Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://uk.news.yahoo.com/interserve-lenders-sweeten-terms-500m-120300820.html
They should go for this it is the best they are going to get.
At least they are moving in the right direction.
10% for existing shareholders would be a fair deal.
2.85bn new shares to the lenders at 16.85p = £480m
Total shares = 3bn
Existing shareholders = 150m / 3bn = 5% of shareholding
Share price should rise to 17p after DfE
Company value will be circa £500m with £350 debt loaded on RMD and EBITDA £170 to £175M
Share price could rise to circa 34p over time
This looks more attractive to Interserves revised offer of 5%.......
Insiders said on Friday that Coltrane had submitted an alternative proposal to Interserve's board which included a £75m rights issue to be fully underwritten by the US-based hedge fund.
Under Coltrane's proposal, which would include a major equitisation of Interserve's debts, creditors would own 65% of Interserve, the funds raised in the rights issue would equate to 25% of the equity, while existing shareholders would own 10%.
One source said that if executed, the Coltrane proposal would leave Interserve with lower net debt than under Interserve's plan.
Penny is starting to drop about the value left in Interserve.
Greedy lenders will not get away with the heist of the century!
There is so much going on here, including the Guardian reporting that administrators have been lined up. https://www.theguardian.com/business/2019/feb/22/interserve-lenders-line-up-ey-administrator-if-shareholder-talks-fail
Meta
Lenders are getting very nervous....and posturing
The deal at 97.5% was unbelievable
The deal at 95% for them is still great
A deal at 92.5% for them is still very good
A deal at 90 % would be fair
They are getting nervous that their bloated profits will not be so bloated
The current 5% deal puts the share price at 17p
A 7.5% deal puts the share price at circa 26p
A 10% deal (coltranes) puts the share price at 34p straight away
The sp at 14p is now undervalued. Depending on which deal will identify how undervalued it is.
Over diluted and everyone knows it - the Lenders, the Bod and Coltrane.