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Trouble brewing at W H Ireland


Mole
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(extract from article)

 

"Youngman, who was accompanied by his lawyer, then told the meeting that he had a prepared statement but had been asked not to read it out. He said talks about "employment issues" were still ongoing. One of those present told Crain's: "He said he reserved the right to issue the statement in due course if progress was not made in good faith."

 

Full article:

 

http://www.crainsmanchesterbusiness.co.uk/apps/pbcs.dll/article?AID=/20090429/FREE/904299971/1079

 

It looks like Lowe will either have to backtrack or go to court over the dismisals.

 

The share price meanwhile continues to scrape along close to it's all time low.

 

:)

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Really not Saints related is it?

 

Sort of is as it highlights Rupert's poor management skills in a neutral forum and confirms what a dull appointment it was to put him in in the first place and then again last summer.

 

So - it is relevant.

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In a further development at troubled W H Ireland the two suspended directors have disposed of a number of shares to Evolve Capital, which is a consortium led by Blue Oar Securities chief executive officer Edward Vandyke.

 

http://www.citywire.co.uk/professional/-/news/wealth-management/content.aspx?ID=339475

 

Meanwhile the shareprice rallied slightly closing on 52 points, a gain of 5%.

 

:(

Edited by Mole
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In a further development at troubled W H Ireland the two suspended directors have disposed of a number of shares to Evolve Capital, which is a consortium led by Blue Oar Securities chief executive officer Edward Vandyke.

 

http://www.citywire.co.uk/professional/-/news/wealth-management/content.aspx?ID=339475

 

Meanwhile the shareprice rallied slightly closing on 52 points, a gain of 5%.

 

:(

 

I thought WHI tried to take over Blue Oar :confused:

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I thought WHI tried to take over Blue Oar :confused:

 

They did but as far as i'm aware (without going back and looking) Edward Vandyke just managed to take control of blue oar in time. Now it seems the boot is on the other foot perhaps.

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What - sort of like a reverse takeover, you mean :D

 

Not really, but what it would mean (imho) is that if Edward Vandyke took control of the circa 15% of shares owned by the suspended directors he's manouevering himself into pole position to launch a takeover.

 

If this were to happen, and imho it's likely, then i'd say Lowe will be surplus to requirements.

 

:)

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Not really, but what it would mean (imho) is that if Edward Vandyke took control of the circa 15% of shares owned by the suspended directors he's manouevering himself into pole position to launch a takeover.

 

If this were to happen, and imho it's likely, then i'd say Lowe will be surplus to requirements.

 

:)

 

Well thats not good then because he may well be looking for a job at St Mary's surely it is better for him to be gainfully employed else where

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Not really, but what it would mean (imho) is that if Edward Vandyke took control of the circa 15% of shares owned by the suspended directors he's manouevering himself into pole position to launch a takeover.

 

If this were to happen, and imho it's likely, then i'd say Lowe will be surplus to requirements.

 

:)

 

If that's the case then Lowe would get money for his shares and then he could put this money into some poor other struggling company.

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Brilliant picture. I feel sorry for anyone who works for them with adverse market conditions and this pratt as Chairman. Interesting that Dave Whelan of Wigan is mentioned - he has got enough troubles of his own at JJB if the FT is to be believed.

Edited by LostBoys
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Brilliant picture. I feel sorry for anyone who works for them with adverse market conditions and this pratt as Chairman. Interesting that Dave Whelan of Wigan is mentioned - he has got enough troubles of his own at JJB if the FT is to be believed.

 

I think you'll find that he sold the company a few years ago (trousered a fortune!) and that he may be looking to buy back a part of it now if it suits him !

Hardly troubled, methinks !

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This thread should serve as a warning to anyone who wishes to deny the impact Lowe has - in whatever capacity in an organisation - to divide and set it back.

 

Lowe in ANY capacity at this Club would have the same impact Mr Fry. Please note.

 

(just in case!)

 

Holocaust deniers (19, Prof etc) please also note.

 

NO LOWE ---- EVER AGAIN.

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To All My Loyal Saints Customers .....

 

Looking forward to seeing you all from behind the bullet proof glass at the City Ground, Nottingham on Sunday ......... Hope to have some even better news for you all once I can dislodge Wilde from my 'Rse

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lowe-moss.jpg

 

To All My Loyal Saints Customers .....

 

Looking forward to seeing you all from behind the bullet proof glass at the City Ground, Nottingham on Sunday ......... Hope to have some even better news for you all once I can dislodge Wilde from my 'Rse

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I think you'll find that he sold the company a few years ago (trousered a fortune!) and that he may be looking to buy back a part of it now if it suits him !

Hardly troubled, methinks !

 

 

"In 2003 JJB Sports were fined £5.5 million by the Office of Fair Trading (OFT) for fixing the price of the English National Team and Manchester United shirts in 2000 and 2001. Which Consumer magazine issued proceedings against JJB Sports to sue the high street retailer for damages on behalf of consumers who were affected by the price fixing.

Whelan gradually scaled down his interests in the company and in 2005 he stepped down as chairman. In January 2007 he sold £50m of shares in JJB, before selling his remaining 29% stake in June 2007. This action was in contradiction of a statement that Whelan made to the stock exchange on 26 January 2007 whereby he undertook to make no further disposals for the following 12 months. This action may now lead to an investigation by the Financial Services Authority.

 

I could not retrieve the FT articles and this is the dreaded Wiki and I will not name other issues. I do not believe I said he was bust.

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