Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I received the following response from IR last Friday:
"Further to your enquiry - the company has no intention to delist, rather is intent on managing all expenses prudently."
People should contact the company before jumping to conclusions. Maybe they were looking for a lower entry.
The company is really undervalued atm, just federated wireless is worth more to ALM than the current share price. I'm expecting a rerate soon.
Assume you mean investor relations told you...
Well I have been a big supporter of ALM and the companies they have consolidated down to but after such shocking management time and time again I am unable to believe anything that they say. And just to add and cap a terrible year FW is now showing signs of weakness, unable to show or prove any real revenue and now in a battle with Google over the effectiveness of the ESC principles. “500% revenue increases this year” well from what base!!!! Not much imo..
How can we believe a word that comes from them, All they are interested in is keeping their obscene salaries coming in for as long as possible and not interested in delivering a brass farthing for the longterm shareholders.
Have you been in touch with IR to raise your concerns and what has the response been?
I'm pretty new to ALM, my average is probably lower than most here so can understand the frustration of long term holders but I'd be interested to know why you're still invested in the company if you have little confidence in the Board realising value for shareholders?
I hadn't visited this bb until a few days ago and read the comments about a potential delisting. I had the same fear after the update on 4th January. I contacted IR and asked them to clarify this via RNS immediately, its only been around a week since my last communication with them but I think its important that this is announced. I'll keep communicating with them but would like to hear what concerns others have so that I can raise these?
I agree their salaries are pretty excessive for what they do - I will raise questions in regards to this but welcome news that Joseph Pignato has stepped down - he was paid a total of $1,543,000 last year including bonuses. Also bonuses should only be paid in shares IMO to align interests with shareholders. Its also worth noting that Non-Executive Directors will now sit as Board members of the portfolio companies and its only fair that some of their remuneration is now awarded directly by these entities.
Check out the update from crystal amber this morning. Gives his views on a ALM. No wonder ceo had to go.
Thanks Dungiven123.
At Crystal Amber's estimated net asset value of Allied Minds, the share price would be around 49p.
I think fair value is greater than 49p.