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so no RNSs yet regarding the sell/sellers from whom bombard got the additional shares.perhaps from several sources so no need to report, but does seem more likely they came from one major seller so perhaps we will get news on tuesday.regarding you reference Farhantahir to taking it private this does,i think,start to look like the most likely scenario,but no certainty and i am just speculating out loud.the question will then be at what level they would have to pitch the offer to be sure of getting the necessary level of support.hopefully we will know more in the near future
Lombard have been here before. THey like the business. They might just see some considerable value. What's interesting is that technically, Lombard and management could combine and take the company private. IMO.
i think that has to be the case bunco.obviously it helps considerably with reducing their average which would perhaps be a reason in itself if the percentage were considerably lower, but at not much less than 30% it has,imo, got to indicate a bid plan.just my opinion of course.
bunco just managed find the two large trades you mention on London stock exchange site. nothing else seems to be working properly for me .i imagine those, coupled with the 17.10 one, makes it pretty certain we will get one or more RNSs. lets see what tomorrow brings.
This website awful, but the 2 massive trades at around 3:20pm and 3:50pm seem legit, they appear on the London stock exchange website and are at a price and value that make sense.
Hard to interpret what the deal is at the moment, but certainly seems that this may have contributed to the recent low share price. Now these trades have gone through we're up almost 20% immediately. I expect an rns or two tomorrow to clear this up... Hopefully.
just to put that trade in perspective its over 1.75% of the issued capital. not absolutely certain we will get an RNS as it will depend whether it takes anyone over or under a reporting threshold, but would be surprised if we don't get one.
clearly a lot of problems with the lse site today.no idea about the old trades but what is significant is the trade now showing at 17.10 of 1,687,500 shares at 20.5p.value £345,937. it is correct as I've checked on official london stock exchange site.not designated as a buy or sell and its marked XOFF so its been carried out off market.presumably someone has sold a big chunk and someone has bought them in one go .expect RNS tomorrow.
What's the deal on here, LSE has reverted back to February when I'm hoping time would go quicker not backwards during lockdown !! Saw a £1,000,000 trade on HSBC this afternoon and the SP has gone up.... Just wondered ??
YHAL - you're clearly confused, your points make no sense. But that's on you to work out. Don't assume all investors are as clueless as you are.
I think is clear to anyone looking to invest what the position of the company is... it was doing well, overstretched with a number of acquisitions in a short period, hit with a number of key customers losses which impacted revenue, failed FSP was a bit of a mess, then Corona has left us here. The debt is a bit of an issue, but by no means unmanageable, increasing revenue will help it get paid down and also by the revenue to debt ratio will remove some of the anxiety about the debt itself. Until Corona, revenue was on the increase, obviously Corona will have an impact and it's impossible to estimate at this point, but that's the case across the board and proactis should be reasonably well placed to cope.
bunco I should have slowed down, page 121, £12.8M. Amounts falling due in one year. Most of it for subsidiary undertakings. About 25% is bank loan. Either way it's not an attractive proposition to new investors vs other opportunities and its underwater in total to more than £30M to the bank. You can't argue about that.
That's embarrassing YHAL, either you have no clue what your looking at in the annual report or you're deliberately trying to mislead... Either way it's embarrassing. Farhantihir is correct, the amount payable in 1 year is simply payments due to suppliers, which is more than matched by payments to be receiving from customers.
There is no bank debt/loans due at end of July, your information is inaccurate and misleading!
That's made up of trade payables (14.47m) and other short term liabilities (1.502m). They also reported 16.298m of trade receivables and cash of over £7.7m... They clearly have sufficient short term funds to meet their liabilities. Long term should be OK also - they generate 13m odd a year in operating CF and this has been growing. BePayd should give some additional growth opportunities as it's another product offering (and will be a lifeline in the current market conditions, provided that Due Diligence is robust).
YHAL - where do you get this info? I have searched the annual report and there is no mention of debt needing to be paid back anytime soon. You listening to hearsay or can you point to exactly where the company has stated this is the case?
Don't see why not - debt is at 3x FCF but can, most likely, be rolled forward. It's not due until 2022 at the earliest, so i'm not that concerned - things can be sorted in 2 years. One thing i noticed when reading the annual report - the chunky debt - the revolving facility has a nominal interest rate as: LIBOR +1.75-2.5. Does anyone know what the real interest rate is?