Above -
Robbins' 'Smug' shot.
I do
not believe in coincidences when it involves money, particularly large amounts of money.
Tesco, which prides itself on the
'pile it high, sell it cheap' approach to servicing the nations' eating habits needs to investigate this bloke - and quick.
Below are edited highlights of the issue concerned - make your own mind up. Mine already is.
Tesco boss sold off £200,000 of shares days before value plunged
- Chief operating officer Noel Robbins would have been £40,000 worse off if he'd sold shares after the share price dropped
- Another executive, Ken Towle, sold £155,000 of shares shortly before Christmas - he would be £28,000 worse off if he sold them today
A senior Tesco executive sold shares just over a week before a profit warning sent their value plunging.
Noel ‘Bob’ Robbins, the supermarket chain’s UK chief operating officer, sold 50,000 shares at 404p on January 4, netting around £202,000.
Had he sold at yesterday’s much lower closing price, he would have been more than £40,000 worse off.
His sell-off came eight days before Tesco reported its biggest drop in sales for decades – triggering a 16 per cent fall in its share price.
It was also just three days before the end of the period covered by its trading statement.
UK listing rules say directors should not buy or sell shares in their company while in possession of unpublished, price-sensitive information.
Tesco insisted it and Mr Robbins had operated within the rules.‘Bob Robbins sold less than 5 per cent of his substantial shareholding in Tesco for necessary family expenditure,’ a spokesman said.
‘We are confident that Bob was not in possession of any price-sensitive information at the time the sale was approved.’Under Tesco’s rules, directors were barred from trading company shares from January 7 to January 12.Another executive, Ken Towle, sold nearly £155,000 of shares shortly before Christmas. The head of Tesco’s online arm would have been £28,000 worse off had he held on until yesterday, when the shares closed at 316p.UNQUOTE -He sold
just
5% of his 'holdings'? - that would be about
5 million shares! Just how does somebody manage to accure that amount of shares - that would make him worth
£20 million in shares alone, at
'insider trading' levels. Just what sort of pay levels are these people on?
Still they need to make ever more money selling shares prior to 'disasterous' profit warnings.
Below - one of
'Bobs' lackeys being sent to collect the profits from his
'insider trading'.
While the rest of us scrat about looking for vouchers/meal deals and discounted food.
Below -
'Robert', a proper
'fat cat'.
This needs to be thoroughly investigated at the highest levels, all emails sequestered etc etc. Under
Tesco's own rules directors were barred from trading shares from Jan 7 till the 12th -
fuck me, you do'nt need to tell anybody that the shit is going to hit the fan do you? It's fairly obvious that the
'City' is going to react negatively! What would any self-respecting nose-in-the-trough-truffle-pig 0f a director do?
SELL, SELL. SELL.................Below - after Stocks and Shares, a bit of his share in the Stocks.
Let's hope he gets jailed, where somebody can get
'medieval on his ass'.
Above -
'Bob' with a
'medieval ass' specialist.
I re-iterate, you do
NOT need access to 'sensitive' documents that foretell a drop in sales and profits, you just need the Green light of a period in which you cannot buy or sell your shares - the details of which are known to you in advance.
Then work out the rest!
I hope this gives the 'Green' light for everybody to mass-shoplift at
Tesco's, just tell them that a mate in a pub told you that their prices were about to go up but you had'nt got the money for a few days so you've 'acquired' the goods that you need in advance and then you'll pop back and pay when you get your wages!
Below -
Antony Worrall-Thompson, 'proper'
Tesco thief.
Below - ROBBINS the rich and...................
FUCK the poor...................
Let's hope this story has got 'legs'.
