I reckon £1.00 by this Friday, then £1.20 by the end of August. Depends in the Private Equity people start sniffing around. Hope they dont as its worth much more than the £1.30 figure banded around as a takeover target. 900 jobs gone from a site that has been around since the late 60's, probably earlier would save on costs in the long run, all the moves around suppiers, wont be long.
Tall order, I have said before and still hope there are millions from the cost savings due to the poor manner in which the business was ran in the past and this will come through. I do accept that marketing and capes spend has changed to meet this current number, very tall order. The CEO I do believe is doing a selling job, whether to sell bits or the whole thing or indeed sell to then get inward investment we shall see. But the presentation last week was front foot and focus upon the good as much as other areas. It worked to a degree, we need a sustained third quarter and then a bumper christmas. With another 6 or 7 new products on the shelf to support growth.
The point im making isnt to bash the share, i hold pfd remember and am not looking for it to drop to buy more, i have enough that im comfortable with.
I just dont feel that the results are particularily outstanding, certainly not as outstanding as they were painted. Next set if not much much better will possibly decide the future, wheat harvest better, lower prices.
You stated "generating plenty of cash" we have not seen any "generating" yet, not burning as much granted but thats not quite the same thing.
It needs to be generating more than 50-70m next year with pension payments starting again.
Cash flow raised to 50 to 70 million and a net loss of 5 million for the six months against a 45 million loss this time last year.
The medicine everyone accepts needs to be taken, we can all read the results and understand the circumstance hence the SP. everyone talks about the same things and either the business will change sufficiently to remove these issues or it won't, straight forward and always has been.
Hence some people invest on the basis it will and some short on the basis it won't. It's a big risk, gamble and some of us are taking it. The point of the last set of results is there is solid improvement against the past. Now once again by all means find the downside, I appreciate it exists but I still believe a path out of this is possible hence the investment.
This company is really in the ****, less so than before but still lots to do, you pay your money and take your choice!
500 mill at 50p =£250 miill -£ 20 mill fees =£230. Start shorting now. The company is stuck it might as well take the medicine now and get it over with and give itself a chance later.Stop all this prevaricating
Read this before, but thanks for posting it. It's not the first article to talk about an equity raise and certainly not the first to put a figure of £200 million on it. However, rights issues are frightfully expensive and the actual rights issue would need to be higher to gfet the ''net value'' Anyway, GD says he would like to go for one after 2015 ''from a position of strength'' On that basis why not a £300 million RI?
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