Make your money go further for just 25p per day

INDIAN FILM COMPANY - Disgruntled shareholders haven’t actually elaborated on what they intend

20/01/2009 · The Indian Film Company (IFC) 

I find it somewhat strange that the material shareholder (Altima Indian Master Fund) proposing the removal and replacement of 2 of the current Directors of the AIM quoted Indian Film Company hasn’t actually provided a full ‘formal’ explanation of reasons for suggesting this ‘drastic’ course of action. Altima has formed the IFC Requisition Group (‘IFCRG’) to engineer this, currently claiming the support of 32% of the shareholders.

The current board on the other hand has posted a circular to shareholders providing a full explanation as to why they don’t consider the rebel’s proposals to be in the best interests of the company and shareholders.

Altima has complained that the returns received by IFC have not materialised into returns for shareholders – welcome to the stock market of 2008/09 boys!

IFCRG plans a “review of the business, including an assessment of past performance…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on The Indian Film Company

The Indian Film Company: IC update

16/02/2010 · Company Insights
Since September 2009 Network 18 Holdings Limited and its associates own in aggregate 80.4% of the…

Have the lunatics now taken over the asylum?

20/02/2009 · Company Insights
Former dissident shareholders have conveniently gained appointment to the board and are overseeing the stratetegic review.…

More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP