Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Poker
“If anything is going on in the background it is probably how to pack their bags and get out of the UK..given the way bumbling Boris and his merry moron men are carrying on..“
Finally - we agree wholeheartedly on something:)
COVID is the warmup act - hard Brexit will do three times more damage to the economy.
And that’s what Bozo and his heinous chums always wanted. They’re about to drive the UK into the abyss.
"Boris will be remembered as the Prime Minister who F U CKED the uk and all its economy!!!!"
well..I dont blame Boris as such..because Boris is being ...well..Boris .he must wonder how he fooled everyone to get this far....how many times does he have to act a clown before people realise he actually is a clown? ......I blame the Tory tw*ats for voting him leader ..the voters didnt exactly have much choice...
i agree - the government are ******s - protect the vulnerable and old and everyone get there arses back to work - kids back to school and enjoy life to the full- all this max 6 people crap etc etc - whats next military rule and curfews-
Boris will be remembered as the Prime Minister who F U CKED the uk and all its economy!!!!
Toff
If anything is going on in the background it is probably how to pack their bags and get out of the UK..given the way bumbling Boris and his merry moron men are carrying on....that is more of a threat to RR than covid is..IMO..but that is another story...
" The delays in announcing the RI suggests all is not well behind the scenes. Discontent among institutional investors is my guess. And difficulty finding banks to underwrite it. "
hummmm..
Toff,
suggests they havent made a decision and dont feel the need to be pressurised at this moment in time....just before a US election and further developments on covid testing capabilities and the use of Antigen 5 minute testing etc etc
Itis only the speculators who are driving the agenda for a RI...NOW!!
"the company must get all the institutional investors to ‘commit’ to the RI" "Discontent among institutional investors is my guess."
OMG... Well before that...they need to have all their options covered and of course speak to the bondholders etc etc etc....you seem to think that a full RI is their only option here ....the institutional investors will be part of the "ideas" ...not there to cause distruption...if they wanted that they would have packed their bags long ago...
Poker
“the debate is to whether the company will choose now to issue a fund raise ....that is more of the issue...”
It’s not as easy as that. They can’t call a RI unless all the new shares are underwritten. And getting banks and brokerages to underwrite them would indeed be very risky - because the banks could end up being saddled with tens of millions of shares if investors do not take the RI up.
And before that happens - the company must get all the institutional investors to ‘commit’ to the RI
Without them it’s a non-starter.
A rights issue gets less likely by the day. At what level does the shareprice have to fall before it becomes unviable?
We must be getting close to that point now.
The delays in announcing the RI suggests all is not well behind the scenes. Discontent among institutional investors is my guess. And difficulty finding banks to underwrite it.
Toff
Toff,
There is no debate as to the fact that the share price is being severely attacked...that is somewhat obvious....(even we mere plebs can see that..oh wise one...) the debate is to whether the company will choose now to issue a fund raise ....that is more of the issue...
Closed at 140.4
Also it’s day low - always a bad sign.
A new 16 year low
On higher than average volumes (14 million) always a bad sign.
I’m sticking with my prediction to close the week @130 (made on the weekend)
Toff