George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Coronavirus Business Interruption Loan Scheme (CBILS) is for companies with a turnover of less than 45 million, Covid Corporate Financing Facility (CCFF) is for large and mid companies.
Tom this is only applicable for companies who have a turnover of less than 45 million.
CCFF is a liquidity loan scheme for large companies. Not a wages scheme?
I think forward liquidity becomes a problem in October.
PMG don’t even get me started on them, they think TC is a God over there, well SOB does
It’s going to struggle now with a loss showing each month!
CEO using money to buy wife land at an over inflated price from get this, his own wife, how that is allowed I will never know !
I see pmg are down again i dont rate that company neil H will learn there leave it alone
Every faith here trust the boss he put his money where his mouth is . Waiting to buy a nice lot gla
This gives an excellent overview of the development of the pandemic in different countries.
https://www.bbc.co.uk/news/av/world-us-canada-52066105/coronavirus-us-death-rates-v-china-italy-and-south-korea
Tom wages are not the issue the oil price is.
The market cap has priced in a firesale
Pure gym and Carluccios are you serious this is an oil company worth 9x less than their asset value, 250 million in cash, 130million in net profit in 18 & around 200 million in 19.
This is not a retail restaurant establishment that has been struggling for years to turn a profit.
130 million quid market cap for this company is ludicrous
Hey YOY, you àre right!
I hope they get the bail out! Let's face it, I'm not sure anyone would say they were in sound condition. Lot of debt and needing favoured oil prices. I feel like clutching at straws a little.
Will be good to see if carluccios get some. Puregym were in same position too.
Tom, they also wrote that
'The government on Thursday sought to ensure the scheme was available for midsized companies by allowing lending banks to also judge a company’s credit worthiness'
'This is judged by the Bank of England on criteria set by the Treasury. The decision will come down to whether companies were in sound financial health at the start of March'
so not just rating agency grade
All that CV relief money floating around, some should be going ENQs way.
Yoy - from the article - "The CCFF scheme ran into criticism because companies needed to be investment grade, as defined by a rating agency. According to analysis by Fitch, the rating agency, slightly more than 100 companies in the UK have such a rating."
Maybe an exception will be made for Enquest?
Could we get a shareholder petition on the go?
YOY - I have had a look into this. Sound financial health is investment grade rating which Enquest didnt have.
I am trying to see a way out
For companies that were in sound financial health at the start of March. ENQ was so might be eligible. Could be useful if poo stays low for a while.
https://www.ft.com/content/ab76001f-df0d-4f87-8ac5-07ec9f263946