Bouleversee wrote:When I said I wouldn't be surprised if the s.p. went up when trading was resumed, I meant from the 50p that the placing was priced at, of course, not the suspension price. The Times says that "the placing, in which Mr Johnson is expected to buy about £5m of shares, will be priced at 50p compared with the 429.5p at which the shares were suspended. So, following the Unilever fiasco, when most individual shareholders were denied a vote, we now have most individual shareholders being denied the opportunity of reducing their losses. It's not the first time that small shareholders have been excluded from placings, of course, but I'd love to know how Mr Johnson justifies this as he burbles about moral obligation and how the lawmakers allow this discrimination. What mugs we are.
- Don't hold CAKE,
Appalled however at the roughshod way Small Shareholders have been treated. Forums like LF can and should be the means for a substantial lobby of opinion to be canvassed and mobilised to do something about blatant injustice like this.
- In 2018 it is really silly that Nominee Holders aren't able to exercise their voting rights. I was at a
http://londoninnovation.org event last night in Canary Wharf, speaking with a tech-geek who has a start-up SaaS company addressing this problem. He, laughably, thought somebody would pay 1% for the facility. A technological solution however is
de rigueur in most industries today, the LSE, listed participants, bank custodians, SIPP providers etc. should be compelled by law to make this available to the little people.
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https://webb-site.com How I wish the London Market had somebody of the intellectual gravitas of David Webb fighting for an equitable market for all investors. Capitalism is pretty tarnished at the moment, bad corporate governance is the last thing we need to see start developing!