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Well simple wind down the company ,sold whatever was in order Martin Bloom was already on BOD ,,I think ..
Taken from IEH... Home :: Share Prices :: Intell.eng. Share Price :: Intell.eng. Regulatory News :: Intell.eng. Regulatory News (IEH) IEH Share Price IEH Share News IEH Share Charts IEH Share Chat IEH Share Trades IEH Live RNS IEH Level 2 Console IEH Live Share Price IEH Broker Ratings IEH Directors Deals IEH Financial Diary IEH Fundamentals Buy IEH Shares Add IEH to Watchlist Add IEH to Alert Add IEH to myTerminal Regulatory News for Intell.eng. (IEH) Last checked at 09/11/2017 13:58:03 Share Price: 0.241 Bid: 0.241 Ask: 0.298 Change: -0.0285 (-10.58%) Spread: 0.057 Spread as %: 23.65% Open: 0.21 High: 0.25 Low: 0.20 Yesterday�s Close: 0.2695 IEH Alliance News IEH Reuters News IEH ShareCast News IEH Regulatory News IEH Pro News Categories: � Date: Sale of Business, intent to de-list, wind down Wed, 25th Oct 2017 13:50 RNS Number : 6105U Intelligent Energy Holdings PLC 25 October 2017 � Released: 25th October 2017 � Intelligent Energy Holdings PLC � � (LSE: IEH; ADR:INGYY) � This announcement contains insider information. � 25th October 2017 � �INTELLIGENT ENERGY HOLDINGS PLC: ("IEH PLC" OR THE "COMPANY" AND TOGETHER WITH ITS SUBSIDIARIES, THE "GROUP") SALE OF BUSINESS, INTENTION TO DELIST AND WIND DOWN OF IEH PLC, REPAYMENT (AS TO 65% OF PRINCIPAL), AND CANCELLATION OF, CONVERTIBLE LOAN NOTES � � As noted in the Company's announcement of 22nd September 2017 the Group has been facing an uncertain outlook and the Board had reluctantly concluded that, due to a number of factors, there could be little (or potentially no) value remaining in the Company's ordinary shares. � Since the issue of that announcement the Board has continued to: � � -���������� progress a potential sale of some or all of the business and assets held by the Company's subsidiaries, a process managed on the Board's behalf by Deloitte; � -���������� discuss any residual financing options with key stakeholders; and � -���������� seek trading related solutions that would bring funding into the Company. � These activity streams and discussions have regrettably not produced an outcome that would result in the Company being a going concern or that would, as a backstop, provide more time to seek and implement any other financing solutions. This outcome in part reflects the Group being unable to undertake more traditional funding activities, due to the challenges faced by the Company in aligning the interests of major stakeholders (including as a r
INTELLIGENT ENERGY HOLDINGS PLC (the "Company"): Notification of change of name Further to the Company's announcement on Wednesday 25th October 2017 in respect of the sale of the Company's business and assets to Meditor Energy Limited, the Company has today changed its name to Lb-shell plc. A further update in respect of the Company's intention to de-list and wind-down will be provided in due course.
My understanding ,the name changing was to save what was left of IEH ,and I believe the new buyer was noteholder of IEH ,so plenty to lose if he could not take it under his wings ..
..something afoot, but we are totally in the dark, could go either way. Spread is also very big...gl
0.28 ...then top up again at 0.32 ....and i ' m done
What price did you get if I can ask??
i was in & out few times IEH .....when the price were 7p .....think this will follow but need time
I just don't get it ? Either folks are playing a blinder on the peaks and dips (too risky for me ) or something is afoot?
Second Price Monitoring Extn
LOL ,This was faster than I thought ..I don't have funds ,but looked at it today ,.
i think within few months this will turn around imhp
0.29 ....to sell
on the book ....maybe one day
good
buying
As new kid on the block it worth a few pence ,I think .....
Theys old or winding down the company because of CLN ,,I think but kept the IEH ,business as a going forward LBP ,,
See if it is any good to you. Steps: Are you a shareholder? LBP�s debt and cash flow levels indicate room for improvement. Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue. However, its high liquidity means the company should continue to operate smoothly in the case of adverse events. Given that LBP�s financial situation may change. I suggest researching market expectations for LBP�s future growth on our free analysis platform. Are you a potential investor? With a high level of debt on its balance sheet, LBP could still be in a financially strong position if its cash flow also stacked up. However, this isn�t the case, and there�s room for LBP to increase its operational efficiency. Though, the company will be able to pay all of its upcoming liabilities from its current short-term assets. You should continue your analysis by taking a look at LBP�s past performance analysis on our free platform in order to determine for yourself whether its debt position is justified.
i think they changed the name for a reason ...shall we buy here
well if they don't turn this around ,it will not be for being short of directors ...
here is the lot.. fficers and directors Martin Bloom Interim Chief Executive Officer John Maguire Chief Financial Officer, Executive Director Joe OSullivan Chief Operating Officer James Batchelor Managing Director, Automotive Division Peter Brown Managing Director, Distributed Power & Generation Division Amarpal Singh Samra Managing Director, Consumer Electronics Julie Evans Group Human Resources Director Jean-Louis Cols Group Engineering Director Christopher Dudfield Director of Technology Development Julian Hughes Group Corporate Development Director Full list on Reuters �
are they safe to buy now
Yes they got rid of CLN ,kept the rest of assets ,and relisted under a new name ,as this meditor was a major shareholder on IEH ,,kind of winding up ,or getting rid of trouble assets ...
Released 2nd November 2017 INTELLIGENT ENERGY HOLDINGS PLC (the "Company"): Notification of change of name Further to the Company's announcement on Wednesday 25th October 2017 in respect of the sale of the Company's business and assets to Meditor Energy Limited, the Company has today changed its name to Lb-shell plc. A further update in respect of the Company's intention to de-list and wind-down will be provided in due course. 2nd November 2017 The release of this announcement has been authorised by the Board of Directors of the Company. For enquiries telephone: 07966 164357