Sweett Grp Share Discussion Threads

[dashton42] 13/4/2013 14:15

Yep, I'm with the board (for what it's worth, given my small holding!)

[interceptor2] 13/4/2013 11:13

I am very content with the way the board are running CSG at present, so will be voting with the board. As you say cfro, if Francis Ives want's to run the company again, the only way I can see this outcome, would be to offer a good premium to take the company over.

ic2...

[cfro] 13/4/2013 09:57

I take we are all going to vote with the board then ?.......(perfectly unstandable if any of you dont wish to reveal your intentions on a public bb).

As far as i see it the current board are doing a good job thus far at turning the company around and thats the reason why i have invested recently. As far as im concerned if Francis Ives is that serious at wanting to get back in charge then he should make an offer for the whole company. I would happily accept 45p. ;-)

[doodlebug4] 12/4/2013 21:19

I'm also very happy with the team in charge.

[battlebus2] 12/4/2013 20:29

Ah but then it wouldn't be insider information lol. I have my own theory but i'll keep it to myself just incase it's way of the mark. Very happy with the current team in charge and the direction we are going and that of the share price. Voting with them.

[doodlebug4] 12/4/2013 20:09

battlebus, I thought you were going to reveal some really important insider information. How disappointing.

[cfro] 12/4/2013 18:20

He's a real tease you know ! :-)

[battlebus2] 12/4/2013 15:44

Ah i'm only speculating to myself lol.

[dashton42] 12/4/2013 15:37

We're all ears...!

[doodlebug4] 12/4/2013 14:53

Over to you battlebus!

[ed 123] 12/4/2013 14:50

And the answer is ....... ?

[doodlebug4] 12/4/2013 14:46

Good question.

[battlebus2] 12/4/2013 14:35

Ask yourselves why he would start this campaign knowing full well he could not win.

[doodlebug4] 12/4/2013 14:33

Agreed dashton - 75% seems to be quite impossible. Good, I think the share price is capable of quadrupling without shareholders having to re-instate Francis Ives to achieve that target.

[dashton42] 12/4/2013 14:04

doodlebug4, re. msg 265, at the bottom of this RNS...



...it says:

""The Board, which commands 12.4% of the vote, will be voting against all the Resolutions and strongly recommends Shareholders do the same. The Group has received letters of intent to vote against all the Resolutions from 41.4% of the share register. In addition, certain other Shareholders representing 8.7% of the share register have indicated their support to vote against all the Resolutions."

I totted up the board's vote with the other figures to make 62.5% - is this right? If so, it's a done deal.

Edit: unless the board counts itself as part of the 41.4%. Either way, it's still a done deal, as a simple majority is all that is required.

Edit 2: resolutions 1 & 3 need a majority vote, resolution 2 (appointment of Francis Ives) needs at least 75%. Even more of a done deal.

[doodlebug4] 12/4/2013 13:37

Ives retired in September 2010, so why suddenly decide he wants to return and what makes him think he can run the company any better. I'm happy with what the current Board are implementing in order to "diversify and strengthen". If Ives says he will quadruple the share price if he gets re-elected then cfro is right,he should make a reasonable offer to the shareholders to buy the company.

[cfro] 12/4/2013 13:22

I've also received mine through the post too, which is also very unusual as my CSG are held in a nominee account.

Very difficult for an outside investor like me to really know what to do but at this stage i am inclined to vote with the board and as far as i see it, if Franci Ives really wants to gain control of the company he should make a reasonable offer to shareholders to buy the company imo.

[doodlebug4] 12/4/2013 13:13

"The Sweett board says that it has letters of intent from holders of 41.4% of the company's shares to vote against Ives' resolutions and indications of support from a further 8.7%, giving it a total of 50.1% currently."

It doesn't look like it is all a foregone conclusion just yet, both parties to the dispute seem to be fighting for support. Ives has said he will quadruple the share price if he gets re-elected!

[saucepan] 12/4/2013 13:11

Yes, I can confirm I have received voting slips for two separate nominee account holdings. They must indeed be keen to get every last vote. Belt and braces perhaps. I cannot see the vote going against the Board.

[dashton42] 12/4/2013 13:03

Is it just me, or is this vote pointless, as the board already has indications of support (i.e. to vote against the resolutions) from 62.5% of shareholders, if my maths is right, with just a simple majority required?

[dashton42] 12/4/2013 12:55

And another one (a bit older):

[doodlebug4] 12/4/2013 12:53

My post hasn't arrived yet today, dashton - will let you know when I get anything. Thank you for the link. This could be an interesting run up to the AGM!

[dashton42] 12/4/2013 12:47

I've just received the voting slip for the GM - it's unusual, because I hold CSG in a nominee account, and would normally be notified by the broker, rather than by the company or their agent. They're obviously keen to get every last vote.

I assume others have also been contacted in this way?

Also, I've just spotted this from a couple of days ago:

[cfro] 11/4/2013 13:22

And a thankyou from me, dashton42, for the article too.