Forgive me for suggesting to all small shareholders here
to visit the Numis investor relations website.
And in particular the AIM Rule 26 disclosures
It will not be our holdings that dictate future Numis
behaviour...too many large holdings here.
I will not be surprised to see some sort of corporate action
here. But I must emphasise this is only a hunch.
Numis will face a backlash from Shareholders following the repurchasing of shares for the benefit if its Employee Benefit Trusts. Another 1.8% of the company were transferred into the Trust, with another 9.28% still in Treasury presumably awaiting transfer. At the same time Numis maintained its dividend having spent massive amounts on these share repurchases. All shareholders need to attend future AGMs and join forces to hold management to account.
Looks as though Management going to have a tough time justifying itself to Shareholders at future AGMs. They need to start returning value to shareholders. Of course they will get the shareprice up ahead of their share bonus which are dependent upon a certain price point.
I've sold out today, I hate investing in companies where the management are greedy, and this is certainly the case here. My theory is that if they clean you out in the good times, just wait for the bad.......
22.9 million on share repurchases and not one share cancelled. I shall be attending the annual meeting for sure and would urge other shareholders to attend as well. This has to be sorted in favour of shareholders.
Its become very clear that Numis looks after its management and some of its staff and not the shareholders. The buybacks have all been to fulfill management share rewards. Quite a disgrace.Shareholders need to attend annual meeting and protest.
Share buy backs are substantial.......they really know how to reward success!
IMO the balance needs to be tipped more to the shareholders. Holding the dividend is a bit Scrooge like. At least they actually state an intention to involve the shareholders.
Over the medium term, we intend not only to repurchase shares to offset the dilutive impact of unvested share awards, but to reduce the overall number of shares in issue as we focus on overall shareholder returns.
Is there anybody there? said the Traveller,
Knocking on the moonlit door;
And his horse in the silence champed the grasses
Of the forests ferny floor:
And a bird flew up out of the turret
Above the Travellers head:
And he smote upon the door again a second time
It's time management took some measures to improve the share price and enhance shareholder value. This constant using surplus capital to buy shares for the staff incentive plan is more than annoying. Try improving the dividend or buying back and cancelling some shares.
I have held Numis for a very long time. It tends to go down on good news and will then recover and should start going up soon. It's the low volume of shares traded and the market making style, often with a large spread can cause large apparent moves in the price.
It's got a great future or it will get taken over at a substantial premium. Good dividends too.
What a strange day for Numis, great results then heavy selling of their shares. I can only assume that it's the outlook, which is flat. Frankly no one can really predict the outcome and the shares are so cheap net of cash that they allow for a modest downturn.
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