We would love to hear your thoughts about our site and services, please take our survey 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.
I don’t mind an extra raise, as long as the joe blogs holders get a slice of the cake . Whatever the end is near , so it’s a hold from me
You may as well move on then :)
I do not see them coming up with the big money. But I do see more funding and dilution in a couple of months. More confetti.
Bond holders to show up some time demanding protection for their assets...
Melt down coming.
Keep to the facts for your information may, June and July . Three months easy then if nothing happens money runs out is this too simple for u
Good to see them back at 1.8, looks like they've Bottomed out now.
yes, they have said that they have enough cash, but they have said the same before and hit with 4m placing.
equally, i suspect the financing will be delayed again beyond what they suggested this time, and making it stronger case for them to do final placing./
problem with SOU, is that placing always at very deep discount !
On the plus side the deal has not been put back this time, further announcements will be made as appropriate in due course. Could still be signed off any day soon, just not tomorrow. Time will tell.
do you have ANY idea how a bank credit decision is made?
all the evidence needed (due diligence) is completed and presented to the credit committe at their regular (often monthly) meeting. This is where they deciude the case.not before.
Someone has added 1mill…..
Only Bigbench has mentioned the funding situation. Well done bigbench.
Graham categorically states that
'Over the subsequent 10 months the Company has scheduled its work accordingly and managed its corporate cost base such that its remaining cash resources are now expected to be sufficient to meet the Company's present working capital requirements through to July 2023.'
Now that is a real positive isn't it?
No money worries while we are waiting, no prospect of an equity issue, thats good.
Really? A deal as big as this and they haven't met up yet, do you believe it? I'm sure they have.
Fook it, added another 100k :-/
how can the bank be 'wobbling' on the deal when the credit committee hasn't met yet?
you need to try harder.
It’ll be the lawyers. Delays = more chargeable time…..
Signed
This should have been assigned off after all the previous delays, Sounds to me like the bank are wobbling on the deal. I hope they don't back out.
Good top up price ;-)
Hi, I have read the RNS and nowhere does it say go away your not getting the finance.
bandering about months. There is no indication of that.
the rns states r Credit Committee consideration of the Financing has been delayed due to local Eid celebrations and is not expected to be held prior to 28 April 2023.
not expected (so possible) but unlikely to meet the 28th
however there hasn't been one since the start if Ramadan, so there will be one soon, possibly in days.
The Bank is mandated until the 1st June 2023 to make the decision. Their due diligence report has been submitted to the Agreement Committee for approval so we just have to wait now...
I cant see the SP dropping from current level... mst of us have been here for so many years what's a few months more... maybe even less.
where the f are you getting three months from?
the same place as your prediction of .7p
I type lol if I wasn't an adult :)
As l predicted, so knew this delay was on the way, but what I don't like is that there is no clear date to sign by and that we only have cash till july.
So we have to wait another three months to know one way or the other as this company new does anything early
I applaud Gl for making the money stretch though.
I assume sound are as sick of delays as we are.
I believe it will be done and dusted soon.
So, if the doomsayers managed to get the sp down temporarily, I'm a buyer. Thanks in advance.