Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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You obviously do not have a clue billyboy The dynamics of business require investment before growth, they're running an international business which has phenomenal growth potential not a local grocery store!
Nice try silly boy, you say you understand, but obviously you haven't got a clue. Nige, not
a chancee, this is great news going forward.
Utter nonsense, The Analyzer.
Have you even read the RNS?
It is not a convertible loan note, it is a put option agreement whereby ZOE can issue shares on an "if and as needed" basis at what to me is a remarkably slim 10% discount to the market price immediately prior to each exercise of the option.
Unlike with a convertible, there is no interest cost, and apart from the obligation to draw £15m in the first 12 months (if they did so today that would mean some 17m new shares - only 9% dilution....and less if the share price is higher when they do draw) all flexibility is in the hands of Zoe.
It is a fabulous deal to accelerate rollouts as and when the opportunities to do so present themselves.
Maybe this was why there was so many sell-offs yesterday!!
Some people had inside info and got rid!!
Going forward, something to watch out for!!
Is this one of those death spirals financing agreements? Shares issued at discount and then sold. More shares issued at further discount and sold etc. Or is it different to that? Had experience of those before and decimated the sp. I understand they have no money now due to little revenue and no profit but why do they need to borrow over three year period? Are they not expecting revenue and profit over this time from sales? Thoughts? BB2.
Theanalyzer, very much like ICON. There would have been other options. The lender will cover their cost and i fear it will dilute share price.
It’s a convertible loan note where LDA will get shares for cash and it will proceed to sell shares probably on a forward settlement basis so LDA is guaranteed a locked in profit on each tranche of debt converted.
Iconic had one of these and it smashed the share price as number of shares went from 1.6 billion to over 37 billion in around 12 months.
Only desperate companies with no means of accessing traditional debt finance and a need for cash enter into these deals.
No dilution with the finance agreement... What is not to like.
Good news!
Got to love Americans, "optionality"!
Any Knock down by the mm's I think will be soon bought up, I for one will be buying if they drop this
The MMs will use 'dilution' to knock it down first thing.
However looks good to me as well. Answers any questions about funding and now provides a clear runway to rapid growth.
Looks good to me. Allows ZOE to progress full throttle whilst minimising dilution to shareholders. As you say, we will see how the market reacts but over the longer term this is very positive IMO. Good luck all. FT
The final link in the chain! Prepare to take off!
This is good news as the expansion can continue without delay
Well, we’ll see what the markets think to this in an hour. Not sure whether they’ll beat us down. Thoughts anyone.