2 million cash pumped into the business in return for shares. Reported at companies house.

Edited December 6, 20214 yr by Mounts Kipper

1 hour ago, Duck Egg said:

Carlton Fairweather

Michael Happyclapperton

 

Is 'grumpy clapper' a thing?

Asking for a friend.

The longer that Sharon keeps her wagon hitched to the dead horse that is Evatt, it really does make me question her decision making and whether she's the right person to continue taking us forward. 

I really want to believe she is, but this is becoming ridiculous and the longer it goes on the more it becomes that when Ian goes, she will have to go too. 

I doubt it's solely her decision

6 minutes ago, meanderson93 said:

The longer that Sharon keeps her wagon hitched to the dead horse that is Evatt, it really does make me question her decision making and whether she's the right person to continue taking us forward. 

I really want to believe she is, but this is becoming ridiculous and the longer it goes on the more it becomes that when Ian goes, she will have to go too. 

Have you been sniffing glue?

5 minutes ago, Cheese said:

Have you been sniffing glue?

Not at all?

Her shareholding is now well below 50%. I know there were board members that previously had issues with Evatt, the longer this continues to sour and she continues to back him. The tide can easily turn on both of their tenures if the majority of our ownership structure don't like how things are being handled. 

2 minutes ago, meanderson93 said:

Not at all?

Her shareholding is now well below 50%. I know there were board members that previously had issues with Evatt, the longer this continues to sour and she continues to back him. The tide can easily turn on both of their tenures if the majority of our ownership structure don't like how things are being handled. 

Which board members have previously had issues with Evatt?

25 minutes ago, Lt. Aldo Raine said:

I doubt it's solely her decision

I understand that for a couple of months now, it is only Sharon that wants to keep him. 

24 minutes ago, worthy10 said:

I understand that for a couple of months now, it is only Sharon that wants to keep him. 

You 'understand', what does that mean? 

55 minutes ago, Cheese said:

Which board members have previously had issues with Evatt?

I'm not going to name them specifically as I don't want to cause issues for the person that I know.

And when I say issues with him, I don't mean altercations or any specific clashes, just that they don't hold the same opinion of him as Sharon does and would have chosen a different path than the one we're currently on. 

42 minutes ago, JOGLER said:

You 'understand', what does that mean? 

Been told from a reliable source.

24 minutes ago, meanderson93 said:

I'm not going to name them specifically as I don't want to cause issues for the person that I know.

And when I say issues with him, I don't mean altercations or any specific clashes, just that they don't hold the same opinion of him as Sharon does and would have chosen a different path than the one we're currently on. 

That's how I understand it to be.

3 hours ago, Lt. Aldo Raine said:

I doubt it's solely her decision

it isn't

and the fact some people seem to think it is speaks volumes

however, she does back him and if those with the power went against her, it could get very messy

34 minutes ago, Casino said:

it isn't

and the fact some people seem to think it is speaks volumes

however, she does back him and if those with the power went against her, it could get very messy

How do you know this? 

4 hours ago, meanderson93 said:

I'm not going to name them specifically as I don't want to cause issues for the person that I know.

 

See above

On 17/12/2024 at 07:21, TrickyTrotter said:

The Swiss owners are too distracted with other things to focus on our current situation and that massive War Chest isn’t coming anytime soon.

 

Commodities trader Trafigura is coming under heightened scrutiny by some of its lenders after a series of scandals hit earnings and dented the company’s value. 

The privately held group uncovered a “massive problem” at its Mongolian oil division this year, which cost it $1.1bn and contributed to a steep decline in profits and dividend payouts. It is the second such issue to hit Trafigura in two years after it said in 2023 that it had been the victim of a $600mn nickel fraud. (FT)

 

Screwed scamnickelploy

1400+ pages on the Transfer thread without so much as a sniff and now half this Board know what the other Board is thinking from reliable sources.

 

On 17/12/2024 at 07:21, TrickyTrotter said:

The Swiss owners are too distracted with other things to focus on our current situation and that massive War Chest isn’t coming anytime soon.

 

Commodities trader Trafigura is coming under heightened scrutiny by some of its lenders after a series of scandals hit earnings and dented the company’s value. 

The privately held group uncovered a “massive problem” at its Mongolian oil division this year, which cost it $1.1bn and contributed to a steep decline in profits and dividend payouts. It is the second such issue to hit Trafigura in two years after it said in 2023 that it had been the victim of a $600mn nickel fraud. (FT)

 

As touched upon after you posted this: it is a group of employees who got together and decided to invest some of their own cash into us.

Nowt to do with their employer. 

If some of them get the heaveho, then who knows they may want some of it back at some point, but they invested what they could afford, clearly with the knowledge that football offers no guarantees.

55 minutes ago, Tonge moor green jacket said:

Nowt to do with their employer. 

If some of them get the heaveho, then who knows they may want some of it back at some point, but they invested what they could afford, clearly with the knowledge that football offers no guarantees.

My point is that Trafigura is run as a Partnership not a Plc. The  Luckock’s have got very rich on the back of that with their share of the profits as partners. I guess their investment in FV is a small part of their personal wealth

Whilst not an expert on Swiss or Singapore business law presumably Trafigura partners are equally liable for trading losses of which the company has had a number recently. They operate in a very high risk high reward sector.

Just saying that whilst wealthy, our owners are relatively high risk

On companies house - not sure what it means??

 

17 Jan 2025

Purchase of own shares. This document is being processed and will be available in 10 days.

24 minutes ago, bwfc2003 said:

On companies house - not sure what it means??

 

17 Jan 2025

Purchase of own shares. This document is being processed and will be available in 10 days.

It means they've purchased their own shares.

Neil harts?

On 16/01/2025 at 12:17, TrickyTrotter said:

My point is that Trafigura is run as a Partnership not a Plc. The  Luckock’s have got very rich on the back of that with their share of the profits as partners. I guess their investment in FV is a small part of their personal wealth

Whilst not an expert on Swiss or Singapore business law presumably Trafigura partners are equally liable for trading losses of which the company has had a number recently. They operate in a very high risk high reward sector.

Just saying that whilst wealthy, our owners are relatively high risk

Don't understand what you're saying there.

As far as I can see, a bunch of guys having a bit of a flutter with their own cash are doing so with no additional pressures on them.

A bigger parent company/owner looking for long term financial benefit/kudos are surely more likely to get twitchy than the former.

Unless there is something we don't know about in the investment arrangements, then I feel more relaxed about them and there being a lower chance of a conflict within the boardroom.

15 minutes ago, Casino said:

Neil harts?

Ian Evatts?

2 minutes ago, Cheese said:

Ian Evatts?

Would be done after he's left.

 

11 minutes ago, only1swanny said:

Would be done after he's left.

I was only joking. Don't really care what happens at the moment. All feels a bit "limbo".