Bluesman

Wake up and smell the coffe Dave. This was not something that was generated by my imagination but was reported by all the major financial Press together with the general press and news medias. If there had been the sllightest untruth about it the writs would have been flying around as though they had gone out of fashion and there is not the slightest smell of a writ. We can all be astute business men when privy to certain information. He should stand trial together with any others that did it. The result of his insider trading was that instead of making a poultry £160K he made £200,000 + and believe you me these people would sell their grandmothers if they thought there was a decent profit in it. Mike

The only thing which I said was in your imagination was the meeting of execs that you alluded to where they "that it might be a good time to sell". I haven't said that there was any untruth about him selling the shares either. What I have said however is that there is absolutely no evidence that he was privy to the info on profit warnings although, as I said before, at his level of employment he should be aware of general performance. He also kept over 95% of his shares, which on your calculations, would mean that the value of the shares he kept depreciated by over 3/4 million poundsin that week. You keep stating that he should be prosecuted for selling these shares but why? If you are not conversant with insider trading regs then it might be an idea to look into it in order to realise that he did nothing illegal, no matter how distasteful you find it. I cannot disagree with your comment about selling their grandmothers though as I'm sure they would.......now that would be illegal.

First things first. I never allueded to anyone sitting around a table. All my information came from the fianacial broad sheets. Read the thread again, carefully.

As for the rest of your post I dont believe you are serious and are just trying to wind us up.

Commentators from all parts of the financial world are asking for him to be investigated. They wouldnt do that if there was no truth in the matter.

As for proof, you would be amazed what they can prove these days as trhe Murdochs of this world and others like him are finding out to their cost.

The one thing to remember is that these people get where they are in only one way and that is by treading on whoever gets in their way on the way up, trouble is you have to meet alot of them on the way back down and now its their turn to stick their teeth into you. There is no love loss in the boardrooms of the coperate sharks.

Mike.

The definition of Insider Trading

Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company. In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information. However, the term is frequently used to refer to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the insider's duties at the corporation, or otherwise in breach of a fiduciary or other relationship of trust and confidence or where the non-public information was misappropriated from the company

Wake up and smell the coffe Dave. This was not something that was generated by my imagination but was reported by all the major financial Press together with the general press and news medias. If there had been the sllightest untruth about it the writs would have been flying around as though they had gone out of fashion and there is not the slightest smell of a writ. We can all be astute business men when privy to certain information. He should stand trial together with any others that did it. The result of his insider trading was that instead of making a poultry £160K he made £200,000 + and believe you me these people would sell their grandmothers if they thought there was a decent profit in it. Mike

The only thing which I said was in your imagination was the meeting of execs that you alluded to where they "that it might be a good time to sell". I haven't said that there was any untruth about him selling the shares either. What I have said however is that there is absolutely no evidence that he was privy to the info on profit warnings although, as I said before, at his level of employment he should be aware of general performance. He also kept over 95% of his shares, which on your calculations, would mean that the value of the shares he kept depreciated by over 3/4 million poundsin that week. You keep stating that he should be prosecuted for selling these shares but why? If you are not conversant with insider trading regs then it might be an idea to look into it in order to realise that he did nothing illegal, no matter how distasteful you find it. I cannot disagree with your comment about selling their grandmothers though as I'm sure they would.......now that would be illegal.

"To get to his position he is obviously a very astute businessman so he should have a fair idea of the performance of the company employing him. There appear to be no reports of any other execs who were at "your perceived meeting" selling masses of their shares.......I wonder why? It is also a fact that he sold less than 5% of his shareholdings in Tesco which again would not tend to point to insider trading. Not quite sure what you mean when you state "the Tescos lot are making huge profits they denied the rest of their shareholders" Out of interest, "insider trading" itself is NOT illegal within certain limits". Do you work or are you a family relative or friend of Noel "Bob" Robbins, the UK chief operating officer because dispite what Tescos say about him not being told of an profits warning he should be sacked for not knowing what state the business was in. It would be interesting to know when he last sold any Tesco shares. What he did was insider trading pure and simple and he should face the courts. Mike

Sorry Mike but I just can't agree. Your logic and reasoning are flawed. You conjure up a "meeting" at which various parties discuss the effects on share price and agree it's a good idea to sell. Then only ONE of the execs actually sells a very small % of his holdings. Not much of a conspiracy then! I have no connection to Tesco or any employees of Tesco. If you take the trouble to read what I wrote properly you will see that I said that he should have a fair idea of the performance of Tesco so why do you say he should be sacked for NOT knowingwhat state the business is in? When, or even whether, he sold any other shares he owns is immaterial, he decided to sell some (as stated LESS than 5% of his holdings) and he is quite within his rights to do so. As for facing the courts.....why? As I said, even if you want to call it insider trading, what he did was in no way illegal. Check it out and you will find that Insider Trading is not, in itself, illegal.

Wake up and smell the coffe Dave.

This was not something that was generated by my imagination but was reported by all the major financial Press together with the general press and news medias.

If there had been the sllightest untruth about it the writs would have been flying around as though they had gone out of fashion and there is not the slightest smell of a writ.

We can all be astute business men when privy to certain information.

He should stand trial together with any others that did it.

The result of his insider trading was that instead of making a poultry £160K he made £200,000 + and believe you me these people would sell their grandmothers if they thought there was a decent profit in it.

Mike

It wasn't just him if the reports are correct. other exec allegedly did the same. I can see the board meeting now, one exec turns to another and says by golly I think now would be a prudent time to sell my shares. the other exec says by jove you might be right old chap. Another exec asks "any other business?" "No, it was just about our losses over the last quarter and the possible effect on share price that's all" was the reply! I wonder does that sound about right or should I get real?

Your imaginary scenario doesn't sound at all real to me. Tesco have stated, whether or not you believe them, that he was not privy to the profit warning announcement at the time he sold his shares. To get to his position he is obviously a very astute businessman so he should have a fair idea of the performance of the company employing him. There appear to be no reports of any other execs who were at "your perceived meeting" selling masses of their shares.......I wonder why? It is also a fact that he sold less than 5% of his shareholdings in Tesco which again would not tend to point to insider trading. Not quite sure what you mean when you state "the Tescos lot are making huge profits they denied the rest of their shareholders" Out of interest, "insider trading" itself is NOT illegal within certain limits.

Do you work or are you a family relative or friend of Noel "Bob" Robbins, the UK chief operating officer because dispite what Tescos say about him not being told of an profits warning he should be sacked for not knowing what state the business was in.

It would be interesting to know when he last sold any Tesco shares.

What he did was insider trading pure and simple and he should face the courts.

Mike

Nothing surprises me any more in this country and no doubt if they were ever to be caught ( highly unlikely) they would no doubt be given a suspended sentence and unfortunately this would not be the rope type!

It always pays to check your cover is in force and on the MID database (www.askmid.com) especially when taking out or renewing your policy as it can take a week or more to appear on there.In the meantime carry a copy of your cover note or policy with you incase you are stopped by the police as this will prevent your car being towed and impounded.

It also wouldn't hurt to regularly check on MID to make sure the cover you paid for is still in place especially with this type of scam.

I have taken this years policy out with " Nigerian Motor Cover LTD" at a very good price, strange thing is they only take cash!

Brilliant. They advertise on Watchdog.

Mike

Are you one of the 20,000 motorists who could be driving uninsured, after being duped by a 'ghost broker'? Experts are warning that this sophisticated scam is now pulling in thousands of British motorists, and leaving them completely exposed in the event of an accident.

So how does the scam work, and how can you protect yourself?

How it works

The fraudsters will advertise cheap insurance, at a much lower cost than the individual can get from a genuine broker or comparison site. They may have their own website, or put up notices in supermarkets and newsagents. They may even put a leaflet under your windscreen wiper when you are parked.

Some will claim to have superior broking skills in order to get you a better deal. Others will claim to have a staff discount from an insurer.

They work in any number of ways. Some will simply fail to secure any cover at all. They take money ether in cash or by credit card, and send fake documents. The driver is then uninsured, and in the event of an accident could find themselves stung for tens of thousands of pounds.

Others will buy policies on behalf of the driver, but will alter significant details such as the age or occupation of the driver in order to cut the premium. The policy will then be invalid because the details are wrong.

Meanwhile, some may take a payment from the driver and then use stolen credit card details to pay the insurer. Others will take a 'deposit' from the driver by credit card, and then will use the credit card details to run up debts in the driver's name.

Mike

Yes surely that is insider trading even the news reports hinted at it.

It hacks me off that ridiculous insurance prices are causing me to have to sell my car and people like the tescos lot are making huge profits they denied the rest of their shareholders.

Hopefully someone decent and with a good postcode will give my LS a new home. Fingers crossed they get a realistic insurance demand.

Its always the honest and hardest working that suffer in our now broken and sick society.

Keep my fingers crossed you find an solution before you have to part with her.

Mike

I tried that one last year when I renewed and guess what???????????????????

they wanted more, only £10 but it shows the whole futility of the insurance scams they operate in this country that we have to negotiate by law.

Mike

Yes I've noticed the prices creeping up round here too. lets face it greedy companies are just that, greedy.

The tax is on petrol far too high, I've spoken to American friends who are gob smacked at the price we pay for fuel and want to know why we don't have our own revolution!

I hope the domestic energy companies don't think we haven't noticed that they put up gas and electric prices by 15% just in time for a cold winter and trumpet that they are dropping them by 5% just in time for the warm weather! Whoopi doo! Just how arrogant are these people!

If I hear one more well off person tell me we are all in it together , I will scream!

I know we have drifted off topic but somehow it feels like its all connected.

It was nice to see that Tescos turnover and profits were down over the Christmas period.

The week before that Noel "Bob" Robbins, the UK chief operating officer, sold 50,000 shares on January 4, at 404.51p, netting around £202,000.

By selling last week, rather than today – when the shares had fallen to 316.8p – Mr Robbins was £44,000 better off.

Its called Insider Trading and it is illegal but will anything happen to them? Of course not.

If however you put the wrong piece of rubbish in the wrong bin you will be fined.

If you fail to pay your TV licence you could end up in prison.

If you clobber the burglar thats just hit your poor granny over the head and stolen the last 50p in her purse its you that will end up in court and possible prison and the burglar will have the weight of the law behind him to sue the arse off you for damages incurred during the burglary of your home.

Thats the two tier system that we now live under in this country that my poor old dad and probobly yours fought and laid their lives down to live in an country that was free and fair.

Enough said I think.

Mike

I need a cup of tea and a darkened room!!!!!!!!!!!!!!!!

I'm with you all but the financial stake needed to set up your own insurance company will be prohibative.

I have always said that if you are required by Law then it should be government supplied like Road Tax and not given to private companies who all have a good smattering of MPs on their Board of Directors. That way we wouldnt have to pay so much in tax as all insurance companies make stonking amounts of profits.

Most insurance companies are ultimately owned by banks.

I entered the question into Google and this is what I came up with.

Mike

First, do you mean an insurance company or an insurance intermediary. The former creates insurance policies and underwrites the risk. They're the firm that pays the claim. The second sells the policies provided by other insurance companies.

For both you'll need approval from the Financial Services Authority - and you'll need to comply with their regulation.

If you're an insurance company you will need to demonstrate you have adequate financial resources. That means having money set aside to pay the claims you expect to have to pay (or reinsurance contracts). You will need to demonstrate to the FSA that you have a sound underwriting model.

You will also need to obtain approval from the Department for Business, Enterprise and Regulatory Reform (formerly the DTI).

In both cases they will consider whether you are a fit and proper person to own and run an insurance company.

Depending on what you're doing you'll also need to register with the Information Commissioner's Office for Data Protection purposes, you may have to register with the Department for Justice depending on what you do with your claims, and you may also be contributing data to various government and industry databases when you sell an individual policy or receive a claim.

There are also specific pieces of legislation that cover motor insurance that will affect the way you construct your policies.

If you plan on selling other people's policies life is easier than this, but still complex. The FSA and ICO registrations remain, however, you won't be supplying data to fraud registers etc. Your requirements for solvency will be lower, but you will have responsibilities relating to the sale of the products you provide.

The only thing insurance dont show you is the robbers mask to hide their identity.

We did have an member on here in insurance but he dosent seem to post any more.

Mike

My LS 400 1998 6K per year aged 64 Max NCB Protected with one non fault accident in the last 4 years non previous to that, clean Licence one named driver £364 it rose £20 on last year with the same insurer. Chaucer Direct.

Mike

not sure what mileage you cover or even if your car qualifies but give a few classic car companies a go , , ive just insured a BMW 645CI 4.4 litre V8 330bhp value around £10k via classicline for £490 F,comp/2 drivers 5k a year max though ? aged 43 ?

Someone gave me a tip last year, put your wife on the policy and they will reduce the premium so last year I put her down on the policy and it was reduced by £75. No, there is no logical thinking going on and I dont mean it in away that is having a go a female drivers but if you have two drivers on the policy the car could be on the road alot more.

Their thinking is just crazy.

Mike

I'm on Google Chrome, the site scrolls really quite poorly now. Nowhere near as fast as the old version.

I am on standard Google and it does seem to take alot more time to load and then is very jerky.

Hopefully it will settle down in time.

I do like the new colour format especialy the posting/replying screen which is now so clear and works really well.

Mike

Having seen a couple of dead Battery posts recently I thought I would update you with the news on this one. Well there isnt any news and as they say "no news is good news"

We have had temp's down to -8C over the past week and the Battery is fine so I am completely mystified as to what it was that made the Battery that day, as dead as dead can be.

May be one of those mystifying things that will never be answered.

Mike :huh:

Dont know where your based but you might find this insurance article interesting.

http://www.confused.com/car-insurance/articles/northern-drivers-hardest-hit-by-car-insurance-price-rises

Mike

Must admit I didn't check the service booklet. Will do before pickup. I wonder what the legal position would be if I refused the car, as I've signed the contract and paid a deposit.

The car was transfered from another dealership so not too worried about the missing user manual, if the original dealer has lost it they will have to provide another.

If it was advertised as having FSH then thats what it should have and there should be no anomolies with it. Start chasing them imeadiately for the FSH and let them know that if its not 100% then the deal is off and all monies paid are to be returned.

If they are an Main Lexus Dealer they should be able to print on out from the computer systems.

Good luck. Dont lose any sleep. I am sure everything is 100% OK.

Mike.

Check that FSH and then check it again.

Glad you liked it enough to buy it.....I'd love one but I would not take the car without ALL of the relevant books/manuals. It seems strange that the SatNav guide is present but not the User Manual for the car as they would normally all be together in a large wallet/folder.

Is the service booklet present and correctly stamped up including the original PDI stamp?

Make sure they understand that unless all books and paper work as promised are there for your inspection before you take delivery there is no deal.

Mike.

Have you tried the Owners Club insurance which gives us an discount.

heres a link http://www.ownersclubinsurance.co.uk/website/lexus/?utm_source=LexusUK&utm_medium=LOCLaunchEmail&utm_campaign=LOCEmailLaunch

Good luck. Cant belive they can justify such greed, but then they dont give a damn. We are just looked at as the cash cow.

Mike

Wheres the search option gone........or is it just me that cant see it !!

Top right hand side of the page.

Mike

You can Scotchguard it yourself for a hell of a lot less than £600.

Warranty companies are in it to make money. They will try whatever they can to get out of paying. Besides, are Lexus really saying that there's a very good chance you'll have to pay out more than £2,000 in repairs to your new Lexus? That doesn't sound very clever to me.

Its all about sowing the seed of doubt, security companies and insurance companies have done it for generations.

Mike

Well not just a smart upmarket looking car but a forum to match now.

Well done to whoever did all the hard work.

Mike

After 2 and a half years ownership, 27,000 miles, one service, I had a complete failure.

After leaving her in a car park for an hour I returned to find a permanent brake warning light.

I remember reading about brake sensor failure.

Took it into the Toyota dealer at Sandhurst.

Result - New N/S rear bulb.

£3.42 Fitted (yes fitted)

Unbelievable Motoring :P

I do hope you are going to send a letter of complaint direct to the Chairman of Lexus exspressing the deep dissapointment you are feeling with these constant componant failures.

Are you going for councilling? Our thoughts are with you.

Happy Lexing Mike.

Hello,

I'm not sure I can help you fully but I have the 2004 LS430 with the Levinson sound system.

The Sat Nav includes phone/bluetooth options on my model and it works fine - I really don't know if you have the same version.

I had an Ipod connector installed a few months ago which meant having to disconnect the CD player but that was an easy choice for me. I don't recall the make/manufacturer of the connector but if you trawl the forums on here you will find a few threads about adaptors that work for Lexus. It takes a bit of getting used to and its a bit clunky but I have to say the Mark Levinson stereo with an Ipod is truly wonderful. I don't know if there are any adaptors that have a dual connector allowing for both a USB or an Ipod but I'm fairly certain you won't be able to have two separate adaptors.

Anyway, I hope that helps (at least a bit).

Regards,

Tony.

May I be so bold as to ask how much this conversion has cost??

Mike.

Found this on fleabay, apart from the 1st picture the car seems to have tipped on its side, I found it amusing anyway.

http://www.ebay.co.uk/itm/1996-LEXUS-LS400-SILVER-no-px-swop-swap-/300643204451?pt=Automobiles_UK&hash=item45ffbb3d63#ht_500wt_1204

I am always amazed how lazy people are.

It takes no time at all to press a key and get the picture the correct way round and they just cant be bothered.

Mike