Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And yes, the LSH sale could fall through and cwd could possible need money at some point but in a rising market for property sales, the banks will look favourably at CWD and help them out as will institutional investors. This is no basket case as far as I'm concerned. Its a good recovery play and any pick up in trading when they release results or have a trading statement will be a huge guide to the operating leverage that CWD has. Are you 2 monkeys to blind to see that ? Does it not occur to why CWD has rising over 50%in the past 6 months ? Perhaps, you are both stale bears who have got burnt here on CWD in the past. Too bad if so, it doesnt reflect on the current situation.
Now, toodle pip , I'm busy trading lloyds.
Sit back and enjoy the ride
It was but unfortunately it was linked with their amended credit facility If it doesn't go ahead they will probably come calling again to shareholders for more money -even more dilution .The worst scenario is Oaktree buys the debt!
Not only that the LSH staff are going to be highly demoralised with an uncertain future
Sain you convinced me LSH was a bad deal, so I hope it doesn't sell!
I hope they can keep it and restructure debt and enjoy the improved LSH income
SP rally poss indicating he has found the money . They did mention they were"working with him" That sounds very much like a haircut to get it over the line
time will tell as always...
You have a lockout agreement which binds both parties We are only guessing but I doubt very much he stands to lose £3.8m A large portion of the £3.5m transaction costs will be abortive costs billable solicitors and accountants hours
A non refundable deposit is paid when you sell a property...not that unusual
I always take non refundable deposits in my business...how else do you lock a buyer in?
Many variations indeed but extremely unusual to have a non -returnable deposit and if so unlikely to be £3.8m The £3.5m cost bill would be largely made up of billable hours by accountants lawyers and finance costs etc .cancellation of business contracts etc rather than an introducing commission so a big hit of that will be abortive if he doesnt go ahead
If Peppa Pig made an offer of £50m for LSH, would it become on RNS?
There must be a degree of substantive information needed to announce the sale of LSH, I would be highly surprised if the sale was announced before exchange.
Wit the sale of a property you can only start to relax once you exchange wit the deposit, until then its all a dream.
I would strongly suggest that all due diligence was done before the offer was made and accepted. Unless the offer was made 'subject to' , although there is no mention the offer was made 'Subject to.'
Under English law, a sale contract usually includes an exchange (with a non refundable deposit) and then the balance due upon completion.
Of course there can be many variations.
But I would suspect the price of £38m was agreed after a period of due diligence. Without due diligence of all the particulars of LSH how could JBM have ever offered £38m. Its all pie in the sky without DD.
CONVB
Why would you guess that he paid a non returnable deposit ,especially 10% with a transaction which is likely to cost him in due dilgence roaming through the various leases,contracts etc especially as he was likely to have been in a queue of 1 too.Extremely unlikley
No mention of that in the RNS just £38m on completion otherwise they would have said we have exchanged contracts to sell to JPM and have received a non returnable deposit , the balance to be paid upon completion
I would suggest that John Bengt Moeller has paid a non refundable deposit for LSH sale at £38m -minimum 10%.
Commissions related to the sale are only payable if sale completes.
Therefore if JBM does not complete the CWD keep the deposit, and they can re-market LSH for sale which is in a stronger position than it was in November.
Investors are naturally bullish on CWD
Dixons seem to be averaging 40 -50% on their sales book either U/O or SSTC which is pretty good going
Here is Northfield an average Brum suburb with a whacking 34 out of 51 under wraps
https://www.zoopla.co.uk/for-sale/branch/dixons-estate-agents-northfield-birmingham-28274/