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ICS, ICSGLOBAL LIMITED
nipper
post Posted: May 22 2021, 01:52 PM
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Posts: 9,165
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In Reply To: Curly2's post @ Jan 9 2014, 12:57 AM

March 2021 ...ICS has received the cash proceeds from the sale of MBC of approximately GBP12.8 million (after UK costs).

After a competitive bidding process the proceeds were converted into Australian dollars at the exchange rate of one AUD=GBP .5594. ICS received approximately AUD22.9 million.

ICS is continuing its work with the ATO on the class ruling to confirm treatment of the return to ICS shareholders and will promptly make the return following the finalisation of the ruling.

and from the Chairmans Address, Feb, when the proposition was put forward
The Board will be actively looking to invest
• ICS will have $4 to $5 million in cash after the sale and distribution to shareholders
• The Board is now actively searching for investment opportunities
• Once the Board has found an investment opportunity that we believe will add value to our shareholders the Board will hold an EGM for shareholder approval
• The Board of ICS have taken steps to reduce cash costs of the entity going forward from c. $530k per year to c.$400k, including 50% reduction in director and company secretarial fees





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Curly2
post Posted: Jan 9 2014, 12:57 AM
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In Reply To: rkch's post @ Jan 8 2014, 09:49 AM

HI RKCH

Well the latest announcement certainly answered moast of my original Questions, maybe ICS reads the share scene?

Either way I am very pleased with the new order of share ownership.
I will keep my fingers crossed for an announcement of an interim dividend in February.

Good luck for 2014

Reg Curly2

 
rkch
post Posted: Jan 8 2014, 09:49 AM
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In Reply To: Curly2's post @ Jan 6 2014, 11:33 AM

Hi Curly2,

Uncanny, Shareholder update out today.

Tim continues to be the seller.

ICS has not been the buyer.








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Risk is definable - uncertainity is not.

The true source of uncertainty lies in the intentions of others.

 
Curly2
post Posted: Jan 6 2014, 11:33 AM
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In Reply To: rkch's post @ Jan 5 2014, 04:11 PM

Hi RKCH Thank you for your reply

Thanks to the current board and Garry Chapman we are now in a lot better situation than 3 Years ago.

I am happy that the board have their shares to align their interests with us (the share holders) as long as it does not get out of hand.

I hope that in February the BOARD declares an intrem dividend, and if that could be followed up by a declaration from the board that maintenance of dividend payments where possible will be part of their policy from now on. Then this would show investors that the company is gaining some real solid depth, and produce even greater interest the company - hence share price.

regards Curly2

 
rkch
post Posted: Jan 5 2014, 04:11 PM
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In Reply To: Curly2's post @ Jan 3 2014, 01:18 PM

Hi Curly2,
In answer to your first question, this was asked by a shareholder at the AGM and the Chairman said that the buyback would not be used for this purpose.
Cannot answer the other questions but am happy with the 200 percent price rise over the last twelve months.




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Risk is definable - uncertainity is not.

The true source of uncertainty lies in the intentions of others.

 
Curly2
post Posted: Jan 3 2014, 01:18 PM
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HI all



Is the share buying in the last 2 days through the share buy back scheme ?
or through new interests buying in ?
Is TIM the seller ?

Has the share price been raised on purpose just to support the directors target scheme ?

Considering the share price and the directors holdings should their yearly bonuses of shares be cut in half ?

There has been no announcements to share holders since the AGM of company progress yet there has been frienzied buying in the last 2 days.What is happening?

All share holders need to be put in the picture

All interesting questions that need answers

 


rkch
post Posted: Jul 25 2013, 08:34 PM
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In Reply To: zog's post @ Jul 12 2013, 11:12 PM

Share buyback announced on the 19th has put a rocket under these. Closed at 3.5 cents today.
Let's see if it continues.



--------------------
Risk is definable - uncertainity is not.

The true source of uncertainty lies in the intentions of others.

 
zog
post Posted: Jul 12 2013, 11:12 PM
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In Reply To: rkch's post @ Jul 12 2013, 12:21 PM

Thanks - Tim still has about the same again to get rid of. Be good when he is out.

 
rkch
post Posted: Jul 12 2013, 12:21 PM
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In Reply To: zog's post @ Jul 11 2013, 09:32 PM

Tim has sold 5.5M shares.

I think that's what he was referring to.

There are also three new Top 10 shareholders.



--------------------
Risk is definable - uncertainity is not.

The true source of uncertainty lies in the intentions of others.


Said 'Thanks' for this post: zog  
 
zog
post Posted: Jul 11 2013, 09:32 PM
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In Reply To: healyn's post @ Feb 6 2013, 02:32 PM

I can't get the second page of todays announcement which would no doubt show who has not submitted a "substantial shareholder notice" - who has not submitted their notice?

 
 


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