Stobart Group Ld Share Discussion Threads

[bluemango] 24/8/2018 13:59

One year chart showing triple bottom

Results in a month's time.

[fenners66] 06/8/2018 11:32

If I was paying RK over £130k could I get him to say something nice about me ?

[garycook] 06/8/2018 01:28

zd,Yeah Bananarama/Boyzone Ladyboy group LOL.Minerve,Exactly,Is RK trying to be a Bono of U2,but why did Tinkler pay RK £65K,and £67.5k of Stobart,s money for what ? I sincerely hope Tinkler losing the Court case,and has to repay all the expense payments made by him.It is becoming very clear now what Tinkler/Woodford,and Day were up too.Congrats to Iain Ferguson,Warren Brady etc,for taking the correct path,and corporate governance for and behalf of the STOB shareholders.By the way the share price is looking excellent value at the current level.

[minerve] 05/8/2018 22:50

Ronan Keating? WTF does he know about Stobart and corporate governance?

Stick to singing and appearing in tabloids.

[zangdook] 05/8/2018 21:25

I thought Ronan Keating was with Bananarama.

[garycook] 04/8/2018 03:05

I wonder if this has anything to do with current STOB share price Former Stobart CEO 'expensed horse racing sponsorship, private jets'
(Sharecast News) - The former boss of Stobart Group has been accused of spending more than £4.5m on expenses, including helicopters and horse racing sponsorship, according to court documents filed on Thursday.
Andrew Tinkler, who has been in dispute with the company since his sacking in June, allegedly spent £1m on helicopter transport and £600,000 in private jet flights paid by Stobart to companies Tinkler owned.

One invoice for helicopter costs was for £170,000, Stobart alleged.

The corporate soap opera saw Tinkler try unsuccessfully to unseat chairman Iain Ferguson from the board in July.

Stobart is seeking damages and compensation along with a declaration that his dismissal was legal. It also claims he breached his fiduciary duties as a director.

Tinkler wants damages and a court declaration that his dismissal was invalid.

The Daily Telegraph reported that Tinkler spent £1.6m on premium travel between 2015 and 2018. A further £2.9m was claimed for corporate entertainment from late 2014 and to February 2018.

Included were bills for £65,000 and £67,500, from December 2015 and 2016 respectively, which referenced popstar Ronan Keating.

The Boyzone singer took to social media in July to say "absolutely disgraceful what they are saying about our friend Andrew Tinkler . The company would not be where it is without him".

Keating also helped distribute a letter from Tinkler to shareholders via his Twitter social media account.

Stobart also alleged that last November, Tinkler, fund manager Neil Woodford and Edinburgh Woollen Mill owner Philip Day plotted to buy 60% of Stobart Group's airline business for £20m as part of a potential takeover of Flybe in a move that would have seen them sell that interest three months later for £40m.

It says the proposal would have benefited Tinkler and other consortium members but was not in the interests of the group or other shareholders. Tinkler denies the claim.

Topped up here between 215,and 218.Should and will be a bargain at these levels.

[minerve] 25/7/2018 10:54

Ref RNS

Impressed by the current behaviour of the board. Are you watching Mr Tinkler and Mr Woodford? This is how you run a listed company properly with good corporate governance!

[garycook] 11/7/2018 03:25

Interesting.So the current BOD are maybe looking to paying off Tinkler,or buying his 7% stake.Do I read that correct ?

[minerve] 09/7/2018 11:19

GARY

I hold Stobart and Eddie Stobart so I am watching this closely. I'm a strong believer of corporate governance and as a founder of a listed company there were plenty of strict rules that we adhered to in return for the benefit and liquidity of listed stock. In the end, those rules, particularly on limiting my sales - along with some other things - made me decide to resign. I did the right thing. I didn't expect everyone to move the company in my direction just for me or just for the founders.

It doesn't take a clever man to make a decision like this. It just takes someone with integrity and decency.

[garycook] 09/7/2018 11:09

M,Totally agree with you on Woodford.Arrogance with disrespect for others spring to mind.Also his reputation is diminishing by the day.Would he invest is own money like is as done for his shareholders I think not.There is another side to Woodford,and I would not invest even £100 in one of his 3 funds.A Monkey would have done a better job of picking stocks than Woodford and his so called team.I feel sorry for investors who have put there trust in him.I believe he has lost the plot.Regarding STOB the share price tells the story today.I should have topped up at 227p this morning,

[minerve] 09/7/2018 10:37

Woodford being a star manager is now history. He seems to be having problems accepting that. His funds have been bottom quartile over the last 18 months or so haven't they?

Woodford also seems to have a problem acknowledging other shareholders. He tried to force GSK into doing what HE wanted.

I had a lot of respect for Woodford 2 years ago. Every month that respect disappears.

Invesco were the star, not Woodford. It seems their processes are excellent and are certainly more respectful and understanding of corporate governance.

[topvest] 09/7/2018 07:45

Iain Ferguson, Chairman said: "This is an important day for corporate governance in the UK and for ensuring that the interests of all shareholders are fairly represented and protected."

[jonwig] 09/7/2018 06:59

According to the Telegraph, Stobart's second largest shareholder Neil Woodford has blasted its management for sacking former boss Andrew Tinkler from its board just hours after being appointed by investors.

The star fund manager described the chairman Iain Ferguson’s decision to dismiss Mr Tinkler as “truly appalling behaviour” that “treats shareholders’ wishes with utter ­contempt”.

"Star fund manager" - somehow that moniker seems to stick. (White dwarf?)

[topvest] 08/7/2018 21:39

Minerve - I agree with you, but it was a very narrow margin, mainly because of Woodford!

[fangsforthememory] 08/7/2018 20:31

hxxps://news.sky.com/story/under-fire-stobart-chairman-lines-up-exit-from-warring-boardroom-11430632

[stur7672] 08/7/2018 19:31

Remember guys that there is a resolution to vote on the proposal to elect Philip Day at the EGM on 16th July 2018. Now I know how to vote via my nominee account ( the Stobart AGM being my first try) I have submitted my instruction this evening.

[neilyb675] 08/7/2018 18:01

Lololoooolololol

Get stuffed Tinkler you greedy bar steward

[john09] 08/7/2018 18:01

Let’s see if the share price is a winner when it opens. That’s what matters

[minerve] 08/7/2018 17:59

topvest

Corporate governance is the winner and we should all be celebrating.

[topvest] 08/7/2018 17:49

I’m not sure that anyone is a winner in this Board and Shareholder dispute. Pleased that Tinkler has lost though as he appears a dodgy (albeit gifted) individual. Another case of Woodford backing the wrong type of person.

[stur7672] 08/7/2018 16:19

3rd September 2018

[fidra] 08/7/2018 15:50

Anybody any news when Carlisle airport will reopen ?

[fenners66] 08/7/2018 14:34

Woodford's credibility at a new all time low?