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Nooby
Insolvent = bankrupt = game over
Rich by30
defaulting on paying debt is been insolvent (classic one) irrespective of why
What part of POGs financials points towards insolvency?
Hi
ShottyGoShort
As you said yesterday have you spoke to your friend who used to work for BDO as an accountant
I left of an important part. " BDO is the last resort- probably as administrators"
i was told this yesterday. "Alix never seemed serious-that's why they subcontracted to Hannam & partners. BDO is the last resort."
Nooby*
Noisy question but what would it mean for investors if they became insolvent? Thanks
First thing that comes to mind when I hear BDO is insolvency. That's what they were big on and no doubt still are.
My mate worked for them as an accountant after university. Might put it past him. See what his gut reaction is (memo for self and others; not that it necessarily means anything).
Accountants notorious for undervaluing/overvaluing asssets come 'insolvency' in order to serve the next owner or Board buy out. History is full of cases like this.
Hmm..Thinking about buying more at such a low SP.
POG is run like sh+t int it?! Only thing is they are pulling MONEY out of the ground so got to try hard (and they are) to f+ck things up.
Just hope whatever happens we are in at such a low SP that we will walk away financially better off, albeit still cheated perhaps.
POG and POLY are night and day different outfits. I see POLY going on for years generating cash for shareholders whereas POG is more of a pig shi++ing gold and likely to be walked off by a new owner. Communication from Board is atrocious and they have contempt for shareholders. Not really fit to be FTSE listed yet I'm still here, but in a much smaller way than POLY.
Thoughts?
Its OK, maybe they now do accounting.. but like you say, only ever dealt with them in acquisitions and disposals, personally.
Sorry invest, I read your comment as NEVER seen them involved with sales.
I think it's a move towards an acquisition.
Really?????
BDO do a lot of corporate finance and due dilligance for acquisitions and disposals. My experience dates back to when they were BDO Stoy Hayward, maybe things have changed.
So invest_na with your experience working for now to be our accountants , you would say a take over / buy out is on the cards ... ?
how much in your eyes do you think that is worth to us ?
I have worked with BDO in the past, only thing I have ever seen them involved with is finding buyers/investors for sales of businesses and assets.
Global reach with different perspective for POG that Alix Partners could not achieve?
RNS has to be incoming
BDO UK provides tax, audit and assurance, advisory and business outsourcing services to companies across all sectors of the economy. We make the time and effort to understand our clients’ businesses and markets. Our partners and staff are specialists in their fields and have a proactive, flexible approach to helping clients overcoming the challenges they face. We aim to be as innovative and entrepreneurial as our clients.
Our approach and expertise are what help us deliver exceptional client service. 95% of our clients would recommend us.
We operate from 18 locations, covering all major business centres, so that we can be close to our clients. We employ 6,600 people who are allowed to be themselves; taking responsibility for their work and their relationships with clients. All our people share core values that underpin both our culture and the value that we bring to our clients. Our values are also reflected in our Corporate Social Responsibility and Environmental policies.
BDO LLP is a key member of the BDO global network of public accounting, tax and advisory firms. The BDO global network provides business advisory services in 164 countries, with 95,400 people working out of 1,710 offices worldwide. It has revenues of $11.8bn. Being a member of the BDO global network allows us to meet the needs of clients who are growing and trading internationally.
https://www.bdo.co.uk/en-gb/services
GL
why is the price not going up with all the buying? some late reported sells due later??
When did AlixPartners UK LLP resign? Why there as no RNS about that? The company should have release the news before the SKY news.
But where's the RNS?
Bdo are still British though right?? Same conflict of interest
oooh thats much more positive no ? get lawrence out of his horrid funk
https://twitter.com/MarkKleinmanSky/status/1527583994199560192?s=20&t=AUU3NMdl2kT5vX4dtGGKxQ