Victoria

Kentz, Victoria, AstraZeneca, and SSE

A number of companies on which ShareSoc has commented recently were in the news today (23/6/2014) or over the preceding weekend. Let's cover each in turn:Kentz Kentz received a cash offer for the company of 935p from SNC-Lavalin this morning. That's a premium of 33% to the recent share price. With such a premium and the stated support for the offer from the directors, it looks likely to succeed.  This will avoid the directors of Kentz having to deal with the ...

Victoria AGM Report Summary – Chickens home to roost

After last year’s battles for control of this company, yesterday’s Annual General Meeting was a tepid affair (see past ShareSoc press releases and AGM Forum  reports for more information on the past fights).Apart from the depressed state of the retail carpet sector, the wholly unnecessary exceptional costs incurred in that battle, and the subsequent restructuring of the business (which was long overdue in my opinion) resulted in an overall loss of £2.7m for the year ending March 2013. Revenue fell from ...