Keyword results: sir peter bazalgette

Edge Performance VCT – Board Survives but big questions remain

The Edge Performance VCT reconvened AGM and General Meetings finally took place today, including the sack-the-board requisitioned meeting. The bottom line is that the Board survived and voting was heavy so it is hard to complain, even if the eventual votes went against the rebels. But…..

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Edge Performance VCT – Fund Manager David Glick Hits Back Over “Untrue And Deliberate Disinformation” About Sir Peter Bazalgette

An email from David Glick, the founder of Edge Performance VCT (EDGH) and the founder and CEO of the VCT’s investment manager, noting untrue and deliberate disinformation about Sir Peter Bazalgette, a so-far unelected by the VCT’s shareholders director of Edge Performance VCT and Chairman of FTSE100 stalwart ITV (ITV) has turned up at ShareProphets Towers in the run-up to Edge’s reconvened (from August!) AGM and the sack-the-board EGM to be run the same day, 17th January 2022. He is not pleased!

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Edge Performance VCT – now ShareSoc Launches A Second Sack-The-Board EGM Requisition

ShareSoc has not always seen eye-to-eye with ShareProphets, but on this occasion we stand firmly behind ShareSoc as it again attacks the Board of Edge Performance VCT (EDGH and EDGI). Sharesoc has now taken the unusual step of releasing an RNS which states:

Edge Performance VCT - Disenfranchisement Of I-Shares Almost Complete: Meet The Team Behind It

It was announced on Wednesday at no-one-is-watching o’clock (5.17pm) that trading in Edge Performance I-shares (EDGI) was to be halted the following morning. The disenfranchisement of the I-shares is almost complete.

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Edge Performance VCT – Now A Corporate Governance Scandal Brews For H-Shareholders

I have commented extensively on the winding down of the I-shares at Edge Performance VCT (EDGI) amid what is surely a scandal of corporate governance. But what of the H-shares (EDGH), following the disposal of approximately 90% of the holding in Unity Software Inc for £10.9 million in cash, a 20 times return according to the company for an investment carried in the books at just £1.2 million, as announced on Thursday 18 November?

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EXPOSE: Edge, Sir Peter and ITV – Part Two: A Mirriad Of Conflicts

Yesterday I covered a link between apparently “independent” Director at Edge Performance VCT (EDGI and EDGH) Sir Peter Bazalgette and its lead fund manager Mr David Glick at Edge Creative Enterprise Fund. Today I turn to a company called Mirriad Limited, a company in which Edge Performance VCT saw a £3.3 million investment written down by 98 to just £50,000 in 2015. It was the biggest cause of Edge’s loss that year.

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ITV
ITV
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Edge, Sir Peter (a fine upstanding sort of chap who went to Cambridge don't you know?) and ITV

I don’t like being bullied – even indirectly by clairvoyant PR guys. So when Tom Winnifrith reported taking a call regarding my pieces on Edge Performance VCT (EDGI and EDGH) and the one director on its Board, Sir Peter Bazalgette, to be facing re-election by grateful shareholders (no sniggering at the back) – if, that is, Edge ever gets around to reconvening its AGM which was adjourned way back on 31 August 2021, some two and a half months ago – I took a trip to Companies House. Toff ITV NED Edward Bonham-Carter will no doubt wish to overlook this as well as Sir Peter is just a jolly fine chap and not some dirty oik.

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ITV
ITV
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Edward Bonham-Carter of ITV Fails to Defend Sir Peter Bazalgette over Edge scandal as he bluffs a reply to Nigel

The toffs always look after each other, whether it is at Westminster or in the world of big business. In Britain 2021 there are no standards. All sense,or pretence, of decency has gone. On Friday Nigel wrote to ITV (ITVasking very legitimate questions about the outside business interests at Edge VCT of its chairman Sir Peter Bazalgette. For his efferts we had a psychic PR man claim – falsely – that he had his facts wrong without being able to name one such error. Now the patrician senior NED at ITV, Edward Bonham-Carter, has replied to Nigel. 

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Open Letter To ITV CEO Dame Carolyn McCall Ref Her Chairman and Edge Performance VCT

The stink arising from the alphabet soup that was Edge Performance VCT (EDGI and EDGH) continues to grow. I have written to Dame Carolyn McCall, the CEO of ITV (ITV) regarding the involvement of her chairman, demanding a full enquiry.

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EDGEing Toward The Abyss

I see that the incumbents at Edge Performance VCT (EDGI and EDGH) haven’t yet got around to alerting the market that an EGM requisition proposing to give the majority of the board the boot has been in the in-tray for around a week now. Since ShareProphets reported that the requisition had gone in over a week ago and now The Telegraph has reported the same, is it not time for the board – including the chairman of ITV, Sir Peter Bazalgette, to ‘fess up?

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On The EDGE of Reason As I-Shareholders Await Opportunity To Show Disgust

I’ve been rummaging through the prospectus for the IPO of Edge Performance VCT I- and H-Shares from 2011 (EDGH and EDGI). Given the abject returns on the I-shares, which listed at £1 but will only see a total return after some nine or (for the fleetest of foot) ten years of about 46p once this class of share has been dispensed with shortly, I wonder what they were expecting upon investment. Let’s take a look.

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Edge Performance – Not so Cool-abi for I Shares

I noted on Friday that the I shares from the alphabet soup that is Edge Performance VCT (EDGH for news, EDGI for the shares) are going to be wound up and sent off to the great share repository in the sky. This is after I shareholders got an 8.5p dividend with roughly another 3.5p to come following the disposal of Coolabi via a takeover on an enterprise value of £35 million. But I fancy I shareholders will be bitterly disappointed, given that they lost over half of their money over a nine-year period. A look at what happened with Coolabi may begin to explain why.

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ITV
ITV

Love Island Boost Adds to Prospects of a Higher Share Price for ITV

Hello, Share Swipers. On reading my annual report of ITV (ITV) a few months ago, I noted that my former lodger, Sir Peter Bazalgette, the chairman, was puzzled by the low share price. I suppose he would say that, but I think he has a point...

ITV
ITV

My Ex-Lodger Thinks ITV's Share Price is Underrated - And He Should Know

Hello, Share Smashers. A former lodger of mine has gone on to big things. Peter Bazalgette was a mere BBC trainee when I put him up. His dry humour was to be marvelled at. Today, now Sir Peter, he is the chairman of ITV (ITV). He says in the annual report that the Footsie giant’s share price does not reflect its many achievements...

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