UK 23:29 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Actually I shall keep you in suspense on that one - so you can still vote in the TW libel poll HERE - but I do discuss what a lamentable effort this fascist missive is when compared to previous bully boy lawyers letters. Then it is onto Guscio (GUSC), Plastics Capital (PLA) and the farce that are LTIPs and then onto the failings of capitalism in the US and UK and why we are sleepwalking on soma with no real wealth being created.
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Comments
Jam4U
TW, I dont believe many PI’s were offered shares – think you have been fed some baloney. I never received any phone call or offer, but then that maybe because I hold my shares in a nominee account and so I guess would many other PI’s. Who took those shares???
Andy
100% agree re LTIPs. Regarding PLA, whilst the numbers are not as greedy as VLK, and the money spread around a bit more (35 people, rather than just 3 for VLK), why should it be needed? A slightly sinister aspect is that the Non Exec Directors are included – no surprise that they voted for it then…….
Paul Scott
Tom, I totally agree with you about the proliferation of VCPs, LTIPs, etc – it’s just well-paid people sticking their snouts in the trough for even more – shameless greed.
I’m disappointed with Faisal at Plastics Capital. He already has one of the easiest & well paid jobs in the small caps space – he just sits on top of autonomous operating subsidiaries and monitors them basically, and does the occasional acquisition. Easy peasy, no wonder he’s so relaxed & affable, he’s got life sorted – pots of money, for a low-stress, part-time job!
I wonder what proportion of the benefits from the new incentive scheme will go to Directors, and what to management? I bet Directors get the lion’s share! Also, any scheme that involves the creation of an intermediate holding company, with a separate class of shares, is just intrinsically wrong in my view.
Shareholders need to kick off about these schemes, as if we let them happen unopposed, then everyone will be doing them soon, and that will effectively amount to c.10-15% of our assets being quietly stolen from us, by the people who are supposedly in their running things in OUR interests!
We have a real problem in this country with an absentee ownership class. As shareholders, we are collectively not controlling or restraining the management class, so they are running amok, with OUR money!
Sorry Faisal, but PLA is now going on the Bargepole List, as will all companies doing this type of scheme. All these incentives do, is to create perverse incentives for management to gear up the company, and do reckless acquisitions. So mgt get a big payout, then the company goes bust in the next recession. It’s madness to create these perverse reward structures. We need to keep shouting, louder than ever, about this kind of thing, and nip it in the bud.