most managers are clearly focused on one thing...and it ain't shareholder value creation
13 Feb '15
Jolly: DBL made it pretty clear at the only meeting I was able to attend that he had no time for PI's. He is one of those who gives capitalism a bad name. imo.
26 Jan '15
or · the closing mid-market price on the last trading day before the Company receives notice of the intended conversion of the Loan Notes. ...so running yield, seniority and attractive conversion terms ...doesn't look great for the humble PI imv
26 Jan '15
and culs v attractive
The Loan Notes are repayable at par on the third anniversary of their issue together with interest which accrues on the principal outstanding at 3% per annum in the first year rising to 7.5% per annum in the second and third year following their issue. The Loan Notes carry the right, subject to the Company's ordinary shareholders passing the relevant resolution at a general meeting, to be converted, at a future date, into such number of Ordinary Shares as is equal to the principal and interest outstanding on the Loan Notes to be converted divided by the lower of either: · 2.5p, representing a premium of 92% to the closing mid-market price of 1.3p on 17 November 2014; or · the closing mid-market price on the last trading day before the Company receives notice of the intended conversion of the Loan Notes.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.