkler has lots of associates because he is honourable.'

Strong stuff. Who is M&M? A Cumbrian-based horse racing syndicate it appears. Sole director: One Andrew Tinkler..."



Maybe he learned much of what he knows from ADVFN BB's?

[stur7672] 03/7/2018 07:33

Bluemango, it was really easy to do with AJ Bell too - a simple secure message with preferences and they do the rest. Ps I voted on three resolutions - two in favour of re-election and the other against. I suspect the outcome will be the M&G proposal - hence the reason I voted against resolution 4

[bluemango] 02/7/2018 10:30

H-L will take voting instruction over the phone, only need to vote for Ferguson, ignore other resolutions. Dead easy and no need for any paperwork.

[stur7672] 01/7/2018 07:53

The vote has the potential to be extremely tight as using the last major shareholders list Woodford, Tinker and Jenkinson control circa 33%; against 25% Investco plus 8-9 % assuming M &G and Miton support the current board. However I see in the press that M&G are looking to broker a deal before the AGM.

[mayers] 30/6/2018 22:07

Thanks bluemango also.

[mayers] 30/6/2018 22:05

Thanks STur7672. I take your point. As an individual investor one is inclined to think that one cannot make much difference but if everyone does the same then the matter is determined. Thanks again.

[bluemango] 30/6/2018 22:00

I don't think there's much appetite for ditching Ferguson in favour of Tinkler and all the shenanigans that would ensue, so you could see a share price recovery straight after liquidating your holding, when the vote endorses the status quo.

The margin could be a bit tight but I can't see many of the institutional holders following Woodford and most of the nominee holders won't be voting either way.

You'd feel pretty foolish dumping only to see the vote go the way you wanted and the subsequent rapid recovery in share price as the potential instability and uncertainty is removed. IMO.

[stur7672] 30/6/2018 21:24

Is that not the intention of Mr Tinkler et al to create instability, temporarily wreck the share price then hopefully get the company back private on the cheap along with Woodford and Jenkinson? Then no one needs to worry about good corporate governance and inconveniences such as related party transactions.